Markets Tightens After FED’s Statement and New Tariffs

Russian Oil Producers Threaten Force Majeure Over Baltic Port Attacks

Russian oil producers have warned buyers they could declare force majeure on supplies from major Baltic Sea ports as Ukraine presses ahead with attacks on Russian energy infrastructure, two industry sources said on Friday.Ukrainian

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Carnival Corp Slashes Annual Profit Forecast Due to Rising Fuel Costs

Carnival Corp cut its annual profit forecast on Friday, as higher fuel costs pressure the cruise operator's margins amid rising geopolitical tensions.Attacks on oil and transport facilities across the Middle East and disruptions to

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Chinese Container Ships Turn Back After Trying to Exit Strait of Hormuz

Two Chinese container ships turned backed after trying to exit the Gulf via the Strait of Hormuz on Friday, ship-tracking data showed, despite assurances from Iran that Chinese vessels could pass.The operator,

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Propane Uptake in Ports Takes Off

When if comes to energy transition, few alternative fuels tick as many boxes as propane, as propane offers much lower emissions when compared to diesel; the price of the fuel is more

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U.S. Great Lakes Shipping Stands Still Due to Ice Conditions, Lack of Icebreakers

A little over a day and half since the Soo Locks opened providing access to Lake Superior and critical raw materials like iron ore, and the U.S.-flagged Great Lakes commercial fleet is

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Russia’s Lavrov Says US Seeking Control of Nord Stream Gas Pipelines

Russian Foreign Minister Sergei Lavrov said the U.S. has been seeking control over the Nord Stream gas pipelines in the Baltic Sea, which were damaged by mysterious blast in September 2022.Explosions that

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UAE Stands Ready to Join Force to Reopen Strait of Hormuz

The United Arab Emirates has told the U.S. and other Western allies it would participate in a multinational maritime taskforce to reopen the Strait of Hormuz, the Financial Times reported on Friday,

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CIMAC Report Reminds on New fuel Safety Risks

CIMAC Working Group 17 (Gas Engines) has just released a new guideline that provides a comprehensive overview of how alternative fuels such as hydrogen, ammonia, methanol, and ethanol can be used in

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Thordon Bearings Appoints Engineering Leads

Thordon Bearings has announced two significant appointments which reinforce its commitment to meet growing demand for high performance, pollution-free seawater-lubricated bearings and seals in commercial shipping.Anthony Hamilton has been appointed…