Sanctioned product tanker Virat and shadow fleet crude oil tanker Kairo were hit by naval drones, Ukrainian security services confirmed

The security dynamics in the Red Sea may have changed, but analysis of vessel-tracking data reveals this has done little to reassure the majority of those that diverted to the Cape of Good Hope in the early days of the crisis

Vessel traffic has partially resumed at Houthi-held Al Salif port, with a new ship arriving on Saturday for the first time since early May

Against the odds, Greece’s three largest shipyards are all under dynamic management and are looking to grow — but they face plenty of challenges, too

Spot rates still down year on year, but gap narrowing for transpacific trades; Israeli officials estimated the May 16 air strikes would cripple Al Saleef and Hodeidah for a month; In near term, upside seen from Opec+ production increases; in longer term, demand may not keep pace with supply

‘We must plan for the worst’ says Swedish prime minister as government raises concerns that shadow fleet is circumventing international rules and threatening safety

Russia and North Korea have ramped up the flow of maritime trade amid increased demand for bulk cargos of munitions

In the weeks following the Israeli air strikes against Houthi-controlled ports of Al Salif and Hodeidah, vessel traffic has slowed to its lowest levels in the past 17 months, but not stopped completely

Increased naval patrols has turned the Gulf of Finland into a testing ground for how far Russia and Baltic coastal states will go in pursuit of shadow fleet interventions

Egypt’s foreign minister tells Lloyd’s List that Red Sea security dynamics have materially changed and shipping can now navigate with greater confidence