Potential Impact of Red Sea Route Resumption on European Refining Margins
Red Sea traffic revival could shave two weeks off voyages, cut freight costs, and bring an estimated 24 million barrels of Middle Eastern fuel...
Evergreen Marine Reports Strong Start to 2025 with Profit and Volume Growth in Q1
Evergreen Marine Corporation’s revenue in Q1 2025 increased by 23% year-on-year to 3.3 billion Dollars.
Operating profit and net profit surged by 88%...
Alternative Fuels in Shipping – Britannia P&I’s Watch Report, April 2025
Britannia P&I provides an update on key alternative maritime fuels highlighting recent technological and regulatory developments.
Biofuels like FAME and HVO are gaining...
Denmark Launches World’s First Remote Pilotage Test Program
Denmark has launched the world’s first remote pilotage test program allowing pilots to guide ships from land using real-time data.
The system reduces...
Port Of Hamburg Sees Strong Growth In Q1 2025 Amid Regional And Global Shifts
The Port of Hamburg, one of Europe’s largest and busiest ports, posted a strong performance in the first quarter of 2025. Against the backdrop...
Crude Tanker Market Weekly Report LR Segments Soar, MR Atlantic Hits New Low
The clean and crude tanker markets experienced contrasting dynamics this week. LR segments surged in the Middle East, buoyed by improved demand, while MRs...
Unsafe Vessel Access Leads to Contractor Falling Overboard
Unsafe boarding leads to a contractor falling overboard.
Lack of safe access causes a near-drowning incident on the vessel.
Investigation finds missing safe...
A.P. Moller Holding Finalizes Majority Acquisition of Svitzer
Svitzer is now 93.4% owned by A.P. Moller Holding.
Svitzer to remain independent under current leadership.
A.P. Moller Holding plans compulsory acquisition of...
US-China Tariff Deal Sparks Liner Market Optimism
Temporary tariff cuts boost transpacific shipping demand.
Shippers rush imports ahead of tariff rollback deadline.
Suspended liner services are expected to resume soon.
The...
CPC Crude Exports Shift Toward Suezmax Dominance
Kazakhstan Output Boost Drives Larger Tanker Use.
Asian Demand Reshapes CPC Shipping Strategy.
Suezmax Utilisation Hits 4-Year High at CPC Terminal.
During the first...
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APLICATIONS
Oldest Wooden Tugboat Being Scrapped At Shipyard
Workers at Canadian Maritime Engineering’s shipyard in Nanaimo are dealing with the unenviable task of scrapping B.C.’s oldest wooden tugboat.
The MV Sea...
