In recent times, Alang has seen a major push for the development of ship recycling yards, beyond the regulatory or classification society requirements. This development has come across as and from the shipowner’s specific requirements for recycling of their own ships....

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The spot cash premium for very low sulphur fuel oil (VLSFO) in Asia fell for a third consecutive session as more supplies are set to hit the East in the coming weeks. Kuwait’s Al Zour has offered 120,000 tonnes of 0.5% VLSFO for loading between March 7 and 8, in a...

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The decarbonization of international shipping is a priority for IMO and by mid-2023, the organization aims to have in place a revised and strengthened Strategy on Reduction of GHG Emissions from Ships. A new IMO project aims to provide an assessment of the state of...

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The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell to a near three-year low on Tuesday on capesize’s worst single-day drop in nearly six months. The overall index, which factors in rates for capesize, panamax and...

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EuroDry Ltd., an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced its results for the three and twelve-month periods ended December 31, 2022. Fourth Quarter 2022 Highlights: Total net revenues of $15.1...

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BMS United Bunkers, Bunkernet, and SBI bunkering BV, leading marine fuel supply companies, today announced that they have entered into a definitive merger agreement to create Baseblue, an industry leader in marine energy solutions. This merger of equals will result in...

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