Freight rates from South Asia to the US and Europe have surged about 50% in the last two weeks, while rates to the UAE and Saudi Arabia have remained more than three times historical levels for the past three months as tensions surrounding the Iran con…
South Asia capacity cuts and Hormuz closure boost freight rates to 3-year highs Read More »
The UK’s decision to extend its Emissions Trading Scheme (UK ETS) to maritime transport from July 1, 2026 marks a significant shift in the regulatory landscape for shipping, introducing a company-level carbon compliance regime that operators must begin…
UK maritime ETS countdown begins Read More »
The ship recycling market gained ground last week, as supply remained short. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the Indian market strengthened during the week due to the limited avail…
Ship Recycling Market Finding Renewed Support Read More »
Why maintenance records matter at handover Marine insurers have long emphasised that maintenance records should follow the vessel at changes of ownership or management. Gard addressed the issue in a Loss Prevention Circular in 2010, and IUMI reinforced…
The risk of taking over a vessel without its history Read More »
Russia introduced a ban on diesel exports on Wednesday as part of a raft of measures to support the domestic fuel market after systematic Ukrainian drone attacks on oil refineries triggered shortages and price spikes in some regions.Drivers in many reg…
Russia Bans Diesel Exports After Ukrainian Strikes Trigger Domestic Shortages Read More »