News Flash
Baltic index slips for 5th straight day on weaker vessel rates
Categories: News Flash
Date: May 16, 2024
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk comm...
Port of Long Beach Cargo Volumes Climb in April
Categories: News Flash
Date: May 16, 2024
Trade moving through the Port of Long Beach gained momentum in April, marking the eighth consecutiv...
Port of Antwerp-Bruges launches the world’s first methanol-powered tugboat
Categories: News Flash
Date: May 16, 2024
Port of Antwerp-Bruges presented a world premier: the Methatug. This tugboat, which runs on m...
Auramarine Signs Agreement With Specs Corporation To Strengthen Presence In South Korean Market
Categories: News Flash
Date: May 16, 2024
Auramarine, the renowned provider of fuel supply systems for the marine, power and process industri...
Shofu Maru, World’s 1st Wind Challenger-equipped Coal Carrier Achieves Fuel Savings of 17%
Categories: News Flash
Date: May 16, 2024
Mitsui O.S.K. Lines, Ltd. announced that its owned and operated Shofu Maru, the world’s first coa...
Ship that hit Maryland bridge had lost power several times, investigators say
Categories: News Flash
Date: May 16, 2024
The cargo ship Dali lost electrical power several times before it crashed into the Francis Scott Ke...
Shore-side power supply for container ships in the Port of Hamburg
Categories: News Flash
Date: May 15, 2024
Hamburg is a European pioneer in shore-side power supply, and after several years of successfully s...
Ocean Technologies Group and WISTA International Join Forces to Drive Maritime Gender Diversity and Inclusion
Categories: News Flash
Date: May 15, 2024
Ocean Technologies Group (OTG), the leading global provider of Human Capital Management solutions f...
Odfjell: Record-high results with records to beat as soon as the next quarter
Categories: News Flash
Date: May 15, 2024
Odfjell posted very strong results last week, significantly beating our and consensus’ prediction...
Columbia Shipmanagement (CSM) Türkiye announces collaboration with leading commercial vessel operator Transoba Denizcilik ve Ticaret A.S.
Categories: News Flash
Date: May 15, 2024
Columbia Shipmanagement (CSM), member of Columbia Group, has underlined its commitment to the Turki...
Asia Fuel Oil-Benchmarks hold steady; monthly incoming supplies dip
Categories: News Flash
Date: May 15, 2024
Asia’s fuel oil benchmarks were little changed on Tuesday, while latest ship-tracking data showed...
Malaysia PM says no evidence of ship-to-ship transfer of Iranian oil off Malaysia
Categories: News Flash
Date: May 15, 2024
Malaysia Prime Minister, Anwar Ibrahim said there was “not one shred of evidence” of ship-to-sh...
ABS and HD Hyundai Group Sign MOU to Advance Medium-Voltage Power Systems on Ships
Categories: News Flash
Date: May 15, 2024
ABS, HD Korea Shipbuilding & Offshore Engineering Co., Ltd. and HD Hyundai Heavy Industries, Co...
OceanCare: Gibraltar orca attack not deliberate or act of revenge
Categories: News Flash
Date: May 15, 2024
On Sunday, 12 May, the 15-metre yacht “Alboran Cognac” sank in the southern entrance to the Str...
Will new US tariffs on China imports be a case of history repeating? Businesses brace for increased supply chain costs
Categories: News Flash
Date: May 15, 2024
Global supply chains are braced for further disruption and increasing costs after US President, Joe...
Baltic index hits more than one-week low on weaker vessel rates
Categories: News Flash
Date: May 15, 2024
The Baltic Exchange’s main sea freight index that tracks rates for ships carrying dry bulk commod...
Iran releases some crew members of ship seized in the Gulf
Categories: News Flash
Date: May 13, 2024
Iran has released seven crew members of a Portuguese-flagged container ship seized in the Gulf on 1...
MOL Joins Project to Develop Frozen and Refrigerated Warehouse in Singapore-promoting investment in Southeast Asia, the key area for MOL, by utilizing group network
Categories: News Flash
Date: May 13, 2024
Mitsui O.S.K. Lines, Ltd. announced that MOL (Asia Oceania) Pte. Ltd. (Managing Director: Jotaro Ta...
Asian spot LNG prices rise on signs of stronger demand
Categories: News Flash
Date: May 13, 2024
Asian spot liquefied natural gas prices rose this week on stronger demand amid high temperatures in...
West Africa Container Terminal (WACT) replaces diesel generation with solar electricity
Categories: News Flash
Date: May 13, 2024
The West Africa Container Terminal (WACT) has signed a significant Solar Lease Agreement with Stars...
Brazilian ports grapple with fuel supply challenges
Categories: News Flash
Date: May 13, 2024
Brazilian petroleum firm and bunker supplier Petrobras will temporarily be unable to provide LSMGO ...
Shipping Market Conditions Boost Yang Ming’s First Quarter Results
Categories: News Flash
Date: May 13, 2024
Yang Ming Marine Transport Corporation (Yang Ming) held its 392nd Board Meeting on 10th May to appr...
Maersk Suspends Methanol Ship Order to Chinese Shipbuilder
Categories: News Flash
Date: May 13, 2024
Maersk, the world’s second-largest shipping company, has reportedly postponed an order for 15 met...
Stowage of heavy lift cargo: legal and insurance implications
Categories: News Flash
Date: May 13, 2024
The project cargo trade, as with many segments of the shipping industry, experienced a boom during ...
Korean Shipbuilders Post Drop in Shipbuilding Volume due to Growing Proportion of Less-skilled Foreign Workers
Categories: News Flash
Date: May 13, 2024
Korean shipbuilders, which have been fiercely competing with Chinese shipbuilders on the global sta...
Panama Canal in talks with US LNG producers to increase transit
Categories: News Flash
Date: May 13, 2024
The Panama Canal is in talks with U.S. liquefied natural gas (LNG) producers on how to meet increas...
Shaping a safer and sustainable future for shipping
Categories: News Flash
Date: May 03, 2024
Sunil Krishnakumar, Senior Technical Manager at the International Chamber of Shipping, provides his...
Xeneta Shipping Index (XSI®): Long term rates edge up globally as Red Sea conflict continues to cast uncertainty across the market
Categories: News Flash
Date: May 03, 2024
Ocean freight container carriers are treading a fine line between risk and reward during new contra...
Baltic index hits over one-week high on capesize strength
Categories: News Flash
Date: May 03, 2024
The Baltic Exchange’s dry bulk sea freight index rose to more than a week high on Thursday, suppo...
Panama Canal: From Crisis to Opportunity: Rethinking Water Management in a Changing Climate
Categories: News Flash
Date: May 03, 2024
As climate change intensifies, I’ve noticed a notable increase in extreme weather events hamperin...
Optimarin enters new growth phase with Hyde Marine acquisition to strengthen BWTS market position
Categories: News Flash
Date: May 03, 2024
Optimarin is expanding its position in the market for ballast water treatment systems with a deal t...
USGC expected to see steady HSFO imports from Mexico amid rise in production
Categories: News Flash
Date: May 03, 2024
As Mexico continues to see HSFO output surge and exports hit record highs, the US Gulf Coast is poi...