Samsung Heavy Industries has been hit by sanctions against Russia following the Russia-Ukraine war. The company’s order worth 4.85 trillion won (approximately $3.7 billion) from a Russian client before the war broke out was blocked by sanctions and the Russian client...

Read More

Posidonia 2024 has already gone down in history as the best-attended in the biennial event’s 55 years of existence, and organisers are already busy receiving enquiries and pre-registration applications for the next event, scheduled for 1-5 June 2026. Having broken all...

Read More

Labor talks at U.S. ports on the East Coast and Gulf of Mexico are a looming risk for retailers, manufacturers, and other shippers already grappling with longer transit times and higher costs. The International Longshoremen’s Association contract covering 45,000...

Read More

Kongsberg Maritime has unveiled its radical new ‘Super-Efficient Bulker’ vessel design concept. The new design is set to redefine industry standards, offering ship owners the means to meet stringent future compliance targets without abandoning conventional fuels. In...

Read More

Singapore fuel oil benchmarks were rangebound on Thursday, while onshore inventories recovered for a third straight week. Cracks for the Very Low-Sulphur Fuel Oil  (VLSFO) market held stable above $8 a barrel, though trade sources continued to eye the weakness in...

Read More

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, hit a near one-month high on Thursday, supported by higher rates across all vessel segments. The overall index, which factors in rates for capesize, panamax, and...

Read More