News Flash
Asian spot LNG prices at five-month high on firm demand, geopolitical risks
Categories: News Flash
Date: May 27, 2024
Asian spot Liquefied Natural Gas (LNG) prices rose for the fourth straight week and hit its highest...
Port of Tanjung Pelepas inks deals for 11 ULCV capacity quay cranes
Categories: News Flash
Date: May 27, 2024
Port of Tanjung Pelepas SdnBhd (PTP), a joint venture between the MMC Group and APM Terminals in Ma...
Lakeway Link Partners with ScanOcean to Utilize Sustainable Marine Fuel, Enhancing Environmental Commitments
Categories: News Flash
Date: May 27, 2024
Lakeway Link AB, in its latest strategic move towards sustainable operations, has announced a signi...
Yemen’s Houthis say they launch attacks on 3 ships including one in Mediterranean
Categories: News Flash
Date: May 27, 2024
Yemen’s Houthis launched attacks on three ships in the Red Sea, Mediterranean Sea and Arabian Sea...
Singapore fuel oil stockpiles hit lowest in 5-1/2 years as supplies to Asia drop
Categories: News Flash
Date: May 27, 2024
Onshore fuel oil stockpiles at key storage hub Singapore plummeted to a 5-1/2-year low, latest data...
IMO condemns “illegal, unjustifiable” attacks on ships in Red Sea
Categories: News Flash
Date: May 27, 2024
Member States of the International Maritime Organization (IMO) – the UN agency that regulates glo...
Asia Fuel Oil-HSFO cracks log weekly climb, stockpiles draw lower at key hubs
Categories: News Flash
Date: May 27, 2024
Refining cracks for high sulphur fuel oil posted weekly gains as of Friday, as the market retained ...
Russia says secondary sanctions are hurting export revenues, oil payments
Categories: News Flash
Date: May 27, 2024
Expanded sanctions on Russia and enhanced pressure on countries that Moscow considers friendly are ...
Russia’s Novak says fuel export bans will be used again
Categories: News Flash
Date: May 27, 2024
Russia will use fuel export bans again as a way of regulating supply and demand, but for now the do...
Oil and gas contracts market sees 37% decline in value during Q1 2024, reveals GlobalData
Categories: News Flash
Date: May 24, 2024
The oil and gas contracts market faced turbulence, with a notable quarter-on-quarter (QoQ) decline ...
India, Egypt top destinations for Russian seaborne fuel oil, VGO exports in April, LSEG data shows
Categories: News Flash
Date: May 24, 2024
India and Egypt were the top destinations for Russian seaborne fuel oil and Vacuum Gasoil (VGO) exp...
Wärtsilä to convert two Scandlines ferries to plug-in hybrid operation
Categories: News Flash
Date: May 24, 2024
Technology group, Wärtsilä will supply the electrical systems needed to convert two Scandlines fe...
Ballast Water Management – CWQ Challenges for D2 Standard Compliance
Categories: News Flash
Date: May 24, 2024
The final phase for full compliance with the D2 Standard of the Ballast Water Management Convention...
Corvus Energy to supply battery systems for 10 new hybrid tugboats servicing the Panama Canal
Categories: News Flash
Date: May 24, 2024
The Panama Canal Authority ordered ten hybrid tractor tugboats from European shipbuilder, Astillero...
Asia Fuel Oil-VLSFO market gains as Singapore inventories slide
Categories: News Flash
Date: May 24, 2024
Asia’s Very Low-Sulphur Fuel Oil (VLSFO) market gained on Thursday after stocks at key trading hu...
Micronesian Center for Sustainable Transport (MCST) Calls for Just and Equitable Revenue Disbursement from IMO Emission Reduction Measures
Categories: News Flash
Date: May 24, 2024
The Micronesian Center for Sustainable Transport (MCST) has released a critical analysis of the Int...
“K” LINE Group Obtains Certification from ClassNK for Seafarer Competency Management System
Categories: News Flash
Date: May 24, 2024
Kawasaki Kisen Kaisha, Ltd. (“K” LINE) announced today that three “K” LINE Group ship manag...
Has container peak season come early for shippers and lines?
Categories: News Flash
Date: May 24, 2024
A combination of weather conditions, trade demand and geopolitics has buoyed containership freight ...
Baltic index sees minor drop as capesize remains steady
Categories: News Flash
Date: May 24, 2024
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Iron ore hits three-month high on bets of China demand
Categories: News Flash
Date: May 23, 2024
Iron ore futures hit a three-month high on Wednesday as investors bet on better demand following Ch...
FUJAIRAH DATA: Oil product stocks drop for fifth consecutive week
Categories: News Flash
Date: May 23, 2024
Stockpiles of oil products at the UAE’s Port of Fujairah dropped for a fifth consecutive week, th...
Indonesia believed to buy about 210,000 T rice in tender, traders say
Categories: News Flash
Date: May 23, 2024
Indonesian state purchasing agency Bulog is believed to have purchased about 210,000 metric tons of...
Kongsberg Maritime announces energy-efficient upgrade for Solstad’s Normand Sentinel
Categories: News Flash
Date: May 23, 2024
Kongsberg Maritime is proud to announce a significant upgrade to Solstad’s Normand Sentinel, one ...
Trimble and WTE Ltd Introduce the MPS566 Pilot System: A Precise Navigation system for Navigation tasks in restricted waterways
Categories: News Flash
Date: May 23, 2024
WTE Ltd, a provider of AIS systems, and Trimble, a leading provider of advanced positioning solutio...
Survitec unveils containment device to protect crews and assets from catastrophic valve actuator failure
Categories: News Flash
Date: May 23, 2024
Global Survival Technology solutions provider Survitec has launched a pioneering new energy contain...
Cross-industry collaboration launches to accelerate digital twins’ uptake in shipping
Categories: News Flash
Date: May 23, 2024
The Digital Twin project involving Japan-based ship owners, shipbuilders, classification society an...
TotalEnergies and Socatra select Syroco’s new generation weather routing for M/T Alcyone
Categories: News Flash
Date: May 23, 2024
The Climate Tech startup’s digital twin based platform is deployed on board the oil tanker to opt...
Adaptive Process Solutions delivers step change results for oil and gas produced water production Trial demonstrates new technology capable of achieving five-fold reduction in OiW
Categories: News Flash
Date: May 23, 2024
Adaptive Process Solutions (APS), a produced water treatment specialist, has completed a highly suc...
Poseidon Marine Supplies is going further to get closer to every ship and its needs
Categories: News Flash
Date: May 23, 2024
Under the motto “Going further to get closer to you”, Poseidon Marine Supplies, the Greek compa...
Crucial need for multicultural integration in global maritime sector, says e-Learning provider OneLearn Global
Categories: News Flash
Date: May 22, 2024
The global maritime industry has long grappled with the complexities of managing multicultural crew...
Malaysian palm oil falls as weaker exports weigh
Categories: News Flash
Date: May 22, 2024
Malaysian palm oil futures reversed early gains to trade lower on Tuesday, weighed down by a drop i...
Ocean Network Express and the University of Tokyo Partner to Establish Social Cooperation Program “Container Management Science”
Categories: News Flash
Date: May 22, 2024
Ocean Network Express (ONE) is pleased to announce the launch of a Social Cooperation Program, “C...