Maritime News
Latest updates from the maritime industry
3835 articles found
TeraWatt Technology Secures Series C Funding to Accelerate Next-Generation Battery Deployment
Battery technology developer TeraWatt Technology completes Series C funding round with strategic partnerships aimed at accelerating deployment of advanced battery systems, signaling growing momentum in zero-emission maritime technologies.
By MGN Editorial
Shipping Industry Remains Cautious Despite US-Iran Hormuz Ceasefire
A tentative two-week ceasefire between the US and Iran has opened the possibility of movement through the Strait of Hormuz for over 800 trapped vessels, yet major carriers like Maersk remain hesitant to resume normal operations pending clarity on security protocols and transit guarantees.
By MGN Editorial
Norwegian Offshore Energy Infrastructure Accelerates with Major Gas Study and Record Subsea Cable Installation
Norway advances major offshore energy projects as the Norwegian Offshore Directorate expedites development of a major untapped gas discovery, while Nexans sets a world record installing a 420 kV subsea cable at 530 meters depth.
By MGN Editorial
Shipping Market Cautiously Eyes Persian Gulf Exit as Iran-US Ceasefire Lifts Strait of Hormuz Closure
Following a two-week ceasefire between the United States and Iran and partial reopening of the Strait of Hormuz, shipping operators are preparing to extract trapped vessels from the Persian Gulf while energy markets grapple with ongoing supply chain disruptions. The geopolitical uncertainty is fueling strong shipbuilding demand, particularly for tanker capacity.
By MGN Editorial
Capricorn Energy Takeover Deadline Extended as Saudi Bidder Pursues UK Oil & Gas Acquisition
UK-listed Capricorn Energy has extended the deadline for a potential takeover offer from Saudi Arabia's Cafani Group, signaling ongoing negotiations for control of the independent oil and gas exploration and production company.
By MGN Editorial
Middle East Conflict Triggers Historic Strait of Hormuz Disruption; Iran, Oman Plan New Transit Fees
Transits through the critical Strait of Hormuz have plummeted 90% due to ongoing Middle East conflict, with Iran and Oman planning to charge passage fees as part of a ceasefire framework. The disruption is already driving secondary effects across global shipping, including surging bunker demand in India.
By MGN Editorial
South Korean Shipbuilders Surge Ahead: Market Share Gains Amid Profitability Boom
South Korea's 'Big 3' shipbuilders are capturing increasing global market share and posting record profitability as they focus on high-value vessel types, narrowing the competitive gap with China.
By MGN Editorial
India's Major Ports Exceed Cargo Targets with 915 Million Tonnes Handled in FY 2025-26
India's major ports delivered strong performance in the fiscal year ending March 2026, handling 915.17 million tonnes of cargo—exceeding targets and posting 7.06% year-on-year growth.
By MGN Editorial
Strait of Hormuz Reopens Under Two-Week Ceasefire Agreement Between U.S. and Iran
A ceasefire agreement between the Trump administration and Iran has restored operations through the Strait of Hormuz, a critical chokepoint handling 15% of global oil and 20% of global LNG supply flows.
By MGN Editorial
Marine Insurers Maintain Caution Despite US-Iran Ceasefire Agreement
A last-minute ceasefire between the US and Iran brings temporary relief to Gulf shipping, but marine insurers warn that heightened risks and elevated insurance costs will persist for months.
By MGN Editorial
NKT Eleonora Cable-Laying Vessel Reaches Major Construction Milestone
NKT's new cable-laying vessel (CLV) NKT Eleonora has launched its hull, marking a significant advancement in the specialized vessel's construction and signaling growing investment in offshore cable infrastructure.
By MGN Editorial
Freight Industry Faces Mounting Pressures: Bankruptcy and Security Challenges
A California drayage carrier enters bankruptcy amid rising operational costs while a Texas cargo theft incident reveals vulnerabilities in freight security networks.
By MGN Editorial
Global Nonprofit Greater Good Charities Marks $1.1B Impact Milestone Across 121 Countries
Greater Good Charities announced significant impact achievements in its 20-year report, with particular relevance to environmental and ocean conservation initiatives affecting the maritime industry.
By MGN Editorial
Shipping Market Signals Mixed as Container Orders Surge and Dry Bulk Rates Rise
Non-operating owners have tripled their container ship orderbook despite a six-year contraction, while the Baltic Dry Index climbs to 2139, signaling increased demand across shipping segments.
By MGN Editorial
Maersk Suspends Jebel Ali Calls, Restructures Mesawa Service to Bi-Weekly Schedule
Maersk has suspended Jebel Ali port calls on its Mesawa service linking South Africa, islands, and the Indian subcontinent due to political tensions, consolidating the route to bi-weekly sailings with five vessels and rerouting UAE traffic through transshipment.
By MGN Maritime Journalist
Maersk Formalizes Seal Replacement Procedure at Indonesia Depots
Maersk has introduced standardized seal replacement guidelines for its dedicated depots across Indonesia, requiring customers to submit documentation and pay IDR 160,000 per container.
By MGN Maritime Journalist
CBP Launches April Recruitment Drive for Port and Border Officers
U.S. Customs and Border Protection is recruiting thousands of officers and agents, including positions critical to port security and maritime cargo screening.
By MGN Maritime Journalist
CBP Intercepts $1.3M in Narcotics at Laredo Land Ports, Underscoring Border Security Role in Supply Chain Integrity
U.S. Customs and Border Protection officers seized over $1.3 million in methamphetamine and cocaine in back-to-back enforcement actions at Laredo's major land ports of entry. The seizures highlight ongoing challenges in screening cross-border cargo amid legitimate trade flows.
By MGN Maritime Journalist
Maersk Raises Emergency Contingency Surcharges on India-Europe Routes
Maersk announced increases to Emergency Contingency Surcharges (ECS) on Indian Subcontinent to North Europe and Mediterranean routes effective April 6, 2026, as the carrier adjusts pricing amid ongoing supply chain pressures.
By MGN Maritime Journalist
Trump Administration Signals Intent to Secure Greater Control Over Strait of Hormuz
President Trump stated the U.S. has the capability to open the Strait of Hormuz with additional time, as his administration seeks rapid resolution to escalating tensions with Iran. The strategic waterway remains critical to global energy and maritime trade.
By MGN Editorial