The Latest Breaking News from IMO

As international cruise ships once again ply our waters, there’s renewed debate about whether they belong in one of New Zealand’s - and the world’s - most precious places.

Member states of the International Maritime Organisation (IMO), the UN agency that regulates international maritime affairs, are meeting on December 5-16 to discuss how to accelerate the industry’s climate mitigation efforts.

Imperial Oil Limited (NYSEAMERICAN: IMO) is set to release second-quarter results on Jul 29. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of $2.14 per share on revenues of $16.7 billion.

Told to reduce air pollution, the shipping industry could have switched to cleaner fuels – instead, many vessels turned to special devices that simply dump the toxins into the water

LONDON: If shipping is the beating heart of global trade, its pulse is about to get slower.

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.