News Flash

Okeanis Eco Tankers Corp. – $113 Million Term Loan Facility

  Okeanis Eco Tankers Corp. announced the closing of a new $113 million senior secured credit facility (the “Facility”) provided...
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Brazil’s oil output up 1.9% in May, the regulator says

Brazil’s oil production rose 1.9% in May from the previous month to 3.2 million barrels of oil per day, which...
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Baltic index hits multi-week low on retreat for larger vessels

The Baltic Exchange’s main sea freight index on Tuesday fell to its lowest level in nearly four weeks, pressured by...
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Panama Canal commemorates seventh anniversary of the Neopanamax Locks

On June 26, 2016, thousands of people observed the beginning of a new era for the country with the inauguration...
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Shipping faces showdown over greenhouse gases

The shipping industry is under growing pressure to dramatically curb planet-warming emissions from smokestacks. Maritime transport emits as much CO2...
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Alma Clean Power announces breakthrough in direct ammonia fuel cells

Alma Clean Power successfully tests world’s first 6 kW direct ammonia fuel cell system. The accomplishment represents a significant milestone...
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Energy security back on the menu for Asian importers after Russia unrest

The attempted military coup in Russia has resurfaced energy security concerns among Asian oil and gas importers after a brief...
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Russia to cut oil exports by 500,000 bpd in August, oil rises

Russia will cut oil exports by 500,000 barrels per day (bpd) in August, President Vladimir Putin’s point man on oil...
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Iron ore slumps as China production cuts spark fears of demand drop

Dalian and Singapore iron ore futures slipped on Monday as traders became cautious of faltering demand after China’s top steelmaking...
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South Korea’s NOFI buys corn in tender for up to 138,000 metric tons

Leading South Korean animal feed maker Nonghyup Feed Inc. (NOFI) has bought animal feed corn from optional origins in an...
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Johor Port Partners With Mohr To Elevate Tvet

Johor Port Berhad (Johor Port), a member of MMC Group, recently signed a three-year Memoranda of Cooperation (MoC) with the...
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Singapore’s MPA sees first ammonia bunkering from 2026, methanol pilot to pave way

The Maritime and Port Authority of Singapore expects ammonia bunkering to take place in its waters from 2026, following the...
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Waning vessel demand drags Baltic index lower

The Baltic Exchange’s main sea freight index recorded its lowest level in two weeks on Monday as demand fell across...
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Handling of cargo samples

Cargo samples hold significant importance in protecting tanker ship owners against potential cargo claims, necessitating the utmost care in their...
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Maersk hosts Equal At Sea 2023: Charting a course towards an inclusive future

A.P. Moller – Maersk (Maersk), a global integrator of logistics, held the second edition of Equal At Sea 2023 with...
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S. Korea: Union protests hasty hiring of unskilled foreign shipbuilding workers

Labor unions of Korea’s shipbuilders criticized the government and their employers, for trying to overcome a shortage workers in the...
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Cargo Demands Hold Steady at Port Houston

The Port Commission of the Port of Houston Authority held its regular meeting on Tuesday, June 27. During the meeting,...
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US crude oil output fell in April as demand slowed -EIA

U.S. field production of crude oil fell in April to 12.615 million barrels per day (bpd), its lowest since February,...
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GMS Week 26 – SUMMER LULL(ING)!

Ongoing Eid holidays and a serious lack of tonnage have meant a much quieter week in the ship-recycling industry, as the...
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IMO makes little headway on the building blocks towards an equitable and climate aligned GHG strategy

The fifteenth Intersessional Working Group on Greenhouse Gases (ISWG GHG 15) that concluded today, is the final working group meeting...
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