News Flash

Russian ESPO crude freight rates plunge amid tanker surplus

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 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

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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LNG traders divert four US cargoes from Europe to Asia

Four cargoes of liquefied natural gas headed for Europe changed course to Asia in the last two weeks, after European...
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Are electric motors the future of shipping?

Are electric motors the future of shipping?

The two-minute trip across the Rhine on the Mondorf ferry used to be accompanied by clouds of sooty smoke and...
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IMO mid-term measures: expert guidance required following MEPC 83

IMO mid-term measures: expert guidance required following MEPC 83

As part of our recent webinar following MEPC 83, two of LR’s regulatory and advisory experts explained that the proposed...
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Tanker Market: Extreme Uncertainty is the New Norm

Tanker Market: Extreme Uncertainty is the New Norm

A prolonged period of too many unknowns seems to now be the new operating reality for tanker owners. In its...
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Last Chevron-chartered vessel starts to return oil cargo in Venezuela, data and source say

Last Chevron-chartered vessel starts to return oil cargo in Venezuela, data and source say

A vessel chartered by Chevron CVX carrying some 300,000 barrels of Venezuelan oil was set to start discharging at a...
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HSBC says trade turmoil poses serious risks to global growth

HSBC says trade turmoil poses serious risks to global growth

Shifting global trade relations have increased economic uncertainty with serious risks to growth, making it difficult for international banks to...
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Greece approves tender for hydrocarbons search in four offshore blocks

Greece approves tender for hydrocarbons search in four offshore blocks

Greece has approved an international tender for hydrocarbon exploration in four blocks in the Mediterranean Sea, following an expression of...
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Danish Shipping: Activation of War Insurance Institute Is Perfectly Timed

Danish Shipping: Activation of War Insurance Institute Is Perfectly Timed

Danish shipping is a strategic asset for Denmark. A new legislative proposal on war insurance will ensure that the Danish...
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TEN Ltd. Announces Delivery and Naming of First Two in Series of Twelve DP2 Shuttle Tanker Orders at Samsung Heavy Industries, South Korea

TEN, Ltd. (TEN) announced the delivery and naming of two DP2 suezmax shuttle tankers, the “Athens 04” and the “Paris...
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New US sanctions target Iranian petrochemical, petroleum products trade

New US sanctions target Iranian petrochemical, petroleum products trade

The US has sanctioned seven companies and two tankers involved in the trade of Iranian petrochemicals and petroleum products, the...
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Lloyd’s Register OneOcean machine-learning technology adopted by TotalEnergies to reduce fuel consumption and emissions

Lloyd’s Register OneOcean machine-learning technology adopted by TotalEnergies to reduce fuel consumption and emissions

Lloyd’s Register OneOcean (LR OneOcean) has collaborated with TotalEnergies, a global multi-energy company, to deploy advanced route optimization technology across...
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New air pollution limits for ships enter into effect in the Mediterranean

New air pollution limits for ships enter into effect in the Mediterranean

The Mediterranean Sea officially became an Emission Control Area for Sulphur Oxides and Particulate Matter (Med SOx ECA) under MARPOL...
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Dry Bulk Shipping: Policy is now as Major Catalyst for Market Direction as Seasonality

Dry Bulk Shipping: Policy is now as Major Catalyst for Market Direction as Seasonality

The ever-shifting tides of the shipping freight market are proving to be difficult to navigate. For example, in the dry...
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Global trade headwinds reflected in weakening volumes

Global trade headwinds reflected in weakening volumes

International markets in 2025 have been characterized by pervasive uncertainty and significant pressure, reshaping prospects for trade, commodities, and finance,...
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VESON potential US port fees may disrupt dry bulk trade and vessel availability

VESON potential US port fees may disrupt dry bulk trade and vessel availability

Recent discussions on tariffs have largely overlooked the potential implementation of the Office of the United States Trade Representative (USTR)’s...
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APSEZ beats quarterly profit view on higher cargo growth

APSEZ beats quarterly profit view on higher cargo growth

Adani Ports and Special Economic Zone reported fourth-quarter profit above estimates on Thursday, as growth in cargo volumes accelerated during a...
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Dhamara-Talachua Ro-Pax ferry service to cut travel time by 200km

Dhamara-Talachua Ro-Pax ferry service to cut travel time by 200km

In a significant step toward improving inland water connectivity, the Odisha government is set to launch the Dhamara-Talachua Ro-Pax ferry...
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