Australia writes new chapter for green ammonia

Two more milestones for sustainable shipping On 10 June 2025, two landmark agreements established a clear path towards low-carbon maritime operations. First, an agreement was signed to construct an offshore carbon capture and storage facility in Pilbara, Australia. This facility will capture and store 900,000 tons of CO₂ each year from the planned ammonia plant. […]

US set to reduce car carrier port fees

Car Carrier owners set to pay much less in US port fees Car carrier operators and owners are likely to benefit from a major reduction in US port fees. The US Trade Representative has proposed changing the fee structure from $150 per car unit to $14 per tonne. According to Clarksons, a typical 6,500-ceu vessel […]

Bright expectations despite typically quiet June market

Strong Aframax/Suezmax performance bucks the trend The tanker market has shown mixed trends this week, particularly with Aframaxes and Suezmaxes holding steady, while the largest crude carriers, the VLCCs, have experienced declining earnings. Historically, this time of year marks a low for the tanker market due to seasonality, characterised by limited activity and increased refinery […]