A joint UK-EU project to develop retrofit carbon capture solutions and other technologies for ships to reduce their emissions and fuel consumption has got underway. Although existing waterborne vessels provide the lowest contribution to the total European transport...

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During the COVID-19 pandemic, liner operators increased the average sailing speed by up to 4% due to strong demand and widespread port congestion. Today, the situation is very different and in the first quarter of 2023 the average sailing speed has slowed to 13.8...

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Asia’s imports of liquefied natural gas (LNG) fell in April as major buyers China and Japan trimmed purchases, offsetting small gains among South Asian countries. The total volume of the super-chilled fuel imported was 20.86 million tonnes in April, down from March’s...

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The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, edged up on Wednesday, supported by stronger capesize vessel rates. The overall index, which factors in rates for capesize, panamax, supramax and handysize...

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Scorpio Tankers announced a strong set of first quarter results, doubling its revenue and returning to profit in the first three months of 2023. Profit of $193.2m in the first quarter 2023 compared to an $84.4m loss in the same period last year. Time charter...

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“In 2022, demand growth for multipurpose vessels slowed significantly, while fleet capacity increased,” Susan Oatway says when summarising the breakbulk and project cargo year 2022. As a result of that combination, rates fell from the end of the first...

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