The chief executive of Maersk, one of the world’s largest shipping companies, said last week that one of its commercial vessels was able to successfully pass through the Strait of Hormuz thanks to a “very well executed mission” by the U.S. Navy. Maersk confirmed...

March marked the first positive trend in schedule reliability since the start of the year, but these developments should not be taken at face value. Global on-time performance rose sharply from 27% to 36% of on-time arrivals after 4 consecutive months of deterioration...

Indian conglomerate Thermax plans to develop a bio-methanol production plant at Deendayal Port (Kandla) in Gujarat, India, targeting future bunkering demand. The facility is initially expected to produce around 5 mt/day of bio-methanol and has a planned annual...