Turkish officials are reporting that a search and rescue operation is underway in the Mediterranean after a small, general cargo ship, sunk in a storm. The Turkish Coast Guard and state-run Anadolu Agency are reporting that one body was recovered from the water, while...

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The UK’s largest offshore oil and gas player, Harbour Energy, has announced that it will be laying off up to 350 people in response to the British government’s 75 percent windfall tax on E&P profits.  “As a result of the energy profits levy...

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In an effort to meet its customers’ end-to-end logistics needs, A.P. Moller – Maersk (Maersk) introduces two new air freight services with regular flights linking the Unites States with China. Maersk´s new customer-backed air corridor is expected to plug a...

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Vitol’s Singaporean bunker operations company, V-Bunkers, has today announced that they will be taking delivery of its first electric-hybrid bunker tanker, MARINE CHARGE. Classed by Bureau Veritas (BV), a world leader in testing, inspection and certification, the...

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Lloyd’s Register has acquired a 50% interest in ISF Watchkeeper, the leading work and rest hours compliance software solution from IT Energy Systems and Consulting Limited. The acquisition will result in LR becoming a joint owner of ISF Watchkeeper with the...

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As seaborne Ukrainian grain exports via the Black Sea are stabilizing at above-average levels and shipment size exhibits positive momentum, traders’ and shipowners’ views are reported to diverge in the freight markets and Black Sea grains see turbulent trading. The...

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