OPEC-IEA Split Widens as India Diversifies and Tanker Earnings Surge
Brent swings between $61 and $80 before stabilising near $68.
China import trends remain uncertain, with refiners shifting grades.
India boosts Brazilian crude imports after U.S. tariffs.
In its latest weekly commentary, Xclusiv Shipbrokers...
Scrapping Must Match 25 Years as Freight Rates Slide for 11th Week
Freight rates fall for the 11th consecutive week, as demand weakens.
Idle fleet hits 15-month high but charter market stays tight.
October is seen as a turning point for drastic capacity cuts.
Linerlytica’s latest...
ABS Certifies World’s Largest Classed Unmanned Surface Vehicle
ABS has granted classification to the Saildrone Surveyor, a 20-meter autonomous deepwater unmanned surface vehicle (USV).
The Surveyor is the largest in Saildrone’s fleet and is capable of fully unmanned operations across global...
South Africa Tightens Offshore Ship Transfer Rules, Increases Fines to $13,424
South Africa has introduced new offshore ship-to-ship (STS) transfer regulations, imposing penalties of up to R2 million, five years’ imprisonment, or both for violations.
The rules aim to prevent pollution, safeguard Algoa Bay’s...
Fujairah Oil Stocks Rebound from 8-Month Low, Driven by Jet Fuel
Oil product inventories at the Port of Fujairah rose 3.3% in the week to August 25, led by a sharp 23% surge in jet fuel and other middle distillates.
Heavy distillates used as...
UK Ports Navigate a Green Future with Major Investments and Shifting Traffic
UK port traffic is expected to grow by 7.8% by 2050, reaching 453.5 million tonnes, driven by a major shift away from liquid bulk towards unitized and dry bulk cargo. This transformation is a...
U.S. Coast Guard Deploys Two Polar Icebreakers to the Arctic for the First Time...
The United States Coast Guard has deployed two polar icebreakers, Healy and the recently acquired Storis, to the American Arctic for the first time since 2013. The vessels, along with the medium endurance cutter...
Why the Global Bulk Carrier Fleet Is Aging Fast
The global bulk carrier fleet is experiencing a significant aging trend, with the average vessel age increasing from 8.6 years in 2018 to nearly 13 years in 2025. This shift has major implications for...
Fueling the Fleet: How China’s Demand is Reshaping the VLCC Market
The VLCC (Very Large Crude Carrier) market saw a strong recovery in the last week of August, capping a robust month of growth. This surge followed a dip in late July, with some rates...
CEMS and GRSE Partner to Launch Maritime Skill Development Centre in Kolkata
The Centre of Excellence in Maritime and Shipbuilding (CEMS) and Garden Reach Shipbuilders & Engineers Ltd. (GRSE) have partnered to open a new skill development extension centre in Kolkata to address the skills gap...