This week, the United States Department of the Treasury is imposing sanctions on four entities and three vessels involved in the trade of Iranian petroleum and petrochemicals, which generate billions of dollars’ worth of revenue for the Iranian regime. This revenue supports Iran’s nuclear program, its development and proliferation of provocative ballistic missiles, and financing …

US Treasury Maintains Pressure on Iranian Shadow Fleet Read More »

Asia fuel oil markets were largely stable on Friday in thin trade, while a key spread between two benchmark grades narrowed from last week. The premium of very low sulphur fuel oil (VLSFO) over 380-cst high sulphur fuel oil (HSFO), commonly known as the hi-5 FO05-380SGMc1, closed below $90 a metric ton, narrowing about 7%, …

Asia Fuel Oil-Markets little changed, hi-5 narrows week-on-week Read More »

Danish Shipping strongly supports IMO guidelines on biofouling management to protect vulnerable marine ecosystems and the biodiversity of the seas. Biofouling is a major factor in the spread of invasive species. Tiny algae and barnacles stuck on the hulls of ships can spread invasive species over vast distances and cause problems in marine ecosystems on …

Danish Shipping adopts policy on Biofouling Management Read More »

“Many of our sustainable transportation programs and initiatives tend to become mode-centric, but it is critically important to optimize the overall sustainable freight transportation across modes from origin to destination, which requires a system of systems focus.” That was the message to U.S. transportation industry and Government leaders from ABS Chairman and CEO Christopher J. …

Don’t Overlook Shipping’s Critical Role in U.S. Sustainable Transport Future, ABS Chairman and CEO Urges Washington Read More »