In the fourth quarter of last year, the annual performance of South Korea’s largest container shipping company HMM and bulk carrier operator Pan Ocean plummeted due to a slump in the shipping industry. According to financial information firm FnGuide on Jan. 8, the...

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A study published today in IOP Publishing’s journal Environmental Research: Infrastructure and Sustainability has found that green ammonia could be used to fulfil the fuel demands of over 60% of global shipping by targeting just the top 10 regional fuel ports....

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Middle East crude benchmarks Oman, Dubai and Murban extended gains on Monday as the arbitrage window for U.S. crude to Asia closed amid the widening Brent/Dubai spread and rising freight rates. The spread between Brent- and Dubai-linked crude pegged at $0.85 a barrel,...

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A wave of new supply of liquefied natural gas is set to hit global markets late this year, making 2024 potentially the last year of robust prices in one of Australia’s major export earners before a glut causes them to dive. The forecast from Bernstein Research – for a...

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China’s shipping industry saw robust growth in 2023, prompting shipowners around the globe to place orders, some of which have been scheduled for 2028. The increase in orders can be linked to China’s strengths in environmental protection, according to Li Hao, director...

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Seaspan Energy is celebrating the new year with the launch of its first of three 7600m3 LNG bunkering vessels, the Seaspan Garibaldi, named after Mount Garibaldi, or “Nch’ḵay̓” as the Squamish Nation has known it for thousands of years. This series of vessels will be...

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