UN Security Council Extends Libya Arms Embargo Vessel
The United Nations Security Council has extended the authorization allowing member states to inspect vessels suspected of violating the Libya arms embargo. The measure, adopted under Resolution 2780, continues international efforts to enforce the...
South Korea Updates Electric Vessel Standards
Revised “Electric Propulsion Vessel Standards” become effective 29 May 2025, introducing requirements for fuel-cell–powered ships, core system redundancy, and enhanced fire safety in battery rooms.
The amendments allow non-explosion-proof electrical equipment under specific...
Moeve to Supply 40,000 Tons of 2G Marine Biofuel to Canary Islands Operator
Moeve will deliver approximately 40,000 tons of second-generation marine biofuels to a Canary Islands ferry operator by the end of 2025, with an option to extend into 2026.
This marks Moeve’s largest biofuel...
Six Newbuild Tankers to Feature Wind Propulsion Technology as Part of Sustainability Push
A leading wind propulsion company has signed a deal to deliver six rotor sails for newly commissioned tankers from a European shipping group.
The vessels, constructed in China and designed in Germany, will...
SGS FastRig Demonstrates Fuel Savings and Operational Advantages in Sea Trials
Smart Green Shipping (SGS) has announced the successful completion of sea trials for its innovative FastRig wind-assisted propulsion system, confirming its practical advantages for the maritime industry. The trials, conducted in late 2024 aboard...
US Eyes Expanded Tech Sanctions to Close Loopholes for Chinese Firms
On Friday, May 30, 2025, major stock averages, including the S&P 500, experienced a downturn, falling 1%, in response to reports that the United States is planning to expand its technology sanctions against China....
Panamax Market Faces Another Challenging Week with Persistent Softening
The Capesize dry bulk market showed significant momentum this week, recovering from a slow start primarily attributed to Monday's UK bank holiday, reports Baltic Exchange.
Capesize
The Capesize market experienced a significant surge in strength this...
VLCC Rates Plummet Across Global Routes, Weakening Tanker Market Sentiment
The LR2 tanker market in the Middle East Gulf (MEG) experienced a downward correction over the past few days, after peaking at the end of last week, reports Baltic Exchange.
VLCC
The VLCC (Very Large Crude...
A New Course for Green Shipping: Italy Pioneers Unified LNG and Bio-LNG Bunkering Guidelines
In a significant stride towards maritime decarbonization, Italy has become the first European Union country to issue unified Ship-to-Ship (STS) bunkering guidelines for both Liquefied Natural Gas (LNG) and Bio-LNG across all its national...
Isle of Man Ship Registry Issues Revised Shipping Notice on Fire Protection System Maintenance
The Isle of Man Ship Registry has recently issued a new shipping notice, specifically Manx Shipping Notice (MSN) 057 (Revised 05/2025), which outlines the minimum level of maintenance and inspection required for fire protection...