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NGOs urge IMO: “Dilution is not a solution” – choose onboard retention & port offload for ammonia ship waste

Opportunity Green, Environmental Defense Fund, One Planet Port, Pacific Environment, Clean Shipping Coalition, Seas at Risk, and ZESTAs call for a precautionary approach to managing toxic ammonia effluent from ammonia-fueled ships 13 February 2026 (London, UK) – A group of environmental and technology NGOs is urging the International Maritime Organization (IMO) to reject emerging proposals …

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Dirty & Clean Routes: This Week’s Congestion Moves

Recent freight market behavior suggests a pause in the rally rather than a structural reversal. Freight levels remain supported by constrained tonnage supply, particularly in core export regions, though near-term direction will depend on fresh cargo flow and overall market activity. Arabian Gulf and West African dirty freight markets are currently characterized more by holding …

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Shift in maritime lending power

Ship finance is undergoing a structural transformation that extends far beyond the typical market cycle, according to legal experts. In a Holland & Knight Insights article, authors Sophia Agathis, a partner at the firm, and Nicholas Kaasik, senior counsel, note that as 2026 unfolds, the ship finance industry is expected to reach a crossroad where …

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Russia’s ‘shadow fleet’ of tankers reported in Danish waters almost daily in 2025, Denmark says

Sailing from the Gulf of Finland and through the Baltic Sea, the ageing and poorly-maintained tankers mainly transport crude oil as well as refined products such as gasoline and diesel. Tankers from Russia’s “shadow fleet” circumventing European sanctions navigated through Denmark’s waters at a rate of almost one a day in 2025, data compiled by …

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Baltic Dry Index Halts 2-Day Advance

The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, snapped a two-day winning streak on Friday, falling about 0.6% to 2,083 points, pressured by the bigger-size segment. The capesize index, which typically transports 150,000-ton cargoes such as iron ore and coal, decreased by 1.9% to 3,181 points. Meanwhile, the panamax …

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KCC Annual Report and Fourth Quarter 2025 — Ending the year positively with strong momentum set for 2026

Klaveness Combination Carriers ASA (“KCC”) reported EBITDA of USD 22.6 million and Profit after tax of USD 10.4 million for the fourth quarter of 2025. For the full year 2025, EBITDA amounted to USD 79.8 million and Profit after tax to USD 33.4 million. CEO Engebret Dahm commented: “Following a strong close to 2025, we …

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