The ECO2Fuel project is testing a prototype direct, electrochemical CO2 conversion system that produces sustainable liquid e-fuels and chemicals such as methanol and ethanol.The aim is to scale the system up to achieve the world’s first...
The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to its lowest level in 23 months on Wednesday, as rates dipped across all vessel segments.The overall index, which factors...
Several Texas ports began to resume operations on Wednesday, after winter storm Enzo moved out of the state, according to ports and a shipping notice seen by Reuters.The port of Freeport had resumed vessel operations on Wednesday...
LyondellBasell Industries will begin the permanent closure of its 263,776 barrel-per-day Houston refinery this coming weekend, said people familiar with plant operations.Layoffs of up to 400 employees at the refinery are scheduled to...
The National Association of Waterfront Employers (NAWE), the leading organization representing U.S. marine terminal operators and stevedores, has expressed its support for the confirmation of Sean Duffy as the Secretary of the U.S....
Secretary-General of the International Maritime Organization (IMO) Mr. Arsenio Dominguez has welcomed the release of the crew of the MV Galaxy Leader, after more than a year in captivity.The Secretary-General issued the following...
Deere & Company announced the unveiling of new engines — the JD14 and JD18 marine engines.With the addition of these engines, John Deere will be able to offer marine customers heavier duty cycles* and a more comprehensive power range,...
Statement from Guy Platten, International Chamber of Shipping Secretary General, following the release of the Galaxy Leader crew:We welcome the news of the Galaxy Leader crew being released today and that they will be reunited with their...
The increased performance of the SCHOTTEL RudderPropeller Dynamic SRP-D has once again been confirmed by external sources. At the request of the Dutch Damen Group, the Maritime Research Institute Netherlands (MARIN) carried out extensive...
Oman's state-owned logistics firm Asyad Group plans to sell shares in its shipping subsidiary through an initial public offering, it said on Wednesday, as part of the Gulf country's privatization drive.The group, owned by Oman's...
The most aggressive Western sanctions imposed on Russia’s oil sector since Moscow’s 2022 invasion of Ukraine threaten to disrupt global supply as buyers — led by China and India — scour the Middle East for alternative suppliers. Some...
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Yemen Kuwait Bank for Trade and Investment Y.S.C for providing financial support to the...
A ceasefire agreement between Israel and Hamas announce this week could signal the beginning of the end for Houthi attacks on commercial shipping in the Red Sea, maritime security firm...
Companies transporting their products around the world are not ready to return to the Red Sea trade route in the wake of a Gaza ceasefire deal because of uncertainty over whether Yemen's Houthis will continue to attack shipping, industry...
Six Russian oil tankers still under construction by Russia's Zvezda shipyard were included in U.S. sanctions imposed last week, the first time Washington is known to have banned tankers before they even set sail, much less carried...
The shipping industry is implementing enhanced safety protocols for charcoal transportation ahead of mandatory International Maritime Organization (IMO) regulations set for 2026. The initiative comes in response to a series...
The latest US sanctions on oil tankers hauling Russian petroleum look set to cause severe disruption across the nation’s export machine, with some of Moscow’s flows at risk of a near wipeout if history is any guide.
The U.S. Trade Representative (USTR) has issued a landmark finding, concluding that China’s aggressive targeting of the maritime, logistics, and shipbuilding sectors constitutes an “unreasonable” practice under Section 301 of...
Bollinger Shipyards LLC, a major U.S. shipbuilding contractor based in Lockport, Louisiana, has agreed to pay $1,025,000 to settle allegations of False Claims Act violations related to billing the U.S....
Advisers to President-elect Donald Trump are crafting a wide-ranging sanctions strategy to facilitate a Russia-Ukraine diplomatic accord in the coming months while at the same time squeezing Iran and Venezuela, people familiar with the...
The leader of Yemen's Iran-aligned Houthis, Abdul Malik al-Houthi, said on Thursday his group will monitor the implementation of a ceasefire deal between Israel and Hamas aimed at ending the 15-month war in Gaza and continue its attacks...
Republican Congressman Jeff Van Drew says he’s been working with President-elect Donald Trump on crafting an executive order aimed at “halt[ing] offshore wind turbine activities” along the East Coast. “These...