U.S.–Venezuela Oil Flows Hit by Chevron License Loss; Freight Market Mixed

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The U.S. Treasury’s revocation of Chevron’s Venezuela license in March 2025 has caused a significant halt in Venezuelan crude exports to the U.S. ...

LNG Freight Gains in Atlantic as LPG Rates Soften on Weak Demand

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LNG market firmed this week, led by sharp gains in the Atlantic basin, with 174k cbm rates on the Sabine–Tokyo route jumping $5,200...

IMO Enhances Safety for Ammonium Nitrate Transport with Revised IMDG Code

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The International Maritime Organization (IMO) has adopted revisions to its maritime safety regulations, specifically within the International Maritime Dangerous Goods (IMDG) Code. These changes...

Maersk Subsidiary Becomes Member of Maritime Battery Forum

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Stillstrom, part of the A.P. Moller-Maersk Group, joins the Maritime Battery Forum (MBF) to further its mission of zero-emission offshore power. The company...

Scorpio Tankers Reports Lower Q1 2025 Income but Approves $0.40 Dividend

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Scorpio Tankers Inc.has released its financial results for the first quarter of 2025, ending March 31st. In addition to reporting its financial performance, the...

Spanish Ports See Steady Overall Container Traffic but Mixed Performance Among Key Hubs

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Spanish ports experienced steady container traffic in the first three months of 2025, handling a total of 4.32 million TEUs. This figure represents a...

U.S. Coast Guard Rescues 32 from Sinking Boat Near Miami’s Monument Island

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On Saturday, May 3rd, 2025, authorities reported the successful rescue of 32 individuals from a boat that was taking on water and sinking off...

Milestone for Green Shipping: Seaside LNG Celebrates 100th LNG Bunkering Operation

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Seaside LNG, a prominent company in LNG production, bunkering, and maritime logistics, has reached a significant landmark in its LNG bunkering services. Their advanced...

India Launches its First Deepwater Transshipment Port

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India launches its first deepwater transshipment Port with a 20+ meter natural draft. Developed through a public-private partnership and commissioned by India’s Prime...

Ripley Group Wins 15-Year Green Tug Charter

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Kolkata-based Ripley Group succeeds the tender for an electric green tug held by Gujarat-based Port Authority with the lowest bid price Netincon Marketing...
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