The world economy has successfully avoided the initial, catastrophic blow from the recent surge in trade protectionism, yet the long-term outlook remains “insufficiently bright”, according to the latest World Economic Outlook report from the International Monetary Fund. Acting as a global policy bellwether, the IMF has delivered a sombre assessment, highlighting the tension points of …
The West of Suez Very Large Crude Carrier market saw levels firm to multi-year highs toward the end of the third quarter of 2025, as the progressive unwinding of OPEC+ production cuts, strong demand for cargoes loading in the Atlantic basin, and the limited number of newbuilds entering the market helped tip the scales in …
The International Chamber of Shipping (ICS) comments following the conclusion of the International Maritime Organization’s (IMO) Extraordinary Session of Marine Environment Protection Committee (MEPC) meeting held in London to discuss the Net-Zero Framework for the shipping industry. The framework would have created the first global carbon pricing mechanism for any industrial sector with the aim …
ClassNK has added Japan’s first hydrogen-fueled tugboat TEN-OH to its register, which is built by TSUNEISHI SHIPBUILDING Co., Ltd. This vessel was developed and build under the ‘Nippon Foundation Zero Emission Ships Project’, a grant program by The Nippon Foundation aimed at developing ships with zero CO2 emissions. Based on discussions among the parties involved …
ClassNK to class Japan’s first hydrogen fueled tugboat TEN-OH built by TSUNEISHI Read More »
Market & trading calls Americas: Neutral US crude supply over Q4 as growth comes to a halt amid a slowdown in efficiency gains and lower upstream activity. Optimistic regarding US crude demand, which is rising counter-seasonally as refiners take advantage of robust product cracks. Neutral US M1 versus M2 spreads, which will remain volatile over …
Spot differentials for fuel oil markets were little changed on Friday in Asia as pre-Diwali holiday trade was thin, while some trade sources said supply outlook was slightly towards the year-end for high sulphur fuel oil (HSFO). The markets have been largely weighed by ample prompt supply, with the differentials holding steadily in discounts towards …
Asia Fuel Oil Differentials steady in thin pre-Diwali holiday trade Read More »
Kongsberg Maritime proudly marks a decade since the launch of its pioneering rim-drive permanent magnet thruster technology, celebrating both its 10th anniversary and almost 100 orders for this groundbreaking propulsion solution. Following extensive trials of the first prototype tunnel thrusters, including installation on the anchor handling vessel Olympic Octopus, the first rim-drive azimuth thruster was …
Kongsberg Maritime celebrates 10 years of rim-drive thruster innovation Read More »
Erik Thun Group has launched Thun Renew, the third out of eight vessels in its innovative R-Class series, at Ferus Smit Shipyard in Leer, Germany. Continuing the legacy of Thun Resource and Thun Reliance, the R-Class stands for “Resource Efficiency”-vessels designed to combine top-tier performance with sustainability, reliability, and care for the people working onboard. …
Thun Tankers launched “Thun Renew” – a vessel built for a sustainable future Read More »
Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced that it has taken delivery of the Genco Courageous, a 2020-built 182,000 dwt scrubber-fitted Capesize vessel. John C. Wobensmith, Chief Executive Officer, commented, “We are pleased to take delivery of this high specification, fuel efficient …
Oficial Portuario Jornada Tiempo completo Tipo de contrato Temporal Experiencia De 2 a 5 años Localidad Zierbena Num. Vacantes 4 Referencia C04CC1B0-CF3D-93B9-4506-069FB8914C56 Oficial Portuario en Zierbena, España La entrada Oficial Portuario – 4 plazas se publicó primero en Actualidad Marítima y Portuaria.
