Russian crude exports fell 10% to a six-month low in May, according to tanker tracking data, after flows to India, its biggest customer, contracted from a recent surge to record highs and refining runs partly recovered from Ukrainian attacks. Crude shipments from...

Read More

Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, today announced that, through a separate wholly owned subsidiary, it has entered into a time charter contract with Aramco Trading Fujairah FZE (“Aramco” or the...

Read More

Iron ore futures prices extended their decline to a fifth straight session on Wednesday, pressured by faltering steel demand and expectations of high shipments to top consumer China in June. The most-traded September iron ore contract on China’s Dalian Commodity...

Read More

ABB has introduced a new feature to its Routing Services portfolio that will allow vessel owners to manage fuel costs on a through-voyage basis by optimizing vessel optimal route and speed at the same time. As the first solution in the market equipped to optimize...

Read More

Business continued to flourish on the floor of the Metropolitan Expo Centre on the second day of Posidonia 2024, with numerous new deals and agreements as the maritime community gathered in the Greek capital, as it does every two years, for the world’s largest and...

Read More

Parts of the river Rhine in South Germany were still closed to cargo shipping on Wednesday after heavy rain in the region increased water levels, navigation authorities said. Rhine river shipping stopped around Maxau and Mainz in South Germany, the German inland...

Read More