The Cyprus Shipping Chamber (CSC) recently announced that it welcomed the adoption of the Net-Zero Industry Act proposal by the European Parliament. As explained by the European Commission, the Net-Zero Industry Act (NZIA), first proposed on March 16, 2023, aims to...

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Patrick Pouyanné, Chairman and CEO of TotalEnergies, a SEA-LNG Member, and Mr. Mulham Basheer Al Jarf, Chairman of OQ, the Oman National Oil Company, have announced the Final Investment Decision (FID) of the Marsa LNG project in the Sultanate of Oman. The pioneering...

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The Baltic Exchange’s dry bulk sea freight index fell on Monday, hurt by weaker demand across all vessel segments, with rates for capesize vessels hitting its lowest level in nearly three months. The overall index, which factors in rates for capesize, panamax and...

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Belships has entered into an agreement to divest its stake of 50 per cent in Lighthouse Navigation Pte Ltd against a cash consideration which will be paid to Belships over the next 15 months. As part of the transaction, Belships has acquired 33 per cent of the shares...

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Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with ASL Bulk Shipping Limited, for...

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A ship controlled by U.S.-sanctioned Russian shipping giant Sovcomflot (SCF) discharged fuel oil at a western Indian port on Friday, two sources familiar with the matter said, indicating a resumption in the use of SCF vessels to supply Moscow’s key market after a...

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