Okeanis Eco Tankers Takes $65M Loan to Refinance VLCC

Okeanis Eco Tankers (NYSE: ECO / OSE: OET) has secured a new $65 million term loan facility to finance the repurchase of its VLCC Nissos Kea under a previously announced sale-and-leaseback option.

EU Plans Phase Out of Russian Oil and Gas Imports

The EU Commission has put forward a proposal to gradually stop the import of Russian gas and oil into the EU by the end of 2027. This will help the EU become

Canada Trials S-100 on St. Lawrence River

The Canadian Hydrographic Service (CHS), under Fisheries and Oceans Canada, is taking a leading role in validating new digital hydrographic standards, with the Minister of Fisheries, Joanne Thompson, launching S-100 sea trials

Briggs Marine Signs $244m Contract With UK Ministry of Defence

Briggs Marine, a leading provider of marine services, has been awarded a contract with the UK Ministry of Defense (MoD) to supply and maintain Authority Moorings, Markers, and Targets over the next

American Cruise Lines Opens 2025 New England Season, Launches New Cruise Ship

American Cruise Lines announced their biggest season of New England cruises—featuring nine itineraries and five small ships, including the newest cruise ship in the country, American Patriot.American Patriot is the flagship in

Mitsui OSK: Shipping in the Gulf Continues, Closely Monitoring Situation

Japan's second-largest shipping company, Mitsui O.S.K. Lines (MOL), is operating as usual in the Gulf while closely monitoring the situation in the region, CEO Takeshi Hashimoto said on Tuesday."We are operating so

LALIZAS Expands Authorized Service Stations in Canada

Marking a key development in the Canadian Marine Industry, LALIZAS—known for marine safety equipment—announced an expansion in Canada, adding service stations in the East and West of Canada.The manufacturer’s commitment to supporting

Performance Shipping Inc. Secures Charter Contract With Mercuria for LR1 Newbuilding Tanker

Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, announced that, through a separate wholly-owned subsidiary, it has entered into a long-term time charter contract with Mercuria

Tighter Emissions Regulations, Slower Economy to Soften Marine Fuel Demand

Stricter environmental regulations and slower global economic growth will soften marine fuel demand in the coming years, the International Energy Agency said in its annual report on Tuesday.Marine fuel sales jumped last