CSL Group Launches World’s First Battery-Hybrid Self-Unloading Bulk Carrier
CSL Group has put into service what it describes as the world’s first battery-hybrid powered self-unloading bulk carrier, according to […]
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RINA’s New ‘Mermaid’ Concept Turns Main Engine Into Onboard Power Source
Classification society RINA has introduced a new ship propulsion concept designed to reduce reliance on auxiliary engines by using the
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CMB.Tech Turns Cautious on Tanker Market as Newbuilding Programme Concludes
Belgian shipping group CMB.Tech has adopted a more cautious stance on the outlook for the tanker market, according to ShippingWatch.
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Shanghai Port Congestion Sends US-Bound Container Rates Above USD 10,000
Severe congestion at Chinese ports, particularly Shanghai, has pushed spot container freight rates to the United States above USD 10,000,
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Oil Prices Slide 5% Weekly as Traders Bet on Hormuz Reopening Under Iran-Oman Deal
Oil prices extended their decline on Friday, closing out the week with a roughly 5 percent loss as traders weighed
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Hafnia Orders 10 New Vessels, CEO Points to Aging Fleet and Low Oil Stocks as Rate Support
Tanker owner Hafnia has placed an order for 10 new vessels, according to ShippingWatch. The move comes even as outgoing
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IMO Chief Warns of Continued Risk for Seafarers Transiting Strait of Hormuz
The International Maritime Organization (IMO) has raised fresh concerns over the safety of seafarers navigating the Strait of Hormuz, according
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IMO Chief Renews Push for Practical Steps to Reopen Strait of Hormuz to Shipping
The head of the International Maritime Organization has called for practical measures to restore freedom of navigation through the Strait
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BW LPG Profits Rise as Middle East Disruptions Boost Tonne-Mile Demand for VLGC Fleet
BW LPG has reported a profit for the period, with the company pointing to ongoing geopolitical unrest in the Middle
Marine Fuel Market Updates
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