On Thursday, July 3, 2025, a fire broke out aboard the decommissioned supertanker while it was undergoing dismantling at the Simsekler shipbreaking yard in the Aliağa Port of İzmir, Turkey. Immediate Response A decommissioned supertanker caught...

During his keynote address at the 10th International Financial Summit, Minister for Canal Affairs José Ramón Icaza provided a comprehensive overview of the Panama Canal's significant role in global trade and national development, under...

The return of President Trump triggered a wave of trade and geopolitical tensions impacting global tanker dynamics. Sanctions on Russia, Venezuela, and Iran have realigned trade flows and temporarily spiked freight demand. Market...

Global crude and condensate exports have demonstrated a consistent upward trend since September of last year, a surge primarily propelled by an increase in exports from OPEC+ nations. In contrast, exports from non-OPEC+ producers...

The European Commission (EC) has awarded €22 million in co-funding to the Hansalink 3 project, an initiative specifically designed to enhance the vital maritime corridor connecting the Port of Helsinki in Finland and the...

Wilhelmsen Ships Service becomes the latest member of the Maritime Battery Forum (MBF), reinforcing its dedication to clean and electrified shipping solutions. The company has a strong record in battery-related innovation, from Singapore’s...

Deutsche ReGas, Germany's private operator of liquefied natural gas (LNG) terminals, has announced a significant milestone at its "Deutsche Ostsee" energy terminal in Mukran, located on the German Baltic Sea. Record-Breaking Performance  Ingo Wagner, CEO of...

Bauxite exports from Guinea surged 37% year-on-year in 2025, overtaking coal as the second-largest capesize cargo after iron ore. Seasonal monsoon rains may curb Q3 exports by 7 million tons, though impacts could...

Sudanese crude exports have rebounded to 11 million barrels in June after disruptions caused by civil conflict, supporting Aframax and Suezmax demand. VLCC freight rates on the MEG–China route and broader dirty tanker...

Researchers found ship passages cause methane emissions up to 20 times higher in shipping lanes than in undisturbed waters. These emissions are unrelated to ship fuel type and result from pressure changes and...