Allows refiners, importers to lower stockpile by 4 days until Apr 8 Japan's oil release equates to 12.5% of IEA's total oil release Japan sells 2.26 mil barrels crude from national oil reserves According...

German carrier Hapag-Lloyd has further strengthened its foothold in the African market having struck a deal to acquire the container liner business of Deutsche Afrika-Linien (DAL) for an undisclosed sum, reports Splash 247. About the...

Norway’s Equinor has installed the fifth and final platform at the Johan Sverdrup field in the North Sea. The platform was installed using the Allseas-owned and world’s largest heavy-lift vessel, Pioneering Spirit. Earlier this month,...

During 1-7 Mar 22, four incidents of armed robbery against ships in Asia were reported to the ReCAAP ISC, comprising three CAT 31 incidents and one CAT 42 incident, reports Safety4Sea. The four incidents All four...

With the current global events taking centre stage and infiltrating our daily lives, it is no different for the VLCC market, as unprecedented bunker prices bite hard on owners returns. As other sizes benefit...

Diana Shipping Inc. (NYSE: DSX), through a separate wholly-owned subsidiary has entered into a time charter contract with Bunge S.A., Geneva, for one of its Capesize dry bulk vessels, to be named “Florida”, says...

The UK’s shipbuilding industry currently supports 42,600 jobs across the UK and contributes more than £2.8bn to the economy. A new UK Shipbuilding Skills Taskforce, led by the Department for Education, is being...

Its labs have received support from the United States, the European Union and the WHO. The agency also did not answer questions about whether its recommendations were followed. Ukrainian officials in Kyiv and...

The Baltic Exchange's dry bulk sea freight index (.BADI) jumped to its highest in nearly three months on Thursday, as rates rose across vessel segments, reports Reuters. Reasons for Baltic index rise The overall index, which factors...

Dalian Shipbuilding Industry Co. Ltd. has ordered 2 × MAN B&W 7S35ME-GI dual-fuel engines in connection with the construction of two 7,500 cubic-metre, liquid CO2 carriers for Northern Lights, the joint venture between...