The International Maritime Organisation’s (IMO) Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships [1] will enter into force in June 2025 as major flag state Liberia and the Government of Bangladesh, heavily pushed by Japan...

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Humanity is in dangerous waters on climate,” UN Secretary-General António Guterres said in a video message at the start of MPEC’s latest session. “Science tells us it is still possible to limit global temperature rise to 1.5 °C, but it requires an immense and...

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  Okeanis Eco Tankers Corp. announced the closing of a new $113 million senior secured credit facility (the “Facility”) provided by ABN AMRO BANK N.V., to refinance existing indebtedness at significantly improved terms, in line with the Company’s strategy toward...

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Brazil’s oil production rose 1.9% in May from the previous month to 3.2 million barrels of oil per day, which also represents an 11.2% jump year on year, data from oil regulator ANP showed on Tuesday. Natural gas output in the country, meanwhile, was up 2% from April...

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The Baltic Exchange’s main sea freight index on Tuesday fell to its lowest level in nearly four weeks, pressured by a dip in the larger capesize and panamax vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels...

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