Two tankers, one carrying 100,000 metric tons of crude oil and another carrying 5,600 tons of gasoline have arrived at the Syrian port city of Baniyas, Syrian state news agency SANA reported on Tuesday. Syria is suffering from severe power shortages, with...

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Freight rates for Russian oil supplies from its Baltic ports to India are declining from recent record highs amid an increase in offers from Western shipowners after Urals crude oil prices fell below a price cap of $60 per barrel, two traders said. The Group of Seven...

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CMB.TECH NV is pleased to announce that it has signed an agreement with Mitsui O.S.K. Lines, Ltd. (“MOL”) and MOL CHEMICAL TANKERS PTE. LTD. (“MOLCT”) for nine ammonia-powered vessels. These vessels will be among the world’s first ammonia-powered Newcastlemax bulk...

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This week, at Singapore Shipping Week, Lloyd’s Register (LR) will unveil its newly structured LR Advisory service, designed to help address escalating regulatory demands, rising decarbonisation costs, and the increasing influence of digitalisation. The move sees LR...

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China’s container logistics businesses face mounting pressure as declining container prices and leasing rates caused by weak cargo demand strain the industry. The market is experiencing growing inventory glut, making it harder for businesses to move containers. The...

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