News Flash

G7’s Russian oil tanker ban shows teeth, but bite is in doubt

G7’s Russian oil tanker ban shows teeth, but bite is in doubt

The G7’s proposed plan to bar tankers from hauling Russian oil ups the ante in the West’s economic stand-off with...
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EU, G7 weigh ban on maritime services for Russian oil exports, end to price cap

EU, G7 weigh ban on maritime services for Russian oil exports, end to price cap

The Group of Seven countries and the European Union are in talks to replace a price cap on Russian oil...
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EU ports handled 3.4 bn tonnes of freight in 2024

EU ports handled 3.4 bn tonnes of freight in 2024

In 2024, the EU sea ports handled around 3.4 billion tonnes of freight (total gross weight). While this freight volume...
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War insurance costs spike for ship owners as Black Sea threats grow

War insurance costs spike for ship owners as Black Sea threats grow

War insurance costs for ships sailing to the Black Sea have spiked again, with insurers reviewing policies daily as the...
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ASRY Signs Major Strategic Agreements to Strengthen Maritime Capabilities

ASRY Signs Major Strategic Agreements to Strengthen Maritime Capabilities

Arab Shipbuilding and Repair Yard (ASRY) has signed new agreements with leading Italian companies Fincantieri and Roboze to boost naval...
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ClassNK issues General Design Approval (GDA) for Low-pressure LCO2 Cargo Tank developed by Mitsubishi Shipbuilding

ClassNK issues General Design Approval (GDA) for Low-pressure LCO2 Cargo Tank developed by Mitsubishi Shipbuilding

ClassNK has issued a General Design Approval (GDA) for Low-pressure LCO2 Cargo Tank developed by Mitsubishi Shipbuilding Co., Ltd. This...
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Dalian iron ore ends week lower on improved supply, soft Chinese demand

Dalian iron ore ends week lower on improved supply, soft Chinese demand

Dalian iron ore futures slid on Friday and ended the week lower, as rising year-end seaborne shipments and tepid Chinese...
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The Embassy and General Consulate of Panama in Greece hosted their first International Conference in the city of Athens

The Embassy and General Consulate of Panama in Greece hosted their first International Conference in the city of Athens

The Embassy and General Consulate of Panama in Greece, held their first International Conference titled “Panama: A Strategic Hub to...
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Floating Storage Hits Three-Year High

Floating Storage Hits Three-Year High

A data-driven review facilitated by the Floating Storage platform report shows the seasonality of floating storage since 2022 across VLCC,...
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Commercial complications of FuelEU

Commercial complications of FuelEU

The maritime world is still coming to terms with the shift brought about by the introduction of FuelEU Maritime. But while the regulation’s technical...
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LNG Shipping: Australia Losing Market Share

LNG Shipping: Australia Losing Market Share

Despite this year’s rebound in seaborne LNG exports, it seems that Australia is going backwards, losing further ground to the...
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The Port of Valencia presents the results of H2PORTS, Europe’s largest pilot project for hydrogen-powered port machinery

The Port of Valencia presents the results of H2PORTS, Europe’s largest pilot project for hydrogen-powered port machinery

The Port of Valencia today hosted the final conference of the H2PORTS project, a pioneering initiative that has enabled the...
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Alfa Laval showcases PureBallast 3 Ultra reactor for the first time at Marintec

Alfa Laval showcases PureBallast 3 Ultra reactor for the first time at Marintec

Alfa Laval unveils the PureBallast 3 Ultra reactor for ballast water management for the first time at Marintec 2025 in...
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Diana Shipping Inc. Announces Time Charter Contracts for m/v DSI Pollux With Stone Shipping and m/v DSI Andromeda With Western Bulk

Diana Shipping Inc. Announces Time Charter Contracts for m/v DSI Pollux With Stone Shipping and m/v DSI Andromeda With Western Bulk

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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NYK: Two New LNG Carriers for QatarEnergy Named Sharq and Shra’ouh

On December 3, a joint venture company comprising NYK, Kawasaki Kisen Kaisha, Ltd., MISC Berhad, and China LNG Shipping (Holdings)...
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Anglo-Eastern and Orca AI forge strategic alliance to bring AI-assisted navigation to 750 vessels

Anglo-Eastern and Orca AI forge strategic alliance to bring AI-assisted navigation to 750 vessels

Anglo-Eastern Ship Management and Orca AI have entered into a strategic partnership that will see Anglo-Eastern support the installation of...
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DNV awards CMES-Tech TADC for new 35m tilting rotorsail design

DNV awards CMES-Tech TADC for new 35m tilting rotorsail design

DNV has granted a Type Approval Design Certificate (TADC) to CSSC Shanghai Marine Energy Saving Technology Co., Ltd. (CMES-Tech) for...
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EU to phase out Russian oil imports by end of 2027

EU to phase out Russian oil imports by end of 2027

The European Union has committed to phase out all remaining imports of Russian oil by the end of 2027 and...
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HSFO discount narrows in stronger bidding

HSFO discount narrows in stronger bidding

Asia’s high sulphur fuel oil (HSFO) market logged a narrower discount on Thursday as stronger bids emerged, though onshore inventories...
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Shadow tanker operators buy old ships, scrap older for fleet renewal

Shadow tanker operators buy old ships, scrap older for fleet renewal

Tanker operators focusing on sanctioned trades have continued to acquire aged ships in secondhand markets this year to renew their...
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