EU Intensifies Crackdown on Russia’s Shadow Fleet
Slovakia and Hungary to Phase Out Russian Oil Imports by 2027.
EU Reduces Russian Crude Imports to 3%.
Commission Proposes New Measures to...
Ocean Economy Employment Surpasses 100 Million Jobs Worldwide
Marine and Coastal Tourism Dominates Ocean Economy Employment.
Offshore Oil and Gas Contribute More to GDP Than Jobs.
Offshore Wind and Marine Renewables...
OPEC+ Boosts Output Again as Tanker Demand and Trade Tensions Rise
Saudi and UAE Crude Exports Rise, Offsetting Venezuela and Iran Cuts.
Oil Markets Face Oversupply Risk as Brent Slides into Contango.
OPEC+ May...
Singapore Mandates Health Declarations for High-Risk Vessel Arrivals
New MDH Requirement for Ships Arriving from Designated Countries.
MPA Directive on Maritime Health Declarations Takes Effect 8 May 2025.
Ships with Sick...
Seafarer Statistics in the EU for 2023 Released by EMSA
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 Secures $179 Million Contract For Crude Carriers From...
HD Korea Shipbuilding & Offshore Engineering Co. has announced a significant contract win worth approximately $179.2 million to construct two crude oil carriers for...
VLCCs Dip As Sentiment Wanes, Suezmax And Aframax Struggle Amid Supply...
The crude tanker market softened across the board this week, as extended holidays, growing tonnage lists, and limited enquiry weighed on sentiment. VLCCs saw...
Capesize Gains On C5, Panamax And Supramax Subdued Amid Limited Enquiry...
The dry bulk market showed a mixed performance this week across the major segments. Capesize routes saw firmer fixtures on C5, supported by a...
Oil Prices Fall Amid OPEC+ Supply Surge And Geopolitical Uncertainty
The global oil market is currently navigating a volatile period, marked by sharp price drops, strategic production increases by OPEC+, and complex geopolitical developments....
Inbound Release Platform (IRP) Transforming Customs Handling In Belgian Seaports
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...
TEN Expands Brazilian Offshore Presence With Delivery Of Two Shuttle Tankers
Tsakos Energy Navigation (TEN) announced a significant milestone with the delivery and naming of two new DP2 suezmax shuttle tankers, marking the beginning of...
Lessons Learned: Shocking Risk at the Dock
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...
U.S. Port Fees Reshape Dry Bulk Fleet Strategy
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...
USCG Annual Report 2024: 82 Vessels Detained During the Year
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...
K Line’s Profit for Fiscal Year 2024 Up 199.4% To $2bln
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 Launches Carbon Capture System for Ships
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 Increases Stake in France LNG Shipping to 45%
Ocean Yield AS has announced an agreement to acquire Access Capital Partners' share in Geogas LNG, thereby increasing its indirect economic interest in France...
European Commission Approves Reintroduction of Italy’s “International Registry” Scheme
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...
Samsung Heavy Industries Expands FLNG Portfolio with Deep-Sea Model
Samsung Heavy Industries (SHI) has announced an expansion of its product offerings with the development of the MLF-O, which stands for Modularized LNG Floater...
IMO Regulations Projected to Significantly Increase Ship Operating Expenses
The International Maritime Organization's (IMO) recently agreed Net-Zero Framework is projected to significantly increase ship operating costs. By 2035, it is estimated that this...
