Danish shipping group Maersk said on Friday it had ordered 26 large container vessels as part of its ongoing fleet renewal program, with deliveries expected in 2029 and 2030.Maersk said in an emailed statement the vessels will have a capacity of 18…
Oil company Saudi Aramco has told at least two European refining customers they will receive no crude oil next month following an attack on Saudi Arabia's key pipeline to the Red Sea, Bloomberg News reported on Friday, citing people familiar with the matter…
London's marine insurance market has widened the area in the Black Sea it deems as high risk as the Ukraine-Russia conflict escalates, according to an advisory issued this week.The Black Sea is a vital route for shipments of grain, crude oil and refined products…
ABS has awarded Hanwha Ocean approval in principle (AIP) for a multi-purpose fuel tank and fuel gas supply system that enables an LNG carrier to transition from LNG to ammonia fuel without replacing the fuel tank or fuel supply system.The approval…
NYK Line, with Japan Marine United Corporation, Nihon Shipyard Co., Ltd., Mitsubishi Gas Chemical Company, Inc., and Kokuka Sangyo Co., Ltd., completed the world’s first ship-to-ship (STS) ammonia bunkering operation to an ammonia-fueled vessel on September 17…
Russia's seaborne oil product exports rose 16.4% month-on-month in August to 4.57 million metric tons, as some domestic refineries completed unplanned maintenance, according to industry sources and Reuters calculations.Fuel exports, mainly naphtha and fuel oil…
Iran is gradually re-routing its imports of Russian wheat to the Caspian Sea as shipments via the Black Sea stall due to Ukrainian drone attacks and because the Strait of Hormuz is closed, analysts said on Thursday.Iran is one of the biggest buyers of Russian wheat…
Commodity vessel transits through the Strait of Hormuz dwindled to just three ships on Wednesday, down from 12 a day earlier and well below the 10-day average of about 17, preliminary ship-tracking data showed on Thursday.The figures exclude…
The headline grabbing global attention is simple enough: a shipowner reportedly paid more than $5 million for a single Panama Canal transit slot. But that may only mark the start of an historic surge in shipping costs.The vessel was a liquefied…
'Since the start of July, Panama Canal bulker transits have fallen 22% y/y. Bulkers have faced increased competition for transit slots from other sectors, especially tankers, as the US has boosted energy exports to Asia. El Niño is also expected to lead to lower water levels…
New analysis from Sofar Ocean finds that widely used marine forecasts can miss wave conditions associated with dangerous vessel rolling and cargo losses.Most forecasts tell ships how high waves will be, but height alone doesn't identify the impact on a ship…
SGMF has published its latest Life Cycle Assessment (LCA) on methanol as a marine fuel, highlighting the greenhouse gas (GHG) reduction potential of renewable and synthetic methanol production pathways.The study evaluates 15 methanol production…
Enstructure, a privately-owned marine terminal and logistics infrastructure company, and the Diamond State Port Corporation (DSPC) celebrated the groundbreaking of the Delaware Container Terminal (DCT), the upcoming container marine terminal in Wilmington…
European wheat futures rose on Monday, pushed up by continued interruption of Russian and Ukrainian Black Sea ship-borne exports, while a new purchase tender from big importer Algeria sparked hopes of new EU sales.Benchmark December wheat on the Paris-based Euronext exchange was up 1…
Starting in February and continuing into September 2026, the Antwerp office of COLI Group completed four project cargo shipments for their clients, end-clients, suppliers and partners in eight countries, including a used mobile crane, an industrial compressor…