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Countries defend global shipping carbon price from Trump admin. at critical UN talks

Countries defend global shipping carbon price from Trump admin. at critical UN talks

Global carbon price on international shipping remains on the table, following negotiations at the 84th session of the Marine Environment...
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India-linked supertanker tests Hormuz blockade to ease domestic fuel crisis

India-linked supertanker tests Hormuz blockade to ease domestic fuel crisis

An India-linked supertanker is currently attempting a high-stakes transit through the Strait of Hormuz, signaling a critical push by New...
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US warns shipping firms they could face sanctions over paying Iranian tolls in the Strait of Hormuz

US warns shipping firms they could face sanctions over paying Iranian tolls in the Strait of Hormuz

The United States is warning shipping companies that they could face sanctions for making payments to Iran to safely pass...
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The IMO pendulum swings back towards the Net Zero Framework — ‘as agreed’ text gets further support but path forward remains uncertain

The IMO pendulum swings back towards the Net Zero Framework — ‘as agreed’ text gets further support but path forward remains uncertain

Readout from UCL Shipping and Oceans Research group shows IMO’s 84th session of the Marine Environment Protection Committee (MEPC) has...
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Tankers: VLCC Market Facing More Uncertainty

Tankers: VLCC Market Facing More Uncertainty

Clean LR2 The TC1 75kt MEG/Japan index remained level in the mid WS550’s this week. A voyage west also saw...
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US awards $59.6m grant to Port of Guam for crane upgrade

US awards $59.6m grant to Port of Guam for crane upgrade

The U.S. Department of Transportation’s Maritime Administration has awarded a $59.6m grant to the Port Authority of Guam to expand...
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Demand for Low-Carbon Shipping Has Fallen, but Long-Term Value Persists

Demand for Low-Carbon Shipping Has Fallen, but Long-Term Value Persists

Cargo owners’ willingness to pay (WTP) a premium for low-carbon fuels is crucial to maritime sector decarbonization. But this year,...
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BIMCO publishes time charter party targeting the emerging CO2 trade

BIMCO publishes time charter party targeting the emerging CO2 trade

BIMCO’s Documentary Committee has adopted a new time charter party which has been developed specifically for the maritime transport of...
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Alexandrite class minesweeper Polyarny commissioned into service with Russian Navy

Alexandrite class minesweeper Polyarny commissioned into service with Russian Navy

Sredne-Nevsky Shipyard (SNSZ, part of United Shipbuilding Corporation / USC) hosted today an official ceremony of the Russian Navy flag hoisting...
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Orca AI, Samsung Heavy Industries sign MoU on autonomous ships

Orca AI, Samsung Heavy Industries sign MoU on autonomous ships

Orca AI has signed a memorandum of understanding with Samsung Heavy Industries to accelerate large-scale deployment of autonomous vessel technology...
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Hormuz disruption may cap dry bulk growth through 2027

Hormuz disruption may cap dry bulk growth through 2027

Dry bulk demand growth could be materially constrained through 2027 if disruption persists in the Strait of Hormuz, a route...
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Adani Ports Q4 profit up 9% to $348m on 133.4m tonnes cargo

Adani Ports Q4 profit up 9% to $348m on 133.4m tonnes cargo

Adani Ports and Special Economic Zone reported a 9% year-on-year increase in fourth-quarter profit after tax to ₹3,308 crore ($348m),...
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OOCL orders 12 LNG dual-fuel 13,600 TEU container ships

OOCL orders 12 LNG dual-fuel 13,600 TEU container ships

Orient Overseas Container Line Ltd. (OOCL) has ordered twelve 13,600 TEU class LNG dual-fuel container vessels under shipbuilding contracts signed...
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PSA wins Xiamen terminal stake in 20 million TEU Fujian hub

PSA International has secured an investment in Xiamen Container Terminal Group, which operates eight container terminals with a combined annual...
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RV Akademik Fedorov returns home after Antarctica expedition

RV Akademik Fedorov returns home after Antarctica expedition

The Arctic and Antarctic Research Institute (AARI) says its research vessel Akademik Fedorov has successfully completed yet another Antarctic voyage...
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Ardmore Shipping Provides Update on Fleet Investment, Dividend Policy, and Vessel Sale

Ardmore Shipping Provides Update on Fleet Investment, Dividend Policy, and Vessel Sale

Ardmore Shipping Corporation provided the following update on capital allocation, vessel sale, and latest TCE guidance. Fleet Investment The Company...
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The Mission to Seafarers Appoints Guy Platten as New Chair

The Mission to Seafarers Appoints Guy Platten as New Chair

The Mission to Seafarers is pleased to announce the appointment of Guy Platten as its new Chair. A Chartered Master...
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Seaside LNG Announces Expanded C-suite Leadership Team

Seaside LNG, North America’s premier integrated LNG bunkering platform, today announced the appointment of a newly formed C-suite leadership team...
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UAE’s exit rattles OPEC’s grip on the oil market

UAE’s exit rattles OPEC’s grip on the oil market

The UAE’s exit from OPEC is momentous, and undoubtedly the biggest schism in the organisation since it was founded in...
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Port cities present climate action plans at IMO MEPC reception

Port cities present climate action plans at IMO MEPC reception

Cities and ports are accelerating the shift to clean energy and shipping fuels, fostering inclusive dialogue with workers and local...
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