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Asian spot LNG prices ease, tracking European prices

Asian spot LNG prices ease, tracking European prices

Asian spot liquefied natural gas (LNG) prices were down this week but remained 33% up from its lowest level in...
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Russian insurrection ends but attempted coup damages OPEC+ Producer

Russian insurrection ends but attempted coup damages OPEC+ Producer

Russian President Vladimir Putin June 24 faced down an attempted military insurrection by mercenary warlord Evgeny Prigozhin but the attempted...
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Countries push for CO2 shipping levy as crunch talks loom

Countries push for CO2 shipping levy as crunch talks loom

Maritime nations including Denmark and the Marshall Islands are rallying support for a global carbon dioxide emissions levy on shipping,...
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More Ships Are Getting “Greener”

More Ships Are Getting “Greener”

 The number of “green” ships ordered is growing in size, as the industry is beginning its long journey towards decarbonization....
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Tankers To Ride Oil Demand Growth

The tanker market’s medium-term momentum remains positive after the latest round of reports. In its latest weekly report, shipbroker Gibson...
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India’s May crude oil imports rise on strong Russian flows

India’s May crude oil imports rise on strong Russian flows

India’s crude oil imports in May rose 2% from a year earlier, government data showed on Friday, on sustained buying...
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Tankers: VLCC Market Busy For Yet Another Week

Tankers: VLCC Market Busy For Yet Another Week

MEG LR2’s remained stable for the majority of the week with inklings of an upturn as we head towards the...
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EU Proposes Net-Zero Emissions for the Shipping Sector by 2050 at the latest

EU Proposes Net-Zero Emissions for the Shipping Sector by 2050 at the latest

As the UN Climate Ambition Summit scheduled for UN General Assembly’s High Level Week in September fast approaches, it has...
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Titanic sub destroyed in ‘catastrophic implosion,’ all five aboard dead

Titanic sub destroyed in ‘catastrophic implosion,’ all five aboard dead

A deep-sea submersible carrying five people on a voyage to the century-old wreck of the Titanic was found in pieces...
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Asia Fuel Oil-Spot market steadies while inventories soften.

Asia Fuel Oil-Spot market steadies while inventories soften.

Asia’s fuel oil market held steady on Thursday, while onshore inventories in Singapore fell after a three-week build. Weekly residual...
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Baltic index nears one-month peak on Capesize bounce

Baltic index nears one-month peak on Capesize bounce

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, hit a more than...
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Ukraine 99.9% certain Russia will evacuate Black Sea grain deal in July – envoy

Ukraine 99.9% certain Russia will evacuate Black Sea grain deal in July – envoy

  Russia is 99.9% certain to evacuate a U.N.-brokered deal on the safe wartime passage of Black Sea grain next...
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Port of Rotterdam Authority go ahead with construction of the new site on Maasvlakte II

Port of Rotterdam Authority go ahead with construction of the new site on Maasvlakte II

On 19 June 2023, the Port of Rotterdam Authority signed a contract with Boskalis for the construction of around 40...
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U.S. oil refiners again expand fuel capacity after big shrink

U.S. oil refiners again expand fuel capacity after big shrink

U.S. crude oil refining capacity has reversed two years of decrease and mounts up by more than 100,000 barrels, to...
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Demonstrative Test Sail of a Tugboat Using Marine Biodiesel Fuel at Nagoya Port-Efforts Toward Decarbonization

Demonstrative Test Sail of a Tugboat Using Marine Biodiesel Fuel at Nagoya Port-Efforts Toward Decarbonization

  “K” Line Port Service Co., Ltd., a group company of Kawasaki Kisen Kaisha., Ltd. (“K” LINE), conducted a demonstrative...
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IAPH supports methanol bunkering at ports with safety checklists

IAPH supports methanol bunkering at ports with safety checklists

Methanol comes out as a potential alternative bunkering fuel for shipping. When generated from sustainable hydrogen and CO2 by direct...
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Bringing a Green Future Closer: RINA awards AiP for AURELIA’s Green Retrofit Solution for 205k DWT Bulk Carrier

Bringing a Green Future Closer: RINA awards AiP for AURELIA’s Green Retrofit Solution for 205k DWT Bulk Carrier

RINA has been awarded Approval in Principle (AiP) for a green retrofit package solution planned by the innovative naval architecture...
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Drought-hit Panama Canal further restricts the maximum ship depth

Drought-hit Panama Canal further restricts the maximum ship depth

The Panama Canal will widen restrictions on the largest ships crossing the waterway, one of the world’s hard-pressed trade passages,...
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Container shipping divide: Cargo rates weaken, ship rents ‘robust’

Container shipping divide: Cargo rates weaken, ship rents ‘robust’

Everyone knew the container shipping boom would end — it was a one-off spike driven by a pandemic and government...
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Maersk to pioneer first container vessel conversion to methanol dual-fuel engine

Maersk to pioneer first container vessel conversion to methanol dual-fuel engine

As the first in the shipping industry, A.P. Moller – Maersk (Maersk) will retrofit an existing ship to a dual-fuel...
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