Two months on from the initial sanctions on Russian crude, we take a look at the impact that these restrictions have had on the Tanker markets. Additionally, we analyse the impact of the new round of sanctions on refined petroleum products

All about methanol What is methanol? Methanol (methyl alcohol, CH3OH or MeOH) is a biodegradable wood alcohol used to make everything from plastics to paints and pharmaceuticals. Although it is toxic and highly flammable, it dissolves in wa

Clean The majority of the Baltic Exchange CPP freight routes have fallen this week, which was reflected in the BCTI dropping to under the 1000 mark. In the Middle East, LRs have taken a tumble after improving. On the LR2s TC1 peaked at just

The Fog of War It now marks one year since the Russian invasion of Ukraine. Instead of being a short military operation, it has evolved into a protracted war with thousands dead and injured on both sides, severe devastation to Ukraine and n

Piraeus, Greece, February 24, 2023. Capital Ship Management Corp. (Capital) took successful delivery of the newbuilding vessel M/T Agisilaos, a 50,000 dwt, eco-type Chemical/Product MR tanker, built by Hyundai Vietnam Shipyard Co Ltd, Vietn

Global, sector-focused law firm HFW has continued to support the development of a new Geneva Declaration designed to define and defend the human rights of the global maritime population and those crossing the worlds oceans and seas. HFW pre

In January, China won all 17Pure Car Truck Carrier(PCTC) orders worldwide. From 2016 to 2020, only four PCTCdeliveredannually. However, the export volume of new energy vehicles continues to climb, greatly boosting the demand for PCTC. Stati

Hong Kong, 23 February 2023 Pacific Basin Shipping Limited, one of the worlds leading dry bulk shipping companies, today announced the results of the Company and its subsidiaries (collectively the Group) for the year ended 31 December 2022.

Despite reports of global piracy declining for the second year in a row, the number of robbery incidents in the Singapore Strait reached a seven-year high in 2022 and vessels anchored in South American ports continue to be attacked by viole

Chinas new generation of high-performance ultra-large containership, NACKS 335, set off on a test voyage from Nantong City of east Chinas Jiangsu province on Tuesday morning. The mega vessel built by Nantong COSCO KHIShipEngineering Co., Lt

In what the Club has characterized as a disciplined renewal West PI retained 99% of its existing tonnage while gaining an additional 6m GT across the year. Adjustments throughout the year together with restorative action at renewal saw the

Norways Hegh LNG Fleet Management (HLNG). The renewed agreement includes delivery of spare parts and field maintenance services, as well as Wrtsils latest digital solutions and extends the value-adding cooperation between the two companies.

The Baltic Exchanges main sea freight index posted its second-biggest jump ever on Thursday, as rates for all vessel segments rebounded from their multi-year lows, led by capesizes. The overall index, which factors in rates for capesize, pa

Bruno Garcia is the new CEO of HAUG Sauer Kompressoren Kiel/St. Gallen. Swiss manufacturer HAUG Sauer Kompressoren AG appointed Bruno Garcia as its new CEO. He will take over the sole management by the 1st of march 2023. Garcia has already

RightShip data shows that in 2022, half of the incidents weve recorded occurred in ports and terminals. Where location data is available, 50% of incidents occurred within the port and terminal boundary, including at berth or using facilitie