Latest News
The latest energy, maritime and bunker industry news worldwide.
Latest News
The latest energy, maritime and bunker industry news worldwide.
Keeping You Informed
Ship Recycling Market Showing Mixed Performance
The ship recycling market has been varying in performance, depending on the individual market. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that
Fuel cells: Flexible fossil-free power
Do you want to power your whole ship or replace diesel auxiliary generators? Do you want to use hydrogen, ammonia or methanol to generate energy? These are legitimate questions when
Houthi militia ceasing attacks in Red Sea would have seismic impact on container shipping and see freight rates plunge – but questions remain unanswered
Houthi militia have reportedly ceased attacks on Israel and shipping in the Red Sea (source: AP) – the impact would be seismic for global ocean container shipping, but an immediate
Tanker Newbuildings in Demand
Ship owners poured funds into more tanker newbuildings over the past week. In its latest weekly report, shipbroker Banchero Costa said that “in the bulk sector, Belgian owner EBE Maritime
Iron Ore’s Shifting Currents: Supply Surge Meets China Slowdown
In the Pilbara, BHP is doubling down on growth, pledging A$1.4 billion to enhance Port Hedland infrastructure and sustain export capacity near 305 million tonnes per annum (Mtpa). The investment
Court of Appeal upholds pay first provision in marine insurance policy
In a significant decision for marine insurers, the Court of Appeal has agreed with the Commercial Court that a pay first provision in a marine insurance policy was valid and
LNG Shipping on the Rise
The LNG shipping segment seems to be on rising tide, after the latest geopolitical developments and the US emerging as a major exporter of natural gas. In its latest weekly
Tanker Freight Rates Hit Five-Year High Amid Russian Oil Sanctions Shake-Out
At least two blacklisted tankers carrying 1.4 million barrels of Russian crude are tracked at anchor outside the port of Mundra, India, in the first signs that fresh Western sanctions
EU STIP recognises practical and realistic methane decarbonisation pathway
The EU Commission’s new Sustainable Transport Investment Plan (STIP), published on 5th November, represents a major milestone for the methane decarbonisation pathway. The Plan explicitly recognises LNG, bio-methane and e-methane