News Flash

Maritime Beyond Methane (MARBEM) partner responds to IMO decision to delay Net-Zero Framework vote

Maritime Beyond Methane (MARBEM) partner responds to IMO decision to delay Net-Zero Framework vote

In response to the International Maritime Organization’s (IMO) member vote on October 17 which saw a delay in adopting the...
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ABS Scales Cutting-Edge Immersive Maritime Training with Strategic Acquisition of MetaSHIP from Orka Informatics

ABS Scales Cutting-Edge Immersive Maritime Training with Strategic Acquisition of MetaSHIP from Orka Informatics

In a landmark deal to deliver immersive, next-generation training at scale to the maritime industry, ABS has signed an agreement...
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Tax sops for ships under Omani flag to boost marine transport

Tax sops for ships under Omani flag to boost marine transport

The Tax Authority has announced the suspension of the imposition of withholding tax on service contracts provided on board ships...
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“Disgraceful”: IMO Misses Boat on Tackling Shipping’s Contribution to Climate Change

“Disgraceful”: IMO Misses Boat on Tackling Shipping’s Contribution to Climate Change

The International Maritime Organization failed to adopt the world’s first-ever global, legally binding carbon price—postponing for a year a vote...
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INTERTANKO to continue its focus on practical pathways in the absence of an agreement at IMO

INTERTANKO to continue its focus on practical pathways in the absence of an agreement at IMO

After an intense week ending in a vote, the International Maritime Organization’s (IMO’s) Net Zero Framework was adjourned for the...
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NGOs Slam UN Shipping Body Deferral of Plan to Cut Climate Pollution

NGOs Slam UN Shipping Body Deferral of Plan to Cut Climate Pollution

As a special meeting of the International Maritime Organization’s Marine Environment Protection Committee (IMO, MEPC/ES.2) closes in London, the Clean...
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IMO net-zero shipping talks to resume in 2026

IMO net-zero shipping talks to resume in 2026

The International Maritime Organization (IMO) has agreed to adjourn the extraordinary session of the Marine Environment Protection Committee (MEPC), which...
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Navigating China’s new tonnage tariffs on US-linked shipping

Navigating China’s new tonnage tariffs on US-linked shipping

News of China’s recent retaliatory tonnage charges on US-linked vessels has spread through the shipping market like wildfire, marking a...
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VLCCs The Most Exposed from China’s Port Fees

VLCCs The Most Exposed from China’s Port Fees

Trade flows are bound to be disrupted from the spillover of trade tensions in the shipping market. In its latest...
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ClassNK to class Japan’s first hydrogen fueled tugboat TEN-OH built by TSUNEISHI

ClassNK to class Japan’s first hydrogen fueled tugboat TEN-OH built by TSUNEISHI

ClassNK has added Japan’s first hydrogen-fueled tugboat TEN-OH to its register, which is built by TSUNEISHI SHIPBUILDING Co., Ltd. This...
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Iron ore set for weekly loss on renewed US-China trade tension, rising supply

Iron ore set for weekly loss on renewed US-China trade tension, rising supply

Iron ore futures headed for a weekly loss, with concerns surrounding the demand outlook due to U.S.-China trade tensions coinciding...
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Indian refiners make rare purchases of Guyanese grades, sources say

Indian refiners make rare purchases of Guyanese grades, sources say

Two Indian refiners have bought 4 million barrels of Guyanese crude oil from U.S. major Exxon Mobil XOM to be...
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Thun Tankers launched “Thun Renew” – a vessel built for a sustainable future

Thun Tankers launched “Thun Renew” – a vessel built for a sustainable future

Erik Thun Group has launched Thun Renew, the third out of eight vessels in its innovative R-Class series, at Ferus...
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Kongsberg Maritime celebrates 10 years of rim-drive thruster innovation

Kongsberg Maritime celebrates 10 years of rim-drive thruster innovation

Kongsberg Maritime proudly marks a decade since the launch of its pioneering rim-drive permanent magnet thruster technology, celebrating both its...
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Asia Fuel Oil Differentials steady in thin pre-Diwali holiday trade

Asia Fuel Oil Differentials steady in thin pre-Diwali holiday trade

Spot differentials for fuel oil markets were little changed on Friday in Asia as pre-Diwali holiday trade was thin, while...
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International Chamber of Shipping disappointed that Member States have not been able to agree

International Chamber of Shipping disappointed that Member States have not been able to agree

The International Chamber of Shipping (ICS) comments following the conclusion of the International Maritime Organization’s (IMO) Extraordinary Session of Marine...
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WEST OF SUEZ DIRTY TANKER QUARTERLY: Production increases lend support to larger ship sizes

WEST OF SUEZ DIRTY TANKER QUARTERLY: Production increases lend support to larger ship sizes

The West of Suez Very Large Crude Carrier market saw levels firm to multi-year highs toward the end of the...
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Baltic Index Logs Weekly Gain As All Vessel Segments Rise In Tandem

Baltic Index Logs Weekly Gain As All Vessel Segments Rise In Tandem

The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, rose on Friday...
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Global trade’s tightrope walk

Global trade’s tightrope walk

The world economy has successfully avoided the initial, catastrophic blow from the recent surge in trade protectionism, yet the long-term...
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Sweden’s National Hydrographer, Magnus Wallhagen, Nominated for Secretary-General of the International Hydrographic Organization (IHO)

Sweden’s National Hydrographer, Magnus Wallhagen, Nominated for Secretary-General of the International Hydrographic Organization (IHO)

Magnus Wallhagen, National Hydrographer of Sweden, has been nominated as a candidate for the position of Secretary-General of the International...
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