As the global transition to electric vehicles (EVs) accelerates, the maritime industry faces a new type of safety challenge. The Maritime Technologies Forum (MTF), a coalition of flag states and classification societies, has sought to address these challenges in its...

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Capesize The Capesize market held broadly steady this week, moving within a narrow range as sentiment shifted between softer patches and bursts of firmer activity. In the Pacific, early caution prevailed despite multiple miners in the market, with C5 rates dipping...

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The optimization of cargo discharge operations (CDO) is a digital service developed by DNV to help tanker operators realize fuel and cost-saving potential when discharging cargo at terminals or ship-to-ship. Neglected in the past, when bunkering was inexpensive and...

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Digital transformation in offshore operations doesn’t begin with most advanced complex solutions —it starts with solving the everyday data access issues engineers face. Aize’s digital twin is doing just that for FPSO operators. Why Data Alone isn’t the Answer The oil...

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World oil supply will rise more rapidly than expected this year and next as OPEC+ members further increase output and supply from outside the group grows, the International Energy Agency said on Wednesday. Supply will rise by 2.5 million barrels per day (bpd) in 2025,...

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On appeal of an arbitration award, the Court has provided a detailed review of the application of the implied indemnity pursuant to clause 8 of the NYPE form charterparty. The background facts The claim arose from a trip time charterparty (Charterparty) entered into...

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