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Cyprus approves green shipping incentives for 2024

The Cabinet of Ministers, led by Deputy Minister of Shipping Marina Hadjimanoli, this week approved updated green incentives for the...
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Shipping big hitters endorse InterManager’s new General Principles

Industry big hitters have given their support to InterManager’s ground-breaking General Principles of Conduct and Action, endorsing the impact they...
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Maersk warns oversupply to hit profits and plays down Red Sea boost

Maersk warned on Thursday that container shipping overcapacity would hit profits more than expected this year and that it didn’t...
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The baltic index falls for a second straight session on softer capesize rates

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for a second consecutive...
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VLGC rates rebound after hitting floor as shipowners hold ground

Very Large Gas Carrier rates on the key Persian Gulf-Japan route reached near 35-month lows around $31.50/mt Feb. 2-5 before...
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Equinor CEO points to increasing industrial gas demand in Europe

Norway’s state-controlled Equinor is paying close attention to signs of industrial gas demand recovery in Europe as part of its...
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Iron ore rebounds from two-week low on China stimulus hopes

Most ferrous metals and material futures rose on Wednesday, in tandem with Chinese equities, after Beijing signalled that authorities were...
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Indian LNG imports to hit 150 mln tons by 2030 -Petronet LNG CEO

Indian liquefied natural gas (LNG) imports are forecast to jump to 150 million metric tons per year (tpy) by 2030...
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NYK Takes Delivery of Japan’s First LNG-Fueled Capesize Bulk Carrier Decarbonizing JFE’s Supply Chain

A naming ceremony was held on January 30 for an LNG-fueled capesize bulk carrier that was ordered by NYK and...
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OneCare Solutions announces merger with Marine Medical Solutions to enhance 360-degree health and wellbeing service to maritime industry

Leading health and wellbeing support service provider, OneCare Solutions (OCS) has reconfirmed its dedication to the health and wellbeing of...
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Crew in Trouble: Trade Union Helps the Crew of VYSSOS

At the end of last month, an extraordinary incident occurred at the Bystre mouth. The dry cargo ship VYSSOS (IMO...
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Asia Fuel Oil-Premiums steady in thin trade but supply pressure weighs

Asia’s fuel oil cash premiums were little changed in thin trade on Wednesday, though supply pressure put a lid on...
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Baltic index logs worst day in a week as capesize rates fall

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, recorded its biggest daily fall...
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Red Sea tensions drive down WAF Suezmax rates, disrupt Persian Gulf trade flows

Disruption in the Red Sea has led to an influx of westward ballasters into the Atlantic region from the Persian...
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DNV study validates energy efficiency gains for LNG carriers enabled by ABB and MAN DFE+ propulsion solution

DNV has quantified the gains that owners of liquefied natural gas (LNG) carriers could expect to achieve using the new...
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India to sign deal extending LNG imports from Qatar till 2048, lowering costs

The first 25-year deal is to expire in 2028 and is now being extended for 20 additional years. The second...
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Turkey, Brazil became main importers of Russian seaborne oil products in 2023

Turkey and Brazil last year became the biggest importers of Russian seaborne diesel and gasoil after European Union sanctions barring...
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Yemen Houthi leader says group will further escalate if attacks on Gaza do not stop

The leader of Yemen’s Iran-aligned Houthis said on Tuesday that the group will further escalate if the Israeli attack on...
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Asia Distillates-Margins at more than 3-mth high, physical markets quiet

Asia’s middle distillates refining margins firmed to a more than three-month high of above $26 a barrel, reflecting the support...
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Saudi Arabia keeps Arab Light crude price to Asia unchanged in surprise move

Top oil exporter Saudi Arabia unexpectedly kept March price of its flagship Arab Light crude to Asia unchanged at a...
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