The Rise of the Opaque/Grey Tanker Fleet Raises Concerns Over Safety

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Opaque Market Overview Data analytics firm Vortexa identifies 1,000 unique tankers operating in the opaque market since January 2021. Of these, 745 tankers...

Meadway Adds To Japanese Ultramax Bulker

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Meadway Shipping & Trading has returned to Japan’s Tsuneishi Shipbuilding with a contract for another ultramax bulker newbuild, taking its orderbook to seven ships,...

GTT Receives Approval for LNG VLCC Carrier

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GTT has obtained, in Shanghai, an Approval in Principle (AiP) from Bureau Veritas for the design of a Liquefied Natural Gas (LNG) dual-fuel Very...

Ship Recycling Market Weakens

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The ship recycle market enters a period of contraction going into the traditionally weaker and quieter summer / monsoon months, sentiments have declined across...

OPEC+ New Move Slashes Oil Tanker Rates

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Benchmark rates for oil-carrying supertankers have collapsed as OPEC+ follows through on a surprise vow to slash supply to shore up prices, reducing volumes...

Aging Tankers, Sanctioned Oil and Insurance Nightmare

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Pablo, a Gabon-flagged tanker carrying Iranian oil caught fire off the coast of Malaysia last week. It's throwing up concerns about a fleet...

UN Fails to Fund Oil Removal from Ageing Tanker

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UN yet to meet funding goal to remove oil from decaying tanker, states a Riviera news source. Additional US$5.6M towards securing crude oil Donors have pledged...

Chinese Bearing Supplier Benefits from CCS Certification

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CCS certification beneficial for significant future Chinese bearing supply, reports a Xinde Marine News source. China Classification Society (CCS) Certificate Vesconite Bearings has received its...

Launch of the Tianzhou 6 Cargo Ship is Scheduled

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Tianzhou 6 cargo ship's launch scheduled, writes Zhao Lei for China Daily. China's Tiangong space station The first spacecraft to visit China's Tiangong space station...

The Dark Fleet Might Cause Anarchy in the Oceans

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A Seatrade Maritime news source speaks about the dark fleet - creeping anarchy in the world’s oceans. Dangers the “dark fleet” raises The fatal explosion that...
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