Global industry leaders build on momentum from previous COPs to strengthen targets and commit to increasing the uptake of zero or near-zero GHG emission shipping fuels to at least 5%, striving for 10%, by 2030. Lloyd’s Register Maritime Decarbonisation Hub has joined...

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The Baltic Exchange’s main sea freight index rose for a sixth consecutive session on Tuesday, reaching nearly a one-month high, driven by strong gains in capesize and panamax vessel rates. The index, which factors in rates for capesize, panamax and supramax shipping...

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Asia’s middle distillates markets saw a record number of spot deals on the trading window for the first time this year, as selling pressures heated up with more than 1.2 million barrels being traded, while refiners emerged with more December spot sales. A total of...

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Propspeed, the leading innovator of underwater foul-release coatings, announced today the successful evaluation of its coating system on VREMAR SRL’s crew support vessel King David. Conducted by Technical Manager, Massimiliano Rossetti and the vessel owner Marco...

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Saudi Arabia’s crude oil supply to China is set to fall to about 36.5 million barrels in December, trade sources said on Monday, on weak demand from the world’s largest importer. This is a second straight month of decline and the lowest volume since July, down from...

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Ship types included for MRV reporting Offshore ships above 400 GT are required to start reporting GHG emissions from 1 January 2025. The adopted Delegated Regulation (to be published by the end of 2024) amends the EU MRV Regulation 2015/757 stating that the following...

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