While pockets of resilience might be emerging, the International Monetary Fund predicts that the global economy will slow further in 2023 in what it describes as “subpar” economic growth. In its World Economic Outlook Update, the IMF said that while the fight against...

Read More

MR secondhand sales have dominated the Tanker sale and purchase sector so far this year, accounting for 35% of Tanker sales. Unlike the crude markets that saw record highs in the run up to the 5th December sanctions on Russian oil, before the February sanctions on...

Read More

The Baltic Exchange’s main sea freight index edged higher on Friday but declined for the seventh straight week on lower demand for larger vessels, while the capesize segment marked its worst weekly drop in nearly six months. The overall index, which factors in rates...

Read More

Swiss marine power company WinGD has launched a pilot project for a new engine diagnostics solution that is tailored to greatly simplify engine maintenance for crew and fleet managers. The enhancement to WinGD’s engine monitoring and remote support platform, WiDE...

Read More

The pioneering project is a first for ocean-going vessels to date and aims to pave the way for industry-wide adoption Eastern Pacific Shipping (EPS) has announced the successful installation of Value Maritime’s (VM) Filtree system onboard its managed vessel M/T...

Read More

Singapore-flagged tanker Maersk Magellan is looking for another location after being stopped from entering a Spanish port over an earlier oil transfer, its Danish operator Maersk Tankers said on Thursday. Spain’s northeastern Tarragona port on Feb. 10 refused entry to...

Read More