Cyprus Shipping Chamber Supports Global Shipping’s Call for Common Ground and Practical Solutions at IMO MEPC 84
Cyprus Shipping Chamber Supports Global Shipping’s Call for Common Ground and Practical Solutions at IMO MEPC 84
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International Shipping News
20/04/2026
The Cyprus Shipping Chamber (CSC) expresses its support for the recent joint statement issued by seven leading international shipping organisations, which underlines the vital importance of the forthcoming International Maritime Organisation (IMO) MEPC 84 meeting as a key opportunity for Member States to align positions, advance constructive dialogue and work towards common ground on practical solutions for the shipping industry’s decarbonisation pathway, while safeguarding the efficiency and resilience of global trade.
The Chamber emphasises that a unified and collaborative approach under the IMO is essential to provide the clarity and stability required by the global shipping industry. Such a framework should provide the regulatory certainty urgently needed by the maritime sector, while also sending the necessary signals to energy
Eyesea Launches Next-Generation Pollution Reporting and Monitoring App
Eyesea Launches Next-Generation Pollution Reporting and Monitoring App
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International Shipping News
20/04/2026
Eyesea announced the official launch of its new Pollution Reporting and Monitoring App, a major milestone in advancing the organization’s mission to map, track, and reduce marine pollution worldwide.
The new app delivers on Eyesea’s original vision: a unified platform that combines real-time, in-person reporting from seafarers and coastal communities with gamification, pollution modeling, environmental zone overlays, and sophisticated maritime geospatial analysis. By integrating these elements, the platform empowers users across the maritime ecosystem to actively participate in identifying and addressing pollution at scale.
“This launch represents a significant leap forward in how we understand and respond to ocean pollution,” said Eyesea Founder, Graeme Somerville-Ryan. “From the beginning, our vision has been to build a global community—seafarers, coastal observers, compan
Procureship strengthens Asia-Pacific presence as key shipowners in Singapore and wider region join e-procurement platform
Procureship strengthens Asia-Pacific presence as key shipowners in Singapore and wider region join e-procurement platform
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International Shipping News
21/04/2026
Procureship, the maritime industry’s leading e-procurement platform provider, has recently welcomed more than a dozen major shipowners from across Asia and the Middle East to its platform as part of its global expansion into leading shipping hubs beyond Europe.
Since launching its operations in Singapore at the end of 2023, Procureship has continued to expand its presence in vital maritime regions as it looks to provide its award-winning e-procurement platform to shipping companies that are increasingly turning to automation, Artificial Intelligence (AI) and advanced technologies in their procurement departments to meet growing demand and quickly adapt to market changes.
Over the past 18 months, Procureship has welcomed multiple new shipowners from Singapore, as well as India, Indonesia, Malaysia, and the Philippines. Some o
Dry Bulk Market: Is India Emerging as a Major Importer?
Dry Bulk Market: Is India Emerging as a Major Importer?
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Dry Bulk Market
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Hellenic Shipping News
21/04/2026
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number of developments could turn India into the next major importer of dry bulk commodities, after China. In its latest weekly report, shipbroker Intermodal said that “in a global environment defined by geopolitical uncertainty and inflationary pressures, India continues to demonstrate resilient growth potential. Although the OECD has estimated a slowdown in India’s GDP growth from 7.6% in FY 2025-2026 to 6.1% in FY 2026-2027, reflecting challenges such as energy supply disruptions, currency depreciation, and inflation, India is still projected to record the highest growth among G20 economies.
U.S. Opens Tariff Refund Portal as Companies Rush to Reclaim $166 Billion
President Donald Trump holds a chart next to U.S. Secretary of Commerce Howard Lutnick as Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., U.S., April 2, 2025. REUTERS/Carlos Barria/File Photo
U.S.
LNG bunkering rules raise costs and lock suppliers into full value chain
LNG bunkering rules raise costs and lock suppliers into full value chain
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International Shipping News
21/04/2026
Singapore’s liquefied natural gas (LNG) bunkering suppliers face higher costs and more complex operations as regulators tighten requirements around vessel ownership and fuel supply chains to safeguard reliability and prepare for cleaner marine fuels.
Under the revised framework, suppliers must own or charter LNG bunkering vessels and secure storage and delivery capacity, effectively committing them to managing the full value chain.
Analysts said the changes could reshape investment decisions and operational planning for years, favouring bigger players with strong balance sheets and logistics.
“Dedicated storage at the Singapore LNG Corp. terminal may increase costs through capacity reservation fees and reduce flexibility compared with spot LNG bunker sales,” Amanda Kang, a natural gas and LNG research analyst at S&P Global Commodity Insights, said in an emailed reply to qu
Collaborative and digital: The future of Japanese shipbuilding
Collaborative and digital: The future of Japanese shipbuilding
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Shipbuilding News
21/04/2026
Japan has a rich shipbuilding history. An island nation that relies on maritime trade, it built an impressive merchant fleet and created an environment in which shipbuilding could thrive.
From the government prioritizing the industry in the 1860s to helping to birth modern shipbuilding methods in the 1950s, the country has long pursued innovation and manufacturing excellence in this area.
Shipbuilding speed and efficiency grew significantly as new mass production techniques were refined and processes continuously improved. But in the late 20th century, state-supported competition from nations including China and South Korea grew and Japan’s share of the global industry declined.
Now the country is making a strategic move to regain shipbuilding momentum — with collaboration and digital innovation at the heart of the push.
Why is shipbuilding important to Japan?
Because it enabled the mass expo
Scorpio Tankers Inc. Announces Six Vessel Sale Agreements for $300 Million in Aggregate
Announces Six Vessel Sale Agreements for $300 Million in Aggregate
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International Shipping News
21/04/2026
Scorpio Tankers Inc. announced that it has entered into agreements to sell six vessels comprising three 2014 built LR2 product tankers, STI Park, STI Sloane and STI Madison, for $195 million in aggregate, and three 2014 built MR product tankers, STI Aqua, STI Regina and STI Opera, for $105 million in aggregate. The sale of these vessels is expected to close within the second quarter of 2026.
There is no debt outstanding with respect to STI Park and STI Sloane and there is $10.7 million of debt outstanding on the 2023 $225.0 Million Revolving Credit Facility with respect to STI Madison.
STI Aqua, STI Regina and STI Opera had an aggregate outstanding debt balance of $21.3 million on the 2023 $225.0 Million Revolving Credit Facility, which was repaid in April 2026.
Scorpio Tankers Inc.
MOL Marks Installation of Wind Challenger Hard-Sail Propulsion System on In-service Coal Carrier for J-Power
MOL Marks Installation of Wind Challenger Hard-Sail Propulsion System on In-service Coal Carrier for J-Power
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International Shipping News
21/04/2026
Mitsui O.S.K. announced MOL and Electric Power Development Co., Ltd. (J-Power; Representative Director President: Hideaki Kato; Head Office: Chuo-ku, Tokyo) have installed the Wind Challenger-a hard-sail wind propulsion system (Note 1)-on the Kurotakisan Maru Ⅲ (Note 2), a coal carrier supplying J Power operations.
Fuel Switch Snapshot: B100 discounts to conventionals narrow in Rotterdam
Fuel Switch Snapshot: B100 discounts to conventionals narrow in Rotterdam
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International Shipping News
21/04/2026
Rotterdam’s B100 discount to VLSFO has narrowed by $87/mt, while its discount to LSMGO has dropped by a sharper $197/mt over the past week.
LNG discounts to LSMGO in Rotterdam have also narrowed by $68-72/mt to $399-595/mt.
At the same time, LNG premiums over liquefied biomethane (LBM) sold at 0 gCO2e in Rotterdam have eased by $30/mt to $364-370/mt, depending on engine type and methane slip.
Singapore B100’s discount to LSMGO has narrowed for another week, falling by $302/mt to $241/mt for EU-bound voyages.
For dual-fuel vessels bunkering in Singapore and sailing to the EU, B100 premiums over LNG have widened by $132-134/mt, depending on engine type.
Liquid fuels
Rotterdam’s conventional fuel prices have declined for a fourth consecutive week. VLSFO and HSFO prices have dropped by $20–76/mt, tracking a $113.40/mt ($6.92/bbl) fall in front-month ICE Brent futures, while L