Russia, Iran and Venezuela, faced with tightening Western sanctions, have teamed up with opaque shipping players to acquire a large number of tankers in recent years to maintain their oil revenues. The shadow fleet now comprises 978 tankers with over 27,000 deadweight tonnage, representing a combined capacity of 127 million dwt or approximately 18.5% of …
Shadow fleet expands to maintain sanctioned oil flows Read More »
Asia’s spot fuel oil market remained skewed to the downside as of Friday, while refining cracks logged weekly losses as supply pressure weighed. Cash differentials for both high sulphur fuel oil (HSFO) and very low sulphur fuel oil (VLSFO) closed in discounts at the end of the week. Cracks traded higher day-on-day, but were softer …
Spot market retains downside, cracks post weekly losses Read More »
During its meeting of 4 September 2025, the Board of Directors of EXMAR (“EXMAR” or “the Company”) reviewed and approved the interim accounts for the period ending June 30, 2025. The interim condensed consolidated financial statements have not been subjected to an audit or a review by the statutory auditor. HIGHLIGHTS ▪ MGC fleet renewal …
The European Union would welcome U.S. President Donald Trump’s support for its plans to stop buying Russian oil, purchases of which are helping to finance Moscow’s war in Ukraine, EU Energy Commissioner Dan Jorgensen told Reuters on Friday. The European Union is negotiating legal proposals to phase out EU imports of Russian oil and gas …
EU would welcome US backing to quit Russian oil, energy chief says Read More »
The new notation benefits designers, shipyards, owners, and operators as they plan next-generation container ships or consider retrofits and fleet upgrades. Lloyd’s Register (LR) has launched Fire (C, Risk), a new risk-based notation developed to enhance the assessment of fire safety arrangements on board container ships. The notation is accompanied by guidance to support shipowners, …
Lloyd’s Register launches risk-based fire safety notation for container ships Read More »
C3is Inc., a ship-owning company providing drybulk and tanker seaborne transportation services, announced today its unaudited financial and operating results for the second quarter and six months ended June 30, 2025. OPERATIONAL AND FINANCIAL HIGHLIGHTS Our handysize dry bulk carriers are on time charters of short-term durations, producing steady cash flows, while our Aframax tanker …
C3is Inc. reports second quarter and six months 2025 financial and operating results Read More »
President José Raúl Mulino met with more than 40 representatives of shipping companies from Japan’s Kanto region, where he presented Panama’s new ship registry strategy aimed at safeguarding its global leadership through enhanced safety standards and fully digitalized processes. Mulino emphasized that Panama’s registry is positioning itself as the flag of the future, driven by …
President Mulino Meets With Japanese Shipowners To Strengthen Panama’s Ship Registry Read More »
El seminario, organizado por la APS, Puertos del Estado y la Universidad Internacional Menéndez Pelayo (UIMP), abordará, por una parte, las políticas y estrategias destinadas a promover este nuevo paradigma de producción y consumo y, por otro, las iniciativas que están desarrollando los puertos españoles para fomentar prácticas más sostenibles. El Palacio de La Magdalena …
Se trata de una nueva jornada de convivencia en alta mar para las candidatas con los miembros del jurado El jurado de Falleras Mayores 2026 se presentará en un acto abierto a todo el público que tendrá lugar el 11 de septiembre en la estación de Trasmed en Valencia Se reafirma, de esta forma, el …
Se materializa así la asociación entre A.P. Moller Capital y Bergé y Compañía para impulsar el crecimiento del operador portuario BERGÉ en Iberia y Latinoamérica Tras la reciente autorización por parte de las autoridades portuarias y de competencia el pasado mes de julio, hoy se materializa la entrada de A.P. Moller Capital en el accionariado …
Formalizada la entrada de A.P. Moller Capital en BERGÉ Read More »
