Pressure Mounts as West Tightens Grip on Russian Crude
In its latest Tanker Market Report, Gibson Shipbrokers highlights mounting pressure on Russian crude exports as Western countries intensify sanctions and impose fresh tariffs.
Tanker market disruptions
Western powers, led by the EU and G7, have...
Greek Tankers Steer Clear as G7 Tightens Russia Price Cap
EU, UK, Canada seek to limit Russia’s oil revenues
Greek ships exit Russia in droves amid sanction risks
US position leaves opening for shadow fleet operators
Greek companies led an exodus of G7-linked crude...
Kongsberg to Equip India’s First Electric Tug
Project marks world’s first full electrical tug integration.
Contract awarded by Mandovi Drydocks and Ripley Group.
The package includes thrusters, ESS, automation, and digital systems.
Kongsberg Maritime has just inked a deal to provide...
LR Unveils Risk-Based Fire Safety Notation for Container Ships
Risk-based approach enhances fire safety assessment at sea.
Guidance provided for shipowners, designers, and operators.
First application of ShipRight RBC to container ship fire safety.
Lloyd’s Register (LR) has rolled out a new risk-based...
Trump Presses Europe to End Russian Oil Purchases
The EU plans to phase out Russian energy imports in full by 2028.
Most European states ended crude and fuel imports in 2022–23.
Trump calls for economic pressure on China over its ties...
DNV Charts Path for Ammonia as Future Marine Fuel
A two-phase pathway is outlined for ammonia adoption.
An initial fleet of ammonia-fuelled vessels is proposed.
Scale-up phase to include global infrastructure and IMO rules.
DNV has recently released an insightful report titled "Ammonia...
CSSC Finalizes Merger With CSIC to Form World’s Largest Listed Shipbuilder
Largest absorption and merger in A-shares history.
Share swap ratio set at 1:0.1339.
CSIC A-shares to cease trading and convert to CSSC shares.
China State Shipbuilding Corp (CSSC) and China Shipbuilding Industry Co (CSIC)...
Container Lines Manage Excess Supply with Increased Blank Sailings
8% of scheduled sailings between weeks 37–41 are cancelled, with most on the Transpacific eastbound.
Over half of the blank sailings are concentrated in weeks 40–41, aligning with China’s Golden Week slowdown.
Carriers...
Hostages Rescued After Armed Attack on Cargo Ship off Algarve Coast
Portuguese Navy freed two crew members briefly held hostage after an armed attack on a vessel off the Algarve.
The ship had sailed from northern Spain and was en route to southern Spain...
Construction Starts for World’s First Ammonia-Powered Container Ship
Yara Clean Ammonia, together with Yara International, CMB.TECH and North Sea Container Line, has marked the official start of construction on Yara Eyde, the world’s first container ship powered by renewable ammonia.
Steel cut for...