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DNV launches class notations to provide framework for safe development of autonomous shipping technologies

DNV has launched a new family of class notations, Autonomous and Remotely Operated Ships (AROS), providing a framework for how autoremote vessels can achieve equivalent or higher safety compared to conventional vessels. Autonomous shipping, ranging from remote control...

HSFO 380-cst premium closes at over one-month high

Cash premium for 380-cst high sulphur fuel oil (HSFO) closed at its highest in more than a month on Friday, buoyed by supply uncertainty over recent sanctions. Singapore’s 380-cst HSFO cash premium traded above $9 a metric ton to cargo quotes, while margins also...

Baltic index logs second straight weekly fall on weak rates across segments

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, hit a one-week low on Friday and marked a second straight weekly fall as rates across all segments weakened. The index, which factors in rates for capesize,...

Daphne Technology and Williams Secure DOE Grant to Advance Methane Emission Reduction Technology

Daphne Technology, in partnership with Williams, is pleased to announce the award of a grant worth nearly $6M from the U.S. Department of Energy’s (DOE) Methane Emissions Reduction Program (MERP). This project, titled the “Daphne and Williams Methane Slip Abatement...

Russia’s oil exports fell in 2024, but revenue rose $3.8 billion, IEA says

Russia’s crude oil and oil products exports fell 350,000 barrels per day last year, though revenue from its exports rose 2% or $3.8 billion, the International Energy Agency said on Wednesday. In a monthly report in which the IEA also said the latest round of U.S....

Shandong ports likely to start discharging sanctioned ships amid exemption

The Longkou port in China’s Shandong province has discharged Russian crude barrels from a sanctioned ship, which was with an exemption, on Jan. 15 for the first time since the Shandong Port Group announced to blacklist carriers under US sanctions for more than a week,...

DNV launches class notations to provide framework for safe development of autonomous shipping technologies

HSFO 380-cst premium closes at over one-month high

Baltic index logs second straight weekly fall on weak rates across segments

Daphne Technology and Williams Secure DOE Grant to Advance Methane Emission Reduction Technology

Russia’s oil exports fell in 2024, but revenue rose $3.8 billion, IEA says

Shandong ports likely to start discharging sanctioned ships amid exemption

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