Toll Group is having a tough year, and has confirmed that the “unusual activity” on its servers last week was a cyber attack, which has now led to ransom demands. The threat –...

  Iraq, OPEC's second largest oil producer, has instructed its biggest company, Basra Oil Co. (BOC), to cut output from May. It is a part of its efforts to reduce its output by 1...

Lockdown measures have crippled the demand and supply is not falling quickly enough to keep up. Oil-storage tanks around the world are rapidly filling with crude, leaving the new production coming out of...

The "Energy Observer" showed that hybrid systems could keep it operating at peak performance for 5,000 miles. The hybrid system also don't have to stop in port for fuel purpose as it had...

Supertanker New Vigorous arrived at a port in northern France Cape of Good Hope. The journey takes almost twice the time as the usual route through the Suez Canal. An increasing number of...

Oil inventories continue to rise despite facing historical lows. It will be a while before oil prices could post any palpable improvement. Brent witnessed $35 a barrel in the fourth quarter of the...

Cyprus adopted a formal process to facilitate crew changes in the COVID-19 pandemic. Seafarers arriving by plane to Cyprus will be subject to 14 days of self-isolation. They have to undergo a PCR-based...

Masks have gone from optional to mandatory in many states. People are wearing masks everywhere without observing the six feet. Masks are essential but they might be having an effect on our behavior. ...

Rising oil prices, which make floating storage less attractive, is a negative for tanker demand. Investors might not be getting the right numbers and may be interpreting reported rates incorrectly. The real market...

Container ship Shahraz and bulk carrier Samudra Sakti I ran aground in Singapore Strait south of St John Island at around 1900 UTC May 10, writes Mikhail Voytenko for Maritime Bulletin. As of 0700 UTC...