The Caravel Group (“Caravel”) and Celsius Tankers (“Celsius”) announce the formation of a strategic joint venture to co-own and operate a new fleet of high-specification LNG bunkering vessels. This initiative marks a significant milestone in The Caravel Group’s...

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OceanScore today announced the launch of the OceanScore Pool-Price Index (OPX), the maritime industry’s most comprehensive benchmark for tracking FuelEU pooling prices. Published monthly, the OPX reflects the average cost of compliance surplus in euro per ton of CO2e,...

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Spot benchmarks for fuel oil were steady amid thin trading on Monday, with bids and offers fluctuating in a tight range. Singapore’s cash differential for very low sulphur fuel oil (VLSFO) was pegged at $1.80 a metric ton, capped by largely tepid demand. Downstream...

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Russia, Iran and Venezuela — all under various US and EU sanctions targeting their energy exports — are increasingly sharing the same pool of vessels to maintain their overseas oil sales, aided by an emerging class of shipping companies controlled by shadowy...

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The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, was mostly unchanged on Monday as gains in capesize countered weakness in panamax. The main index, which tracks rates for capesize, panamax and supramax shipping...

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The U.S. tariff exemption for package shipments valued under $800 ended on Friday, raising costs and disrupting supply chain models for e-commerce companies, small businesses using online marketplaces and consumers alike. The U.S. Customs and Border Protection (CBP)...

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