News Flash

WAF-UKC Suezmax freight hits over three-year high amid soaring VLCC rates

WAF-UKC Suezmax freight hits over three-year high amid soaring VLCC rates

The West African Suezmax segment has seen freight rates reach their highest levels since November 2022, with market sources pointing...
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Escalating Israel–Iran conflict threatens Gulf shipping

Escalating Israel–Iran conflict threatens Gulf shipping

Recent attacks between Israel-US and Iran have significantly heightened tensions, raising concerns about the safety of merchant vessels in and...
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Harmonized regulation key to unlocking investments in scaling OCCS for maritime decarbonization

Harmonized regulation key to unlocking investments in scaling OCCS for maritime decarbonization

As the International Maritime Organization (IMO) prepares to open discussions at the 12th session of its Sub-Committee on Human Element,...
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Britain’s Shore Power Problem Is Not Technology — It’s Economics

Britain’s Shore Power Problem Is Not Technology — It’s Economics

The commercial challenges facing publicly funded shore power projects in Aberdeen and Portsmouth should not be dismissed as local pricing...
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UK backs maritime services ban on crude oil, refined products

UK backs maritime services ban on crude oil, refined products

The UK would support a full maritime services ban on Russian crude oil and refined products, even without US backing,...
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The Week in Alt Fuels: Spain anchors Iberian biomethane push

A recent report by industry body Gasnam projects that the Iberian Peninsula could overtake the Netherlands as Europe’s leading bunkering...
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ClassNK releases `FAQs on the EU-ETS for Shipping (3rd Edition’ and `FAQs on the FuelEU Maritime (5th Edition)’

ClassNK releases `FAQs on the EU-ETS for Shipping (3rd Edition’ and `FAQs on the FuelEU Maritime (5th Edition)’

ClassNK has released `FAQs on the EU-ETS for Shipping (3rd Edition)’ and `FAQs on the FuelEU Maritime (5th Edition) *1.’...
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Greece’s Atlantic SEE inks four LNG MOUs with European buyers

Greece’s Atlantic SEE inks four LNG MOUs with European buyers

Atlantic SEE LNG Trade has inked four memorandums of understanding to supply US LNG to Southeast European buyers, a spokesperson...
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Treasury Targets Iran’s Shadow Fleet, Networks Supplying Ballistic Missile and ACW Programs

Treasury Targets Iran’s Shadow Fleet, Networks Supplying Ballistic Missile and ACW Programs

This week, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned over 30 individuals, entities, and...
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U.S. Treasury Expands Pressure on Iran’s Shadow Fleet and Weapons Procurement Networks

U.S. Treasury Expands Pressure on Iran’s Shadow Fleet and Weapons Procurement Networks

OFAC sanctioned 12 shadow fleet vessels involved in transporting Iranian petroleum and petrochemicals. Multiple shipping companies and vessel owners were...
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Maersk Redirects Sailings to Avoid Red Sea Once Again

Maersk Redirects Sailings to Avoid Red Sea Once Again

We are currently experiencing unforeseen constraints arising from the wider operating environment in the Red Sea region. After conversations with our...
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The EU Maritime Services Ban That Didn’t Pass: Implications for Russian Trade

The EU Maritime Services Ban That Didn’t Pass: Implications for Russian Trade

A Sanctions Escalation That Stalled The European Union’s proposed maritime services ban on Russia was expected to mark a structural...
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Baltic Dry Index Snaps 2-Day Losing Run

Baltic Dry Index Snaps 2-Day Losing Run

The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, halted a two-day losing streak on...
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Experts from the Valenciaport UV Chair point to greater prominence for European and Latin American routes due to geopolitical tensions

Experts from the Valenciaport UV Chair point to greater prominence for European and Latin American routes due to geopolitical tensions

“The geopolitical tensions following Donald Trump’s arrival on the scene are transforming the world’s major shipping routes, posing a significant...
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MOL Succeeds in World’s 1st LED Lighting Experiment Powered by Seafloor Hydrothermal Energy Through NEDO R&D Project

MOL Succeeds in World’s 1st LED Lighting Experiment Powered by Seafloor Hydrothermal Energy Through NEDO R&D Project

Mitsui O.S.K. Lines, Ltd. yesterday announced that it has completed the world’s first successful LED lighting demonstration test utilizing “Seafloor...
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Baleària improves its turnover and EBITDA figures in 2025 thanks to the boost from its international routes

Baleària improves its turnover and EBITDA figures in 2025 thanks to the boost from its international routes

Baleària closed the 2025 financial year with robust financial results that consolidate its business model and strengthen its position in...
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Ernst Russ AG strengthens exposure to multipurpose segment

Ernst Russ AG strengthens exposure to multipurpose segment

With the acquisition of two multipurpose vessels, MV “Ronnie” and MV “Charlie”, the Ernst Russ Group continues to advance the...
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Throughput in the port of Rotterdam shows a slight decline

Throughput in the port of Rotterdam shows a slight decline

Throughput in the port of Rotterdam fell by 1.7% in 2025. This brought total throughput to 428.4 million tons. The...
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R&D Project Takes Step Towards CO₂-Neutral Propulsion

R&D Project Takes Step Towards CO₂-Neutral Propulsion

Everllence has taken a step towards the development of CO₂-neutral propulsion systems with the announcement that a research-engine test bench...
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NorthStandard white paper provides expert group guide on biofuel path to decarbonization

NorthStandard white paper provides expert group guide on biofuel path to decarbonization

NorthStandard has published a new white paper focusing on the accelerating adoption of biofuels in commercial shipping. ‘Biofuels – Driving...
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