Successive rounds of European Union (EU) sanctions have steadily tightened the screw on Russian oil exports since the country invaded Ukraine. The bloc’s sixth Sanctions Package, announced in early June, included a ban on seaborne crude oil...
In further disruption to the supply chain vessels face being forced to divert from the Taiwan Strait as China launches large-scale, live firing military exercises in the key waterway.
Furetank Rederi’s latest chemical tanker contract placed at China Merchants Jingling Shipyard incorporates design requirements that will ensure CII compliance until at least 2030, Lars Höglund, the Swedish company’s CEO told Seatrade Maritime News...
As Europe scrambles to replace Russian pipeline gas with LNG imports by ship a lack of receiving terminal infrastructure is set to boost demand for Floating Storage and Regasification Units (FSRUs).
Australia has banned the aframax tanker AG Neptune for six months for failure to fully pay crew wages and other Maritime Labour Convention (MLC) violations.
Risks to shipping markets were in focus as analysts from Maritime Strategies International (MSI) shared their opinions and outlook on the dry bulk, container, oil and newbuilding sectors.