Tanker Market: Rates Remained Elevated in April
Tanker Market: Rates Remained Elevated in April
in
Hellenic Shipping News
16/05/2026
T
anker rates remained elevated during the month of April, but mostly lower from their earlier record highs, OPEC, said in its latest monthly report.
In April, trade disruptions continued to impact dirty tanker spot freight rates. While price assessments on routes out of the Middle East remained elevated amid limited activities and a high degree of uncertainty, VLCC spot freight rates elsewhere declined from the record highs seen the month before. On the West Africa-to-East route, VLCC spot freight rates were down 26%, m-o-m, but were still 129% higher than the same month last year.
Education is the key to advancing gender equality in shipping
Education is the key to advancing gender equality in shipping
in
International Shipping News
16/05/2026
The World Maritime University’s (WMU) Professor Momoko Kitada and WISTA’s Elpi Petraki identify education as the heart of the matter for empowering women across the maritime industries
For the first time, the cohort for WMU’s MSc programme in Malmö reached gender parity in the Class of 2026. It is a major milestone for industry diversity and inclusion, but it is also just a start, say experts involved in training and mentoring women as the IMO celebrates the 2026 International Day for Women in Maritime on 18 May.
Education is key to addressing challenges and ways forward according to former seafarer Professor Momoko Kitada, WMU Academic Dean, Head of Maritime Education and Training (MET) and Nippon Foundation Professorial Chair, and Elpi Petraki, WISTA International President who is also Chartering, Operations and Business Development Manager at Greek shipowner ENEA Management.
Educa
UK assets markets starting to feel the heat
UK assets markets starting to feel the heat
in
Stock News
16/05/2026
UK markets were under pressure on Friday as the leadership battle within the ruling Labour Party starts to open up.
To recap, this week’s turmoil follows a very weak, but not totally unsurprising, set of local election results for Labour earlier this month. With Nigel Farage’s Reform Party dominating the polls, and the Green Party increasingly dividing Labour’s share of the vote, there’s growing pressure on the party to change direction as it looks ahead to the next General Election in three years’ time.
So far, formally at least, no leadership contest has been triggered. Keir Starmer remains both Labour leader and prime minister.
Greece Asks EU To Step In Over ‘Unlawful Fishing’ By Turkey
Stock Photo: Shutterstock/Anna Kostenko
Greece Asks EU To Step In Over ‘Unlawful Fishing’ By Turkey
Reuters
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May 16, 2026
ATHENS, May 15 (Reuters) – Greece on Friday asked the European Union to step in and stop what it said was unlawful fishing and violation of maritime law by Turkish fishermen in the Aegean Sea in the eastern Mediterranean.
NATO allies and neighbours Greece and Turkey have been at odds for decades over where their continental shelves end and over maritime jurisdiction in the Aegean Sea, including fishing.
Shipping Minister Vasilis Kikilias brought up the issue in a meeting with the European Commissioner for Fisheries and Oceans, Costas Kadis, on Friday in Athens.
“I’ve raised with the Commissioner a major issue for Greece regarding our fishermen and our fisheries and the provocative behaviour of our Turkish neighbours with regards to the unlawful fishing, the non-respect of the law of the sea, and the disputing of our sovereign rights,” Kikilias said, wi
Stomach Bugs, Not Hantavirus, Are A Bigger Threat On Cruises
Cruise ship Ambition, operated by the Ambassador Cruise Line, is docked at the Port of Bordeaux after local authorities said passengers could not disembark following an outbreak of possible gastroenteritis reported on board, in Bordeaux, France, May 13, 2026. REUTERS/Stephane Mahe
Stomach Bugs, Not Hantavirus, Are A Bigger Threat On Cruises
Bloomberg
Total Views: 0
May 17, 2026
By Annika Inampudi and Ignacio Gonzalez
May 17, 2026 (Bloomberg) –Stomach bugs on cruise ships recently hit a nearly two-decade high as more people than ever board the vessels, underscoring how easily viruses spread on contained voyages.
While cruises are in a global spotlight after a rare
hantavirus outbreak
killed three people on an ocean liner since April, mild gastrointestinal illnesses are far more common on ships. They have risen for the last four years to the highest since 2007, according to data from the
Centers for Disease Control and Prevention’s
Vessel Sanitation Program.
Canada and Norway Launch a Cross-Atlantic Alliance for Marine and Clean Technologies
Canada and Norway Launch a Cross-Atlantic Alliance for Marine and Clean Technologies
Posted to
Maritime Reporter
(by
AKA Energy Systems
)
on
May 17, 2026
AKA Energy Systems on their 30th Anniversary and Sustainable Energy Katapult Centre establish a shared platform to attract, develop, and validate marine and clean technologies in both nations.
MONTAGUE, PEI
– Canada and Norway share deep ties as NATO allies, maritime nations, and leaders in clean energy transition. Today, that partnership takes a concrete and commercial form. AKA Energy Systems (AKA), based in Prince Edward Island, and the Sustainable Energy Katapult Centre (SE), based in Stord, Norway, have established a formal cross-Atlantic collaboration – not merely between two companies, but between two national ecosystems for marine and clean technology development.
AKA Energy Systems have incorporated “Sustainable Energy Canada” as the shared brand and vehicle for this collaboration – with the ambition of building a globally r
Biofuel Bunker Snapshot: B30 prices gain in Rotterdam and Singapore
Biofuel Bunker Snapshot: B30 prices gain in Rotterdam and Singapore
in
International Shipping News
17/05/2026
Rotterdam and Europe
Rotterdam’s B30-VLSFO (POMEME) price has increased by $28/mt since Monday.
Conversely, the port’s conventional VLSFO price has remained steady during the week. Prima Markets’ assessed POMEME barge price has registered a small gain of around $4/mt over the same period.
Bunker suppliers delivering low-carbon advanced biofuel blends in Dutch ports can generate ZRE A tickets, which can, for example, be sold to conventional fuel suppliers. This helps subsidise the price in Dutch ports compared to other ports.
The price of these ZRE A tickets fell from €125/mtCO2e ($145/mtCO2e) to €115/mtCO2e ($134/mtCO2e) during the week, according to Prima Markets.
Liquids supply developments in non-DoC countries
Liquids supply developments in non-DoC countries
in
Oil & Companies News
18/05/2026
In 2025, liquids supply from non-Declaration of Cooperation (non-DoC) countries is estimated to have increased by around 1.0 mb/d, year-on-year (y-o-y), to average 54.2 mb/d. The US accounted for the bulk of this increase, adding roughly 0.5 mb/d, y-o-y, driven by higher output from non-conventional NGLs and tight oil, as well as gains in the Gulf of Mexico. Tight oil alone expanded by 0.2 mb/d, almost entirely from the Permian Basin, supported by longer laterals and continued drilling and completion efficiency improvements.
VLCC Market Treading Carefully Amid Uncertainties
VLCC Market Treading Carefully Amid Uncertainties
in
Uncategorized
18/05/2026
Clean
LR2
The TC1 75kt MEG/Japan index continued along just under the WS550 mark this week.
A voyage west also saw the TC20 90kt MEG/UK-Continent index dipped by $112,000 to $10.76 million.
The TC15 80kt Mediterranean/East index came down another 11% to $8.73 million this week with the corresponding TCE dropping to $74,900/day on Baltic description round trip.
LR1
The TC5 55kt MEG/Japan index has been assessed consistently at the WS600 level all week.
A run west on TC8 65kt MEG/UK-Continent also remained stable at the $8.49 million mark.
MR
The TC17 35kt MEG/East Africa index dropped an incremental 8.5 points this week to WS726, this would generate $89,500/day on Baltic description round trip TCE.
On the UK-Continent, MR freight levels look to have stabilised having possibly reached a floor for the moment. The TC2 37kt ARA/US-Atlantic Coast index was assessed 3.4 points lower than last week at WS210, with the
Dry Bulk Market: Capesize Market on the Rise
Dry Bulk Market: Capesize Market on the Rise
in
Dry Bulk Market
,
International Shipping News
18/05/2026
C
apesize
The market enjoyed a convincingly firmer week overall, with sentiment steadily improving across both basins as reduced vessel availability and sustained cargo flow gradually shifted the balance back in owners’ favour. While the Pacific opened in a relatively stable and subdued manner, consistent miner presence on C5 throughout the week provided an important underlying floor to rates. Activity ultimately firmed midweek as fixtures pushed towards the high $15s, although charterer resistance re-emerged into Thursday amid a quieter Ascension Day-affected session, with rates easing back closer to $15.00.