Global law firm Reed Smith hosted a Carbon Markets event on the European Union Emissions Trading System, in which a panel of regulatory, environmental, and shipping lawyers delved into compliance, emission allowances, the extension to maritime, and the next phase –...

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The Baltic Exchange’s dry bulk sea freight index extended gains for an eighth straight session to touch 1-1/2 month peak on Tuesday, buoyed by climbing rates across all segments. The overall index, which factors in rates for capesize, panamax and supramax shipping...

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Rates for the use of the ships most commonly used for carrying crude oil around the world are up to their highest level since November 2023. The rates for Very Large Crude Carrier (VLCC) were up 3.5 per cent month-on-month to $48,171/day in February, according to data...

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At the forthcoming second meeting of the Joint ILO-IMO Tripartite Working Group to Identify and Address Seafarers’ Issues and the Human Element (27-29 February 2024), participants will discuss the follow-up of the resolution on harassment and bullying including sexual...

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Europe’s gas consumption in 2023 fell to its lowest level in 10 years as countries scale up efficiency measures and renewables deployment. In the two years since Russia’s full-scale invasion of Ukraine, gas demand has declined by 20% across the continent. The latest...

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Singapore’s cash premium for very low sulphur fuel oil (VLSFO) extended declines for a fourth straight session as of Monday, weighed by ample inventories and seasonally lower demand for marine fuel in February, industry sources said. The product traded lower...

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