News Flash
LNG shipping capacity to decline by 2027, pushing up freight rates
The liquefied natural gas (LNG) shipping market is set to tighten capacity by the end of 2027, as ageing vessels...
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Americas crude export growth supported by Brazil and Guyana
Americas crude exports started to stagnate during the second half of 2024 with the US, the largest exporter, showing signs...
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Asia-US container rates still rising as tariff threat replaces strike concerns
The tentative agreement between US Gulf and East Coast ports and dockworkers has taken some of the pressure off rates...
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Dry Bulk: Atlantic Panamax market plummets as tonne-mile demand falls short
The Atlantic Panamax markets entered the fourth quarter with a cautious outlook due to the ongoing lag in demand for...
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Greece Examines Impact of US Blacklisting of Piraeus Port Owner COSCO
Greece’s biggest port Piraeus is operating normally following a U.S. blacklisting this week of its majority owner, China’s largest shipping...
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Five themes shaping the energy world in 2025
What opportunities, challenges and risks does the world of energy and natural resources face in 2025? Our experts share their...
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Venezuelan inauguration seen as possible turning point for US oil sanctions policy
The Venezuelan people are bracing for chaos as both the incumbent President Nicolás Maduro and President-elect Edmundo González Urrutia prepare...
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Asia Refining: Gasoline crack hits seven-week low, posts weekly loss as inventories climb
Asia’s gasoline refining margins dropped to their lowest in seven weeks on Friday, falling for the week as stockpiles of...
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Mediterranean LNG imports drop in 2024 on strong renewables, subdued LNG pull
Imports of LNG into the West and East Mediterranean regions saw a sharp year-over-year drop in 2024, according to S&P...
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Castor Marine becomes part of the Navarino Group
Castor Marine is excited to announce that Navarino has acquired 100% of the shares of Castor Marine B.V. This milestone...
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FuelEU Maritime – Exemptions
The FuelEU Maritime regulation, enforced January 1, 2025, aims to reduce greenhouse gas (GHG) emissions on a well-to-wake basis within...
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One in three seafarers still being forced to pay illegal recruitment fees, survey finds
A third of seafarers have said that they have paid a fee to get a job, with many reporting that...
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Hi-5 spread widens versus last week as HSFO softens
Asia’s hi-5 fuel oil spread widened by over 2% week-on-week, reflecting a softer market for high sulphur fuel oil (HSFO),...
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Global growth to remain subdued in 2025 amid uncertainty, UN report warns
The World Economic Situation and Prospects (WESP) 2025 report shows that despite withstanding a series of mutually reinforcing shocks, global...
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Baltic index rises for second day on gains in capesize vessel segment
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose for a...
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AtoB@C Shipping and Yara International extend cooperation until 2033
AtoB@C Shipping and Yara International, the world’s leading crop nutrition company and a provider of environmental and agricultural solutions, have...
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Second US port strike averted as union, employers reach deal
The union representing 45,000 dock workers on the U.S. East and Gulf Coasts and their employers on Wednesday said they...
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SHI picks TMC Compressors for 15 LNG carriers
Samsung Heavy Industries (SHI) has contracted TMC Compressors (TMC) to deliver a complete marine compressed air system to 15 LNG...
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Panama tells Trump canal sovereignty is ‘non-negotiable’
Panama reiterated on Tuesday that the sovereignty of its eponymous ship canal was not up for discussion after US President-elect...
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NAPA partners with Ahti Pool for FuelEU Maritime compliance
NAPA, a leading provider of maritime software and data services, has today signed a Memorandum of Understanding (MoU) with Ahti...
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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.