Spot premiums for fuel oil inched further up on Wednesday, while the market expects volatile trading to persist for high sulphur fuel oil (HSFO). The impact of the latest sanctions was not immediately clear on Russian supply flows, several traders said, with more...

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The safety risks posed by unregulated oil tankers are rising, and the so-called shadow fleet is a threat to both the maritime environment and seafarers, the head of the United Nations’ shipping agency said on Tuesday. The shadow fleet refers to hundreds of ships used...

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Nearly 500,000 metric tons of Russian oil products are trapped on tankers hit by U.S. sanctions, LSEG data showed on Wednesday. On Jan. 10, new Russia-related sanctions targeted more than 180 vessels and insurance companies, adding to the impact of similar...

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East of Suez VLCC rates jumped as the US crackdown on “shadow fleet” tankers carrying sanctioned oil from Russia and Iran prompted shipowners to seize the opportunity to capitalize on China’s and India’s demand for unsanctioned crude. Platts, part of S&P Global...

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The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, inched lower for a second consecutive session on Wednesday, dragged down by weaker rates across all vessels. The index, which factors in rates for capesize,...

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Marlink, a leader in managed services for business-critical IT solutions, has reported a more than 350% increase in remote service installations in 2024 compared to 2023. More than 900 remote installations were completed by the end of 2024, compared to just above 200...

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