Artificial intelligence (AI) is poised to transform the transportation industry, particularly shipping, by optimising routes, reducing fuel consumption, and enhancing safety. However, the rapid development of AI also presents significant risks, includi…
Double-edged sword of AI in shipping Read More »
The United States expanded sanctions against Iran’s petroleum and petrochemical sectors on Friday in response to an Iranian missile attack on Israel, the administration of President Joe Biden said.The U.S. move adds petroleum and petrochemicals…
US Expands Sanctions to Iran’s ‘Ghost Fleet’ of Oil Tankers Read More »
New Zealand’s Defence Minister on Thursday publicly criticised online trolling of the female captain of a naval vessel that sunk at the weekend, saying while the cause of the incident was unknown, it had nothing to do with the captain’s gender.The Mana…
Another 17 vessels added to Treasury’s list of blocked vessels, while State Department targets six
Middle East fixtures drive earnings down from Monday’s peak
VLCC spot indices post four-day decline even as Onassis group scores rate uptick Read More »