Freight Rates for Russian Oil to India Decline from Record Highs
Urals Oil Prices Drop Below $60, Lowering Shipping Costs.
Western Shipowners Resume Services for Russian Oil.
Freight Costs May Fall Further Amid Possible...
Norwegian Consortium Explores Carbon Capture on LNG-Fuelled Ships
The Norwegian LNGameChanger project aims to develop onboard carbon capture systems for LNG-fueled ships using solid oxide fuel cells (SOFC).
Led by HAV...
ClassNK Grants Approval to Rigid Windsail of OceanWings
ClassNK has issued an approval in principle (AiP) for a Rigid Windsail Type Wind-Assisted Propulsion System (WAPS) developed by OceanWings. The certification confirms its...
AD Ports & Oylz Terminals Ink 50-Year Deal for Petroleum Storage...
AD Ports Group has signed a 50-year agreement with UAE-based Oylz Terminals to establish a cutting-edge clean petroleum storage facility at Khalifa Port.
...
Monjasa Delivers First ISCC-Certified Biofuel in Panama
On 2 February 2025, Monjasa supplied 900 mts of ISCC-certified biofuel to NYK’s Hestia Leader at Cristobal, Panama.
The operation, conducted by Monjasa...
KNCC Secures AiP for LCO₂ Carrier and Floating Storage Unit
NCC secured AiP from ClassNK for its LCO₂-EP carrier, which transports liquefied CO₂ at ambient temperature, reducing energy costs.
KNCC, NYK, and ENEOS...
Hurtigruten’s Sea Zero Project Advances Towards the World’s Most Energy-Efficient Cruise...
Sea Zero project undergoes key testing at SINTEF Ocean, refining its zero-emission cruise ship design.
The new design features two retractable sails, improving...
DNV Awards AiP to MARIC for Ammonia-Ready Kamsarmax Bulk Carrier
DNV granted AiP to MARIC for an ammonia-ready Kamsarmax bulk carrier with a reinforced hull and reserved space for future ammonia fuel systems.
...
Panama Removes Dozens of Tankers from Registry in Response to Blacklisting
Panama has announced its intention to cancel the registration of 128 ships flying its flag. This action is in response to these vessels being...
MABUX Global Bunker Indices Show Moderate Increase, Scrubber Spread Declines
During the 13th week, the MABUX Global bunker indices showed a consistent, moderate increase across all fuel types, reports MABUX on LinkedIn.
Global Scrubber Spread
Scrubber...
Decline in Seaborne Crude Oil Trade Impacts Tanker Market and Voyage...
A decline in seaborne crude oil trade volumes in recent years has been noted, particularly in comparison to the 2019 average. Consequently, this decrease...
New Guidelines for DRI Shipping Focus on Hydrogen Production and Temperature...
The International Group of P&I Clubs (IGP&I) has released a circular providing guidelines for the safe handling and transportation of Direct Reduced Iron (DRI),...
RobotPlusPlus Demonstrates Advanced Maritime Robots at Sea Asia 2025
RobotPlusPlus is showcasing its latest maritime robotic technologies at Sea Asia 2025 in Singapore, reports Marine Insight.
Problems and Solutions
The company is showcasing its HighMate...
Fire Breaks Out On Cargo Ship Near Busan, Injuring Six Crew...
Recently, a fire broke out on a Russian-flagged refrigerated cargo vessel approximately 8 kilometers off the coast of Busan, near the Port of Gamcheon...
Houthi Threats Escalate Shipping Risks And Costs
The Houthis' threats to target vessels linked to the U.S. and Israel have led to a sharp rise in shipping insurance costs. After briefly...
Port Of Barcelona Invests €124 Million In Sustainable Fuel Infrastructure
The Port of Barcelona has announced a €124 million investment to construct three new bulk liquid berths aimed at facilitating the loading and unloading...
Russia Expands Arctic Submarine And Military Fleet Amid Rising Geopolitical Tensions
Russia is making significant strides in modernizing its Arctic fleet, with plans to deploy three new Borei-class nuclear submarines to the Northern Fleet near...
Wärtsilä And MPA Partner To Launch Methanol And Ammonia Simulation Models...
Wärtsilä, a global leader in smart marine and energy technologies, has announced the introduction of the Methanol Power and Control (PAC) simulation model in...
BIMCO Releases Container Shipping Market Outlook for March 2025
New Fees on Chinese Shipping Could Disrupt US Ports.
Tariff Wars Threaten Global Supply Chains.
US Consumer Sentiment Hits Lowest Point Since 2022.
BIMCO's...
INTERCARGO Calls for Simplicity in IMO Climate Talks
Maritime Industry Calls for Practical Solutions in GHG Reduction Talks.
INTERCARGO Pushes for Clear, Predictable Carbon Pricing.
Shipping Industry Faces Pivotal Moment in...