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Fortescue and CMB.TECH sign agreement for ammonia-powered ore carrier

15/04/2025

CMB.TECH NV has signed an agreement with Fortescue to charter a new ammonia-powered vessel. This emphasises the commitment of both

Historic Agreement in IMO on Global Climate Regulation of Shipping – the Work for Climate-Neutral Shipping will Continue

14/04/2025

A majority of IMO member states have voted in favor of an agreement to regulate international shipping. The regulation aims

IMO to charge ships at least $100 per tonne of CO₂ emitted above set target

14/04/2025

The latest IMO agreement is considered pivotal for the future of the shipping industry. Commenting on its impact, ING’s Senior

LNG and LPG Markets Under Pressure

14/04/2025

The LNG market came under slight pressure this week, with rates softening across most routes. The Atlantic basin was mixed,

IMO continues decarbonization of maritime transport after crucial vote

14/04/2025

Although the ambition of the agreed measures has fallen short of expectations, OceanCare welcomes the fact that a majority vote

Phase-out of fossil fuels in shipping begins in earnest: IMO measures unlikely to reach GHG reduction targets, but close

14/04/2025
The IMO’s Marine Environment Protection Committee 83rd meeting has concluded with a weak agreement on mid-term measures that does

Tankers: VLCC Market Keeps Trending Downwards

14/04/2025

Clean
LR2
MEG LR2’s gradually softened this week. The TC1 75kt MEG/Japan index dropped from WS250 to WS130.28 and a TC20 90kt MEG/UK-Continent was also assessed $271,000 lower at $3.73m.
West of Suez, Mediterranean/East LR2’s remained dormant with the TC15

Atlantic Shipping Emissions Cut Agreed, But IMO Scrubber Ban Delayed

14/04/2025

As a meeting of the International Maritime Organization's (IMO) Marine Environment Protection Committee (MEPC 83) closes today, the Clean Arctic Alliance welcomes member states' approval of a proposal for a new North-East Atlantic emission control area, scheduled to enter into

Global Shipping Walks the Plank – IMO Reaches Consensus but Falls Short on Ambition

14/04/2025

The International Maritime Organization (IMO) met this week to finalise measures for its greenhouse gas (GHG) strategy – yet ambition

How new fuel bunkering will impact route planning

14/04/2025

The maritime industry’s transition to a lower emissions future is being driven by a developing set of regulatory requirements. The

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