All 15 seafarers reported safe after the vessel was released near Garacad, Somalia, while security sources claim a ransom was paid

Extreme weather is becoming more common and disrupting shipping operations regularly: is it time that weather is considered as big a risk to business as sanctions or geopolitical conflict?

BIMCO argues division over key parts of the Net-Zero Framework of ‘such magnitude that convergence already by December seems challenging’

Lloyd’s List’s weekly showing of the data and figures behind our news, analysis and markets coverage

The strikes capped a week of escalating threats to merchant shipping, with at least nine commercial vessels targeted across the Middle East Gulf

Houthi forces have captured Yemen’s Red Sea port of Mokha and are reportedly advancing towards islands overlooking the Bab el Mandeb Strait, raising fears that the Iran-backed group could tighten its grip on a critical maritime chokepoint already disrupted by conflict and energy market turmoil