News Flash
Better Safeguarding Measures are Needed to Support Sea Cadets
Sea cadets are increasingly struggling to complete their cadetships due to a shortage of available placements onboard. In some instances,...
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Danelec Joins GTT Group to Advance Maritime Safety and Digital Performance
This strategic move creates a global, market-leading digital platform powered by high-frequency, high-quality data. The combined offering is designed to...
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India’s US crude imports surge nearly 100% on renewed energy diplomacy, China tariffs
India has doubled its crude purchases from the US, as higher availability of cargoes due to sluggish purchases by China...
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GCMD’s life cycle study quantifies net GHG emissions savings for pathways with Onboard Carbon Capture and Storage (OCCS)
A comprehensive life cycle assessment (LCA) conducted by the Global Centre for Maritime Decarbonisation (GCMD) quantifies OCCS’s potential to provide...
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US service sector picks up in April; price pressures rise
The U.S. services sector’s growth picked up in April as orders increased, boosting a measure of prices paid by businesses...
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Roxtec Hellas opens in Piraeus in May
After 25 years of presence in Greece via a distributor, the world-leading developer and manufacturer of modular-based transits will run...
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Navigator Gas Announces Signing of $300 Million Senior Secured Term Loan and Revolving Credit Facility
Navigator Holdings Ltd., the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, announces today that...
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Bipartisan Bill Reintroduced to Enhance U.S. Shipbuilding, Maritime Sector, National Security
Highlights The Shipbuilding and Harbor Infrastructure for Prosperity and Security (SHIPS) for America Act (the Act) was reintroduced on April...
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The Switch to supply single drives for tanker newbuild quartet in China
The Switch, a leading provider of innovative power electronics for the marine industry, has won a contract to deliver the...
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Yemen bans US crude oil exports through Red Sea
The Yemeni government has announced a sweeping ban on US crude oil in response to Washington’s continued aggression on the...
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Enhancing Maritime Insurance Brokerage Services for Client Benefit
In the ever-changing world of maritime trade, the role of a marine insurance broker is pivotal. Professional Brokers act as...
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Shipping biofuels: navigating new challenges with strategic solutions
The global biofuels market has witnessed massive growth over the last two decades, largely driven by evolving regulations and...
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ESG Economist – Carbon price for shipping below transition cost
International shipping is responsible for about 2% of the world’s greenhouse gas emissions. This means it plays a part in...
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Shipping Sectors’ Impact from USTR to Be Diverse
Some shipping sectors will be more impacted than others from the latest USTR notice on shipping fees on Chinese-built vessels....
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BIMCO revises War Risks clauses for time and voyage charter parties
BIMCO has recently taken the opportunity to revise its most widely used War Risks clauses for time and voyage charter...
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Dry Bulk Market: Capesizes Supported by Tightening of Tonnage
The Capesize market maintained a generally firm tone this week, supported by a tightening of tonnage in both the Pacific...
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Trump’s call for free U.S. passage through Suez Canal sparks outcry in Egypt
U.S. President Donald Trump’s recent call for free passage of American ships through the Suez Canal has triggered widespread condemnation...
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Russian ESPO crude freight rates plunge amid tanker surplus
Freight rates for ESPO Blend crude oil being transported from the Russian port of Kozmino to destinations in China experienced...
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South Korean refiners see slim chance of Iranian crude trade resumption under Trump
South Korean refiners and petrochemical producers have nearly ruled out the resumption of Iranian crude trade this year, though industry...
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US LNG exports surge to new highs on strong buying by Europe
U.S. exports of LNG so far this year have surged by over 20% from the same period a year ago,...
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Recent News
Baltic Exchange launches new FFA resource to boost market understanding of freight derivatives
IMO MSC opens discussions on ISPS Code
Hormuz ship transits rise May 26 as another Malaysian VLCC exits strait: CAS
ABS Introduces Nuclear-Ready Notation for Marine and Offshore Assets
BW Epic Kosan expands use of GIT Coatings following 6% out-of-dock fuel savings and maintained hull performance