A rescue operation is under way for the crew of a Panama-flagged cargo vessel that was abandoned off the port of Hodeidah in the Red Sea, three maritime security...
Global Ship Lease, Inc., an owner of containerships, announced today that it has contracted to purchase four high-reefer ECO-9,115 TEU containerships (the “Newly Acquired Vessels”) with an average age...
NAVTOR believes it has “simplified the complexity” of FuelEU Maritime with a major update to its NavFleet ship operations platform. Released today, NavFleet 2.1 boasts the ability to automate...
LPG shipping has hit headwinds, including an oversupplied market and muted trade growth, but new ordering in 2024 has maintained its momentum, writes Drewry Maritime Research senior lead analyst,...
The United States is imposing sanctions on 35 entities and vessels that play a critical role in transporting illicit Iranian petroleum to foreign markets. This action imposes additional costs...
Japan-delivered LSFO prices are currently the cheapest among the major regional bunkering locations for the first time this year following a sluggish November, with demand prospects in December remaining...
The formation of new alliances and dissolution of old ones is set to reshape the shipping industry in 2025 as major players jostle for market share in an increasingly...
Spot premiums for fuel oil narrowed further in Asia on Wednesday, while the market eyed several sales tenders from regional refiners this week. Singapore cash premium for very low...
Northwestern Europe Supply pressures have eased across all three grades in the ARA this week, a trader told ENGINE. Bunker availability is back to normal and lead times of...
“We still want to own car carriers. However, considering issues such as European tariff problems and the sense of stagnation in electric vehicle (EV) demand, it is difficult to...
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