US Treasury Sets Cure Period Before Iran Banking Sanctions
Washington has signalled secondary sanctions on foreign banks working with five Iranian sectors including shipping, but is allowing a cure period for self-correction.
Avenir LNG launches first vessel in latest newbuilding programme
Avenir LNG has launched Avenir Ambition, the first vessel in its newest newbuilding programme, as the company continues to grow its small-scale LNG carrier fleet.
Panama Canal profit rises 19% as authority braces for a severe El Niño
The Panama Canal Authority reported a 19 percent rise in profit for the first nine months of its fiscal year, even as it prepares for a sharply increased risk of a severe El Niño event.
Global ship finance market rebounds to an estimated $680 billion
Global bank lending to shipping grew in 2025, led by expanding Scandinavian and Greek portfolios, with the wider ship finance market reaching an estimated $680 billion.
Independent tests validate Norsepower's rotor-sail performance monitoring
A six-month independent evaluation has validated Norsepower's proprietary force-measurement technology for rotor sails, among the first third-party checks of continuous wind-propulsion performance monitoring.
Iran's Revolutionary Guard says ships were hit after taking an unsafe route through Hormuz
Iran's Revolutionary Guard says two ships were hit after taking an unsafe route through the Strait of Hormuz.
Long Beach lined up as a US testbed for nuclear-powered shipping
A US federal maritime agency will explore small modular reactors for ships and ports with the Port of Long Beach.
Shipping in the Sea of Azov halts after drone strikes
Shipping in the Sea of Azov has been halted following drone strikes, with officials giving no indication of when transit will resume.
US tells Iran to declare Hormuz open and halt ship attacks
The United States has told Iran it must publicly declare the Strait of Hormuz open and pledge to stop attacks on commercial vessels.
NYK signs digital-transformation pact with Microsoft Japan
NYK has signed a strategic framework deal with Microsoft Japan to accelerate digital transformation across its shipping and logistics business.
Bank ship finance climbs back above $300bn
Global bank lending to shipping rose above $300bn in 2025, with the top 40 banks up 6% and Greek lenders posting the biggest gains, Petrofin says.
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