Klaipėda Port has inaugurated a modern fleet base to house all specialized equipment and Port Authority vessels. The base strengthens port operations with...

Jafza celebrates its 40th anniversary with record trade performance, highlighting its long-term economic impact on Dubai. The free zone has evolved from 19...

Slovakia and Hungary to Phase Out Russian Oil Imports by 2027. EU Reduces Russian Crude Imports to 3%. Commission Proposes New Measures to...

Marine and Coastal Tourism Dominates Ocean Economy Employment. Offshore Oil and Gas Contribute More to GDP Than Jobs. Offshore Wind and Marine Renewables...

Saudi and UAE Crude Exports Rise, Offsetting Venezuela and Iran Cuts. Oil Markets Face Oversupply Risk as Brent Slides into Contango. OPEC+ May...

New MDH Requirement for Ships Arriving from Designated Countries. MPA Directive on Maritime Health Declarations Takes Effect 8 May 2025. Ships with Sick...

Nearly 300,000 Certified Masters and Officers Available in 2023. Norway Leads EU in Issuing Certificates of Competency. Philippines Tops Non-EU Countries with Recognised...

HD Korea Shipbuilding & Offshore Engineering Co. has announced a significant contract win worth approximately $179.2 million to construct two crude oil carriers for...

The crude tanker market softened across the board this week, as extended holidays, growing tonnage lists, and limited enquiry weighed on sentiment. VLCCs saw...

The dry bulk market showed a mixed performance this week across the major segments. Capesize routes saw firmer fixtures on C5, supported by a...

The global oil market is currently navigating a volatile period, marked by sharp price drops, strategic production increases by OPEC+, and complex geopolitical developments....

Launched on April 1, 2025, the Inbound Release Platform (IRP) is a digital innovation developed by Port of Antwerp-Bruges and NxtPort in partnership with...

Tsakos Energy Navigation (TEN) announced a significant milestone with the delivery and naming of two new DP2 suezmax shuttle tankers, marking the beginning of...

BSU reports of a health hazard to a dock worker due to electric shock when connecting a refrigerated container on board a container ship. What...

Port fees hurt frequent U.S. callers – Chinese-built ships face rising costs with repeated U.S. port visits. Shift to Japanese-built vessels – Higher...

In 2024, the Coast Guard conducted 8,710 SOLAS safety exams with a total of 82 detentions. The annual detention rate decreased from 1.22...

Kawasaki Kisen Kaisha, Ltd. has announced its consolidated financial results for the fiscal year ended March 31, 2025, reporting operating revenues of ¥1,047,944 million...

Wärtsilä has introduced its onboard carbon capture and storage (CCS) system to the maritime industry. The system can reduce CO₂ emissions by up...

Ocean Yield AS has announced an agreement to acquire Access Capital Partners' share in Geogas LNG, thereby increasing its indirect economic interest in France...

The European Commission has given its approval for the reintroduction of Italy's "International Registry" scheme. This initiative is designed to incentivize shipping companies to...