With the energy security aspirations of Asia's biggest four oil importers—China, India, Japan and South Korea—perpetually vulnerable to global price gyrations, they have increasingly expanded their SPR capacity over the past decades—an effort to...

Following the long-awaited Climate Change Conference (COP26) in Glasgow, Scotland in November, FreightWaves asked industry experts how to predict how COP26 will affect the freight industry in the future. Prioritization of sustainability and net zero...

Tankers, containers will need infrastructure across more ports Passenger, specialist vessels operating on linear routes likely first movers Early adoption implies 2.5%/year of bunker demand switching to renewable Alternative fuels around twice as...

  Singapore has long been Asia’s largest bunker fuel supplier, but this situation may change due to the emergence of China. China, the world’s second largest economy, now having the ability to attract more...

U.S. airlines canceled more than 1,300 flights on Sunday as COVID-19 thinned out the number of available crews, while several cruise ships had to cancel stops after outbreaks on board, upending the plans of...

Hamilton, Bermuda, 27 December 2021 - Höegh LNG Holdings Ltd. ("Höegh LNG") announces that Höegh LNG Partners LP has announced completion of the refinancing of the commercial tranche of the PGN FSRU Lampung debt facility and...

Russia's production of crude and condensate in 2022 is expected to rise by 5% on the year to about 540 million-550 million mt, or up to 11.045 million b/d, deputy prime minister Alexander Novak...

More than a million people in the UK are suffering from long Covid, with fears the number could rise due to the Omicron variant. Many patients say they only had a mild initial infection...

Abandoned cargo is a continuous challenge for supply chain stakeholders. This StopLoss is intended to provide practical guidance to those stakeholders for whom the consequences of abandoned cargo are greatest. Abandoned cargo is a...

ClassNK has released amendments to its Rules and Guidance. ClassNK is constantly revising its Rules and Guidance in order to reflect the latest results from relevant research. Leading Classification Society ClassNK has released amendments...