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India poised to sharply cut Russian oil imports after sanctions, sources say

India poised to sharply cut Russian oil imports after sanctions, sources say

Indian refiners are poised to sharply curtail imports of Russian oil to comply with new U.S. sanctions on two top...
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HD KSOE awarded DNV AiP for SMR-powered container vessel design

HD KSOE awarded DNV AiP for SMR-powered container vessel design

Classification society DNV has awarded HD Korea Shipbuilding & Offshore Engineering (HD KSOE) an Approval in Principle (AiP) for a...
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Market impact from new US, China port fees less than expected – analyst

Market impact from new US, China port fees less than expected – analyst

New port fees applied by China and the US on each other’s vessels that took effect on 14 October have...
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HSFO rebounds slightly; inventories dip but remain high

HSFO rebounds slightly; inventories dip but remain high

Asia’s spot market for high sulphur fuel oil (HSFO) recovered slightly on Thursday, while onshore residual inventories in Singapore eased...
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Shipping industry finds fresh momentum at Annual Summit following IMO delay

Shipping industry finds fresh momentum at Annual Summit following IMO delay

Only days after the International Maritime Organization’s (IMO) Member States voted to postpone a decision on the Net-Zero Framework (NZF)...
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Fugro completes site investigations for TenneT’s offshore grid connection projects

Fugro completes site investigations for TenneT’s offshore grid connection projects

Fugro has completed comprehensive land and marine site investigations for TenneT Germany, a leading European transmission system operator, to support...
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Second Edition of ‘Ship to Ship Transfer Guide for Petroleum, Chemicals and Liquefied Gases’ Published

Second Edition of ‘Ship to Ship Transfer Guide for Petroleum, Chemicals and Liquefied Gases’ Published

The Chemical Distribution Institute (CDI), International Chamber of Shipping (ICS), Oil Companies International Marine Forum (OCIMF) and the Society of...
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Asia Fuel Oil: Market structure softens; regional supply stays ample

Asia Fuel Oil: Market structure softens; regional supply stays ample

The market structure for fuel oil softened in Asia on Tuesday, with prompt intermonth spreads for both high sulphur fuel...
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Chinese shipping firm places record order for grain transport vessels

Chinese shipping firm places record order for grain transport vessels

Cosco Shipping Bulk Co Ltd placed an order for 15 multipurpose grain transport ships on Oct 16, marking the largest...
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China gets tenth cargo from Russia’s Arctic LNG 2 despite sanctions

China gets tenth cargo from Russia’s Arctic LNG 2 despite sanctions

China has received a tenth cargo of liquefied natural gas (LNG) from Russia’s Arctic LNG 2 project, LSEG and Kpler...
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Daikin Reefer unveils Planexia – a new era of telematics

Daikin Reefer unveils Planexia – a new era of telematics

Daikin Reefer today announces the launch of Planexia, its advanced and innovative telematics brand, designed to bring practical value and...
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US, China port tariffs lend extra boost to VLCC freight rates

US, China port tariffs lend extra boost to VLCC freight rates

VLCC freight rates have surged as the onset of US and China port tariffs, with accompanying extra costs and fleet...
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New study reveals Korean and Chinese financiers and major European banks could be most exposed to climate risks in shipping

New study reveals Korean and Chinese financiers and major European banks could be most exposed to climate risks in shipping

A substantial portion of ship financing is tied to fossil fuel carriers that face risks of stranding in the global...
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DNV: Nuclear Propulsion Is A Viable Solution For Maritime Decarbonization

DNV: Nuclear Propulsion Is A Viable Solution For Maritime Decarbonization

According to a new paper by DNV, shifting environmental requirements are reigniting interest in nuclear propulsion as a long-term solution...
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Dry Bulk Second-Hand Sales on the Rise

Dry Bulk Second-Hand Sales on the Rise

The dry bulk market second-hand market was quite active last week. In its latest weekly report, shipbroker Xclusiv said that...
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Cyprus Maritime 2025: Strengthening Greece–Cyprus Cooperation in Shipping and Advancing Shipbroking Education

Cyprus Maritime 2025: Strengthening Greece–Cyprus Cooperation in Shipping and Advancing Shipbroking Education

Mr. John N. Cotzias, President of the Hellenic Shipbrokers Association (HSA), met with Ms. Marina Hadjimanolis, Shipping Deputy Minister of...
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Maritime Beyond Methane (MARBEM) partner responds to IMO decision to delay Net-Zero Framework vote

Maritime Beyond Methane (MARBEM) partner responds to IMO decision to delay Net-Zero Framework vote

In response to the International Maritime Organization’s (IMO) member vote on October 17 which saw a delay in adopting the...
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ABS Scales Cutting-Edge Immersive Maritime Training with Strategic Acquisition of MetaSHIP from Orka Informatics

ABS Scales Cutting-Edge Immersive Maritime Training with Strategic Acquisition of MetaSHIP from Orka Informatics

In a landmark deal to deliver immersive, next-generation training at scale to the maritime industry, ABS has signed an agreement...
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Tax sops for ships under Omani flag to boost marine transport

Tax sops for ships under Omani flag to boost marine transport

The Tax Authority has announced the suspension of the imposition of withholding tax on service contracts provided on board ships...
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“Disgraceful”: IMO Misses Boat on Tackling Shipping’s Contribution to Climate Change

“Disgraceful”: IMO Misses Boat on Tackling Shipping’s Contribution to Climate Change

The International Maritime Organization failed to adopt the world’s first-ever global, legally binding carbon price—postponing for a year a vote...
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