Asia’s high-sulfur fuel oil (HSFO) market extended gains on Wednesday as stronger bids emerged, even as supplies to the East of Suez are unlikely to tighten in the coming weeks, with some tenders underway, traders said. Cash differential for 380-cst HSFO climbed to a...

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Costamare Inc. has appointed Peter Lund as Chief Commercial Officer. He is expected to take up his position with Costamare in October 2023. Mr. Lund is currently Vice President, Head of Chartering of A.P. Moller-Maersk in Copenhagen, and has worked for a total of 24...

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Prime Minister Narendra Modi Tuesday said the members of the Shanghai Cooperation Organization can work towards maximizing the utilization of the Chabahar Port following Iran’s membership of the world’s largest regional organization. “The International North-South...

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Shipping is responsible for 3% of global greenhouse gas emissions, far less than road transport. But its emissions are notoriously hard to abate and growing fast. Left unchecked, shipping emissions could grow to 130% of 2008 levels by 2050, according to the...

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The Baltic Exchange’s main sea freight index.BADI fell to its lowest in one month on Wednesday as weakness in steel and coal markets weighed on demand for capesize and panamax vessels. The overall index, which factors in rates for capesize, panamax, and supramax...

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