Brussels-headquartered data and analytics group Kpler has bolstered its presence in the maritime space with the acquisition of ship tracking companies MarineTraffic and FleetMon, the company said on Wednesday. Tracking the movement of ships has become an integral part...

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Cyprus is speaking to other European Union member states to shore up support for the shipping industry hit by sanctions on Russia, its shipping minister said. Cyprus has the third-largest shipping fleet in the EU after Malta and Greece. It has seen defections, or...

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Russian diesel is still in play along various trade routes despite G7 and EU price caps that started Feb. 5, executives with clean and chemical tanker owner and operator Ardmore Shipping said Feb. 14. The refined product tanker market saw a buying spree of diesel...

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Clean In the Middle East Gulf, LR2s have been leading the charge this week with consistently firming sentiment throughout. TC1 has surged 59.94 points to WS184.38 (a 48% rise) and a TC20 run west climbed $917,000 to $4,550,000. LR1s have been following their larger...

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Capesize There was an overriding negative sentiment in the sector this week as the Cape 5TC average fell from $4,432 to $2,246 on Friday. This was largely led by the Atlantic and a number of fixtures are down significantly. However, it was also due to a lack of...

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The current situation in the global shipping industry is complex, as container rates are experiencing a significant decline, with contract rates moving closer to spot rates. This trend is evident in different regions, such as China and Southeast Asia, despite the...

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