China Vows to Deepen Energy Ties Despite US Tariffs

Despite intense US pressure on key buyers, Russia’s seaborne crude exports have been maintained at a 16-month high, driven by Asian demand and the...

Russian Arctic LNG Delivered to China Terminal

The delivery of a cargo of liquefied natural gas (LNG) from a sanctioned Russian energy project to a Chinese terminal underscores the continuing circumvention...

Cargo Engine Failure Halts Traffic in Istanbul Strait

A general cargo ship en route from Russia experienced engine failure in the Bosphorus Strait, a critical maritime passage, necessitating an emergency response that...

Chinese Import Recovery Boosts Capesize Segment

The near-term outlook for dry bulk spot rates warrants caution due to a persistent historical pattern of weakness in October, although the long-term view...

Large Fleets Drive Advanced ESG Implementation

The findings of Wave 1 of the METAVASEA survey, conducted by HELMEPA, indicate that the Eastern Mediterranean maritime sector is demonstrating growing awareness and...

Freight Rates Slide as Charter Costs Soar and Capacity Cuts Stall

Freight Rates Continue Freefall Despite Port Congestion. US Tariffs Add Pressure on Container Volumes. Operating Margins Slip Below Breakeven on Key Routes. Extreme weather...

Unifeeder And Portchain Partner To Enhance Operational Efficiency

Unifeeder has announced a strategic partnership with Portchain to optimize port call operations and reduce inefficiencies. By adopting Portchain Connect, the two organizations aim...

Scorpio Tankers Sells Two LR2 Product Tankers Amid Rising Secondary Market Demand

New York-listed Scorpio Tankers has announced the sale of two of its LR2 product tankers, STI Lobelia and STI Lavender, for $61.2m each. The...

UECC Wins Bremenports’ Green Focus Award For The Fourth Time

United European Car Carriers (UECC) has once again been recognised for its leadership in sustainable shipping. The company secured Bremenports’ Green Focus Award for...

Narrowing Price Gap Between Subsidized And Unsubsidized European Bio-LNG

The European bio-LNG market is witnessing a significant shift as the price gap between subsidized and unsubsidized volumes steadily narrows. Over the past 12...