News Flash

A smaller domestic cargo ship reported to the Japan Coast Guard that its cargo had shifted causing the vessel to...

Expensive offshore exploration setbacks for international oil majors including Shell Plc and Exxon Mobil Corp. are throwing cold water on...

In the year to date, scrubber-fitted VLCCs have earned about $11,000 more per day on the spot market compared with...

Brazil will sign an agreement with ten countries on 19 May to establish a faster clearance procedure for imported and...

In order to blunt the effects of the Russian blockade of Ukraine's Black Sea coast, the European Commission is taking...

Highlights• World oil demand growth is forecast to slow to 1.9 mb/d in 2Q22 from 4.4 mb/d in 1Q22 and...

Identifying emerging threats to maritime security is key in developing the right tools to ensure sound maritime security governance. To address...

Cadeler has signed a $345m contract with Cosco Shipping Heavy Industries for a construction of a jack-up foundation installation vessel....

Bureau Veritas (BV), a world leader in testing, inspection, and certification, recently approved the second generation of the REXH2® developed...

Strengthening port security is the focus of a five-day workshop (9-13 May) in Antananarivo, Madagascar. IMO officials are assisting the...

CMA CGM Group is implementing the shipping industry’s first early container return incentive program focusing on the Port of Los...

Crude Oil Price Movements Crude oil spot prices dropped in April after three-consecutive months of rises. The OPEC Reference Basket...

DP World Chile has managed to reduce emissions at its San Antonio and Lirquén port terminals by 50% and 30%,...

The International Chamber of Shipping (ICS) and the Suez Canal Authority (SCA) have formalised dialogue with the signing of an...

Norway’s Government has thrown its weight behind a drive to boost the offshore wind sector, laying down a target of...

Singapore-headquartered Swire Shipping has joined liner shipping representative body the World Shipping Council (WSC). The 150-year-old company operates in the...

Aquadrill, formerly known as Seadrill Partners, has entered into a memorandum of agreement with Brazil’s PetroRio to sell the semi-submersible...

UK-based marine energy company Sustainable Marine has harnessed the enormous tidal currents in Canada’s Bay of Fundy, delivering the first...

In Q1 2022, TORM achieved TCE rates of USD/day 16,743 (2021, same period: USD/day 13,493) and an EBITDA of USD...

The world’s first autonomous commercial ship voyage in congested waters, powered by Orca AI, in partnership with the Designing the...