Russia’s oil shipping costs to Asia from its main Baltic ports eased in early 2024, despite security concerns in the Red Sea, winter weather and rising scrutiny over the limits of a price cap imposed by the West, oil traders and shippers told Reuters. According to two...

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The Baltic Exchange’s dry bulk sea freight index on Monday extended its losing run to a four-month trough as rates declined on seasonal demand weakness even as Red Sea disruptions kept market participants on edge. The overall index, which factors in rates for...

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Be aware: Costly liquid cargo contamination can arise when the last cargo onboard is coconut oil, palm oil, or other edible oils. Gard has handled several liquid cargo contamination claims arising from previous cargo residues. These claims can be significant, not only...

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Plaquemines Port Harbor and Terminal District (Plaquemines Port) proudly announces the execution of a letter of intent with APM Terminals (APMT) to build a state-of-the-art container terminal on the West Bank of Plaquemines Parish, Louisiana. APMT is one of the...

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MAN Energy Solutions and Karpowership have signed a contract for the delivery of a total of 48 dual-fuel engines for Karpowership’s fleet of power plant ships (Powerships). The engine order consists of MAN 18V51/60DF dual-fuel engines with a mechanical output of 20.7...

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