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The Swedish Coast Guard released the detained shadow fleet product tanker Flora 1, saying the environmental violations related to an oil spill in the Swedish EEZ could not be proven.
First LNG carrier transits of the Strait of Hormuz, dislocated tonnage drives tanker market, Yanbu VLCC loadings soar. A look back at the top stories on Seatrade Maritime News over the last seven days.
In this episode of The Maritime Executive's podcast series, TME editor-in-chief Tony Munoz caught up with Joseph Morris, CEO and Port Director of Port Everglades, for an in-depth discussion of the port's business and the opportunities ahead.
On Saturday, Iran's Islamic Revolutionary Guard Corps claimed a drone strike on an MSC container ship at a position in the Gulf region.
Over 40 nations agree to increase diplomatic pressure to unblock Strait of Hormuz while Trump posts social media threats and expletives.
Leading shipowners and analysts in New York grapple with the complexities of the tanker market with the closure of the Strait of Hormuz.
At a time of active conflict involving both Lebanon and Israel, and when the French Navy has deployed at full strength to prevent further attacks on the British Sovereign Base Area in Cyprus, the strength of the Mediterranean Flotilla has sunk to a single ship flying the St. Andrew’s Flag of the Russian Navy.
The merchant marine tends to sail on regardless in time of war, notwithstanding the risk. As the risk goes up, so do cargo rates. And so also does demand for the goods being carried.
World Fuel Services, in collaboration with West Coast Clean Fuels, has established a proven methanol bunkering capability available to vessel owners and operators across U.S. ports.
From splash247.com
Wolfgang Lehmacher ponders whether Middle East multimodal shift inland is permanent.
From splash247.com
Lila Global has nailed the tanker cycle, with its latest VLCC play delivering a striking asset value uplift in just a few months.
From splash247.com
Greek owner Venergy Maritime is stepping up its move into crude tankers, lining up as many as six suezmax newbuilds across two Chinese yards.
From splash247.com
Ukraine has launched a series of sweeping strikes against Russian energy infrastructure over the weekend, targeting the Sheskharis oil terminal at Novorossiysk, the Lukoil NORSI refinery in the Nizhny Novgorod region, the Baltic port of Primorsk and a grain-carrying vessel in the Sea of Azov – a coordinated assault designed to squeeze Moscow’s oil export revenues at a moment when Middle East war has driven global energy prices to historic highs.
From splash247.com
Product tanker giant Hafnia has signed up for eight new MR tankers at HD Hyundai Heavy Industries in a deal worth about $405m.
From splash247.com
Swedish authorities have seized a Sierra Leone-flagged chemical tanker on suspicion of carrying out an illegal oil spill in the Baltic Sea.
From splash247.com
Djibouti has officially inaugurated a new ship repair yard developed in partnership with Damen Shipyards with financing from Invest International of the Netherlands.
From splash247.com
The US Department of the Interior has announced the start of a phased plan to establish the Marine Minerals Administration, which will bring together the functions of the Bureau of Ocean Energy Management (BOEM) and the Bureau of Safety and Environmental Enforcement (BSEE).
From www.world-grain.com
Outlook forecasts modest rotation away from corn, ongoing wheat retreat
From www.world-grain.com
Transaction consolidates assets of operational partners
From www.world-grain.com
The benchmark global food commodity index rose for the second straight month as prices for all grains except for rice also increased, according to the latest monthly report from the Food and Agriculture Organization (FAO) of the United Nations.
From www.world-grain.com
Imported feedstocks to receive full RVO tax credit until 2028
From www.world-grain.com
Railway shipped nearly 3 million tonnes in March
From www.world-grain.com
FAS: Production seen slipping to 20.3 million tonnes in 2026-27
US benchmark WTI and North Sea Brent crude saw significant gains amid escalating tensions involving Iran and the United States.
OPEC+ has decided to raise oil output quotas by 206,000 barrels per day for May, a move overshadowed by the ongoing US-Israeli conflict with Iran, which has disrupted major oil routes and pushed crude prices to near four-year highs.
