The tanker market has been impacted heavily by the US policies during the first half of 2025. In its latest weekly report, shipbroker Gibson said that “almost every year since 2020 has been a rollercoaster ride, and the first six months of 2025 were no different with...

Read More

The International Group of P&I Clubs (IG) has announced an update to the Inter-Club New York Produce Exchange Agreement (ICA), with the 2025 amendment (ICA 2025) set to take effect on 14 July 2025. This marks the fourth revision of the ICA since its inception...

Read More

Natural Gas Corporation of India has entered into an agreement with Japanese shipbuilding company Mitsui O.S.K. Lines. Oil and Natural Gas Corporation of India has entered into an agreement with Japanese shipbuilding company Mitsui O.S.K. Lines. As per the agreement,...

Read More

UAE P&O Maritime Logistics (POML), a wholly owned subsidiary of DP World, has entered into a definitive agreement to acquire a controlling stake in NovaAlgoma Cement Carriers (NACC), the world’s leading operator of pneumatic cement carriers. The acquisition...

Read More

In 2024, the United States consumed about 94 quadrillion British thermal units (quads) of energy, a 1% increase from 2023, according to our Monthly Energy Review. Fossil fuels—petroleum, natural gas, and coal—accounted for 82% of total U.S. energy consumption in 2024....

Read More

Methanol is leading the fight as a cleaner and sustainable alternative marine fuel in the drive to hit IMO net zero targets by 2050, but with some flag states requiring additional teaching over and above the Basic and Advanced IGF courses required under STCW and...

Read More