Clean LR2 MEG LR2 freight rates climbed for the second week on week seeing the assessed TC1 rate for 75kt MEG/Japan rose 34.17 points to WS216. This moved the corresponding TCE up by $10,000 to $53,600/day on Baltic description round trip. A voyage west on TC20 90kt...

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Freight rates for tankers to ship Urals crude from Russia’s western ports to India have risen this month, as bad weather made fewer vessels available, disrupted loading and unloading and the cost of insuring for war risks increased, industry sources told. Drones...

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Mintra, a global leader in digital learning and workforce management solutions for the maritime and energy industries, today announced the appointment of Vassilios Demetriades as Global Ambassador, with a strategic focus on the Greek market. The appointment follows...

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SEA.AI, the leader in AI-powered maritime situational awareness, has announced a new partnership with Barnacle Systems, engineers of advanced vessel monitoring and fleet intelligence solutions, enabling secure recording, storage, and analysis of AI-detected maritime...

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Cargill today announced the maiden voyage of Brave Pioneer, the first of five green methanol dual-fuel dry bulk vessels chartered by the company. The deployment of the Brave Pioneer marks another important milestone in Cargill’s broader decarbonization efforts – one...

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Russia’s seaborne oil products exports in December were up by 17% from November at 9.069 million metric tons, driven by higher fuel output and a seasonal decline in domestic demand, data from industry sources and Reuters calculations showed. The oil products exports...

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