IMO approves new recom­men­da­tions for underwater management of biofouling on ship hulls and takes important steps towards binding international regulations.

Biofouling

Wintermar recorded a 31.4%YOY increase in Gross Profit to US$6.6 million for 1Q2025, with US$4.1 million Operating Profit (+52.5% YOY),

Condition Monitoring Technologies (CMT) has cautioned against placing sole reliance on artificial intelligence in ship condition monitoring, warning that human

LNG

The LNG market showed a notable shift this week, with a strong recovery in the Atlantic basin while the Pacific

Bangladesh has officially launched the development of a National Action Plan (NAP) to reduce greenhouse gas (GHG) emissions from shipping.

Corrosion in cargo and water ballast tanks presents a significant challenge. DNV analyses reveal that corrosion is the most common

At the 83rd session of the IMO’s Marine Environment Protection Committee (MEPC 83) , the MEPC approved a proposal to

Clean

LR2

MEG LR2’s improved modestly this week. The TC1 75kt MEG/Japan index ticked up from WS117.22 to WS126.67 and a TC20 90kt MEG/UK-Continent held flat around the $3.5m.

West of Suez, Mediterranean/East LR2’s remained sedate with the TC15 index dipping $35,000 to

With higher water levels, improved transit conditions and a forward-looking strategy, the Panama Canal is making a strong recovery from the worst drought in its 143-year history.

Alexei Oduber square
Nearly two years have passed since the Panama Canal Authority cut

In April 2025, the IMO adopted a global carbon pricing mechanism for shipping, to take effect in 2028, with a