News Flash
Asia moves quickly to replace sanctioned Russian crude oil
Asia’s crude oil markets are adjusting rapidly to new sanctions against top supplier Russia, sucking up cargoes while they can...
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US targets Iranian oil transshipment to further disrupt cargo flows to China
The US has started to target tankers responsible for transshipments of Iranian oil with sanctions, which could further disrupt Iran’s...
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ICS: Support for a Levy-Based GHG Pricing Mechanism Grows Ahead of the UN IMO Intersessional Working Group
Ahead of next week’s critical International Maritime Organization (IMO) GHG working group meeting (ISWG-GHG 18) to further develop MARPOL Convention...
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Marine fuel sales at top bunker hub Singapore log soft start to 2025
Sales of marine fuel at Singapore, the world’s largest bunker hub, logged weaker volumes in the first month of 2025,...
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Baltic index gains as rates rise across all vessel segments
The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, rose on...
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Sale of LNGC Golar Arctic Marks Golar’s Exit From LNG Shipping Segment
Golar LNG Limited (“Golar”) announces today that it has executed agreements to sell the 2003 built steam turbine LNG carrier,...
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HD Korea Shipbuilding Unveils Nuclear-powered Container Ship Design at Houston Summit
HD Korea Shipbuilding & Offshore Engineering has unveiled a design model for a 15,000 TEU nuclear-powered container ship at the...
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India says Russian oil suppliers must provide sanctions-compliant cargoes
India, the No. 2 importer of crude from Russia, wants to buy Russian oil only if it is supplied by...
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Ardmore Shipping Corporation Expects Solid Product Tanker Demand
Ardmore Shipping Corporation announced results for the three and twelve months ended December 31, 2024. Highlights and Recent Activity Reported...
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HSFO cracks retreat at near parity versus crude
Cracks for 380-cst high sulphur fuel oil (HSFO) showed further signs of easing on Thursday, trading down at about parity...
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Landmark MOU signed to simplify the future of digital seafarer certification
Yesterday, the International Chamber of Shipping (ICS), Lloyd’s Register OneOcean (LROO) and the Maritime Industry Authority (MARINA) of the Republic...
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Panama Strengthens The Quality Of Its Merchant Fleet
According to the latest evaluations, Panama has achieved a 96.5% compliance rate with international maritime safety and environmental protection standards....
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US sanctions strand Iran, Russia oil on tankers, driving up crude costs
The amount of Russian and Iranian oil held on ships has hit multi-month highs as harsher U.S. sanctions reduced the...
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UN talks on a global carbon price on shipping enter final stage
Governments are expected to close in on key shipping climate laws–including a global carbon price–at the 18th intersessional meeting at...
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Baltic index snaps 3-day losing streak as supramax rates climb
The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, snapped its...
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MPC Capital expands maritime services business with energy efficiency and performance management solutions
The investment and asset manager MPC Capital has acquired a 50% stake in the performance management company BestShip GmbH &...
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Launch of ‘BLUE ACTION NET-ZERO ALLIANCE,’ Group-wide Carbon Inset Program for Ocean Transport- Accelerating Process toward Net Zero through Co-Creation with Stakeholders
Aiming to achieve net zero emissions, Mitsui O.S.K. Lines, Ltd. yesterday announced the launch of a new program, BLUE ACTION...
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Russia’s January seaborne oil product exports down 3.3% y/y, Reuters calculations show
Russia’s seaborne oil product exports in January 2025 fell 3.3% on a yearly basis to 10.431 million metric tons, data...
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Asian buyers look to step up US LNG imports to fend off Trump tariffs
At least six Asian economies have expressed interest in buying liquefied natural gas (LNG) to narrow their trade deficit with...
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Diana Shipping Inc. Announces the Sale of a Post-Panamax Dry Bulk Vessel, the m/v Alcmene, and the Direct Continuation of Time Charter Contract for m/v San Francisco With SwissMarine
Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced...
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Recent News
Memorandum of Understanding to Collaborate on Global Projects in the Field of Carbon Capture and Storage
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LNG Bunker Snapshot: Bunker premiums push Singapore prices higher
Iran urges Houthis to ready Red Sea shipping attacks amid US tensions
PPA S.A.: Financial Results for Fiscal Year 2025 – Further Increase in Revenue and EBITDA – Stable Dividend Policy