News Flash

The United States is continuing to look for creative ways to reduce Russia’s oil revenue and lower global demand for...

Crude Oil Price Movements In November, the OPEC Reference Basket (ORB) value dropped by $1.47, or 2.0%, month-on-month (m-o-m), to...

Norwegian shipping technology company CryoVac has received an Approval in Principle (AiP) from classification society DNV for its vacuum insulation...

Iridium Communications Inc. announced the service launch of Iridium Certus® GMDSS, a generational advancement in maritime satellite communication safety services....

A leading maritime consultancy ranks VesselBot’s Supply Chain Sustainability Platform as the top choice for accurate and reliable carbon dioxide...

Asia’s spot fuel oil benchmarks steadied on Wednesday after the market’s recent downtrend, while overall trading momentum was largely thin....

Several low-carbon hydrogen and ammonia tenders in the Asia-Pacific region are expected to provide crucial insights into the readiness for...

Oil products inventories at the UAE’s Port of Fujairah dropped 9.6% in the week ended Dec. 9, again led by...

Russia’s Novatek-owned Yamal LNG plant has deployed the LNG tanker Axios II for ship-to-ship operations in the Barents Sea, LSEG...

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, extended losses to...

The port of Rotterdam faces major challenges and opportunities arising from the expected growth in container volume to and from...

KVH Industries, Inc. (Nasdaq: KVHI), today announced that Seaspan Corporation (Seaspan), a world leading independent containership lessor, has signed an...

Coach Solutions, a leading SaaS provider in the shipping industry, has upgraded its Vessel Reporting functionality to support compliance with...

On 16 November, the leaders and trade ministers of the Asia Pacific Economic Cooperation (APEC), covering more than 60% of...

Eastern Pacific Shipping (EPS) has strengthened its collaboration with bound4blue by contracting three 22-meter high eSAIL® suction sails. The fully...

China’s crude imports rose 12.2% month over month to a 15-month high of 11.86 million b/d (48.52 million mt) in...

Introduction Letters of Indemnity (“LOI”) are often used to facilitate efficient trade. For instance, when the bills of lading have...

China’s iron ore imports in November fell 1.91% from October, customs data showed on Tuesday, as shipments slowed ahead of...

The maritime industry is at a pivotal moment in its decarbonisation journey. Over the past decade, the sector has transitioned...

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to 15-month...