Oil Prices Edge Up By 1% Amid Surging Demand And Shrinking Supply

Oil prices edged up 1% on Monday with a rise in U.S. gasoline futures and forecasts for oil demand to rise in the second...

Toro Announces The Sale Of The M/T Wonder Polaris And The M/T Wonder Bellatrix

Toro Corp. (NASDAQ: TORO) (“Toro”, or the “Company”)  announces that on May 18, 2023 and on May 12, 2023, the Company entered into two...

Yang Ming Picks Hyundai Heavy To Build Five LNG-Powered Containerships

Taiwan’s Yang Ming Marine Transport has picked South Korean shipbuilder HD Hyundai Heavy Industries to build five LNG-powered containerships, according to shipbuilding sources and...

Five Inducted Into International Maritime Hall Of Fame

The Lighthouse held a ceremony at Pier 61 at Chelsea Piers in New York City, five global shipping and intermodal leaders were recently inducted...

Gibson Tanker Market Report

The OPEC+ coalition made a surprise decision to implement fresh production cuts, with concerns over the global economy and banking crisis being cited as...

TLB Signs MoU With The Guangzhou Port Authority

The Secretary for Transport and Logistics Lam Sai-hung on 19 May, signed a Memorandum of Understanding with the Guangzhou Port Authority on maritime development,...

Sailing Towards a Zero-Carbon Horizon: Shipping’s Weekly Insights on Decarbonization

African maritime players are urged to adapt to the continent's green transition by implementing new training infrastructure for seafarers, as reported by Xinde Marine. Seafarers...

Maritime IT/OT Security Disrupted by ChatGPT

ChatGPT to Disrupt Maritime IT/OT Security, warns a Hellenic Shipping News source. Maritime industry and release of ChatGPT The maritime industry should be concerned by the...

Marine Propulsion Engine Insights

The marine propulsion engine market is a significant sector in the maritime industry, and its size, share, and analysis are outlined in two reports....

Why is Data Essential for Boosting Operational Efficacy in Shipping?

  The role of data in maximising operational efficiency in shipping, reveals a Global Maritime Forum. Maximising operational efficiency in shipping How can data and digitalisation bring...