Yearly Archives: 2025
New U.S. Tariff Deals May Ease Uncertainty but Keep Costs Elevated
U.S. secures new trade deals with the EU, Japan, Vietnam, and Indonesia, setting tariffs mostly between 15–20%, bringing more certainty for importers.
Transatlantic...
IMO Bans PFOS in Firefighting Media from 2026
SOLAS and HSC Code Amendments Prohibit PFOS Use.
New Rules Apply to All Ships from 1 January 2026.
Disposal of PFOS Media Must...
[Watch] London P&I Club Warns of P&I Cover Risks from Improper FIBC Handling
The London P&I Club has released a training video featuring the fictional MV Calm Sea to highlight risks in handling flexible intermediate bulk...
Tanker Shipping Financial Outlook and Market Drivers – July 2025
Tanker spot rates and stock prices remain volatile due to ongoing geopolitical tensions.
Middle East developments are expected to boost tanker companies’ Q2...
US Puts New Sanctions on Iran’s Shipping and Oil Trade
U.S. sanctions target over 115 Iran-linked individuals, entities, and vessels, marking the most significant action since 2018.
Measures focus on the shipping network...
Fujairah Oil Inventories Drop 17% to Two-Month Low
Refined Product Stocks at Fujairah Fall Across All Categories.
Fujairah Fuel Oil Exports Hit Five-Month High in July.
Naphtha Leads Non-Fuel Oil Exports...
India Finalises Technical Specs for VLGC Construction
STAC Clears VLGC Design; $120 Million Build Cost Estimated.
Govt Moves Ahead with Local VLGC Builds After Spec Approval.
VLGC Plans Progress as...
New EU Sanctions Target Russia’s “Shadow Fleet” and Tighten Oil Price Cap to $47.60/Barrel
On July 18, 2025, the European Union adopted its 18th package of sanctions against Russia, detailed in amended Regulation (EU) 833/2014 and Regulation (EU)...
Union Maritime Secures $130M for LNG and Wind-Assisted Tanker Pair
Union Maritime has secured $130 million in delivery financing for two LNG dual-fuel, wind-assisted LR2 tankers.
The vessels will feature BAR Technologies' WindWings,...
Structural Shifts and VLGC Oversupply Create Unique Challenges for Medium Gas Carriers
Medium Gas Carriers (MGCs), despite being a relatively small portion of the global LPG fleet (9%), have historically been crucial for seaborne LPG and...