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6 World’s Most Famous Coral Reefs

We all have seen amazing and colorful corals mostly on Discovery or National Geographic Channel. Some of us would have seen them live while visiting holiday destinations or enjoyed some water sports. Through this new series, we will explore 6 of the world’s most...

Venezuela’s oil tankers at risk of sinking, fires, spills, report finds

More than half of the 22 oil tankers in Venezuela’s fleet are so run down that they should be immediately repaired or taken out of service, according to an internal report from state-run oil company PDVSA that was shared exclusively with Reuters. “The ships currently...

Shipping lobby group advises caution on climate targets

An influential shipping industry group has quietly warned shippers to think carefully before they sign up for a new plan to reduce pollution and eventually eliminate their contribution to climate change. The International Chamber of Shipping represents four fifths of...

Good news for shipowners as VLCC Inter-Atlantic trade remains strong

It’s clear that trading patterns for VLCCs have changed significantly over the last 12 months. European oil markets have seen a clear shift away from Russian crude since the start of the Russia-Ukraine conflict. Official sanctions by the EU on Russian crude in place...

Baltic index slips on weaker panamax, supramax rates

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Thursday, pressured by lower rates for panamax and supramax vessels. The overall index, which factors in rates for capesize, panamax and supramax shipping...

6 World’s Most Famous Coral Reefs

Venezuela’s oil tankers at risk of sinking, fires, spills, report finds

Shipping lobby group advises caution on climate targets

Good news for shipowners as VLCC Inter-Atlantic trade remains strong

Baltic index slips on weaker panamax, supramax rates

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