News Flash

Titan completes first bunkering to MOL under new term contract

Titan completes first bunkering to MOL under new term contract

Titan Clean Fuels (Titan) and Mitsui O.S.K. Lines (MOL) have completed the first LNG and liquefied biomethane (bio-LNG) bunkering operation...
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Hefty port entrance fees likely pass on to consumers in the US

Hefty port entrance fees likely pass on to consumers in the US

The United States’ plan to impose substantial port docking fees on Chinese ships is likely to be passed on to...
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Economic Fears, Trade War Will Hit European Diversified Industrials’ Orders

Economic Fears, Trade War Will Hit European Diversified Industrials’ Orders

Concerns over global economic growth and tariffs, as well as continuing weakness in some end-markets, including automotive and construction, will...
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Federal Reserve preview: No imminent pressure, but downside growth risks point to 2H rate cuts

Federal Reserve preview: No imminent pressure, but downside growth risks point to 2H rate cuts

The economy isn’t living up to expectations At the start of the year there was plenty of optimism around. The...
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Asian spot LNG prices dip amid tepid demand

Asian spot liquefied natural gas (LNG) prices slipped this week to a three-month low, as tepid demand in the region...
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Barclays cuts 2025 Brent oil price forecast on soft demand view

Barclays cuts 2025 Brent oil price forecast on soft demand view

Barclays lowered its 2025 Brent oil price forecast by $9 per barrel to $74 per barrel, citing a softer demand...
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Cyprus: ‘Challenging’ year ahead for shipping, says president

Cyprus: ‘Challenging’ year ahead for shipping, says president

The year 2025 is expected to be another challenging year for international shipping, which should remain resilient and continue to...
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MOL, Namura Shipbuilding, Mitsubishi Shipbuilding Acquire AiP for Large Ammonia-powered Ammonia Carrier- Major Step toward Enhanced Ammonia Transport Capacity

MOL, Namura Shipbuilding, Mitsubishi Shipbuilding Acquire AiP for Large Ammonia-powered Ammonia Carrier- Major Step toward Enhanced Ammonia Transport Capacity

Mitsui O.S.K. Lines, Ltd. announced that a large-size ammonia-powered ammonia carrier, under joint development by MOL, Namura Shipbuilding Co., Ltd....
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Charting the uncharted: The (un)intended consequences of oil sanctions and dark shipping

Charting the uncharted: The (un)intended consequences of oil sanctions and dark shipping

Despite formal restrictions, untracked oil continues to reach global markets, calling into question the true effectiveness of oil sanctions. This...
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Russian diesel continues to flow to Syria on US-sanctioned tankers, data shows

Russian diesel continues to flow to Syria on US-sanctioned tankers, data shows

A second tanker under U.S. sanctions is moored near the Syrian port of Banias and may deliver a diesel cargo...
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Tankers: VLCCs Slightly Higher Last Week

Tankers: VLCCs Slightly Higher Last Week

Clean LR2 MEG LR2’s have been in notable demand this week, as a result freight levels have spiked. The TC1...
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Americas Aframax demand could take a hit amid non-renewal of Venezuelan sanctions waiver

Americas Aframax demand could take a hit amid non-renewal of Venezuelan sanctions waiver

The US Department of the Treasury recently announced that Chevron’s sanctions waiver was not renewed, meaning the company will no...
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CK Hutchison falls on report China rebukes co’s ports deal

CK Hutchison falls on report China rebukes co’s ports deal

Shares of CK Hutchison 1 fall as much as 6.7% to HK$46.10, their lowest since March 5, as China rebukes...
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Tanker Market on the Rise During February

Tanker Market on the Rise During February

The tanker market rose during the month of February, OPEC said in its latest monthly report. Dirty spot freight rates...
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Kongsberg Maritime wins design and equipment contract for Olympic Group’s two subsea construction vessels

Kongsberg Maritime wins design and equipment contract for Olympic Group’s two subsea construction vessels

Kongsberg Maritime has signed a significant contract for the design of two multipurpose subsea vessels. The UT7623 SEV (Sustainable Energy...
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PetroChina International signs long-term LPG deal with Phillips 66

PetroChina International signs long-term LPG deal with Phillips 66

PetroChina International, a subsidiary of state-owned energy company PetroChina, signed a long-term LPG procurement agreement with US-based Phillips 66, PCI...
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Approval in Principle (AiP) for the Basic Design of a Large Ammonia-Fueled Ammonia Carrier Obtained from Classification Society

Approval in Principle (AiP) for the Basic Design of a Large Ammonia-Fueled Ammonia Carrier Obtained from Classification Society

Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has jointly developed a large ammonia carrier that...
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‘Wild Card’ Carbon Levy Uncertainty Leaves Shipowners Cautious and Concerned Says ABS Chairman and CEO

‘Wild Card’ Carbon Levy Uncertainty Leaves Shipowners Cautious and Concerned Says ABS Chairman and CEO

Uncertainty about the scale and nature of the IMO’s proposed carbon levy is holding back investment in shipping. That was...
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Shipping and alternative fuels producers await IMO Regulations on GHG Emissions Framework

Shipping and alternative fuels producers await IMO Regulations on GHG Emissions Framework

Any regulatory developments focussed on reducing GHG emissions from shipping would increase global demand for low emissions fuels such as...
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DOE order removes certain restrictions on LNG bunkering

On February 25, 2025, the Department of Energy (DOE) issued an Order Granting Request for Rehearing and Clarification and Modifying...
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