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...