News Flash
Hapag-Lloyd sees no immediate Suez passage even if ceasefire reached now
Categories: News Flash
Date: Jun 12, 2024
German shipping company Hapag-Lloyd does not anticipate the shipping industry to resume sailing thro...
Asia Fuel Oil-Spot premiums rangebound, cracks inch slightly up
Categories: News Flash
Date: Jun 12, 2024
Spot premiums for fuel oil were rangebound in Asia on Tuesday as the market continued to eye upcomin...
Baltic index hits one-week low as capesize rates dip
Categories: News Flash
Date: Jun 12, 2024
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commo...
Russia plans coal exports to India via Iran
Categories: News Flash
Date: Jun 11, 2024
Russia has announced plans to export coal to India using Iran’s railways. This announcement was ma...
APM Terminals Elizabeth Advances $ 5M Electrification Pilot Project with $ 1.4M EPA Grant
Categories: News Flash
Date: Jun 11, 2024
APM Terminals Elizabeth is proud to announce significant progress in its $ 5 million investment for ...
Qatar Shipyard Receives Remote Survey Approval from ABS
Categories: News Flash
Date: Jun 11, 2024
As part of a pioneering Joint Development Project (JDP), ABS approved a range of ship repair and ret...
London P&I Club reports strong financial results for the 2023/24 financial year
Categories: News Flash
Date: Jun 11, 2024
The London P&I Club has today announced its financial results for 2023/24, reporting an operatin...
TMS Group and Lloyd’s Register team up for Energy Transition Strategy Project
Categories: News Flash
Date: Jun 11, 2024
TMS Tankers Ltd. and TMS Cardiff Gas Ltd. have entered into a strategic partnership with Lloyd’s R...
First Demonstration In Korea Of Marine Ammonia Engine Combustion Technology: Reduces Carbon Dioxide Emissions By 50%, A Promising Signal For A Shipbuilding Powerhouse
Categories: News Flash
Date: Jun 11, 2024
MW-class marine engine combustion technology that uses ammonia, a future renewable energy source, as...
Sanctioned Russian tanker transfers Urals crude oil to another ship off Malaysia
Categories: News Flash
Date: Jun 11, 2024
Oil tanker SCF Primorye, owned by Russian state shipping company Sovcomflot and sanctioned by the Un...
Asia Fuel Oil-Spot VLSFO market extends fall on multiple spot offers
Categories: News Flash
Date: Jun 11, 2024
Spot premiums for Very Low Sulphur Fuel Oil (VLSFO) extended declines on Monday as selling interest ...
Ammonia cuts shipping GHG emissions by up to 61%
Categories: News Flash
Date: Jun 11, 2024
The study is part of a series on Greenhouse Gas (GHG) emission studies in the maritime sector to ref...
Strategic Marine (S) Pte Ltd Signs Contract With Ventus Marine Ltd For Four (4) 27m Crew Transfer Vessels For Asia And Europe
Categories: News Flash
Date: Jun 11, 2024
Strategic Marine, a leading aluminium shipbuilder, is pleased to announce the construction of four 2...
Two vessels catch fire after missile strikes off Yemen’s Aden
Categories: News Flash
Date: Jun 10, 2024
Two ships caught on fire after being hit by projectiles off Yemen’s Aden, two UK maritime agencies...
Maersk had cargo onboard freight train in Czech railway accident
Categories: News Flash
Date: Jun 10, 2024
Shipping group Maersk said on Friday the freight train that collided with a passenger train in the C...
Jumbo Offshore wraps up monopile removal works in Taiwan
Categories: News Flash
Date: Jun 10, 2024
Jumbo Offshore has completed the removal of two monopiles on the Offshore Wind Farm (OWF) Yunlin in ...
China’s May coal imports rise 11% on lower domestic output
Categories: News Flash
Date: Jun 10, 2024
China’s imports of coal rose 11% in May from a year earlier, customs data and Reuters records show...
ABS Issues AIP for ECOLOG’s Low-Pressure 40,000 m3 Design for LCO2 Carrier
Categories: News Flash
Date: Jun 10, 2024
ABS issued an Approval in Principle (AIP) for a low pressure, shallow-draft, low carbon footprint 40...
International law crucial for robust shipping sector, says Hadjimanolis in Athens
Categories: News Flash
Date: Jun 10, 2024
Deputy Minister of Shipping Marina Hadjimanolis on Thursday, during her visit to Athens, highlighted...
China Takes Orders for 54 Ships vs. Korea’s 2 in May
Categories: News Flash
Date: Jun 10, 2024
The Korean shipbuilding industry’s share of global shipbuilding orders plummeted to less than 10 p...
Russian tanker group Sovcomflot expects sanctions to cut 2024 revenues
Categories: News Flash
Date: Jun 10, 2024
Russia’s leading tanker group Sovcomflot said western sanctions and changing market conditions may...
IMO presents pathway to net-zero shipping at Bonn climate talks
Categories: News Flash
Date: Jun 10, 2024
The International Maritime Organization (IMO) has outlined its latest progress and plans to decarbon...
Asia High-Sulphur Fuel Oil market to take a breather in strong rally
Categories: News Flash
Date: Jun 10, 2024
A rally in Asia’s High-Sulphur Fuel Oil (HSFO) market, boosted by lower Middle East exports and OP...
Norden: Expanding the strategic position in Capesize
Categories: News Flash
Date: Jun 08, 2024
During the first two months of Q2 2024, NORDEN has made four transactions, focusing on expanding the...
China’s May iron ore imports above 100 metric tons for third month
Categories: News Flash
Date: Jun 08, 2024
China’s iron ore imports in May stayed above 100 million metric tons for a third straight month, c...
Baltic index logs weekly gain on larger vessel rates
Categories: News Flash
Date: Jun 08, 2024
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commo...
Danish Shipping and The Emirates Shipping Association sign agreement on closer future cooperation
Categories: News Flash
Date: Jun 08, 2024
The two shipping associations have signed a Memorandum of Understanding (MoU) outlining intentions f...
Easier EEDI process: DNV validates Norsepower’s new EEDI/EEXI calculation method
Categories: News Flash
Date: Jun 08, 2024
Norsepower, the global market leader in mechanical sails, has presented a revolutionary calculation ...
Asia Fuel Oil-HSFO margin logs steep weekly decline as rally eases
Categories: News Flash
Date: Jun 08, 2024
Refining margins for High Sulphur Fuel Oil (HSFO) logged a sharp weekly drop as of Friday, with the ...
Tototheo Global and Neuron partner to bring AI-optimised multi-provider satellite connectivity to the maritime industry
Categories: News Flash
Date: Jun 08, 2024
Tototheo Global and Neuron have announced an agreement to deploy Neuron’s AI-powered Quality of Ex...
Laskaridis Shipping Co. Ltd. Hosts Shipping Roundtable Discussion with AMSA
Categories: News Flash
Date: Jun 08, 2024
On 6th June 2024, during Posidonia week, Laskaridis Shipping Co. Ltd. hosted a Roundtable Discussion...
The electrical connection of the ships means ‘a five-fold increase the installed power in the ports’
Categories: News Flash
Date: Jun 08, 2024
‘Green behaviour has become a tool for competitiveness, a zero-carbon footprint is increasingly de...