Commodity trader Mercuria is suing the Baltic Exchange, the world's top provider of benchmark shipping indices, over losses it said were caused by oil tanker pricing data that did not account for the effective closure of the Strait of Hormuz, a court filing showed.The U.S.-Israeli war with Iran, which began on February 28, has left hundreds of ships and 20,000 seafarers stranded inside the Gulf and…
Panama President Jose Raul Mulino said his country maintains a positive relationship with China despite being caught up in a dispute between the Asian superpower and the U.S., and defended Panama's takeover of port contracts held by Hong Kong's CK Hutchison…
Accelleron, a leader in turbocharging, fuel injection, and digital solutions in the marine and energy industries, highlights how Asia Pacific ports are building early foundations for green hydrogen-based e-fuel markets through coordinated cross-sector action in its most recent report…
GLO Marine appointed Thomas Wittlin as Chief Executive Officer, effective Q2 2026, signaling the start of a structured growth phase in which the company will evolve from a retrofit-led contractor into a production-enabled marine engineering and integration business…
Raw sugar futures on ICE closed down after earlier hitting a two-week high as selling in top grower Brazil dried up and oil prices rallied.Coffee and cocoa algo posted losses.SUGAR* Raw sugar settled down 0.1 cent, or 0.7%, at 13.83 cents per lb…
Golden Pass LNG, a joint venture between QatarEnergy and U.S. oil major Exxon Mobil, said on Wednesday that the first cargo of liquefied natural gas has departed from its new Sabine Pass terminal in Texas.Shipping data showed that the vessel…
The Baltic Exchange, which tracks and assesses freight rates, on Monday proposed amending its methodology on all Middle East benchmarks, citing the escalating geopolitical disruption in the Strait of Hormuz and the wider Middle East region,…
Construction has started on a new Seafarers Centre at the Port of Port Hedland in Australia.Benchmark Construction and Building has been awarded a contract to construct the new center which will be a welcoming space for seafarers visiting Port Hedland and will include areas for rest…
Four States deposited their instruments of ratification of the International Convention on Liability and Compensation for Damage in Connection with the Carriage of Hazardous and Noxious Substances by Sea, 2010 (2010 HNS Convention), bringing the treaty’s entry into force a step closer…
