News Flash | Sea and Job

Low water levels on Danube disrupt shipping as heatwave hits Hungary

Unusually low water levels on the Danube River in Hungary are affecting shipping, agriculture, and local ecosystems along Europe’s second-longest river, which is a major transport route across the continent. Temperatures peaked at 35 degrees Celsius (95 degrees...

Oil bunker costs to double by 2035 on IMO rules, says Wartsila

Oil-based bunker costs will double over the next decade due to the International Maritime Organization’s upcoming regulation on greenhouse gas emissions, Finland-based Wartsila’s CEO Hakan Agnevall told Platts while laying out a low-carbon fuel transition pathway for...

U.S. Gulf Diesel Exports Drive Clean Tanker Rally

The U.S. Gulf clean tanker market surged last week, marking one of the strongest upward freight shifts seen so far this year. The rally — centered on TC14 (USGC–UKC) — wasn’t just a blip of volatility, but a convergence of seasonal dynamics, structural fundamentals,...

Petrofin Research: Ship Financing Prospects for 2025 and beyond

The year 2025 ushered in dramatic shifts, driven by US policy changes under President Trump. Emphasizing an “America first” agenda, the US imposed protectionist tariffs and quotas targeting China, the European Union, Canada, and others. This upheaval nearly halted...

Tanker Market: US policies Having a Major Impact

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...

ICA 2025 amendment: Position clarified, but perhaps an opportunity missed?

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...

Low water levels on Danube disrupt shipping as heatwave hits Hungary

Oil bunker costs to double by 2035 on IMO rules, says Wartsila

U.S. Gulf Diesel Exports Drive Clean Tanker Rally

Petrofin Research: Ship Financing Prospects for 2025 and beyond

Tanker Market: US policies Having a Major Impact

ICA 2025 amendment: Position clarified, but perhaps an opportunity missed?

Recent News