Aiming to achieve net zero emissions, Mitsui O.S.K. Lines, Ltd. yesterday announced the launch of a new program, BLUE ACTION NET-ZERO ALLIANCE. This program contributes to reducing the Scope 3 GHG emissions of actual shippers and NVOCCs (Note 1) that use ocean...

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Russia’s seaborne oil product exports in January 2025 fell 3.3% on a yearly basis to 10.431 million metric tons, data from industry sources and Reuters calculations showed. Total oil product exports via the Baltic ports of Primorsk, Vysotsk, St. Petersburg and...

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At least six Asian economies have expressed interest in buying liquefied natural gas (LNG) to narrow their trade deficit with the United States and fend off tariffs, while others look to expand and diversify supplies. Companies in the U.S., the world’s largest...

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Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party,...

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Fuel oil cracks pared strength on Wednesday after a recent rally, while spot trade remained largely thin in the week. Singapore 380-cst high sulphur fuel oil (HSFO) Brent-crack dipped towards premiums of 40 cents a barrel after hitting its recent high of over 80 cents...

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