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Trafigura secures USD4.4 billion syndicated revolving credit facility and term loan facilities
Trafigura Group , a market leader in the global commodities industry, announced the closing of its new syndicated Revolving Credit Facility and Term Loan Facilities at approximately USD4.4 billion. The Facilities were substantially oversubscribed and upsized from their initial launch amount of USD3.5 billion-equivalent, with 40 financial institutions participating in the transaction. The new…
Venezuela’s OPEC exit: structurally likely but not now
Venezuela is reportedly weighing whether to leave OPEC, becoming the second member in months to openly consider an exit. As the taboo around key members quitting the group has now been broken,…
The SIBU 1 Hijacking and the Somali Piracy Resurgence
On August 20, 2026, Somali pirates hijacked the SIBU 1 , previously known as SEAMULL, an Eritrean-flagged, OFAC-sanctioned oil products tanker, approximately 136 nautical miles east of Al Mukalla,…
Shipping industry welcomes the proposed inclusion of Indian ship recycling yards on the European list
BIMCO, European Shipowners | ECSA, the International Chamber of Shipping (ICS), INTERCARGO, INTERTANKO, and World Shipping Council (WSC) welcome the European Commission’s proposal to add two Indian…
BIMCO Shipping Number of the Week
Global grain shipments fall 8% as attacks in the Black Sea escalat "Over the last five weeks (week 29-33) global grain shipments have fallen 8% y/y, fuelled by a 26% y/y drop in grain exports from…
Bunker Holding appoints new CFO with strong risk management expertise
Jacob Nørgaard is appointed CFO of Bunker Holding, the world’s largest supplier of marine fuels to the shipping industry. He succeeds Michael Krabbe, who is stepping down by mutual agreement. The…
Oslo Ocean Days thought Leader article Jan Ole Huseby, DNB
Bringing the industry together to navigate a new ocean business reality How can the industry navigate change while staying on course to achieve business, operational and environmental ambitions? Jan…
Danish Shipping published Rising piracy risk off Somalia
The number of piracy-related incidents off Somalia is at its highest level in ten years. The trend points to renewed activity in the area after several years with relatively few incidents.…
Intermodal Report Week 24 2026
Pls find below the Intermodal Report - Week 24 2026 Intermodal Report Week 24 2026
Allied Weekly Market Review Week 24
Pls find below the Allied - Weekly Market Review - Week 24 ALLIED - Weekly Market Report- Week 24
SKANReg reinforces commitment to compliance and sustainable growth at Posidonia 2026
The St. Kitts & Nevis International Ship Registry ) successfully concluded its participation at Posidonia 2026, held in Athens from June 1st to June 5th, reaffirming its commitment to…
CEO of Vestas Wind Systems appointed new vice chair of Bunker Holding
Danish USTC Group has appointed Henrik Andersen as new Vice Chair of subsidiary company Bunker Holding’s Board of Directors. The appointment forms part of Bunker Holding’s continued development and…
Blooming Future launches operations as part of Braskem’s Expanding Sustainable Fleet
Designed for long-range transport of essential raw materials, Blooming Future strengthens Braskem’s commitment to safer, more efficient, and lower-emission shipping. Braskem, the largest polyolefins…
PD Ports strengthens bulk handling capacity at Teesport with £5.4m crane investment
PD Ports has further strengthened its bulk handling capability at Teesport with the arrival of a third electric-hydraulic Liebherr LPS 550 crane, representing a £5.4m investment in the port’s…
Britannia P&I Academy returns for 2026 programme in new London office
Britannia P&I Club is hosting its annual Academy, offering Members a deeper understanding of the Club and the wider P&I sector. Taking place from 15 to 19 June, the week-long programme of…
After the Storm: Rebuilding Confidence, Trust and Leadership (at Sea and Ashore)
The theme for World Seafarer Day 2026 “Carrying world trade. Carrying the risks” isn't simply a campaign line. It's a concise description of the lived reality of those at sea. Seafarers carry…
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