Yesterday’s debate on “Strengthening Maritime Security through International Cooperation for Global Stability” in the UN Security Council was a strong signal that shipping and free passage at sea is of strategic importance for the whole world. Shipping binds the world...

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The current market conditions in the global shipping industry resemble the mid-cycle transition seen in previous shipping cycles – a phase where the market appears stable on the surface, but underlying pressures are quietly building. That’s the central message of a...

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Kongsberg Maritime has announced the launch of a new electric towing winch, expanding its winch product portfolio to better serve the tug market. The new winch is powered by a frequency converter-driven electric motor, delivering enhanced operational efficiency and...

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Russia’s seaborne fuel oil and vacuum gasoil exports rose 8.5% in April from the previous month to around 4.0 million metric tons on rising production, trade and shipping data showed. Russia’s offline primary oil refining capacity totalled 2.91 million tons last...

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