Chinese traders said they have seen improved efficiency of customs clearance and smoother logistics, as Chinese customs authorities vowed to step up the orderly reopening of border ports and ensure smooth customs clearance following the country’s optimized COVID-19...

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Residual fuel oil stocks at key trading hub Singapore climbed by 7% week-on-week to hit a six-week high amid a rise in weekly net imports, official data showed on Thursday. Onshore fuel oil stocks were at 21.40 million barrels (3.37 million tonnes) in the week ended...

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A consortium comprising Shell, TECO 2030 and some others has finalized a grant agreement with the EU to retrofit a handysize product tanker with a hydrogen fuel cell system. In a statement Dec. 21, Oslo-listed TECO 2030 said the 18,600-dwt ship will be installed with...

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The Baltic Exchange’s dry bulk sea freight index fell on Thursday, marking its biggest one-day percentage loss in five weeks, as demand waned across all segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying...

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New regulations signed this month will reinforce the Government’s commitment to supporting UK seafarers. The new rules, which come into force in January, will improve the regulatory regime for seafarer training, complementing the Department for Transport’s nine-point...

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