Clean LR2 The TC1 75kt MEG/Japan index remained stable this week around the WS525-530 mark. A voyage west also saw the TC20 90kt MEG/UK-Continent index also continued around the $10.25-10.3 million level. The TC15 80kt Mediterranean/East index came down a further 21% this week to $5.95 million with the corresponding TCE dropping to $39,000/day on …

Tankers: VLCC Tanker Softened Last Week Read More »

The Claims Environment Forced the Conversation The Francis Scott Key Bridge collapse did more than produce a market-defining loss. Howden Re’s revised assessment puts insured losses above $2.8 billion, cementing Baltimore as the largest marine insurance loss on record, surpassing the circa $1.6 billion Costa Concordia benchmark from 2012. The revised figure consumes close to …

Monitoring a Fleet You Can’t Find: The Marine Insurance Challenge in a Dark-Activity Era Read More »

Singapore’s residual fuel oil stocks have averaged 6% lower so far in May than across April, Enterprise Singapore’s latest data shows. Changes in monthly average Singapore stocks from April to May (so far): Residual fuel oil stocks down 1.30 million bbls to 20.54 million bbls Middle distillate stocks down 580,000 bbls to 9.61 million bbls …

Singapore’s fuel oil stocks decrease 6% this month Read More »

“Shipping has entered a period where complexity is building faster than it can be absorbed. Costs are rising and decision cycles are shortening. This combination is creating a widening gap between what is technically possible and what is operationally viable at sea. Closing that gap is now central to competitiveness.” That was the message from …

ABS Advances Safe, Scalable Operational Solutions for Urgent Shipping Challenges Read More »

Global shipping, logistics, and trade have shown remarkable resilience despite such disruptions, such as the closure of the Strait of Hormuz, protectionist headwinds, and extreme climate conditions, but that resilience is increasingly fragile unless the world acts together to tackle mounting risks, officials and industry leaders warned on Wednesday at the 10th Maritime Silk Road …

Global shipping resilience ‘fragile’ without cooperation, Ningbo forum warns Read More »

As maritime operations become more digital and connected, maritime learning needs to evolve too. Explore why people-centred simulation matters for readiness, safety, and long-term competence. Maritime work is becoming more digital, more connected, and more demanding. Since 1 January 2024, IMO Member States have been required to use a Maritime Single Window for ship and …

Why People Still Sit at the Centre of Maritime Learning Read More »

The American Maritime Partnership (AMP) argues that the current waiver is harming domestic maritime jobs and investment. AMP has launched a national campaign urging the US administration to end the ongoing 150-day Jones Act waiver, saying the measure + is undermining US maritime workers, businesses and shipbuilding interests. The Jones Act requires cargo moved between …

US maritime group urges end to Jones Act waiver Read More »

Anglo-Eastern Univan Group (Anglo-Eastern), a global leader in independent ship management services, is drawing on its centralised Global Security Desk (GSD) to support vessels, crews and clients as the maritime security landscape continues to face one of its most prolonged periods of compound risk in recent memory. With the Strait of Hormuz closure now entering …

Anglo-Eastern reinforces fleet security through its Global Security Desk as Hormuz disruption continues Read More »