The International Chamber of Shipping (ICS) has expressed its concern over the developing situation in the Gulf, following the seizure of the British-flagged tanker, Stena Impero, by the Iranian Revolutionary Guard in the Strait of Hormuz o

The recent attacks on merchant vessels in the vicinity of the Straits of Hormuz and the Gulf of Oman, culminating in the boarding and detainment of a UK flagged tanker at the end of last week, have prompted the United States (US) Central Co

VLCC Rates for 270,000mt Middle East Gulf to China slipped to WS 43.5, down two points. However, with a $50/mt fall in bunker prices over the week, earnings have remained flat. The assessment for 280,000mt Middle East Gulf to US Gulf basis

The Panama Canal is designed as a shortcut. Its the most impressive shortcut ever built in the history of mankind. For shippers sending U.S. liquefied natural gas and liquefied petroleum gas to Asia, it drastically reduces voyage time. But

The Council of the International Maritime Organization (IMO) has condemned recent attacks on commercial shipping in the Strait of Hormuz and Sea of Oman. The Council of the UN body expressed its concern over the grave danger to life and the

At a meeting last week of the European Union (EU) Code of Conduct Group, the Member States reviewed and positively assessed the proposed amendments to the Republic of the Marshall Islands (RMI) Economic Substance Regulations promulgated by

Irans Foreign Ministry said on Tuesday that the Islamic republic was assisting a foreign tanker that had encountered a technical problem in the Persian Gulf after receiving a distress call. According to international regulations,... Iranian

Compliance with the International Maritime Organizations global sulfur limit for marine fuels will likely settle around 90% or 95% in the initial years after 2020, well above some industry estimates that pointed to compliance of 70%-80% a y

Bunker costs per TEU are set to increase by over 50% from January 2020 as the IMO2020 rules force global container lines to switch to more expensive low sulphur fuels. Calculations by MDS Transmodal using its online BAF Calculator suggest t

DUBAI - British Foreign Secretary Jeremy Hunt sought to ease tensions with Iran on Saturday, saying a seized tanker held in Gibraltar would be released if Teheran guaranteed the ship would not head to Syria. He said he had a constructive ca

Beginning on 1 January 2020, all vessels worldwide will only be able to refuel using fuel with a maximum sulphur content of 0.5 percent this is the requirement of the global fuel guideline known as IMO2020. As of 1 March, no vessel will be

BIMCO has voiced its support for US calls to set up a coalition to patrol and safeguard shipping in the Middle East Gulf and Strait of Hormuz in the wake of attacks against oil tankers on May 12 and June 13 in Gulf waters. The worlds bigges

Government and private stakeholders have expressed their support for climate action in the Caribbean, with a focus on decarbonizing the shipping sector, during a regional workshop on Capacity Building for Climate Mitigation in the Maritime

IN a recent notice, the U.S. Coast Guard again warns of the importance of maintaining your guard on cyber security, on land and at sea. In February 2019, a deep draft vessel on an international voyage bound for the Port of New York and New

Vattenfall and Echandia Marine have developed a new solution for electric ferries that is designed to minimise emissions and noise and at the same time lower operational and maintenance costs and provide superfast charging. The systems are