The Latest Breaking News from IMO

Delegates from over 190 countries recently gathered in Lisbon for the UN Ocean Conference, the most important event on this issue this year. Opening the meeting, UN Secretary-General António Guterres urged governments "to raise their level of ambition for the recovery of ocean health".

Want to rent a flat or house? Be prepared to queue in the street, get into a bidding war or put down a deposit for somewhere you haven’t even seen

Russian-backed separatists have seized two foreign-flagged ships in the eastern Ukrainian port city of Mariupol, saying they are now "state property", in the first such moves against commercial shipping, letters seen by Reuters showed.

Imperial Oil Ltd (TSX:IMO) (NYSE:IMO) price target has been raised to C$66 from C$65 by RBC Capital analyst Greg Pardy while maintaining the Outperform rating on the shares. The analyst states that the bullish stance toward Imperial Oil reflects its capable leadership team, favorable long-term operating outlook, strong balance sheet, and commitment to shareholder returns.…

Energy stocks have attracted significant investor attention over the past few months, thanks to soaring oil and gas prices due to strong demand and a global supply crush caused by the Russia-Ukraine war. Because this trend is expected to continue in the coming months, we think it could be wise…

Over 80% of international trade is carried by sea. Much of what we use and consume everyday either has been or will be transported on huge vessels which plough the global ocean.

As climate crisis allows new maritime routes to be used, sooty shipping emissions accelerates ice melt and risk to ecosystems

With more than 1,000 seafarers stranded on ships in Ukrainian ports and food supplies running low, the United Nations is pressing for their safe passage out of danger but security risks and disagreements are hobbling those efforts, maritime sources say.

Danaos Corp (NYSE:DAC) placed orders for two 7,100 TEU containerships. Financial terms were not disclosed. The vessels will be built at Dalian Shipbuilding in China and are expected to be delivered in 2Q24 and 3Q24. The vessels will be methanol fuel ready and built as per the latest requirements of the International…