BHP and the Global Centre for Maritime Decarbonisation (GCMD) have blended biofuels from two distinct feedstocks—used cooking oil and waste animal fats —and introduced the lower-emissions marine fuel into a BHP-chartered bulk carrier as part of a pilot project. The...

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The European Union has put forward a proposal for its Aspides naval mission to assume “the primary role” in clearing mines in the Strait of Hormuz “when conditions allow” as part of a Franco-British-led initiative, according to a Reuters report Wednesday citing an...

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As the European Commission is currently working on reviewing technical guidance for third-country shipbreaking facilities, the NGO Shipbreaking Platform, EUROFER and Recycling Europe call for a clear ban of beaching and landing methods and the guarantee of a real...

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Global tanker markets faced widespread downward pressure in late May. VLCC, Suezmax, and Aframax freight rates across key routes declined due to structural oversupply and influxes of ballast vessels. While Cross-Med Aframaxes and MEG-Japan LR2s managed to trade flat...

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Geopolitical conflicts have pushed up vessel earnings while creating obstacles for shipping companies in crewing and making mid- and long-term investments, several shipowners said. Freight rates in various sectors have risen as Iran seized control of the Strait of...

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Achilles, supply chain risk management experts, announces that Northern Marine Group has joined the Achilles network to enhance its supplier prequalification, governance, and compliance capabilities. Northern Marine Group, part of the Stena Group, delivers world-class...

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