News Flash
Americas clean tanker rates to stay volatile at elevated floor in Q2 as exports grow
Categories: News Flash
Date: Apr 18, 2024
Americas clean tanker rates are expected to continue their volatility at elevated levels during the...
LR collaborates with Eastern Pacific Shipping and Maritime & Port Authority of Singapore on six Singapore-registered ammonia dual-fuel newbuilds
Categories: News Flash
Date: Apr 18, 2024
Eastern Pacific Shipping (EPS) has signed Memorandums of Understanding (MoUs) with the Maritime and...
H2 Energy and DFDS publish new hydrogen propulsion feasibility study
Categories: News Flash
Date: Apr 18, 2024
During the past year, H2 Energy and DFDS have worked together on a project to analyse the feasibili...
Asia Fuel Oil-HSFO discount narrows on firmer bid but trade lull continues
Categories: News Flash
Date: Apr 18, 2024
Spot discounts for high sulphur fuel oil narrowed on Wednesday amid the emergence of a firmer bid, ...
Rio Tinto’s first-quarter iron ore shipments fall 5%, missing estimates
Categories: News Flash
Date: Apr 18, 2024
Rio Tinto reported a 5% fall in its first-quarter iron ore shipments on Wednesday, missing estimate...
Baltimore’s alternate shipping channels not deep enough, Maersk says
Categories: News Flash
Date: Apr 18, 2024
The Baltimore port’s alternate shipping channels are not deep enough to accommodate the oceangoin...
Baltic index gains as rates firm for all vessels
Categories: News Flash
Date: Apr 18, 2024
The Baltic Exchange’s main dry bulk sea freight index rose on Wednesday, aided by rising rates ac...
Facilitation Committee tackles digitalization and autonomous shipping
Categories: News Flash
Date: Apr 17, 2024
IMO’s Facilitation Committee has taken steps to further advance the digitalization of the shippin...
Iran working to safeguard oil exports in region, official says
Categories: News Flash
Date: Apr 17, 2024
Iran’s Deputy Oil Minister Morteza Shahmirzaei told a conference in Moscow via video link on Tues...
CMA CGM AIR CARGO accelerates its development with the arrival of three B777F and the opening of a transpacific service
Categories: News Flash
Date: Apr 17, 2024
CMA CGM AIR CARGO will begin operating a transpacific route connecting Asia to North America in sum...
ClassNK grants Innovation Endorsements for Products & Solutions to three solutions developed by iO3
Categories: News Flash
Date: Apr 17, 2024
ClassNK has granted its Innovation Endorsements for Products & Solutions*1 to an internet payme...
Hapag-Lloyd and Seaspan to retrofit five vessels to methanol propulsion
Categories: News Flash
Date: Apr 17, 2024
Hapag-Lloyd and Seaspan Corporation enter into a partnership agreement to retrofit and convert five...
Coastal Sustainability Alliance Boosts Development And Adoption Of Maritime Biofuel In Singapore
Categories: News Flash
Date: Apr 17, 2024
The Coastal Sustainability Alliance (CSA), an industry collaborative effort led by Kuok Maritime Gr...
China’s iron ore imports rise as inventories build: Russel
Categories: News Flash
Date: Apr 17, 2024
Iron ore has emerged as the surprise in China’s first quarter commodity imports, with arrivals po...
HSFO East-West swap hits five-month high amid supply overhang in Asia, European demand uptick
Categories: News Flash
Date: Apr 17, 2024
The 380 CST East-West spread — the difference between the 380 CST FOB Singapore HSFO swap and the...
Baltic index hits near 3-week high on firm demand across segments
Categories: News Flash
Date: Apr 17, 2024
The Baltic Exchange’s main dry bulk sea freight index climbed to its highest level in nearly thre...
Somali pirates free Bangladesh cargo ship after ransom paid
Categories: News Flash
Date: Apr 16, 2024
Somali pirates released the hijacked ship MV Abdullah on Sunday after its Bangladeshi owners report...
Clean Arctic Alliance Welcomes Denmark’s Banning of Scrubber Wastewater Discharges
Categories: News Flash
Date: Apr 16, 2024
The Clean Arctic Alliance today welcomed the Danish government’s announcement that it will prohib...
Oldendorff Carriers contracts with Harbor Lab to provide global transparency in port transactions and revolutionise disbursement accounting
Categories: News Flash
Date: Apr 16, 2024
Harbor Lab, a global leader in maritime technology for centralizing and simplifying port disburseme...
Asia Fuel Oil-VLSFO discount widens, market structure slips to parity
Categories: News Flash
Date: Apr 16, 2024
The spot discount for very low sulphur fuel oil (VLSFO) widened on Monday, while the market intermo...
Setting Sail To Build In Europe 10,000 Sustainable And Digitalised Vessels By 2035
Categories: News Flash
Date: Apr 16, 2024
SEA Europe, the association representing the European maritime technology industry, comprising ship...
Smart Shipping Revenues Expected to Exceed $540 million in 2024
Categories: News Flash
Date: Apr 16, 2024
The Future of Smart Shipping – 2024. The second edition to our highly popular 2020 report offers ...
Shipping industry braces for more disruptions as Iran-Israel conflict to further drive up freight rates, travel times
Categories: News Flash
Date: Apr 16, 2024
The recent back-and-forth attacks between Iran and Israel has added another ingredient to the alrea...
Iran says MSC Aries vessel seized for ‘violating maritime laws’
Categories: News Flash
Date: Apr 16, 2024
A Portuguese-flagged cargo ship, the MSC Aries, was seized by Iran on April 13 for ”violating mar...
Escalating Middle East Tensions Trigger Projected Surge in War Risk Premiums and Freight Rates
Categories: News Flash
Date: Apr 16, 2024
In a significant escalation of tensions in the Middle East, Iran’s capture of the MSC Aries, a co...
Baltic index steady as gains in smaller vessels counter weaker capsize
Categories: News Flash
Date: Apr 16, 2024
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Canadian heavy crude trade to Asia picks up as Trans Mountain Expansion startup nears
Categories: News Flash
Date: Apr 15, 2024
Spot trade of arbitrage heavy Canadian crude to Asia has picked up pace ahead of the commencement o...
Americas midsize crude tanker intertrade to drive freight as TMX expected online at end-Q2
Categories: News Flash
Date: Apr 15, 2024
Freight for ships carrying crude in the Americas is expected to remain wrapped up in intertrade dyn...
Asia spot LNG at 3-month peak on steady demand, supply disruption
Categories: News Flash
Date: Apr 15, 2024
Asian spot liquefied natural gas (LNG) prices edged up this week, reaching the highest levels in th...
Tighter fundamentals and geopolitics are pushing commodities higher
Categories: News Flash
Date: Apr 15, 2024
Oil market tightens as geopolitical risks grow Oil prices have seen significant strength through...
Flex LNG – Time Charter for Flex Endeavour extended to 2032
Categories: News Flash
Date: Apr 15, 2024
Flex LNG, Ltd. (“Flex LNG” or the “Company”) (OSE/NYSE: FLNG) is pleased to announce that t...
NYK Set to Achieve World’s First Truck-to-Ship Fuel Ammonia Bunkering NYK, JERA, and Resonac Complete Joint Study to Establish Safe and Secure Ammonia Supply System
Categories: News Flash
Date: Apr 15, 2024
NYK will supply fuel ammonia at the end of May to an NYK-owned ammonia-fueled tugboat (“A-tug”)...