A Danish-owned vessel that was boarded by pirates in the Gulf of Guinea on Saturday was spotted about 540 miles further off shore on Tuesday, according to a maritime cooperation centre monitoring security in the area. The Liberian-flagged oil and chemical tanker...

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The ongoing shift in refined products trade patterns is likely to strengthen the demand for products in 2023, maintaining attractive vessel earnings. Europe’s efforts to displace Russian refined products are proving to be positive for the product tanker market since...

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Wartsila is seeing a potential role for ethanol in the shipping industry’s multi-fuel future, with shipowners struggling to find suitable future fuels to reduce greenhouse gas emissions from their operations, according to a company official. Mikael Wideskog,...

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Container shipping rates are not back to normal quite yet. Trans-Pacific rates have returned to pre-COVID levels, but pricing in trans-Atlantic markets has not. Spot container rates from Europe to the U.S. — while falling — are still more than twice pre-pandemic...

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Triggered by overcapacity, lower freight rates and the new carbon regulations expected this year, numerous container ships will be sold for scrapping in the near future. In light of this foreseeable surge in the number of discarded box ships, the NGO Shipbreaking...

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Asia’s cash premium for very low sulphur fuel oil (VLSFO) fell for a third consecutive session on Wednesday, weighed by a lacklustre downstream bunker market, while incoming supplies remained steady. Singapore’s spot 0.5% VLSFO premium (MFO05-SIN-DIF) dropped to $6.45...

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