Norway has announced plans introduce hydrogen powered ferries. It is a project that will see both new build vessels introduced and the conversion of existing LNG-powered tonnage to run on biofuel. A recent news...

At 10 am Singapore time (0200 GMT), the ICE March Brent futures contract was up 35 cents/b (0.39%) from the previous close at $89.69/b While the NYMEX March light sweet crude contract rose...

Growth in China's factory activity slowed in January as a resurgence of COVID-19 cases and tough lockdowns hit production and demand, but the slight expansion offered some signs of resilience as the world's second-largest...

The highly transmissible Omicron variant of the SARS-CoV-2 virus accounts for nearly all of the coronavirus infections globally. Scientists are now tracking a rise in cases caused by a close cousin known as BA.2,...

The magnitude of the damage caused by supply chain disruptions last year has been revealed in a new report from the International Monetary Fund (IMF). The IMF showed that shipping problems shaved off...

The ports of Shanghai and Los Angeles, in partnership with shipping lines and cargo owners, are working to transition to zero-carbon-fueled ships by 2030. They aim to reduce greenhouse gas emissions along the...

Denmark is to lift all remaining COVID-19 restrictions, with Omicron hospital admissions and deaths remaining stable and high rates of vaccination, reports Politico. The official announcement   “Tonight we can ... find the smile again. We have...

Order intake up 92% Comparable operating profit up 53%, sales up 31% Operating margin, dividend below expectations Shares down 8% A Reuters news source says that Finland's Wartsila misses on margins but sees profitability...

Permian 2022 growth may be better than prior target 50% more Permian wells seen drilled year over year Q4 output from the basin was 681,000 boe/d Chevron's Permian Basin production showed "strong" production growth...

All-inclusive rates touch $12,000/FEU to USWC Southeast Asian market finds rate balance Europe imports soften, rates ease Sources say that all-inclusive rates for trans-Pacific sailings in the March loading period have edged dropped significantly...