International Shipping News

Underwriting Is a Pricing Decision Made on Incomplete Data Underwriters carry the pricing decision at two moments in the coverage process. At binding, the underwriter takes compliance’s assessment of the vessel and its operating context, applies actuarial models and loss history, and sets premium and terms. At renewal, the underwriter takes the full term’s monitoring ...

Russia’s shadow fleet has evolved from a geopolitical workaround into a structural feature of global oil trading, and, as a result, a growing source of risk for those in the maritime and finance industries. Since 2022, more than 230 ageing tankers worth roughly £5 billion at the point of sale were sold by US and ...

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, was down for a fifth straight session on Wednesday, falling about 1% to its lowest since September 1 at 3,327 points. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, declined by 1.3% to 5,612 ...

Lloyd’s Register, Seapeak, Kongsberg Maritime and Tunable have joined forces to advance emissions compliance through the deployment and verification of onboard emissions monitoring technology. Lloyd’s Register (LR), Seapeak, Kongsberg Maritime (KM), and Tunable have launched a new joint development project (JDP) to facilitate compliance and independently verify the accuracy of KM’s Continuous Emissions Monitoring System ...

Northwest Europe Prompt fuel availability in the ARA is tight, and buyers have been advised to allow 5-7 days to get good coverage from suppliers, a trader told ENGINE. The ARA’s independently held fuel oil stocks have averaged 17% higher in September so far, compared to August’s monthly average, according to Insights Global data. The ...

K Shipbuilding Co., Ltd., Sejin Heavy Industries Co., Ltd. and ClassNK have signed an MOU (Memorandum of Understanding) regarding the joint development of a new generation Eco LPG carrier that complies with the IGC Code amendment. The signing ceremony was held at Gastech 2026 in Bangkok, Thailand. An amendment to the IGC Code, an international ...

Fewer vessels called at Singapore for bunkering in August, but the decline was offset by a higher average stem size during the month and stronger HSFO and MGO sales, leaving overall bunker volumes broadly unchanged from the previous month. Changes in bunker sales from July to August: Total sales up 15,000 mt to 4.66 million ...