Amidst Sanctions, Russia’s New Port Regulations Create Jitters in Global Oil Markets
Foreign oil tankers are facing temporary restrictions from loading at Russia's main Black Sea ports due to new regulations, effectively disrupting oil exports from Kazakhstan, much of which is handled by a consortium that...
Emergency Response Underway in Cuxhaven After Ship Collision Leads to Oil Spill
Two vessels have collided in the German North Sea port of Cuxhaven, resulting in an estimated 6,000 liters of oil spilling into the water. The incident occurred on Wednesday morning, with emergency services swiftly...
Robust Brazilian Iron Ore Shipments Propel Capesize Rates, But Smaller Segments Show Weakness
This week's Chart Monitor indicates a robust and sustained upward trend in Brazilian iron ore shipments, which is having a significant impact on dry bulk freight markets.
Brazilian Iron Ore Shipments on the Rise
Brazilian iron...
Global Bunker Prices See Varied Movements: Scrubber Spread Declines, LNG Becomes Competitive
At the close of Week 30, the global bunker market experienced varied price movements across different fuel types, as tracked by MABUX. The overall trend remained uneven, without a clear direction.
Global Bunker Indices (Week...
Tankers International Expands VLCC Pool with Lila Global Partnership
Tankers International adds Lila Kochi, a VLCC owned by Dubai-based Lila Global, to its global pool of 29 vessels.
The move strengthens Tankers International’s scale-driven pooling strategy amid volatile tanker markets.
Lila Global’s...
Launch of Acadia Marks Major Leap in U.S. Offshore Wind and Maritime Capabilities
Acadia is the first U.S.-flagged, Jones Act-compliant subsea rock installation vessel, designed to support offshore wind infrastructure.
Built at Hanwha Philly Shipyard, the vessel has contracts secured through 2026 and will start operations...
India to Introduce New Merchant Shipping Bill to Modernize Maritime Governance
The upcoming Merchant Shipping Bill will repeal the 1958 Act and rename the Director General of Shipping to the Director General of Maritime Administration.
It proposes the creation of regulatory and advisory bodies...
Enterprise Welcomes First LPG Tanker at Neches River Terminal
The LPG tanker Navigator Eclipse has become the first vessel to dock at Enterprise Products’ new terminal on the Neches River, marking the start of the facility’s commissioning phase.
Phase 1 of the...
Port of Rotterdam Faces Economic Headwinds with 4.1% Throughput Decline
The Port of Rotterdam is making strides toward its ambitious goal of becoming a net-zero port by 2050, even as it navigates economic uncertainties and supply chain disruptions. The first half of 2025 saw...
Singapore Makes History with First Drone Trial on Bunker Tankers
Skyports Drone Services and TFG Marine completed Singapore’s first drone delivery involving bunker tankers, replacing traditional launch boat transfers.
The trial demonstrated safe, beyond-visual-line-of-sight (BVLOS) drone operations under strict safety protocols, with support...