News Flash | Sea and Job

IMO Reaches Agreement But More Needed To Unlock Future Fuels

The International Maritime Organisation (IMO) agreed to the sector’s first binding targets to reduce greenhouse gas emissions from ships. The shipping sector is now the first industry with internationally mandated targets to reduce emissions. This outcome is the...

Hong Kong company denies that it failed to pay Panama under a contract to operate its canal ports

A subsidiary of a Hong Kong conglomerate that is embroiled in U.S.-China tensions over its Panama Canal port assets denied allegations Wednesday that it had failed to pay about $1.2 billion to the Central American country. Panama’s comptroller authority announced on...

ClassNK issues approval in principle (AiP) for Onboard Carbon Capture and Storage system (OCCS) developed by Mitsubishi Shipbuilding

ClassNK has issued an approval in principle (AiP) for an Onboard Carbon Capture and Storage system (OCCS) developed by Mitsubishi Shipbuilding. The certification confirms its feasibility from regulatory and safety perspectives. Interest in CO2 capture the method from...

China’s March Iranian oil imports surge on US sanctions fears

China’s imports of Iranian oil surged in March as buyers stocked up amid worries that further U.S. sanctions on Tehran could tighten supplies, traders and analysts said. China’s oil imports from Iran surpassed 1.8 million barrels per day last month, an all-time high,...

Singapore’s MPA gets 14 proposals under EOI to scale up LNG bunker supply

The Maritime and Port Authority of Singapore has received 14 proposals under its Expression of Interest to scale up the supply of LNG as marine fuel in the Port of Singapore, the MPA said in a statement on April 10. To support the demand for LNG, the MPA said it...

U.S. crude oil exports reached a new record in 2024

U.S. crude oil exports in 2024 surpassed the previous record set in 2023, exceeding an annual average of 4.1 million barrels per day (b/d). Despite this new record, crude oil export year-over-year growth slowed to 1% in 2024, compared with 14% in 2023 and 21% in 2022....

IMO Reaches Agreement But More Needed To Unlock Future Fuels

Hong Kong company denies that it failed to pay Panama under a contract to operate its canal ports

ClassNK issues approval in principle (AiP) for Onboard Carbon Capture and Storage system (OCCS) developed by Mitsubishi Shipbuilding

China’s March Iranian oil imports surge on US sanctions fears

Singapore’s MPA gets 14 proposals under EOI to scale up LNG bunker supply

U.S. crude oil exports reached a new record in 2024

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