The LPG market takes abrupt turns, and the average spot rate for BW LPG is lower in 2021 than in 2020. But chief executive Anders Onarheim expects that 2022 will bring slightly better rates than what he has seen on average this year, he tells ShippingWatch.

A trader at KPI Oceanconnect, a subsidiary of Bunker Holding, has been charged with alleged corruption totaling at least USD 191,250 as rewards for nominating Straits for the supply of bunker fuel to KPI's customers. The employee has been suspended and his contract terminated, the company informs ShippingWatch.

The global maritime sector can reach zero-emission shipping by 2050, according the first comprehensive analysis from the Maersk Mc-Kinney Møller Center for Zero Carbon Shipping. "Four main drivers can accelerate the transition," the analysis reads. Find the analysis here.

The price of shipping a 40-foot container with assembled furniture from Asia to the US West Coast is currently so high that freight rates make up almost 100 percent of the furniture's retail value, according to Sea-Intelligence.

Wallem Group appoints interim CEO since January 2021 as the new chief executive officer of the ship management company.