UK ferry operator Red Funnel confirmed that it plans to introduce a high-performance, emission-free high-speed vessel on its service crossing the Solent in late 2025. The unique vessel is an all-electric e-foiling passenger ferry developed by Artemis Technologies. The design…
SEA.AI, the prime mover in maritime machine vision, has partnered with TimeZero, the leading provider of navigational software solutions, to integrate its AI-based vision technology into TZ Professional software. This collaboration is designed to bridge the gap in situational awareness…
Independently held gasoline stocks in storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose by over 9% in the week to Thursday, data from Dutch consultancy Insights Global showed. Gasoline stocks reached 1.124 million metric tons, the data showed.…
Recognizing the need for climate action, the International Maritime Organization (IMO) adapted a new strategy in 2023 to incorporate a net-zero emissions goal for all vessels by or around 2050. “With a lifetime of 20-30 years for a vessel built…
The Panama Canal Authority (APC) announced this month that it will increase the number of daily booking slots for vessels transiting the Panama Canal to 35 in August, easing rules that restricted shipping traffic through the narrow waterway since last…
Onshore fuel oil stockpiles at key trading and storage hub Singapore fell in the week ended June 26 after climbing for four straight weeks, the latest data showed Thursday. Inventories fell 15.4% to 19.29 million barrels (3.04 million metric tons)…
The European Union will add 27 vessels, including oil and liquefied natural gas tankers, to its list of entities under sanctions as part of its latest measures against Russia, two sources familiar with the matter said. EU countries adopted the…
Asurvey carried out by the International Seafarers’ Welfare and Assistance Network (ISWAN) and sponsored by The Shipowners’ Club indicates that the rapid changes brought about by decarbonisation technologies and regulatory regimes are having a substantial impact on workload, fatigue and…
New research from SRI, the international pan-industry body researching maritime and seafarers’ law, concludes that the Maritime Labour Convention is not being strictly and evenly enforced on a global basis. The findings identify substantial achievements in the enforcement of the…
The product tanker market seems to be in a divergence path with the crude tanker market, after a period of high volatility. In its latest weekly report, shipbroker Gibson said that “LRs have seen extreme volatility this year, with spot…