U.S. crude oil and distillate inventories rose last week, while gasoline stockpiles fell, the Energy Information Administration said. Crude inventories rose by 7.7 million barrels to 426.7 million barrels in the week ending July 25, the EIA said, compared with...

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Premiums for ESPO Blend crude oil loading from Russia’s Kozmino port in late August to early September for delivery into China have held firm as buyers seeking to meet robust demand ignore the threat of increased U.S. tariffs, four traders said on Wednesday. Trump...

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With its consistent environmental strategy, Hamburg Fleet has established itself as a driver of innovation, piloting and implementing solutions for low-emission shipping in Hamburg. The primary focus lies on electrifying the city’s fleet of vessels. However, not all...

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EcoNavis Solutions has secured its first commercial contract for the novel Eco Boss Cap, a proprietary energy-saving propeller hub cap introduced to the market last year. The fuel-saving, emissions-reducing hub will be retrofitted to a general cargo carrier operated...

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The shipping industry’s adoption of smart technology risks being undermined by the crew’s ability to understand the information they provide, according to a German diagnostics firm. Condition Monitoring Technologies (CMT), a provider of engine performance analytics...

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The UK’s sanctions on Russian ‘shadow’ tankers have generally been effective at reducing the overall volume of Russian crude that they have transported. However, many of these sanctioned vessels continue to operate and circumvent restrictions by delivering crude to...

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