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Ascenz Marorka, GTT’s smart shipping arm, expands its real-time fleet performance monitoring service to cover the Americas

Ascenz Marorka, GTT’s smart shipping arm, expands its real-time fleet performance monitoring service to cover the Americas
Ascenz Marorka is expanding its Real-Time Fleet Performance Monitoring Service to the Americas time zones. Following successful deployments in France and Singapore, this extension to Vancouver strengthens Ascenz Marorka’s global reach and reinforces its commitment to...
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US slaps Iran-related sanctions on oil tankers, China ‘teapot’ refinery

The US yesterday issued new sanctions intended to hit Iran’s oil exports, including what the State Department said were the first US measures targeting a Chinese “teapot refinery” processing the crude, Reuters reports. It was Washington’s fourth round of sanctions on...
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Proposed US port fees on China-built ships begins choking coal, agriculture exports

U.S. coal inventories to swell and stoking uncertainty in the embattled agriculture market, as exporters struggle to find ships to send goods abroad. Trump is drafting an executive order that would rely on funding from a U.S. Trade Representative proposal to levy...
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Baltic index snaps four-day losing streak on higher rates across vessel segments

The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, snapped a four-session losing streak on Friday, buoyed by an uptick in rates across all vessel segments. The main index, which factors in rates for...
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BERG delivers the world’s first GreenForge® shafts to the maritime market

BERG Propulsion is offering the shipping industry its first opportunity to select propeller shafts made using the climate neutral GreenForge® production process, in a maritime sector that is highly exposed to anticipated carbon pricing. Three Louis Dreyfus Armateurs...
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US crude imports from Canada fall to two-year low after tariff developments, EIA data shows

U.S. crude imports from Canada fell to the lowest in two years as U.S. net crude imports also sank, after President Donald Trump’s administration imposed tariffs on imported crude from its northern neighbor. Despite the fall in imports, U.S. crude inventories rose...
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