News Flash
EU to set out plans to halt Russian gas imports by end-2027
Categories: News Flash
Date: May 07, 2025
The European Commission will next month propose a ban on new Russian gas deals by the end of this ye...
HD Hyundai and Maersk sign MOU for Cooperation on Decarbonisation Technology and Integrated Logistics Services
Categories: News Flash
Date: May 07, 2025
HD Hyundai and A.P. Moller – Maersk (Maersk) announced the signing of a Memorandum of Understandin...
Saudi Arabia can control oil supply. Demand could be its Achilles heel
Categories: News Flash
Date: May 07, 2025
Saudi Arabia has signalled it is willing to enter a painful price war to assert dominance over other...
East of Suez Fuel Availability Outlook
Categories: News Flash
Date: May 07, 2025
Singapore and Malaysia Bunker availability in Singapore is a bit tight, with VLSFO lead times of ...
Baseblue Successfully Executes LNG Ship-to-Ship Bunkering Operation in the Caribbean
Categories: News Flash
Date: May 07, 2025
Baseblue has completed its first liquefied natural gas (LNG) ship-to-ship (STS) bunkering operation ...
Nokia supplies private wireless to Maersk’s fleet for real-time cargo tracking
Categories: News Flash
Date: May 07, 2025
Nokia today announced that it has signed a contract with Danish global integrated logistics leader, ...
Better Safeguarding Measures are Needed to Support Sea Cadets
Categories: News Flash
Date: May 07, 2025
Sea cadets are increasingly struggling to complete their cadetships due to a shortage of available p...
Danelec Joins GTT Group to Advance Maritime Safety and Digital Performance
Categories: News Flash
Date: May 07, 2025
This strategic move creates a global, market-leading digital platform powered by high-frequency, hig...
India’s US crude imports surge nearly 100% on renewed energy diplomacy, China tariffs
Categories: News Flash
Date: May 07, 2025
India has doubled its crude purchases from the US, as higher availability of cargoes due to sluggish...
GCMD’s life cycle study quantifies net GHG emissions savings for pathways with Onboard Carbon Capture and Storage (OCCS)
Categories: News Flash
Date: May 07, 2025
A comprehensive life cycle assessment (LCA) conducted by the Global Centre for Maritime Decarbonisat...
US service sector picks up in April; price pressures rise
Categories: News Flash
Date: May 06, 2025
The U.S. services sector’s growth picked up in April as orders increased, boosting a measure of pr...
Roxtec Hellas opens in Piraeus in May
Categories: News Flash
Date: May 06, 2025
After 25 years of presence in Greece via a distributor, the world-leading developer and manufacturer...
Navigator Gas Announces Signing of $300 Million Senior Secured Term Loan and Revolving Credit Facility
Categories: News Flash
Date: May 06, 2025
Navigator Holdings Ltd., the owner and operator of the world’s largest fleet of handysize liquefie...
Bipartisan Bill Reintroduced to Enhance U.S. Shipbuilding, Maritime Sector, National Security
Categories: News Flash
Date: May 06, 2025
Highlights The Shipbuilding and Harbor Infrastructure for Prosperity and Security (SHIPS) for A...
The Switch to supply single drives for tanker newbuild quartet in China
Categories: News Flash
Date: May 06, 2025
The Switch, a leading provider of innovative power electronics for the marine industry, has won a co...
Yemen bans US crude oil exports through Red Sea
Categories: News Flash
Date: May 06, 2025
The Yemeni government has announced a sweeping ban on US crude oil in response to Washington’s con...
Enhancing Maritime Insurance Brokerage Services for Client Benefit
Categories: News Flash
Date: May 06, 2025
In the ever-changing world of maritime trade, the role of a marine insurance broker is pivotal. Prof...
Shipping biofuels: navigating new challenges with strategic solutions
Categories: News Flash
Date: May 06, 2025
The global biofuels market has witnessed massive growth over the last two decades, largely...
ESG Economist – Carbon price for shipping below transition cost
Categories: News Flash
Date: May 06, 2025
International shipping is responsible for about 2% of the world’s greenhouse gas emissions. This m...
Shipping Sectors’ Impact from USTR to Be Diverse
Categories: News Flash
Date: May 06, 2025
Some shipping sectors will be more impacted than others from the latest USTR notice on shipping fees...
BIMCO revises War Risks clauses for time and voyage charter parties
Categories: News Flash
Date: May 05, 2025
BIMCO has recently taken the opportunity to revise its most widely used War Risks clauses for time a...
Dry Bulk Market: Capesizes Supported by Tightening of Tonnage
Categories: News Flash
Date: May 05, 2025
The Capesize market maintained a generally firm tone this week, supported by a tightening of tonnage...
Trump’s call for free U.S. passage through Suez Canal sparks outcry in Egypt
Categories: News Flash
Date: May 05, 2025
U.S. President Donald Trump’s recent call for free passage of American ships through the Suez Cana...
Russian ESPO crude freight rates plunge amid tanker surplus
Categories: News Flash
Date: May 05, 2025
Freight rates for ESPO Blend crude oil being transported from the Russian port of Kozmino to destina...
South Korean refiners see slim chance of Iranian crude trade resumption under Trump
Categories: News Flash
Date: May 05, 2025
South Korean refiners and petrochemical producers have nearly ruled out the resumption of Iranian cr...
US LNG exports surge to new highs on strong buying by Europe
Categories: News Flash
Date: May 05, 2025
U.S. exports of LNG so far this year have surged by over 20% from the same period a year ago, driven...
LNG traders divert four US cargoes from Europe to Asia
Categories: News Flash
Date: May 05, 2025
Four cargoes of liquefied natural gas headed for Europe changed course to Asia in the last two weeks...
Are electric motors the future of shipping?
Categories: News Flash
Date: May 05, 2025
The two-minute trip across the Rhine on the Mondorf ferry used to be accompanied by clouds of sooty ...
IMO mid-term measures: expert guidance required following MEPC 83
Categories: News Flash
Date: May 05, 2025
As part of our recent webinar following MEPC 83, two of LR’s regulatory and advisory experts expla...
Tanker Market: Extreme Uncertainty is the New Norm
Categories: News Flash
Date: May 05, 2025
A prolonged period of too many unknowns seems to now be the new operating reality for tanker owners....
Last Chevron-chartered vessel starts to return oil cargo in Venezuela, data and source say
Categories: News Flash
Date: May 03, 2025
A vessel chartered by Chevron CVX carrying some 300,000 barrels of Venezuelan oil was set to start d...
HSBC says trade turmoil poses serious risks to global growth
Categories: News Flash
Date: May 03, 2025
Shifting global trade relations have increased economic uncertainty with serious risks to growth, ma...