TransMontaigne Sells Miami Terminal, Continues Operations Under Lease
TransMontaigne Partners LLC has sold its Fisher Island terminal in Miami, a facility with 700,000 barrels of marine fuel storage capacity.
Post-sale, the...
Tanker Report: India’s Inland Refinery Expansion Driving Exports
India’s CPP exports are growing at the fastest pace since 2021, supported by expansions and upgrades to existing refineries rather than solely new...
Germany Leads Global Cooperation in Green Shipping with Canada
Germany became the first country to join Canada’s initiative to create international green shipping corridors.
The agreement was signed by State Secretary Dr....
US Ownership Clause in China’s Port Fees Poised to Disrupt Tanker and Bulker Trades
The US decision to proceed with port fees has prompted China to confirm reciprocal charges on vessels with partial US ownership.
Analysts expect...
Hanwha Ocean Attains Faster Delivery Through Stable Production and Stronger Profits
Hanwha Ocean advanced the delivery of a large gas/ammonia carrier by over four months, reflecting improved yard efficiency.
The production system, which stabilised...
New Restrictions on Iranian Shipping and Financial Transfers Aim to Halt Legal Oil Exports
The United Nations has reinstated wide-ranging sanctions on Iran, initially suspended under the 2015 JCPOA nuclear agreement, after the three European signatories (Britain, France,...
India Launches ‘DCI Dredge Godavari,’ A Major ‘Make in India’ Shipbuilding Milestone
The launch of 'DCI Dredge Godavari' is a significant milestone for India's domestic shipbuilding industry and the 'Make in India' initiative.
India's First High-Capacity 'Make...
VLCC Market Volatility Soars Amid New US Sanctions and China Retaliatory Port Fees
The convergence of new US sanctions on Iran's oil exports and China's retaliatory port fees on US-linked vessels has intensified focus on the Very...
China Gains Pricing Power as BHP Accepts Yuan for Iron Ore Spot Sales
The agreement by BHP to settle around 30% of its spot iron ore sales to China in yuan (RMB) is a significant development that...
Decisive Moment: Will IMO’s NZF Commit to Truly Zero-Emission Wind Energy?
A significant push is underway for the International Maritime Organization (IMO) to formally embed wind propulsion within its proposed Net-Zero Framework (NZF), ahead of...
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