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The EU will temporarily lift customs duties on key nitrogen-based fertilizers such as urea and ammonia for one year to mitigate the knock-on effects of the Iran war, the Council of the EU said on Friday.Global fertiliser prices have jumped following the near total closure of the Strait of Hormuz…
https://www.marinelink.com/news/eu-temporarily-suspends-fertilizer-duties-539548
https://www.marinelink.com/news/eu-temporarily-suspends-fertilizer-duties-539548Today, Thursday, May 21 2026, the Baltic Dry Index decreased by 41 points, reaching 2964 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry ...
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-2964-down-41-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-2964-down-41-points/Today, Friday, May 22 2026, the Baltic Dry Index climbed 27 points, reaching 2991 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit ...
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-2991-up-27-points/
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-2991-up-27-points/Digitalisation and artificial intelligence (AI) will create close to $500bn in cumulative value for exploration and production companies between 2026 and 2030. This value is captured through cost reductions from more efficient operations, production increases from higher uptime and increased recovery, and compressed development timelines. According to Rystad Energy estimates, E&P players currently investing in …
https://splash247.com/ai-and-digitalisation-to-unlock-500bn-for-upstream-oil-and-gas/
https://splash247.com/ai-and-digitalisation-to-unlock-500bn-for-upstream-oil-and-gas/A 52-minute documentary titled Posidonia is seeking to raise awareness about the fragile state of the Mediterranean, offering a very different take on the name more commonly associated with the shipping industry’s giant trade exhibition in Greece. Directed by French filmmakers and explorers Nelly Kars and Bruno Lambert, the film follows a 400 km journey …
https://splash247.com/posidonia-the-movie/
https://splash247.com/posidonia-the-movie/Greek shipping magnate George Economou has returned to the sale and purchase market, cashing in on the firming cape sector, selling the 2006-built, Shanghai Waigaoqiao-built Venture I, with the ship now renamed Cape Shanghai and registered with Talent Shipping. No price has been attached to the deal. Economou has been offloading a handful of vintage …
https://splash247.com/economou-jumps-back-onto-the-sp-wagon-with-rusty-cape-sale/
https://splash247.com/economou-jumps-back-onto-the-sp-wagon-with-rusty-cape-sale/Iran proposed managing the Strait of Hormuz through an insurance-based framework that would formalise its control over the critical oil shipping chokepoint, while simultaneously demanding that all vessels file mandatory cargo declarations with a newly created Iranian maritime authority before being permitted to transit. Iran is also quietly negotiating with the Gulf state of Oman …
https://splash247.com/splash-wrap-shippings-most-frantic-news-cycle-of-the-year/
https://splash247.com/splash-wrap-shippings-most-frantic-news-cycle-of-the-year/Russia’s shadow fleet of oil tankers is functioning as an active platform for hybrid warfare against European states – enabling undersea infrastructure sabotage and drone surveillance over military and critical facilities across the Baltic and North Sea – according to a new investigation published by the Armed Conflict Location and Event Data Project. The report, …
Captain Mohit Kohli recounts navigating missiles, drones, misinformation and fear when the Strait of Hormuz became a battlefield and commercial shipping was left dangerously unprepared. We as mariners are trained to expect storms, operational incidents and accidents, injuries, non-compliance of regulatory norms, machinery failures, and the occasional brush with piracy. But nothing in our manuals …
https://splash247.com/master-under-fire-inside-a-merchant-ship-trapped-in-the-gulf-war-zone/
https://splash247.com/master-under-fire-inside-a-merchant-ship-trapped-in-the-gulf-war-zone/Disruption in the Strait of Hormuz is helping drive a sharp rise in Panama Canal traffic, with the waterway now operating close to maximum capacity as US energy exports to Asia surge. According to new analysis from BIMCO, average daily transits through the canal have risen 8% year-on-year so far in 2026 to 38 vessels …
https://splash247.com/hormuz-fallout-pushes-panama-canal-close-to-full-capacity/
https://splash247.com/hormuz-fallout-pushes-panama-canal-close-to-full-capacity/