News Flash

Covering the distance to shipping’s nuclear opportunities

Covering the distance to shipping’s nuclear opportunities

The number of stakeholders engaging with nuclear ship propulsion in 2025 indicates that the maritime industry is eager to expand...
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Sanctioned naphtha tanker from Russia enters Venezuelan waters, others dither, ship data shows

Sanctioned naphtha tanker from Russia enters Venezuelan waters, others dither, ship data shows

A sanctioned tanker carrying some 300,000 barrels of naphtha from Russia entered Venezuelan waters late on Thursday, while three others...
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Tankers: VLCC Market in Sharp Correction

Tankers: VLCC Market in Sharp Correction

Clean LR2 MEG LR2’s softened modestly this week. The TC1 75kt MEG/Japan index came down from WS154.17 to WS149.72. This...
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Maersk completes first Red Sea voyage in nearly two years

Maersk completes first Red Sea voyage in nearly two years

Danish shipping company Maersk said on Friday that one of its vessels successfully navigated the Red Sea and Bab el-Mandeb...
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US tanker seizure in extraterritorial waters hinges on Venezuela’s terrorism designation: experts

US tanker seizure in extraterritorial waters hinges on Venezuela’s terrorism designation: experts

The oil tanker the US seized near Venezuela was a unique test case for the Trump administration and could signal...
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Ocean Yield AS: Investment in LNG carriers on long-term charters

Ocean Yield AS: Investment in LNG carriers on long-term charters

Ocean Yield AS is pleased to announce that it has agreed to co-invest alongside Nippon Yusen Kabushiki Kaisha (“NYK Line”)...
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Bureau Veritas classes its first methanol dual-fueled container ship as CMA CGM ANTIGONE delivered by CSSC Jiangnan Shipyard

Bureau Veritas classes its first methanol dual-fueled container ship as CMA CGM ANTIGONE delivered by CSSC Jiangnan Shipyard

Bureau Veritas Marine & Offshore (BV) has classed its first methanol-fueled containership, CMA CGM ANTIGONE. The 15,000 TEU methanol dual-fuel...
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Inchcape Shipping Services Joins the Achilles Maritime Network to Strengthen ESG and Supply Chain Oversight

Inchcape Shipping Services Joins the Achilles Maritime Network to Strengthen ESG and Supply Chain Oversight

Inchcape Shipping Services (ISS), one of the world’s largest providers of port agency and maritime services, has strengthened its collaboration...
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EU sanctions 41 more Russian shadow fleet tankers in latest crackdown

The European Union imposed sanctions on 41 additional vessels from Russia’s shadow oil tanker fleet Dec. 18, expanding restrictions designed...
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West African oil struggles to find buyers as global surplus builds

West African oil struggles to find buyers as global surplus builds

West African crude oil sellers are struggling to find buyers for up to 26 December- and January-loading cargoes due to...
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Wrist Acquires Delaware Ship Supply, Expanding its Coverage on the U.S. East Coast

Wrist Acquires Delaware Ship Supply, Expanding its Coverage on the U.S. East Coast

Wrist, the world’s largest supplier of provisions, stores and spare parts logistics for vessels and offshore, today announces the acquisition...
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Hi-5 fuel spread narrows by more than 10% on the week

Hi-5 fuel spread narrows by more than 10% on the week

Asia’s prompt hi-5 fuel oil spread narrowed by more than 10% week-on-week, after the high sulphur fuel oil (HSFO) market...
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Clean tech producers call on EU to boost support for green shipping fuels in Europe

Clean tech producers call on EU to boost support for green shipping fuels in Europe

According to the recently published Sustainable Transport Investment Plan (STIP), decarbonising the shipping industry is estimated to require between €35...
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US senator presses tanker giants over cartel-linked fuel smuggling at sea

US senator presses tanker giants over cartel-linked fuel smuggling at sea

U.S. Senator Ron Wyden has contacted seven maritime shipping companies as part of an inquiry into cartel-linked fuel smuggling between...
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Baltic index falls to over one-month low

Baltic index falls to over one-month low

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry bulk commodities, fell to an...
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Iron ore extends gains on improving steel margins, restocking hopes

Iron ore extends gains on improving steel margins, restocking hopes

Iron ore futures extended gains on Thursday, aided by improved steel margins and the expectation of feedstock replenishment among steel...
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Global Fuel Supply moves from chartering to ownership with first vessel purchase

Global Fuel Supply moves from chartering to ownership with first vessel purchase

Global Fuel Supply (GFS) has acquired its first owned tanker, marking a milestone as the company transitions from chartered tonnage...
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ClassNK issues Approval in Principle (AiP) for Multiple Alternative Fuels Ready (Ammonia/Methanol/LNG) and OCCS Ready Bulk Carrier by Oshima Shipbuilding

ClassNK issues Approval in Principle (AiP) for Multiple Alternative Fuels Ready (Ammonia/Methanol/LNG) and OCCS Ready Bulk Carrier by Oshima Shipbuilding

ClassNK has issued approval in principle (AiP) for a concept design of the Multiple Alternative Fuels Ready (Ammonia/Methanol/LNG) and OCCS...
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LR and Mawani partnership to enhance skills and operational performance across Saudi Ports

LR and Mawani partnership to enhance skills and operational performance across Saudi Ports

Completion of 39 bespoke courses for 140 Mawani professionals marks the most extensive single-client training programme delivered by LR. Lloyd’s...
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HD Korea Shipbuilding shares new technologies at MIT maritime forum

HD Korea Shipbuilding shares new technologies at MIT maritime forum

Major shipbuilding and engineering firm HD Korea Shipbuilding & Offshore Engineering (KSOE) shared its ship operation and carbon reduction technologies...
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