India’s Recycling Market Gains Momentum

Wirana Shipping has identified improving steel demand in India as an encouraging sign for the country’s ship recycling market, while slower demand and financing pressures continue to weigh on Bangladesh.The latest Market

U.S. Containerized Imports from China Rose 7.2% in July

Descartes Systems Group has released its August Global Shipping with figures indicting that July 2026 U.S. container import volumes increased 4.5% over June to 2,508,310 TEUs, reflecting typical month-over-month seasonal growth.July U.S.

Australian Navy Launches Indigenous Action Plan

The Royal Australian Navy is reaffirming its commitment to reconciliation and strengthening partnerships with Aboriginal and Torres Strait Islander peoples with the launch of a new five-year plan.Launched on the International Day

Oil Prices Rise 3% as Iran Demands US Cooperation

Oil prices jumped 3% on Monday after Iran said the U.S. must lift sanctions on Tehran, pay reparations and meet a number of other conditions before the Strait of Hormuz is reopened.Brent crude futures

Maersk Training Sold to OpenGate Capital

A.P. Moller - Maersk (Maersk) has entered into an agreement to sell Maersk Training and its subsidiary Maersk H2S Safety Services to Open Gate Capital, an industrial, corporate carve-out specialist. The agreement remains

Oil Spill from Sanctioned Tanker Spreads Rapidly

An oil slick is covering an area of around 390 square kilometres (150 square miles) off the coast of Oman, the country's government said on Monday, after a vessel under sanctions and

ITLOS Ruling: A Landmark Defense of Freedom of Navigation

In the largest penalty the International Tribunal for the Law of the Sea (ITLOS) has ever levied, a Special Chamber ruled unanimously against Equatorial Guinea on May 27, 2026, ordering it to

Sharks Fitted with Sensors to Help Hurricane Predictions

From the killer shark of "Jaws" to the tornado-tossed predators of the "Sharknado" movies, films long have portrayed sharks as objects of summer fear. But when a shark cuts through the waters

OPEC Oil Output Rises in July as Gulf States Restore Operations

OPEC oil output rose further in July, a Reuters survey found, as Gulf members restored supplies that were shut due to the Iran war and effective closure of the Strait of Hormuz.Output