The prospect of a favourable deal from Eastern Pacific; pressure from cargo interests keen to see a portion of LNG in the fleet; and a pro-LNG stance from MSC’s chief executive Søren Toft appear to have been enough to convince MSC chairman Gianluigi Aponte that a limited LNG-fuelled portfolio represents a pragmatic bet

Fujairah International Oil & Gas Corp told the US District Court for the District of Columbia that the US government seized the property ‘while subject to coastal state authority in a foreign nation (UAE) aboard a foreign-flag vessel and while subject to a supply contract governed by UAE law.’

The Suez shutdown exposed the fragility of global supply chains, but what about other black swan events that could potentially buoy or sink a market? This month’s market outlook offers a maritime edition of the classic board game snakes and ladders, where the team roll the dice and consider the long list of market ‘what ifs’ that will ultimately determine the fate of maritime markets more than any traditional notions of supply and demand forecasting

Updated March 28, 22:30 BST: Repeated attempts to re-float the grounded Ever Given over the weekend have failed as salvors struggle with rock under the ship’s bow. Meanwhile, Maersk has warned of higher short-term spot rates and told customers to expect months of disruption

One of the world’s largest containerships wedged athwart the Suez Canal has offered the shipping industry a timely reminder that super-sized ships can create super-sized problems, argues Allianz head of global marine risk

The queue of traffic waiting to transit the Suez has grown significantly overnight, with over 200 vessels now stuck due to the blockage. Market rates are reacting as owners start to re-route tonnage