VLCC TCEs Solid Despite Rate Volatility in Middle East and West Africa
The VLCC markets responded in different ways this week with the Middle East and West Africa losing ground, but the US export market recovered.
VLCC...
Global Initiative Aims to Accelerate Shipping’s Transition Beyond Methane Fuels
A new global initiative, Maritime Beyond Methane (MARBEM), has been launched with the specific goal of accelerating the shipping industry's necessary transition away from...
Corvus Energy Secures $60 Million Growth Capital to Accelerate Maritime Decarbonization
Corvus Energy, the world's leading supplier of energy-storage systems (ESS) for the maritime industry, announced a significant growth capital injection to accelerate its contribution...
India Designates Three Major Ports as Green Hydrogen Hubs
In line with India's ambitious climate goals and energy transition strategy, the recognition of three major ports as Green Hydrogen Hubs marks a key...
HGK Shipping Launches ‘GAS 96’ A Step Forward In Sustainable Inland Waterway Transport
HGK Shipping has officially unveiled its latest gas tanker, “GAS 96,” during a ceremony in Rotterdam on 9 October 2025. This new vessel represents...
Unity In Motion: Driving Sustainability And Inclusivity In Global Shipping
In an era where division and divisiveness often dominate global narratives, the shipping industry continues to stand as a beacon of collaboration. As one...
Two Workers Killed, Several Injured In Shipyard Accident In Turkey
A tragic accident occurred at a shipyard in Turkey, claiming the lives of two workers and leaving several others injured. The incident took place...
Oil Traders Stay Unfazed Despite Rising Global Disruption Threats
Russian infrastructure, Middle East tensions are risks.
Oversupply seen as opportunity for tighter sanctions.
The global oil market may be overly complacent about price...
Container Rates Slide Further, but Pace of Decline Slows
Rates continue to come under pressure following the recent trend but at a steady pace with the drop slowing, reports the Baltic Exchange.
The FBX...
Hengli Heavy Industry Secures $900 Million VLCC Orders, Strengthening China’s Shipbuilding
ST Songfa’s subsidiary, Hengli Shipbuilding (Dalian) Co., Ltd., has made a major stride in the global shipbuilding sector by signing contracts for the construction...
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