Annual Report for 2024 Released by MACN
MACN envisions a maritime sector that is free from corruption, fostering fair, transparent, and efficient global trade that benefits society as a whole. To achieve this vision, MACN focuses on…
Chevron Completes Acquisition of Hess Corporation
HOUSTON, Texas, July 18, 2025 — Chevron Corporation (NYSE: CVX) announced today that it has completed its acquisition of Hess Corporation (NYSE: HES) following the satisfaction of all necessary closing…
EU Announces 18th Sanction Package, 105 Vessel, Flag and Master on the List
“The EU just approved one of its strongest sanctions packages against Russia to date. Each sanction weakens Russia’s ability to wage war. The message is clear: Europe will not back…
Ship Manager Pleads Guilty to Dumping Oily Waste into U.S. Waters Off Coast of New Orleans
Eagle Ship Management LLC (ESM), based in Stamford, Connecticut, pleaded guilty yesterday to violating the Act to Prevent Pollution from Ships (APPS) by deliberately polluting U.S. waters off the coast…
ClassNK Launches “Fleet Cost Simulation” Service
Tokyo – ClassNK has launched a new service, “ClassNK Fleet Cost Simulation,” as part of its “ClassNK Transition Support Services,” which aims to facilitate the maritime industry’s transition to decarbonized…
Singapore Maintains World’s Top Maritime Centre for 12th Consecutive Year
2. Jointly published by the Baltic Exchange and China’s Xinhua News Agency, the Xinhua-Baltic ISCD Index provides an independent benchmarking of the world’s leading maritime hubs. It evaluates factors such…
ITOCHU Announces Newbuilding Order for Ammonia Bunkering Vessel
ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Keita Ishii, President & COO; hereinafter “ITOCHU”) announced today that it recently signed a shipbuilding contract for the construction of a 5,000 m3 ammonia…
Introduction of Bunker Supply Services at Jebel Ali Anchorage J-Charlie
DP World announced that a per thier earlier communication dated 24 October 2024 on the introduction of anchorage services in Jebel Ali, bunker supply services are now permitted at the…
US Treasury Removes Vessel and Related Party from OFAC SDN List
As per notification issued by OFAC on 09th July total seven nos vessel name has been removed from OFAC SDN list along withe the related parties like owners & operators.…
OFAC Targets Dozen of Tankers & Related Owners/Operators
US Treasury has sanctioned multiple tanker vessels and related parties on allegation of transporting Iranian Oil. The press release reads as below July 3, 2025 WASHINGTON — Today, the U.S.…