HD Hyundai Heavy Industries Co., Ltd. (HHI) has developed a 35,000 m³ LPG/Ammonia carrier. ClassNK reviewed the design concept of the vessel and, having confirmed that it meets the prescribed requirements, issued an Approval in Principle (AiP).
The Turkish government has formulated a draft peace plan that proposes to bring an end to the Russian and Ukrainian maritime strikes in the Black Sea – and relieve the pressure on Turkish shipping interests. A Turkish diplomat told AFP…
Italy's defence minister on Friday called for a stronger naval presence in the Red Sea to protect merchant shipping amid concerns over the Bab el-Mandeb Strait, a vital waterway threatened by the widening Middle East conflict.The Iran-backed Houthis in Yemen…
Greek dry bulk shipowner Icon Energy announced that third-quarter gross hire rates across its fleet are projected to average approximately $19,000 daily per vessel, marking a 23 per cent rise from $15,500 during the prior-year period.Fleet utilisation reached 100 per…
Oil company Saudi Aramco has told at least two European refining customers they will receive no crude oil next month following an attack on Saudi Arabia's key pipeline to the Red Sea, Bloomberg News reported on Friday, citing people familiar…
Russia's ESPO Blend oil jumped above $120 per barrel for the first time since April, boosted by demand from Chinese refiners as the US-Israeli war on Iran disrupts Middle Eastern supplies, three traders said and Reuters calculations showed.China has increased…
