News Flash
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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Fuel Oil Cracks retreat while spot trade remains thin
Fuel oil cracks pared strength on Wednesday after a recent rally, while spot trade remained largely thin in the week....
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Silicone-based hull coatings to deliver significant emissions reduction
New MERC publication highlights the growing importance of advanced hull coating systems to help reduce GHG emissions. New analysis by...
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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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Carbon cost doubles for intra-EU bunker use with tighter regulation, bullish EUA
Also, EU Allowance contracts rose to Eur78/mtCO2e ($81/mtCO2e) on average in January from Eur68/mt in December, according to Platts data,...
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Baltic index declines for third day as capesize plunges to 2-year low
The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, fell for...
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Russian energy official says US sanctions should not hinder oil trade with India
U.S. sanctions on Russia should not affect Moscow’s oil trade with India, Pavel Sorokin, Russia’s first deputy energy minister, said...
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India may raise US, Middle East crude purchases if sanctions affect Russian flows – FIPI chief
India’s crude supplies from Russia could face some challenges due to higher shipping costs from a new set of sanctions...
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The Swedish Club launches Passage Plan+ guide to enhance safe navigation
Marine insurance specialist, The Swedish Club, today announced the launch of its Passage Plan+ Guide, an essential resource designed to...
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Trump escalates Panama Canal tensions, raises concerns for South Korean shipping industry
U.S. President Donald Trump is escalating tensions over the Panama Canal, causing anxiety among shipping companies in our country. The...
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China’s Crude Oil Imports Decreased From A Record As Refinery Activity Slowed
Slower oil demand growth in 2024 led to less crude oil processed by China’s refineries and fewer crude oil imports...
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Fuel Oil Markets retain strength in sentiment-driven rally
Fuel oil markets maintained strength on Tuesday amid a rally primarily driven by sentiment, trade sources said. Backwardation spreads widened...
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Taylor Maritime Changes to Commercial Company Status
The Board is pleased to confirm that the transfer of the Company’s ordinary shares listing from the closed-ended investment funds...
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U.S. approves HMM’s Premier Alliance, enhancing global shipping routes
The new shipping alliance “Premier Alliance,” which includes Korea’s largest shipping company HMM, will officially launch this month. HMM plans...
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India’s thermal coal imports seen falling for second straight year
India’s thermal coal imports are expected to fall for the second straight year in 2025 due to decreasing dependence on...
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Baltic index slips on lower capesize, panamax rates
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for a...
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Initial Conclusions of Elogen’s Strategic Review and Changes in GTT’s Governance
As announced in its press release on 9 January 2025, the GTT Group is conducting a strategic review of the...
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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.