News Flash
Memorandum of Understanding to Collaborate on Global Projects in the Field of Carbon Capture and Storage
Chiyoda Corporation (“Chiyoda”), Nippon Yusen Kabushiki Kaisha (“NYK Line”), and its affiliate Knutsen NYK Carbon Carriers AS (“KNCC”) are pleased...
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Wah Kwong and Bureau Veritas Deliver First SMART “Augmented Ship” in Newbuild Series
Wah Kwong Maritime Transport (“Wah Kwong”) and Bureau Veritas Marine & Offshore (“BV”) celebrated the delivery of the LR2 tanker...
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LNG Bunker Snapshot: Bunker premiums push Singapore prices higher
Rotterdam’s LNG bunker price has fallen on lower bunker premiums and declining gas benchmarks, while Singapore’s has surged amid sharply...
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Iran urges Houthis to ready Red Sea shipping attacks amid US tensions
Iran is pushing the Houthis to prepare for a renewed campaign against Red Sea shipping if the US escalates its...
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PPA S.A.: Financial Results for Fiscal Year 2025 – Further Increase in Revenue and EBITDA – Stable Dividend Policy
Piraeus Port Authority S.A. announced its financial results for fiscal year 2025, reporting record-high revenue and EBITDA, as well as...
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Maritime Technologies Forum Announces New Guidelines to Strengthen Safety Management for Ships Using Wind Assisted Propulsion Systems
The Maritime Technologies Forum (MTF) today announced the publication of new guidelines to support companies in developing and implementing Safety...
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War risk insurance cost off highs but still elevated in Persian Gulf
The Additional War Risk Premium for moving tankers across the Persian Gulf eased in the week ended March 27 as...
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International Chamber of Shipping and International Transport Workers’ Federation engage Gulf States on seafarer and shipping crisis in the Gulf
The International Chamber of Shipping (ICS) and the International Transport Workers’ Federation (ITF) have met representatives from Gulf States to address the ongoing conflict and its direct...
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Trans-Atlantic clean tanker rates surge on US export rise, Jones Act waiver
Clean tanker rates for Europe-bound cargoes from the US Gulf surged to multiyear highs in March, driven by stronger US...
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Baltic Dry Index at Near 3-Week Low, Posts Monthly Loss
The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, was down for a...
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Asian refiners pivot to US crude on Hormuz disruptions, lifting WTI spot premium
Spot premiums for US crude grades are expected to continue rising as Asian refiners ramp up WTI Midland crude imports...
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War speeds orders as Korea shipbuilders secure steady contracts
As it approaches a month since war broke out between the United States and Israel and Iran, the order books...
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US wants IMO to scrap Net-Zero Framework
The US has called on the IMO to “end consideration” of the Net-Zero Framework and not resume the Marine Environment...
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Strait of Hormuz Reopening Seen as Key to Oil and Fertilizer Flows
On Thursday after the market close, President Trump announced on Truth Social that the U.S. was pausing strikes on Iran’s...
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Why is the savings picture worsening across Europe?
European households are reporting a decline in savings compared to a year ago, with rising living costs and a growing...
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Trump touts “great progress” in Iran talks, but threatens further strikes
President Donald Trump touted “progress” in potential negotiations with Iran on Monday, but threatened to carry out strikes on a...
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Trump says ‘no problem’ for Russian tanker to deliver oil to Cuba
US President Donald Trump said Sunday that Moscow could send oil to Cuba despite Washington’s de facto fuel blockade, as...
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DHT Holdings, Inc. Strategic Fleet Update
DHT Holdings, Inc. continues its fleet modernization program with two key vessel announcements today. The Company has taken delivery of...
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Improving crew management for Filipino seafarers
The maritime industry has long relied on spreadsheets, emails, and fragmented tools to manage one of its most critical assets:...
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Mideast conflict sends energy, economic shockwaves across Europe
One month after the United States and Israel launched military strikes on Iran, rising energy prices and supply risks are...
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Recent News
Marine cargo insurance market continues to soften, reports IUMI 
Saudi Aramco boosts crude loadings after pipeline disruption
India’s crude import bill rises 48% to $74.8 bn in Apr-Aug amid high costs:
“ValenciaportPCS” launches a new feature to facilitate interaction between shippers and carriers
Coal Eases from 3-Month High