News Flash

Goldman Sachs revealed in a note Monday morning that it has raised its long-dated oil price assumption by $9 per...

Crude Oil Price Movements In June, the OPEC Reference Basket (ORB) value dropped by $24.80/b, m-o-m, to average $89.75/b. The...

Kongsberg Maritime ASA yesterday announced an agreement to acquire the Swedish company The company is a leading designer and manufacturer...

Ukraine has extended its targets to include fuel tankers as it continues to attack Russian oil refining and exporting assets....

South Korea’s three largest shipbuilders are on track to post a combined annual operating profit of 10 trillion won ($6.6...

The ‘Powering the next generation of feeder vessels’ campaign combines classification, advisory and digital services to support newbuild planning, retrofit...

The United States and Iran each asserted Monday they controlled the Strait of Hormuz after a weekend of attacks stretching...

IMO Council defends freedom of navigation, international law and safety of seafarers. The Council of the International Maritime Organization (IMO)...

The number of tankers moving through the Strait of Hormuz dropped on Monday to its lowest level in two months,...

Floating storage of crude and condensate in East Asian waters declined month over month in June, with Southeast Asia volumes...

Findings from the Tokyo MoU and IACS indicate that routine testing may not reflect how emergency power systems perform during...

Hawaii-based shipping firm Matson has identified LNG as the fuel of choice for its long-term fleet strategy, citing the limited...

Boiler tubes play a critical role in both heat transfer and in maintaining the pressure integrity of marine boilers. When...

The United Kingdom has expanded the UK Emissions Trading Scheme (UK ETS) to the maritime sector from 1 July 2026....

Engine coolants play a critical role in protecting equipment performance, efficiency, and longevity. As cooling system technologies and coolant formulations...

The Strait of Hormuz is once again operating under full conflict conditions. Overnight into July 8, U.S. Central Command struck...

Vessel traffic remains subdued through the Strait of Hormuz as negotiations continue between the US and Iran, but US President...

A powerful 5G campus network has gone into operation at Hamburger Hafen und Logistik AG’s (HHLA) Container Terminal Altenwerder (CTA)....

The US says Iran must publicly state that the Strait of Hormuz is open and pledge to stop firing on...

The US said it launched a fresh wave of strikes on Iran after Tehran struck a ship passing through the...