The Baltic Exchange has launched two new Aframax tanker benchmarks tracking Canadian crude exports to Asia, marking a direct response to shifting global trade dynamics… Weiterlesen »Baltic Exchange Launches New Canadian Crude Tanker Routes as Geopolitics Reshape Energy Trade

The US made a proposal at talks held by the global shipping regulator to introduce another step in adopting a charge on vessel emissions if… Weiterlesen »Washington Moves to Weaken IMO Climate Plan with Last-Minute Rule Change

The Drewry World Container Index increased 2% to $1,687 per 40ft container this week, marking the first increase following 17 consecutive weeks of decline. Spot… Weiterlesen »Container Rates Snap 17-Week Losing Streak as Carriers Push Rate Increases

U.S. Treasury Secretary Scott Bessent said on Wednesday that he told Japanese Finance Minister Katsunobu Kato that the Trump administration expects Japan to stop importing… Weiterlesen »Bessent Says US Expects Japan to Stop Buying Russian Energy

The head of the US Southern Command is visiting key Caribbean nations this week, as President Donald Trump’s administration surges forces into the region in… Weiterlesen »Top US Admiral Visits Caribbean Nations Amid Venezuela Tensions

China’s retaliatory port levies are exposing oil shipping companies to hefty fees, making them scramble for relevant paperwork, and contributing to delays, cancellations and spiraling… Weiterlesen »China Port Fees Jack-Up Oil Tanker Costs and Cause Market Chaos

Most Iranian-flagged tankers have begun transmitting properly over the Automatic Identification System (AIS) without spoofing for the first time in seven and a half years,… Weiterlesen »Iran’s Tanker Fleet Mysteriously Resumes Transparent AIS Transmissions After Seven-Year Blackout

California Governor Gavin Newsom has vetoed Senate Bill 34, legislation that would have imposed new requirements on the South Coast Air Quality Management District when… Weiterlesen »California Governor Vetoes Port Emissions Bill Over Fiscal Concerns

The United Kingdom has sanctioned China’s Beihai LNG terminal as part of a comprehensive package targeting Russia’s energy sector and its international enablers, marking a… Weiterlesen »UK Strikes at Russia’s Arctic LNG 2 Lifeline with Sanctions on China’s Beihai Terminal

The National Transportation Safety Board has released its investigation report into the June 18, 2023, implosion of the submersible Titan, concluding that OceanGate’s inadequate engineering… Weiterlesen »NTSB Finds OceanGate Ignored Critical Damage Before Titan’s Final Dive