Since 1 January 2023, the Panama Canal Authority (PCA) has been imposing a “Disruption Charge” on vessels with deficiencies. These charges can be as high as USD 250,000 and Gard members have reported numerous cases of this charge being levied since its introduction....

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Singapore’s bunker fuel sales in October could have reached a new record high, according to S&P Global Commodities at Sea(opens in a new tab), as shipowners diverted ships and ramped up ship-to-ship transfers in response to China’s port fee announcement. The...

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Site visits for all vessels within the scope are mandated under EU Regulations 2023/2917 and 2024/2027, with 2026 marking the first FuelEU verification year. This statutory news provides guidance on site visit procedures and compliance responsibilities, addressing key...

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The EU’s ban on Russian oil products and increased Ukrainian drone strikes are driving inefficiencies in product tanker markets and bolstering the outlook for freight rates, Torm reported. This comes as geopolitical disruptions and structural changes in global...

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China and the US have agreed to postpone new port fees on each other’s vessels for one year after US President Donald Trump and Chinese President Xi Jinping met, but a shipping analyst thinks carriers will maintain their current fleet deployments. Lars Jensen,...

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