News

by Maytaal Angel (Reuters)– Food imports costs across the world are on course to hit a near $2 trillion record in 2022, piling pressure on the

KYIV, Nov 6 (Reuters) – Ukraine’s army accused Russia on Sunday of the large-scale destruction of civilian vessels moored on the banks of the

By Angelo Amante and Alvise Armellini ROME (Reuters) – A row escalated on Friday over who should take care of migrants rescued by charity

By Pavel Polityuk (Reuters) – The European Union on Sunday called on Russia to reverse its decision to pull out of a U.N.-brokered grain deal, a move

Guy Faulconbridge (Reuters) Russia on Saturday suspended participation in a U.N.-brokered Black Sea grain deal after what it said was a major Ukrainian drone

by Kirsten Donovan (Reuters) Russia ramped up seaborne Urals oil exports to Asia to 50% of the total over the Oct. 1-20 period ahead of a December EU embargo

By Petra Sorge (Bloomberg) Germany’s first and only private Floating Storage Regasification Unit in Lubmin is fully booked for years ahead and is

During their last quarterly update Overseas Tanker Corp ($OSG) discussed the growth of a new cargo segment for oil tankers: renewable diesel. Could chemical

By Saleha Mohsin (Bloomberg) US officials have been forced to scale back a plan to impose a cap on Russian oil prices, following skepticism by investors and

By Elizabeth Low (Bloomberg) A fleet of tankers filled with Russian fuel oil have anchored near Singapore and Malaysia as more flows are directed toward Asia

by John Konrad (gCaptain) Yesteray – on the heels of China President Xi’s consolidation of power, nuclear warnings from Russia, and droughts

By Jen Skerritt (Bloomberg) A key Canadian shipping corridor is the latest waterway struggling with dwindling water levels. Parts of the St. Lawrence River

by Karen Lema (Reuters) A lawmaker in the Philippines has reintroduced legislation to prevent maritime and airspace encroachment by Chinese vessels, by

The world’s rivers are evaporating and this could be devastating for our food supply, our cities, and our transportation. Inland barges are ten times

Just one missile, hitting one ship in an alleged accident would be enough to end the trade by making the route uninsurable, says Andriy

by Captain John Konrad (gCaptain) Shots were fired this week when a newly released US Maritime Administration (MARAD) document from 2020 showed that a

By Cecile Mantovani (Reuters) – Talks on extending a July deal that resumed Ukraine Black Sea grain and fertilizer exports are not making much progress

By Áine Quinn (Bloomberg) A logjam of vessels shipping Ukrainian crops eased at the weekend as inspections sped up, but the backlog remains high with just

by Nidhi Verma  (Reuters) Oil output at the giant Exxon-led Sakhalin-1 Russian Pacific project collapsed following the U.S. major’s refusal to accept

Pope Francis defends maritime migrants after Italy's newly elected Prime Minister Giorgia Meloni called for a "migrant blockade" to crack down on