News Flash
International Maritime Organization climate talks fall short, groups still optimistic about clean shipping future
The International Maritime Organization (IMO) concluded its latest round of climate negotiations without reaching a consensus on critical measures to...
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Estonian authorities detain Russian ‘shadow fleet’-linked oil tanker near Tallinn
Estonia detained a Russian-linked oil tanker near Tallinn for maritime law violations. The Kiwala, which authorities claim is part of...
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BAR Technologies’ WindWings: A Practical Solution Amidst MEPC 83’s Compromised Net-Zero Framework and Mediterranean ECA Implementation
In the wake of the International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC) 83rd session, which concluded with a...
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XENETA: Average spot rates from Far East to US East Coast and US West Coast remain flat since uptick on 1 April
Data highlights: • Average spot rates from Far East to US East Coast and US West Coast remain flat since...
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IMO approves net-zero regulations for global shipping
The International Maritime Organization (IMO) has achieved another important step towards establishing a legally binding framework to reduce greenhouse gas...
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Phase-out of fossil fuels in shipping begins in earnest: IMO measures unlikely to reach GHG reduction targets, but close the LNG business case and send clear long run signal for hydrogen-derived fuels
The IMO’s Marine Environment Protection Committee 83rd meeting has concluded with a weak agreement on mid-term measures that does not...
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Oil Demand Headwinds Could Take a Toll on Tankers
The tanker market could be faced with increased pressure, amid a trade war and tariff-hit global economic landscape. In its...
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HD Hyundai and Hanwha Eye Acquisition of Subic Shipyard in Strategic Southeast Asia Expansion
It was revealed that HD Hyundai and Hanwha Group are considering a proposal to acquire the Subic Shipyard in the...
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Korean shipbuilders gear up as Trump suggests U.S. may buy warships
U.S. President Donald Trump on Thursday said the United States could order advanced vessels from allied nations, sending Korea’s shipbuilders...
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SSA Marine Expands Investment in Termont Montreal Inc.
SSA Marine, one of the world’s leading independent marine terminal operators and the largest container terminal operator in the Americas,...
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Vopak signs agreements for a new debt issuance of around EUR 560 million equivalent
Royal Vopak announces the signing of Note Purchase Agreements for a debt issuance in the US Private Placement (USPP) market...
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Maritime Optima and Maritime IntelX announce strategic partnership to enhance chartering efficiency
Maritime Optima, a leading provider of maritime software solutions for any type of company involved in maritime business, is pleased...
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US energy secretary says we can stop Iran’s oil exports
U.S. Energy Secretary Chris Wright said on Friday that the United States could stop Iran’s oil exports as part of...
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Panama Canal traffic fell to 33.7 ships per day in March, authority says
The number of vessels that transited the Panama Canal, the world’s second-busiest waterway, fell to an average of 33.7 per...
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ICS cautiously welcomes critically important global agreement on shipping’s decarbonisation journey
After many years of negotiations, the International Chamber of Shipping (ICS) welcomes the agreement Friday at the United Nations’ International...
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UN agrees global carbon pricing for international shipping
The UN’s International Maritime Organization (IMO) has agreed on a key climate policy for global shipping–including pricing of emissions–aimed at...
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IMO Reaches Agreement But More Needed To Unlock Future Fuels
The International Maritime Organisation (IMO) agreed to the sector’s first binding targets to reduce greenhouse gas emissions from ships. The...
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Hong Kong company denies that it failed to pay Panama under a contract to operate its canal ports
A subsidiary of a Hong Kong conglomerate that is embroiled in U.S.-China tensions over its Panama Canal port assets denied...
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ClassNK issues approval in principle (AiP) for Onboard Carbon Capture and Storage system (OCCS) developed by Mitsubishi Shipbuilding
ClassNK has issued an approval in principle (AiP) for an Onboard Carbon Capture and Storage system (OCCS) developed by Mitsubishi...
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China’s March Iranian oil imports surge on US sanctions fears
China’s imports of Iranian oil surged in March as buyers stocked up amid worries that further U.S. sanctions on Tehran...
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Recent News
Congress passes sanctions, tariff bill targeting buyers of Russian energy.
Iran, Oman close to agreement on shipping corridor in Strait of Hormuz.
Baltic Dry Index Up for 2nd Day.
International Chamber of Shipping addresses UN Security Council on maritime security and freedom of navigation.
The Week in Alt Fuels: From promises to timelines.