Egypt's Suez Canal earned revenue of $6 billion from January until the first half of December, reports Israel Hayom quoting Osama Rabie, the canal authority's chairman. He noted it was the period's highest ever revenue. Highest-ever...

The People’s Bank of China lowered the one-year loan prime rate to 3.8%, down from 3.85%. The five-year loan prime rate remained unchanged from the prior month at 4.65%. The last time the...

Swiss-based marine engine technology developer WinGD has published a new white paper outlining the steps it believes will enable deep-sea shipping to decarbonize in line with IMO provisions. WinGD sets the industry standard...

Loading and unloading cargo on ships is a dangerous process that can result in significant repercussions. Not only while performing these operations, but also thereafter, ship officers must take special measures. Tanker ship cargo handling...

With omicron fears waxing and waning within the investment community since the strain was detected in South Africa. It came as no surprise that oil prices on Friday dropped  as well as posted a...

Workers worry that the changes needed to bring the shipping industry in line with global climate goals could make their jobs more dangerous and threaten their incomes. The world's ships are big consumers...

Before any cargo transfer starts, the responsible officer should be satisfied that the applicable precautions are being observed. A liaison meeting should be held with the responsible terminal staff, at which the operational...

China sees a rise of 18% in its marine fuel exports  November IMO compliant fuel exports were at 1.75mt Three state-backed refiners granted 1 million tonnes of clean marine fuel export quotas last...

Wartsila EnergoProFin has been secured for the CABU boats MV Bakkedal, MV Bangor, and MV Bantry, according to a contract signed by Klaveness Combination Carriers "KCC" and Wartsila as reported KCC. New installations The device replaces...

Three companies have been accused of illegally discharging about 25,000 gallons of crude oil into the Pacific Ocean off the Southern California coast in October, federal prosecutors announced Wednesday. The oil spread several...