This week’s focus highlights a decrease in vessel congestion at the port of Ras Tanura for dirty tankers, including VLCCs and Suezmax vessels. Port congestion metrics show a 25% decline on both a weekly and monthly basis. However, in contrast, port day…
VLCC Ras Tanura – Port Congestion Metrics Read More »
The EU’s FuelEU Maritime regulation, set to take effect in January 2025, looks set to further shake up the industry, as it continues on its path to net zero. As part of the EU’s Fit to 55 package, FuelEU aims to accelerate the decarbonisation of …
Call to action on FuelEU compliance Read More »
Stock sinks after Stifel downgrade despite in-line results
World Kinect reports bunker profit growth despite volume slip Read More »
The Panama Canal’s profit increased about 9.5% in the fiscal year ended in September to $3.45 billion despite a severe drought that reduced the number of vessels that passed through the waterway, its authority said on Friday.Adverse weather…
Panama Canal Defies Drought: Net Income Surges to $3.45 Billion Read More »
The union representing 45,000 East Coast and Gulf Coast dockworkers and a group representing employers will resume negotiations next month toward reaching a new six-year contract ahead of a Jan. 15 deadline, they said on Friday.The International…
US East Coast, Gulf Coast Port Workers Union to Resume Contract Talks in November Read More »