Business

Ultra-low-sulphur diesel loadings from the Russian port of Primorsk may fall about 17 per cent month-on-month in February to 1.7 million tonnes, as lower fuel output and harsh Baltic weather disrupt supplies, data from traders, LSEG and Reuters calculations showed on Wednesday. Last month, exports via Primorsk, Russia’s largest outlet for ultra-low-sulphur diesel shipments, jumped […]

Icelandic aquaculture firm Arctic Fish reported that quarterly harvest volumes reached 4,229 tonnes in the final three months of 2025. This figure represents an increase of 22 per cent compared to the 3,456 tonnes recorded during the same period in 2024. The company stated that total harvest volumes for the full year reached a record […]

Accelleron, a leading provider of turbocharging, fuel injection, and digital solutions for marine engines and ships, recently released a study on the multifaceted, multi-industry challenges slowing shipping’s transition to carbon-neutral fuels. TME recently spoke with CEO Daniel Bischofberger about the current state of marine decarbonization, regional developments in Asia-Pacific, and the path forward for the […]

The U.S. Coast Guard completed the second tranche of its shipbuilding effort for the new Arctic Security Cutter program, awarding a contract to the U.S.-based subsidiary of Davie for five additional cutters. The order comes almost two months after the U.S. Coast Guard completed a similar order for six Arctic Security Cutters with Bollinger and […]

Turkish President Tayyip Erdogan will host Greek Prime Minister Kyriakos Mitsotakis on Wednesday for talks likely to focus on illegal migration and longstanding maritime disputes, as the NATO allies and historic rivals try to build on warming ties. 15 illegal migrants died in a shipwreck off the Greek island of Chios last week after their […]

The Philippine foreign ministry urged the Chinese Embassy in Manila on Wednesday to be “constructive” in its statements amid an escalating war of words between Chinese diplomats and public officials, including senators. The Department of Foreign Affairs’ newly appointed maritime affairs spokesperson, Rogelio Villanueva, said that responses should be delivered in a “calm” and “professional” […]

Two Australian liquefied natural gas cargoes are sailing to Chile in what would be the South American country’s first shipments from that origin in over three years, according to ship-tracking data. More cargoes going towards the Atlantic versus the Pacific would increase competition between the two basins and could tighten supply and support spot LNG […]

ADNOC Logistics and Services (ADNOC L&S) achieved record financial results for the full year of 2025, recording revenue of $5.016 billion. The figure represents a 41 per cent increase compared to the previous year, according to the company. The group reported that earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 32 per cent to […]

“As the only fully integrated maritime systems supplier in Europe, we are ideally positioned to meet the needs in all dimensions of our industry.” Sales are now expected to rise by two per cent to five per cent in 2026, from a previous range of minus one per cent to up to two per cent. […]

Estonian police have investigated the damage to Estonian telecom cables, while the owner of the Russian cable, state company Rostelecom, has said it won’t seek compensation. Early on, China’s foreign ministry promised both Finland and Estonia to assist with the investigations, while calling for an objective and fair probe. Ian Chan, a prosecution lawyer for […]