TEN, Ltd. (TEN) announced the delivery and naming of two DP2 suezmax shuttle tankers, the “Athens 04” and the “Paris 24”, from Samsung Heavy Industries, Co., Ltd. (“Samsung”) in South Korea and concurrent seven-year employment to a European oil major with options to...

Read More

The US has sanctioned seven companies and two tankers involved in the trade of Iranian petrochemicals and petroleum products, the latest of a steady stream of sanctions that have been issued as the US continues nuclear talks with Tehran. “The President is committed to...

Read More

Lloyd’s Register OneOcean (LR OneOcean) has collaborated with TotalEnergies, a global multi-energy company, to deploy advanced route optimization technology across its shipping operations. TotalEnergies has adopted LR OneOcean’s Route Optimisation solution, which...

Read More

The Mediterranean Sea officially became an Emission Control Area for Sulphur Oxides and Particulate Matter (Med SOx ECA) under MARPOL Annex VI on 1 May 2025. The sulphur content in fuel oil for ships operating in the area is now limited to 0.1%, significantly reducing...

Read More

International markets in 2025 have been characterized by pervasive uncertainty and significant pressure, reshaping prospects for trade, commodities, and finance, according to the latest analysis from UN Trade and Development (UNCTAD). The Trade and Development...

Read More