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Researchers say the IMO and EU should increase the default methane slip value for low-pressure, dual-fuel four-stroke LNG engines to at least 6% after a study found they emit more unburnt methane than previously thought

A new 40,000 cu m ammonia carrier will be fitted with the first marine ammonia-fuel engine to be built in Japan. It will be partly used as a pilot project to measure environmental performance for alternative-fuel vessel operations

Two tanker sales mark the first moves from European ownership to enter Russian trading since Europe toughened measures to prevent further tankers shipping crude for the federation

Affinity managing director Richard Fulford-Smith says his industry is complicit in facilitating Russian oil trades that deliver $225bn in profit to fund Putin’s war on Ukraine

Most of the 18-tanker Hennesea fleet is loitering in international waters after US regulators designated the owner and its ships on January 18

Most suezmaxes now transiting southbound via the Red Sea are carrying Russian crude while those heading northbound are mostly in ballast to load Russian, or Turkish crude. Meanwhile, the rerouting effect could entice more charterers to combine two suezmax-size cargoes on to one very large crude carrier  

Better data collection and larger membership needed to enhance initiative’s impact, PPMI admits

With the world economy still relatively stagnant, there is little to push growth in the dry sector. Reduced use of coal for power generation will also put pressure on rates

‘Toxic fleet’ of US-sanctioned Russia dark fleet owner Hennesea Holdings means company is ‘done’ | Prominent shipbroker says ‘everybody knows’ how to sell tankers to fund Russia’s war and get away with it | Insurers’ Poseidon Principles scores got worse in 2023, report shows

Alliance members are keen to show it is steady ahead for 2024. Beyond that, however, the picture remains unclear