Supertanker freight rates jumped after the U.S. expanded sanctions on Russia's oil industry, sending traders rushing to book vessels to ship supply from other countries to China and India, shipbrokers and traders said.Chinese and Indian refiners…
Egypt has issued a tender seeking four cargoes of liquefied natural gas (LNG) for delivery between February and March, two trading sources told Reuters.The most populous Arab country has returned to being a net importer of natural gas, buying…
The safety risks posed by unregulated oil tankers are rising, and the so-called shadow fleet is a threat to both the maritime environment and seafarers, the head of the United Nations' shipping agency said on Tuesday.The shadow fleet refers to hundreds of ships used by Russia to move oil…
GTT announces that it has received, in the first quarter of 2025, an order from its partner the Chinese shipyard Hudong-Zhonghua (Group) Co. Ltd. for the tank design of six new very large Liquefied Natural Gas (LNG) carriers.These six LNG carriers will each feature a total capacity of 271…
Today marks a momentous occasion for SpecTec as we celebrate 40 incredible years of empowering the maritime industry with cutting-edge solutions. From our humble beginnings in 1985 in Oslo, Norway, to becoming a trusted partner for shipowners and operators worldwide…
BMT is delighted to announce the appointment of Panagiotis (Panos) Kasionis as Marine Consultant, strengthening its presence in the marine surveys market across The Netherlands and Europe.A rising talent in the maritime industry, Panos brings a wealth of operational experience…
TDI Brooks announced the appointment of Frank Feurtado as Manager – Marine Systems.With an impressive career spanning over 25 years in the international maritime industry, Frank initially served as a Marine Electronics Technician before climbing the ranks to become a Captain…
The Baltic Exchange's dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, snapped a three-session gaining streak on Tuesday, as rates declined across all vessel segments.The index, which factors in rates for capesize…
Wallenius Wilhelmsen has taken a strategic step to expand its logistics services by taking over the terminal operations in Gothenburg in Sweden.The Port of Gothenburg, the largest port in Scandinavia for vehicles, is strategically positioned…
A Chinese fishing vessel that was allegedly hijacked last month in Somalia's waters, in the semi-autonomous Puntland region, has been liberated, the European Union's anti-piracy naval force said on Monday.'According to the information provided (by the Chinese embassy to Somalia)…
The Port of New Orleans (Port NOLA) announced that it has been awarded $1,000,000 from the Environmental Protection Agency (EPA) for its Louisiana International Terminal (LIT) Sustainability Management Plan (SMP).'This funding is a crucial investment in Louisiana’s future…
At least 65 oil tankers have dropped anchor at multiple locations, including off the coasts of China and Russia, since the United States announced a new sanctions package on Jan. 10, ship tracking data showed on Monday.Five of those tankers…
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, hit more than a one-month high on Monday on the back of higher capesize rates.The index, which factors in rates for capesize, panamax and supramax shipping vessels…
Crew on board an oil tanker accused of sabotaging undersea power and communications cables in the Baltic Sea were poised to cut other cables and pipelines when Finnish authorities boarded the vessel last month, the head of the Finnish investigation said…
The average number of vessels that passed through the Panama Canal in December increased to 34.2 per day, according to a notice from its authority seen on Monday, but the waterway did not fill all the slots on offer, a sign that some ships continue taking alternative routes…