Port cities from the Asia-Pacific region convened in Yeosu — a dynamic port and industrial hub of the Republic of Korea — during UNFCCC Climate Week and Korea Green Transition International Week (K-GX). Hosted by ICLEI – Local Governments for Sustainability in...

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Widening spreads between high and low costs for shipping containers on various trade lanes indicates uncertainty on both sides of the trade, largely because of the war in the Middle East, a market analyst said. Lars Jensen, president of consultant Vespucci Maritime,...

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Reopening optimism has softened crude prices, but flows through Hormuz remain constrained, keeping underlying prompt tightness intact. Atlantic Basin differentials are starting to ease on weaker refinery demand and reopening expectations, though downside should be...

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Governments made progress on finalising technical elements in the Net-Zero Framework (NZF), the world’s first global carbon pricing on any polluter, at working group negotiations (ISWG-GHG-21) on 20-24 April in London. The International Maritime Organization (IMO)...

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ClassNK has issued an Approval in Principle (AiP) for a Liquified CO₂ carrier installing the ‘Wind Challenger,’ a hard sail wind propulsion system. The ship is jointly developed by Mitsui O.S.K. Lines, Ltd. (MOL) and Samsung Heavy Industries Co., Ltd. (SHI). The AiP...

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Mining company Rio Tinto has entered into an agreement to charter two methanol dual-fuel newbuild vessels from Japanese bulk operator NS United Kaiun Kaisha (NSU). Each bulk carrier will have a capacity of 209,000 dwt and will be designed to operate on both methanol...

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