The Flip Bot

The missile was fired at the engine room of the empty tanker disabling it as it headed towards Iran’s main crude oil loading port

The takeover battle between two of the dry bulk shipping sector’s biggest names intensified Tuesday after Diana Shipping publicly blasted Genco Shipping & Trading’s board refusing to engage in negotiations...

U.S. forces disabled a sanctioned oil tanker attempting to reach an Iranian port on Tuesday, marking the sixth commercial vessel interdicted since Washington imposed a maritime blockade on Iran nearly...

A decade of mergers, acquisitions and private equity roll-ups has reshaped the sector. But as the dust settles, senior figures across the industry are divided on what comes next – and whether size was ever really the point. The next chapter from our brand new shipmanagement magazine that is be…

Echandia’s biggest product launch to date, the new LTO battery system Echandia Core, strengthens the business case for marine electrification. Echandia today announces the launch of Echandia Core, a new marine battery system built on lithium-titanium-oxide (LTO) technology. Developed for demanding f…

Reality in the Market : One of the most defining developments in contemporary maritime dynamics is the increasingly   Source: Xclusiv Shipbrokers Inc.

Widening trade surplus signals firm growth in 2Q26 South Korea’s exports increased a greater-than-expected 53.2% year-on-year in May (vs 48.0% in April, 49.3% market consensus, 52% ING). Despite the ongoing conflict in the Middle East, export growth accelerated, with working day-adjusted shipments j…

As regulatory delays leave shipowners hesitant over future fuel investments, the industry’s competitive edge is shifting from speculative asset-playing to AI-driven voyage optimisation, writes Alex Caizergues, Founder and CEO of Syroco. For decades, the giants of shipping have been from Athens…

Of all the challenges facing the maritime industry, perhaps the one that most defines the moment is that of fuel uncertainty. With no way of knowing what fuel, or fuels, will be available, affordable – or perhaps, mandatory – in the future, the way forward lies in flexibility. Competitive in today’s…

With the situation in the Middle East still uncertain and no meaningful progress towards de-escalation   Source: Intermodal

Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced that its Board of Directors unanimously rejected the revised unsolicited tender offer (the “Offer”) from Diana Shipping Inc. (“Diana”) to acquir…

EcoNavis Solutions’ founder Dr Batuhan Aktas has been awarded the prestigious Royal Institution of Naval Architects’ Maritime Innovation Award for his pioneering work developing and commercialising the energy efficiency Eco Boss Cap propeller hub, a technology that reduces hub vortex cavitation to i…

Eurozone median inflation expectations for the next 12 months were steady at 4% in April 2026, the same as in March and staying at 2023-highs. Consumers expected the price of their home to increase by 3.7% over the next 12 months, which was unchanged from March and expectations for mortgage interest…

In Jan-Apr 2026, global seaborne coal loadings declined by -0.1% y-o-y to 410.7 mln t (excluding cabotage)   Source: banchero costa & c s.p.a

Abu Dhabi Maritime Academy (ADMA), the ‎region’s leading academic institution for maritime training, and an integral part of AD ‎Ports Group (ADX: ADPORTS), has signed a Memorandum of Understanding (MoU) ‎with Bahrain Polytechnic to strengthen cooperation in the areas of education, training, ‎and ap…

Mr. Anthony E. Comninos honored with the Captain Xenakoudis Excellence in Shipping Award The Republic of the Marshall Islands (RMI) Registry recognized several milestones and achievements during Posidonia, highlighting the collaboration and teamwork to make them possible. In mid-May 2026, the United…

The S&P Global UK Manufacturing PMI rose to 53.9 in May 2026 compared with initial estimates and April’s 53.7, marking the strongest expansion since May 2022. Output grew at a three-month high, led by intermediate and investment goods, while new orders rose for a sixth straight month on stronger…

The global maritime community is gathering in Athens this week at a moment of acute strategic significance: with the Strait of Hormuz still closed to commercial traffic and energy supply chains under severe strain, the industry’s mandate to keep the world fed and moving has never been more vis…

The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, eased a third consecutive session on Tuesday, falling about 0.5% to a near one-week low of 3,205 points, pressured by the larger vessel segments. The capesize index, which typically tran…

Climeon has delivered a HeatPower 300 system to Jiangsu New Yangzi Shipbuilding in China for installation onboard the first vessel in a series of dual-fuel methanol container vessels ordered as part of a newbuild program announced in September 2025. The delivery marks Climeon’s first delivery …

Shipping operators today face no shortage of data. But as their vessel crews manage tighter operating margins, more complex engines and growing pressure to avoid disruption, the challenge is translating that data into actionable insights that keep vessels running for longer without the risk of break…

With Posidonia fully underway, the next few days are expected to be “flooded” with reports of newbuilding deals from Greek owners. In the meantime, in its latest weekly report, shipbroker Banchero Costa said that “newbuilding transaction continue to flow, both on bulkers and tankers. Hengli Heavy In…

Key Takeaway The first half of the year is on track for the strongest Baltic Dry Index (BDI) performance since 2023. C3 and C5 rates remain supported by resilient Chinese iron ore imports despite weak domestic steel production. Market attention is increasingly shifting toward India’s evolving iron o…

Two new quay cranes (QC) that recently arrived at Baltic Container Terminal (BCT) are seen to boost the Port of Gdynia’s capabilities and competitiveness. The QCs are part of an investment program carried out by BCT in cooperation with the Port of Gdynia Authority to further modernize the Port and s…

George Economou sat down at TradeWinds Shipowners Forum Greece at Posidonia in Athens yesterday with the newspaper’s US correspondent Joe Brady for a rare extended conversation about how he built one of shipping’s most formidable private empires — and the bond workout, the stock market frenzy,…

Today, Tuesday, June 2 2026, the Baltic Dry Index decreased by 17  points, reaching 3205 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 worl…

U.S. Secretary of State Marco Rubio said on Tuesday that President Donald Trump's negotiating team has not offered Iran sanctions relief in exchange for reopening the Strait of Hormuz and insisted that any sanctions relief was tied to Tehran giving up its nuclear program.

Modifications to Transit Reservation (Booking) System 02 Jun 2026, Panama Canal, Panama HML D Neopanamax vessels can now request Panama Canal 1A booking slots for transit dates beginning July 1, 2026. READ MORE Source: GAC

The S&P Global Greece Manufacturing PMI rose to 53.3 in May 2026 from 52.4 in April, marking a stronger improvement in operating conditions as output and new orders regained momentum. Growth was driven mainly by domestic demand, while new export orders fell for a fourth consecutive month, unders…

Thermal coal futures climbed above $140 per ton, reaching their highest level in nine weeks after a deadly gas explosion at a coal mine in northern China exposed an underground network of illegal labor practices and unreported coal sales, raising concerns about tighter oversight and extended supply …

Bulkers: Bulker S&P activity was solid, with 16 vessels changing hands across all segments. Broader market sentiment remains underpinned by cautious optimism following the US-China tariff truce, which has improved near-term trade flow expectations for dry bulk commodities. Strong pricing was obs…

U.S. President Donald Trump signed a proclamation on Monday that amends Section 232 national security tariffs on certain aluminum, steel and copper imports, the White House website said. The proclamation reduces tariffs on some steel and aluminum derivative products to 15% from 25%. These products i…

B100’s discounts to conventional fuels in Rotterdam have narrowed yet again, as conventional fuel prices have dropped for a second straight week. B100’s discount to HSFO has narrowed by $116/mt to $47/mt. B100’s discounts to VLSFO and LSMGO have narrowed by $88/mt and $124/mt to $149/mt and $4…

Korean Register (KR) has marked a significant milestone in its European strategy, successfully hosting the inaugural KR North Europe Committee (KRNEC) and a Technical Seminar in Hamburg, Germany, on May 20-21, 2026. The two-day event was organized to formally launch a committee composed of leading m…

The announcement marks a step towards wider adoption of digitally enabled bridge systems and enhanced situational awareness at sea. Lloyd’s Register (LR) has awarded Approval in Principle (AiP) to HD Hyundai Samho for a container ship design standard supporting NAV1 compliance. The AiP, presented at…

PPG announced the publication of a white paper, Electrostatic Application of Marine Hull Coatings, detailing how this advanced application technology can help ship owners and operators improve efficiency and reduce environmental impact. Electrostatic application works by negatively charging paint pa…

Athenian Shipbrokers SA Ship Recycling Weekly Report   Source: ATHENIAN SHIPBROKERS S.A.

Heidmar Maritime Holdings Corp. announces that it has regained compliance with NASDAQ continued listing rule 5550(a)(2) regarding minimum bid prices for its common stock, after its closing bid price maintained a level at or above $1.00 per share for 10 consecutive business days. “We are pleased to h…

Safe Bulkers, Inc., an international provider of marine drybulk transportation services, is pleased to announce today that the Company’s issued shares of common stock (i.e., all 101,826,580 dematerialized, registered voting shares of common stock, each with a par value of $0.001, issued by the Compa…

At the opening ceremony of the prestigious Posidonia 2024 international shipping exhibition “Posidonia 2026”, the Prime Minister, Mr. Kyriakos Mitsotakis, the Minister of Shipping and Insular Policy, Mr. Vasilis Kikilias, the Ambassador of China to Greece, Mr. Fang Qiu, the President of …

Damen’s Fuel Flexible Tugs are designed to meet the requirements of today and tomorrow in equal measure Of all the challenges facing the maritime industry, perhaps the one that most...

The U.S. National Science Foundation (NSF) has begun a major downsizing of one of the world’s largest ocean observing networks, announcing plans to remove most of the in-water infrastructure associated...

The Company’s Environmental, Social and Governance Programs Continue Their Positive Global Impact Resolve Marine, a global leader in innovative marine solutions, today announced the publication of its?2025 Sustainability Report, part of the company’s comprehensive environmental, social and…

Russia is exporting the most crude since its invasion of Ukraine back in 2022 as Kyiv's record attacks on its neighbor's oil refineries force more barrels into the global market.

Eastern Pacific Shipping (EPS) and Champion Tankers have launched a new IMO II medium-range tanker pool, combining eight vessels under a single commercial platform aimed at strengthening their presence in the product and chemical tanker trades. The Singapore-based initiative will begin operations wi…

An estimated more than 1,000 dark fleet ships are a danger to the environment and a drag on the economics of the legitimate traders says Capital Maritime founder

Mediterranean Shipping Company (MSC) says its containership MSC Sariska V was struck by two projectiles while departing Iraq’s Port of Umm Qasr on Sunday, confirming one of the most serious attacks on...

The UK’s largest offshore trade union, Unite, has revealed that its members employed by Bilfinger on North Sea assets operated by Ithaca Energy will strike in June over pay. Bilfinger refused to extend a retention bonus to around 20 workers on the Alba FSU and its floating production facility …

For much of a panel with other leading Greek shipowners Procopiou’s chair sat conspicuously empty

Leading shipowners rail against the Net Zero Framework and being taxed for not using non-existent green fuels

Iran has claimed responsibility for the attack on the Panama-flagged container ship off Iraq

A record number of Greek owners have joined Tonne Millionaire club over the last 12 months

The Danish shipyard Fayard is set to remain a critical service hub for Russia’s Arctic LNG trade through at least one more summer, even as European sanctions tighten and other Western shipyards withdraw from the business.

Discover Freightos Enterprise The post Container rates starting to spike on peak season rush – June 2, 2026 Update appeared first on Freightos.

North American refined product markets have tightened further in recent weeks, with inventories falling to fresh lows and export flows accelerating beyond already-elevated levels, as the ongoing disruption to Middle East supply continues to reverberate through global trade, according to S&P Glob…

In this week’s edition of Let’s Talk Energy, Aditya Saraswat, Research Director, Middle East and North Africa at Rystad Energy, joined Noah to unpack what the war in Iran means for global oil and gas. With roughly 14 million barrels per day of liquids and 85 million tonnes per annum of L…

Energy – Negotiation uncertainty Oil prices received a boost yesterday as talks between the US and Iran appeared to break down — again. This has become a common pattern in recent months, and there are still plenty of mixed messages. President Trump says that negotiations are continuing. …

The government is in the process of finalising a new policy for coal gasification-based urea manufacturing and will be ready within a month, an official said, highlighting that the move will boost self-reliance and save foreign exchange, given the country’s heavy dependence on imported natural…

The humble tin can is the latest victim of US steel tariffs as domestic manufacturers say producing cans at home has become more expensive than importing them, despite Washington’s push to bolster steel production and limit imports. A decade ago, United States producers made 60 percent of the …

The oil market might face a new reality after the Iran war in which exports through the Strait of Hormuz do not return to the levels once considered normal, as shipowners now have to weigh the risk that fighting could abruptly break out in the volatile Persian Gulf. And Western commercial ships will…

Hamburg’s Senator for Economic Affairs, Dr Melanie Leonhard, today welcomed Estonia’s Minister of Infrastructure, Kuldar Leis, to Hamburg City Hall. The Minister was accompanied by a high-level delegation representing the port industry, logistics sector and political institutions. During the visit, …

As discussions on the ETS revision intensify ahead of the Commission proposal expected in July 2026, the debate increasingly reflects the need to reconcile climate ambition, competitiveness and economic resilience. In this context, FEPORT takes note of the High-Level Roundtable organised by the Euro…

China delivered its first large LNG carrier with a cargo containment system fully fitted with domestically made ultra-low-temperature valves, marking a key breakthrough in the localization of critical LNG shipbuilding equipment and highlighting the country’s growing strength in high-end vessel…

The trials will test technical readiness, operational protocols, and the infrastructure required to deliver ammonia as a marine fuel in Singapore. The Maritime and Port Authority of Singapore (MPA) approved the project last month under its alternative marine fuels framework, with the authorisation t…

HD Hyundai Heavy Industries (HHI) and BAR Technologies have signed a Memorandum of Understanding (MOU) to establish a strategic partnership focused on technical collaboration and commercial opportunities for the integration of WindWings®. As one of the world’s leading shipbuilders, with its Ul…

The CMA CGM Group marks the maiden call of the CMA CGM NOTRE DAME in Singapore, a new-generation liquefied natural gas (LNG)-powered vessel and the largest containership currently operating under the French flag. Following the start of its maiden commercial voyage in Shanghai, China, the vessel is n…

“Access to innovation is no longer enough. Competitive advantage will be defined by how effectively we turn technology into safe, reliable performance at sea.” That was the message to the industry from John McDonald, ABS Chairman and CEO at Capital Link at the start of Posidonia, as he set out the u…

Drewry’s Intra-Asia Container Index (IACI) increased 5% to $1,008 per 40ft container. Intra-Asia Container Index assessment for 29 May 2026 • Drewry’s Intra-Asia Container Index (IACI), a weighted average of weekly spot rates across 18 major trade routes within Asia, increased 5% to $1,008 per…

The Strait of Hormuz has emerged as a potential vulnerability for global internet infrastructure, with threats to undersea fiber-optic cables raising concerns among major technology companies and investors, according to a note from Yardeni Research. Recent comments from Iran about imposing fees on i…

Hercules Tanker Management (“Hercules”) has announced the acquisition of five product and chemical tankers as part of its continued disciplined fleet expansion. The transaction includes: STI Madison (2014 LR2), STI Brooklyn (2015 MR2) and STI Black Hawk (2015 MR2) – acquired from Scorpio Tankers; an…

LNG The LNG spot market was relatively steady this week, with the Atlantic market holding firm while the Pacific experienced some tightening in vessel availability. Limited prompt tonnage in the East provided support to rates, although overall activity levels remained moderate across both basins. On…

Rates for shipping containers from east Asia and China to the US surged this week, rising by double-digit percentages, according to some analysts, while rates for liquid chemical tankers ex-the US Gulf softened as negotiations to extend the ceasefire in the Middle East conflict continue. CONTAINER R…

Lloyd’s Register (LR) is growing its role in the newbuilding market with the launch of its Newbuild Advisory Service and updated New Construction Guide. With global demand continuing to reshape shipyard orderbooks, owners are balancing a growing number of considerations during the planning phase of …

Survitec is warning shipowners and operators that port state control (PSC) detentions are becoming an increasingly predictable operational risk for global fleets, driven largely by deficiencies in safety systems, maintenance standards and onboard procedures. In a newly released white paper, In-port …

How to stop Russian drones flying undetected across the Black Sea to attack Ukraine's port city of Odesa? That was the problem facing Ukraine's military that Charles Maher set out to solve.

A day before crossing the Strait of Hormuz, an Indonesian seafarer aboard the Al Rayyan tanker published a picture of a rainbow cutting across the bow. “When the dream ship becomes reality,” he wrote on social media, thanking God for the blessing. Then the liquefied natural gas carrier switched off …

Arsenio Dominguez has consistently put seafarers high on the agenda and believes the current crisis in Hormuz is a chance to listen

Carnarvon Energy has contracted the Transocean Equinox semisub rig for a multi-well drilling program offshore Western Australia’s Bedout sub-basin. The campaign, set to begin in April 2027, is designed to evaluate the resource potential of key prospects, including Ara, Yuma, Goats Eye, and Hut…

The civil trial for compensation related to the destruction of the Key Bridge by the container ship is now pending a criminal trial

Dutch floater expert SBM Offshore and Norwegian vessel owner Solstad Offshore have formed a joint venture that has entered a letter of intent with a selected shipyard to order a newbuild multi-purpose deepwater installation and construction vessel. The new vessel, with a delivery set for the first h…

European shipping companies will not be forced to pay twice for carbon emissions under both European and International Maritime Organization regulations, European commissioner for sustainable transport and tourism Apostolos Tzitzikostas told delegates at the official opening of Posidonia 2026. Speak…

The shipyard lands massive Greek shipowner VLCC order worth nearly $1.47bn

A federal judge has postponed the long-awaited civil trial over the collapse of Baltimore’s Francis Scott Key Bridge after a series of late settlements resolved most of the remaining claims linked to the disaster. The trial, which had been due to begin this week and was expected to run for aro…

A Mediterranean Shipping Co (MSC) containership has been damaged by an explosion near Iraq’s Umm Qasr port in an incident that underscores the increasingly complex security environment facing vessels operating in the Gulf. The UK Maritime Trade Operations (UKMTO) reported that a cargo ship tra…

Chinese shipowner EGPN Bulk Carrier is continuing its push deeper into the tanker sector after placing an order for two MR product carriers at Chengxi Shipyard. Industry sources said the vessels are scheduled for delivery in 2029, adding to a growing tanker orderbook that marks a significant shift f…

The maritime industry struggles to attract the next generation of talent not just because of working conditions, but because it consistently tells the wrong story about itself. The latest installment from our brand new shipmanagement magazine that is being distributed across Posidonia this week. Pet…

Chinese tanker owner Huizhou Rongsheng Shipping is pressing ahead with fleet renewal and expansion plans after ordering four stainless steel chemical tankers at Ligong Shipbuilding (Ezhou), also known as WUT Guangda Shipbuilding. The deal covers two 25,900 dwt vessels and two smaller 13,000 dwt unit…

Global shipping has always been exposed to volatility. Schedules change. Routes shift. Ports become congested. Fuel costs rise and fall. New surcharges appear. Regulations evolve. Disruption in one region can...

Hong Kong-based Baozhou Shipping is expanding its container fleet with an order for up to four 2,700 teu feeder vessels at Chinese shipyards as regional boxship demand continues to support newbuilding activity. Industry sources said the owner has contracted two firm vessels plus two options through …

Davie Defense officially broke ground Monday on a massive modernization of Gulf Copper’s shipyard facilities in Galveston and Port Arthur, Texas, marking the start of what could become a $1...

A Panama-flagged containership has been damaged in what appears to be the third reported attack off Iraq since the outbreak of the U.S.-Iran conflict in late February, raising fresh concerns...

The European Commission may propose leaving the G7 price cap on Russian crude unchanged at its July review, in an effort to curb Moscow's windfall from the Iran war and the ensuing oil price shock, EU diplomats said on Monday.

A growing split is emerging within the global LNG carrier fleet as tightening European emissions regulations begin reshaping vessel economics, according to a new analysis from Wood Mackenzie.

Iran said it would halt talks with the US in protest for Israel’s expanded ground assault in Lebanon, escalating tensions as Washington and Tehran seek to reach an interim peace agreement.

French naval forces have intercepted and boarded another tanker linked to Russia’s so-called shadow fleet, extending a maritime enforcement campaign that has become one of Europe’s most aggressive efforts to...

The incident took place 40 nm from Umm Qasr in Iraq at 09:50 hrs UTC

The maritime industry has spent the better part of a decade debating whether autonomous ships represent genuine commercial progress or elaborately funded engineering theatre. That debate has not been entirely...

A recent U.S. court ruling orders the removal of key Trump-era tariffs, creating short-term relief for importers but raising new questions about future trade policy and supply chain stability. The post Trade War Update: White House to Challenge Half of All IEEPA Refunds appeared first on Freightos.

The first online ship trading platform of China, ShipBidNet, has launched the Maritime Asset Analytics (MAA) system, an AI-powered smart ship valuation system. According to the company, the MAA system integrates massive amounts of domestic and international ship trading data, authoritative industry …

The shipping agency has launched a US NVOCC service after it was granted a license by the FMC