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Russian oil products trapped at sea by US sanctions, LSEG data shows
Nearly 500,000 metric tons of Russian oil products are trapped on tankers hit by U.S. sanctions, LSEG data showed on...
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East of Suez VLCC rates jump after new US sanctions on Russian oil
East of Suez VLCC rates jumped as the US crackdown on “shadow fleet” tankers carrying sanctioned oil from Russia and...
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Baltic index extends decline on lower rates across vessels
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, inched lower for...
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Marlink drives cost savings and maritime digital transformation with remote installations
Marlink, a leader in managed services for business-critical IT solutions, has reported a more than 350% increase in remote service...
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StormGeo Partners with Bureau Veritas for 2025 EU MRV Compliance for Vessels Under 5,000 GT, with Integrated Digital Solutions
StormGeo, a leading provider of maritime technology solutions, is proud to announce its partnership with Bureau Veritas Marine & Offshore...
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SHIPBID Appoints Han Ning as General Manager of Singapore Office
SHIPBID, China’s largest ship bidding platform, is pleased to announce the appointment of Han Ning as General Manager of its Singapore branch....
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HD Hyundai Accelerates Hydrogen Commercialization with Proprietary Technology
HD Hyundai accelerates hydrogen commercialization by successfully developing liquefied hydrogen (LH₂) storage tanks for ships and a vacuum insulation system....
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Empowering the DOC holder: data-driven decisions should define FuelEU compliance strategy, says OceanScore
Ship managers must navigate tricky commercial terrain to mitigate their financial exposure as DOC holder with responsibility for compliance under...
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Structural shifts or price moves? China’s bifurcated commodity imports
China’s imports of major commodities in 2024 presented a mixed bag, with record volumes of iron ore, coal and ,...
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HSFO premiums strengthen after bids edge higher
Spot premiums for high sulphur fuel oil (HSFO) extended gains on Tuesday after firmer bids emerged for parcels loading in...
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Oil shipping rates surge after US sanctions hit availability
Supertanker freight rates jumped after the U.S. expanded sanctions on Russia’s oil industry, sending traders rushing to book vessels to...
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InterManager urges shipping industry to share knowledge as it collates cases of seafarer criminalisation
InterManager, the international trade association for the ship management sector, is calling on shipping industry colleagues to contribute to a...
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Baltic index snaps three-session winning streak as rates across segments dip
The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, snapped a three-session gaining...
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Iron ore hits more than one-week high on revived hopes of China stimulus
Iron ore futures rallied to their highest in more than a week on Monday, as revived hopes of more stimulus...
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Bulgarian Shipowners Association joins ECSA membership
ECSA is proud to welcome the Bulgarian Shipowners Association as a full member as of 1 January 2025. The Bulgarian...
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China’s crude oil imports fall in 2024, first time in two decades outside of COVID
China’s crude oil imports fell 1.9% in 2024, data showed on Monday, the first annual decline in two decades outside...
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US probe finds China unfairly dominates shipbuilding, paving way for penalties, sources say
U.S. President Joe Biden’s administration has concluded that China uses unfair policies and practices to dominate the global maritime, logistics...
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Asia Fuel Oil: Benchmarks log gains while market eyes latest sanctions
Asia fuel oil benchmarks posted gains on Monday as sentiment turned cautious, with the market eyeing the impact of the...
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Israeli billionaire Idam Ofer backs UK-listed fueltech SulNOx
Israeli billionaire philanthropist Idan Ofer has emerged as the latest big name backer of UK listed green fueltech business Sulnox,...
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INTERCARGO Quality Panel Expansion Enhances Sector Collaboration to Drive Maritime Excellence
The International Association of Dry Cargo Shipowners (INTERCARGO) announced today a strategic development in meeting the needs of its ever-growing...
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