Readout from UCL Shipping and Oceans Research group shows IMO’s Intersessional working group on GHGs has made good progress on a range of important debates and guidelines, that all relate to the implementation of the IMO’s Net Zero Framework (NZF). If adopted, these...

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The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned China-based independent teapot refinery Hengli Petrochemical (Dalian) Refinery Co., Ltd. (Hengli). China-based independent teapot refineries continue to play a vital role in...

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U.S. naval forces intercepted a sanctioned vessel called ’Sevan’ in the Arabian Sea on Saturday, in a move tied to the Trump administration’s campaign to block Iranian energy exports, U.S. Central Command said. The vessel was halted by a helicopter deployed from the...

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Clean LR2 The TC1 75kt MEG/Japan index held in the mid to high WS120’s this week. A voyage west also saw the TC20 90kt MEG/UK-Continent index climb to $10.78 million (+$250,000). The TC15 80kt Mediterranean/East index dropped by $250,000 to $11.15 million this week,...

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IMO Secretary-General Arsenio Dominguez has called on all Member States to support efforts to address the situation in the Strait of Hormuz, where around 20,000 seafarers remain trapped and unable to leave. In an informal briefing to Member States and industry...

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