Dangote ramp-up slashes WAF product imports, reshapes clean tanker routes: analysts

The ramp-up of Nigeria’s 650,000 b/d refinery has cut imports of clean products to West Africa and is redirecting tanker flows around the region, according to analysts. West African imports of clean refined products fell to 765,000 b/d in May from 997,000 b/d in April, a 23% decline, S&P Global Commodities at Sea(opens in a …

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Trade stands at a crossroads

The OECD has laid out two starkly different economic futures for global trade in its latest Economic Outlook. The report’s scenario analysis makes clear that the trajectory of Middle East-related disruptions to energy flows will determine not only growth, but the structure and resilience of global trade itself. At the centre of the OECD’s outlook …

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BIMCO’s Energy Saving Device Retrofitting Addendum: Work well underway

As the shipping industry intensifies its focus on energy efficiency, clear and balanced standard contractual frameworks for vessel retrofit projects are becoming increasingly important. BIMCO is well advanced in developing its Energy Saving Device Retrofitting Addendum, a document designed to give shipowners, charterers a reliable and practical tool for enabling retrofit projects under time charter …

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Retrofitting at scale: Lessons from delivering the world’s first methanol mega containership conversion

The retrofitting of a 20,000 TEU container vessel to run on methanol was successfully completed in China in 2025. With valuable lessons already learned, this can pave the way for further conversion of the global fleet to low-GHG fuels, supporting wider decarbonization efforts. The world’s first methanol conversion project for a mega container carrier was …

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Emergency Fuel Surcharge Negotiations Reveal a Larger Question for the Freight Industry

When supply chains get strained, who pays? Freight leaders are increasingly finding that the answer depends as much on relationships and transparency as it does on bunker prices. Among all topics discussed at the NYC Freight Roundtable on June 4, Emergency Fuel Surcharge (ESC) negotiations emerged as one of the most debated issues. As uncertainty …

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Global shipping industry associations condemn recent attacks on seafarers

BIMCO, the International Chamber of Shipping (ICS), INTERCARGO and INTERTANKO unanimously condemns recent attacks on seafarers and commercial shipping in and around the Strait of Hormuz. According to the International Maritime Organization (IMO), the organisation has verified 46 attacks on international shipping in and around the Strait of Hormuz since 28 February 2026, with 14 …

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Three seafarers killed in Hormuz strike as UN warns of widening fallout

The latest strike, which the United States said had been carried out as part of its blockade enforcement operations, involved the Palau-flagged tanker MT Settebello near the coast of Oman. Tit-for-tat strikes by the US and Iran following the apparent suspension of negotiations to end the war threaten to accelerate, with President Trump on social …

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