ClassNK Names New Leadership Team

Japan-based classification society ClassNK has named Hayato Suga as its new president and CEO, and Fumihiko Higashi as its executive vice president.Effective March 21, 2025, Suga will move from his current senior

U.S. Wants Black Sea Ceasefire

A U.S. delegation will seek progress toward a Black Sea ceasefire and a broader cessation of violence in the war in Ukraine when it meets for talks with Russian officials on Monday,

Recycling Market Abuzz Over Sanctioned VLCCs

This week’s news was abuzz surrounding the two OFAC sanctioned VLCCs that recently arrived OPL Chattogram and are now stuck after undoubtedly risky transactions that have resulted in several failed onward resales,

Celebrities Condemn Brittany Ferries’ Live Export Decision

Actors Dame Joanna Lumley and Pauline McLynn have joined forces with over 110 other high-profile individuals, experts and animal welfare NGOs to condemn a decision by Brittany Ferries to resume transporting livestock

Tidewater Orders Four Inland Barges

Tidewater Transportation and Terminals has finalized a contract with Gunderson Marine and Iron, a Portland, Oregon-based shipyard, for the construction of four new liquid refined product barges.The barges will measure 272 feet

Survey Vessel Runs Aground off Italy

The geophysical survey vessel Fugro Mercator ran aground off the north coast of Elba, Italy, on March 22.The Italian coastguard arrived on site swiftly to provide support and monitor the situation. All

Sanctioned Russian Tankers Will Offload Oil in Syria

Two tankers hit by U.S. sanctions are due to offload Russian Arctic Oil in Syria for the first time, days after Moscow made its first known delivery of diesel there in more

Baltic Exchange Index Snaps Four-Day Losing Streak

The Baltic Exchange's dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, snapped a four-session losing streak on Friday, buoyed by an uptick in rates across all vessel segments.

China's Iranian Oil Imports Will Slow Under U.S. Sanctions

Iranian oil shipments into China are set to fall in the near-term after new U.S. sanctions on a refiner and tankers, driving up shipping costs, but traders said they expect buyers to