Singapore Launches OCEANS-X to Advance Maritime Digital Connectivity and Support Global Trade Flows
Singapore Launches OCEANS-X to Advance Maritime Digital Connectivity and Support Global Trade Flows
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International Shipping News
22/04/2026
Singapore has launched OCEANS[1]-X, a new data and Application Programming Interface (API) eXchange platform developed by the Maritime and Port Authority of Singapore (MPA). It enables secure system-to-system connectivity across the maritime ecosystem, allowing maritime companies and government agencies to exchange trusted data directly. This in turn enables integrated digital services for better service delivery, more efficient port operations, smoother trade flows, and stronger connectivity with global ports.
One of the first services available on OCEANS-X is digital port clearance.
Maritime Coalition Representing Half the World’s Fleet Calls for Consensus Ahead of MEPC 84
Maritime Coalition Representing Half the World’s Fleet Calls for Consensus Ahead of MEPC 84
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International Shipping News
22/04/2026
On behalf of a broad coalition of maritime industry organizations, collectively representing flag registries, classification societies, shipowner associations, and shipping companies, this press release is being issued following the signing of a joint statement urging Member States of the International Maritime Organization (IMO) to consider alternative proposals to the current Net-Zero Framework (NZF) and to approach the upcoming MEPC 84 session as a decisive opportunity to build the consensus the industry urgently needs.
The coalition includes the world’s three largest open ship registries, the Liberian Registry, the Panama Maritime Authority, and the Marshall Islands Registry. The signatories further include two of the world’s leading classification societies, major national and regional shipowner associations across Europe, Asia, and the Americas, an
Crude Oil Inventories Drop More Than Expected, Signaling Stronger Demand
Crude Oil Inventories Drop More Than Expected, Signaling Stronger Demand
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Oil & Companies News
22/04/2026
The American Petroleum Institute (API) has released its latest data on U.S. crude oil inventories, revealing a significant decline that exceeded market expectations. The latest figures show a decrease in crude oil stocks by 4.4 million barrels.
Stream Marine Training warns crew readiness must keep pace with future-fuel shift
Stream Marine Training warns crew readiness must keep pace with future-fuel shift
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International Shipping News
22/04/2026
As the maritime industry works toward the IMO’s 2050 emission-reduction targets, Stream Marine Training (SMT) is calling for seafarer training to keep up with the growing adoption of future fuels. Although frameworks for future fuels are developing, the STCW Convention does not yet mandate specific training for methanol, ammonia or hydrogen, leaving a clear regulatory gap.
While LNG remains the main alternative fuel in operation today, industry focus is increasingly shifting toward methanol, ammonia and hydrogen as longer-term decarbonisation solutions. Recent DNV figures show alternative-fuelled newbuilds now account for 11% of global orders, with LNG continuing to lead and methanol gaining momentum.
Methanol is also leading current retrofit activity.
Intermodality gains ground as APM Terminals Suape nears completion
Intermodality gains ground as APM Terminals Suape nears completion
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Port News
22/04/2026
As logistics leaders gathered at Intermodal South America in São Paulo to discuss how they could make the region’s supply chains more connected and resilient, something tangible was taking place 2,000 kilometers to the northeast.
At the Suape Industrial Port Complex in the Recife Metropolitan Area of Brazil, construction of APM Terminals Suape is in its final stretch. The $350 million+ project recently welcomed 28 fully electric machines and is set to start operating in the second half of 2026.
Once operational, the new Suape terminal will add 400,000 TEU of annual capacity, increasing the port complex’s current container capacity by 55%. A second development phase has already been moved forward from 2034 to 2027, reflecting the strong demand and momentum behind the project.
APM Terminals Suape provides more than just infrastructure though.
Nippon Biofuel selected for Japanese marine biofuel project
Nippon Biofuel selected for Japanese marine biofuel project
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International Shipping News
22/04/2026
Nippon biofuel has been selected for a Japanese government-backed project to build a production and supply model for jatropha-based marine biofuel from Africa to Asia.
The company said that the Japanese government will invest around 7 billion Japanese yen ($44 million) for the project. This will include around 4 billion Japanese yen ($25 million) in subsidies.
Nippon Biofuels will produce biofuel from jatropha cultivated in Mozambique’s Nampula Province and Ghana’s Bono East region.
Its goal is to ramp up production capacity to 400,000 mt/year of jatropha-based biofuel by 2032.
Jatropha is a non-edible, drought-resistant oilseed crop that can grow on marginal land that is not suitable for agriculture.
Nippon will develop biofuel bunkering in Mozambique, Ghana, Singapore and Japan. The initiative will also involve fuel supply demonstrations for ocean-going vessels and domestic vessels.
Dry Bulk Market: Capesizes Showing Strong Momentum
Dry Bulk Market: Capesizes Showing Strong Momentum
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Dry Bulk Market
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International Shipping News
20/04/2026
C
apesize
The market delivered a firm performance over the week, building momentum from a cautious but positive start into a broad-based midweek rally, before showing signs of consolidation at elevated levels by Thursday. The BCI 182 5TC gained over $6,000 across the week, underpinned by improving sentiment and tightening fundamentals. The Pacific led the initial gains, with sustained miner activity driving C5 rates from the mid-$12s to the mid-$13s, supported by consistent enquiry and tightening prompt tonnage.
MEPC 84: US flags ILUC blind spot in IMO’s biofuel assessment
MEPC 84: US flags ILUC blind spot in IMO’s biofuel assessment
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International Shipping News
20/04/2026
The US urges the IMO to rethink how it assesses deforestation risk in crop-based marine biofuels.
The US has proposed a region-based approach to the IMO’s indirect land-use change (ILUC) risk assessment. It has submitted this proposal to the IMO’s Intersessional Working Group on Reduction of GHG Emissions from Ships (ISWG-GHG 21) ahead of the group’s meeting next week.
ILUC refers to the forest or grassland clearing that occurs elsewhere when farmland is repurposed to grow biofuel crops.
The US argues the IMO’s 2024 Guidelines on lifecycle GHG intensity of marine fuels (2024 LCA Guidelines) contain a fundamental flaw in how they assess ILUC risk in crop-based biofuels.
The current guidelines assess ILUC risk only within the boundaries of a biofuel project.
This approach misses the mark because “ILUC emissions, by definition, occur outside of the project boundary.” Emissions beyond th
Bulker S&P Activity Remains Strong as Momentum Moderates
Bulker S&P Activity Remains Strong as Momentum Moderates
in
20/04/2026
The Bulker market has seen significant activity over the past 12 months. Using VesselsValue data, a Veson Nautical solution, we secondhand and newbuilding market trends, including S&P volumes, the most active buyers and sellers by value, and the highest-value vessel currently on order.
View the full infographic below for a complete breakdown of the data.
Sale and purchase activity gathers significant momentum
Bulker S&P activity gathered significant momentum through 2025, with both vessel count and vessel value rising steadily across the year. From 119 vessels and USD 1.9 bil in Q1, activity accelerated sharply into Q2 (314 vessels, USD 5.2 bil) and continued climbing through Q3 (350 vessels, USD 7 bil) before peaking in Q4 at 365 vessels at USD 7.8 bil.
Pemex Undersea Pipeline Found To Cause Gulf Oil Spill
A drone view shows a skimming boom deployed along the Rio Seco to collect oil after a spill from Pemex’s Olmeca refinery, which is recovering fossil fuels in strategic areas within or adjacent to the facility, in Puerto Ceiba, Tabasco state, Mexico, March 20, 2026. REUTERS/Luis Manuel Lopez
Pemex Undersea Pipeline Found To Cause Gulf Oil Spill
Bloomberg
Total Views: 0
April 19, 2026
By Scott Squires
Apr 19, 2026 (Bloomberg) –An
oil spill
in the Gulf of Mexico that soiled beaches, killed wildlife and sparked outrage from environmental groups was caused by a leaky pipeline owned by state oil company Petroleos Mexicanos, the company said.
A government investigation determined that an undersea pipeline near the Abkatun offshore platform was the cause of the leak,
Pemex
Chief Executive Officer Victor Rodriguez said at a press briefing on Thursday evening. Three employees were fired as a result of the accident, he added.
The amount of crude that spilled into the Gulf is still being determine