News Flash
Maersk warns Red Sea disruptions could last into the second half of the year
Categories: News Flash
Date: Feb 28, 2024
Maersk has warned of disruptions to container shipping via the Red Sea dragging into the second hal...
Navigating the EU ETS, its extension to shipping and the future of ETS 2
Categories: News Flash
Date: Feb 28, 2024
Global law firm Reed Smith hosted a Carbon Markets event on the European Union Emissions Trading Sy...
Baltic index hits over 1-month high on sturdy vessel rates
Categories: News Flash
Date: Feb 28, 2024
The Baltic Exchange’s dry bulk sea freight index extended gains for an eighth straight session to...
Shipping rates volatile in February amid Red Sea crisis, data shows
Categories: News Flash
Date: Feb 27, 2024
Rates for the use of the ships most commonly used for carrying crude oil around the world are up to...
Belgian shipowners support ILO-IMO work on harassment and bullying in the maritime sector
Categories: News Flash
Date: Feb 27, 2024
At the forthcoming second meeting of the Joint ILO-IMO Tripartite Working Group to Identify and Add...
Europe’s gas consumption falls to 10-year low as peak LNG demand nears
Categories: News Flash
Date: Feb 27, 2024
Europe’s gas consumption in 2023 fell to its lowest level in 10 years as countries scale up effic...
Asia Fuel Oil-VLSFO cash premium extends downtrend for fourth session
Categories: News Flash
Date: Feb 27, 2024
Singapore’s cash premium for very low sulphur fuel oil (VLSFO) extended declines for a fourth str...
Euronav Announces Order For 2 Dual-Fuel Bitumen Tankers Under Long-Term Charter Deal
Categories: News Flash
Date: Feb 27, 2024
Euronav NV is pleased to announce that it has concluded an order for two bitumen tankers with China...
Greece approves military participation in EU Red Sea mission
Categories: News Flash
Date: Feb 27, 2024
The Greek government on Monday approved the country’s participation in a European Union naval mis...
Improved Panama Canal flows support US LPG over LNG
Categories: News Flash
Date: Feb 27, 2024
US LPG exports via the Panama Canal rose slightly in January, according to the US Energy Informatio...
Baltic Index Climbs Multiweek Highs On Firm Capesize, Supramax Rates
Categories: News Flash
Date: Feb 27, 2024
The Baltic Exchange’s dry bulk sea freight index edged up to a seven-week high on Monday, buoyed ...
Hydroniq Coolers awarded a frame agreement for MR tanker equipment
Categories: News Flash
Date: Feb 27, 2024
Marine and offshore pumping system supplier Framo has awarded Hydroniq Coolers a frame agreement to...
Aluminium rises from one-month low on Shanghai stocks jump
Categories: News Flash
Date: Feb 27, 2024
Aluminium prices hit a one-month low on Monday after inventories in Shanghai jumped and the United ...
First LNG vessel arrives at new German Mukran terminal
Categories: News Flash
Date: Feb 26, 2024
The first vessel carrying liquefied natural gas (LNG) for Germany’s Baltic Sea terminal of Mukran...
Houthi attack on Red Sea ship causes massive oil slick
Categories: News Flash
Date: Feb 26, 2024
The Yemen-based Houthi attack last week on a UK-owned ship in the Red Sea caused a 29-kilometer (18...
Clean Arctic Alliance: Progress Made, But IMO Fails to Act on Black Carbon Emissions, Despite Credible and Direct Pathway
Categories: News Flash
Date: Feb 26, 2024
As a meeting of the International Maritime Organization’s (IMO) Sub-Committee on Pollution Preven...
Suez Canal shipping volumes drop 55% in a week as Red Sea crisis continues
Categories: News Flash
Date: Feb 26, 2024
Shipping volumes through the Suez Canal more than halved last week, while volumes on the alternativ...
ECB minutes mark the next step on a very long road to rate cuts
Categories: News Flash
Date: Feb 26, 2024
The European Central Bank is not really known as a central bank that makes swift shifts in its poli...
After hitting new highs in 2023, US lower 48 oil production growth will begin to slow considerably in 2024 and beyond
Categories: News Flash
Date: Feb 26, 2024
US Lower 48 oil production growth exceeded expectations in 2023, adding 900,000 barrels per day (b/...
China denies it is ‘remotely controlling’ port cranes to collect shipping data
Categories: News Flash
Date: Feb 26, 2024
Urging against the “weaponization” of economic and trade issues, China on Friday denied claims ...
GPA’s January rail cargo jumps 27 percent
Categories: News Flash
Date: Feb 26, 2024
Cargo moved by rail at the Port of Savannah reached 47,132 containers in January, an increase of 10...
Stronger West Asia, India spot interest pulling WAF, US LNG cargoes
Categories: News Flash
Date: Feb 26, 2024
Weak spot LNG prices globally have sparked spot buying interest in India and the Middle East, attra...
Xeneta calls upon former Amazon and MSC logistics technology experts to join the ocean and air freight data revolution
Categories: News Flash
Date: Feb 26, 2024
How do you harness the power of data and technology to transform the way ocean and air freight is b...
The first Norsepower Rotor Sail™ funded by German Government to be fitted on Baltrader’s new cement carrier
Categories: News Flash
Date: Feb 23, 2024
Baltrader Capital GmbH & Co. KG, Hamburg, and Norsepower, the leading global provider of auxili...
Vitol Bunkers takes delivery of first biofuel barge in Singapore
Categories: News Flash
Date: Feb 23, 2024
Vitol Bunkers said Feb. 22 it has taken delivery of its first biofuel bunker barge, the Marine Futu...
Asia Distillates-Gasoil margin steady, Singapore stocks fall
Categories: News Flash
Date: Feb 23, 2024
Asia’s 10-ppm sulphur gasoil margin cash premium was little changed on Thursday amid absence of d...
Dalian iron ore falls for fourth day on China demand concerns
Categories: News Flash
Date: Feb 23, 2024
Dalian iron ore futures fell for a fourth consecutive session on Thursday amid concerns over steel ...
Teekay Corporation Reports Strong Fourth Quarter Results, As 2023 Was the Best of the Past 15 Years
Categories: News Flash
Date: Feb 23, 2024
Teekay Corporation reported results for the three and twelve months ended December 31, 2023. These ...
Eastern Pacific Shipping makes first wind propulsion move with bound4blue eSAILs
Categories: News Flash
Date: Feb 23, 2024
Eastern Pacific Shipping (EPS) has signed a contract for its first ever wind-assisted propulsion sy...
HD Hyundai Marine bags order to upgrade Chevron LNG tankers
Categories: News Flash
Date: Feb 23, 2024
HD Hyundai Marine Solution Co., a ship maintenance, retrofitting and digital solution provider unde...
WinGD and Mitsubishi Shipbuilding agree ammonia fuel supply system
Categories: News Flash
Date: Feb 23, 2024
Swiss marine power company WinGD and Japanese shipbuilder and technology developer Mitsubishi Shipb...
Maritime and Port Industry Stakeholders Welcome the IMCO vote on UCC Reform, urging further efforts to secure a smart, safe, and competitive Customs Union
Categories: News Flash
Date: Feb 23, 2024
Yesterday, the European Parliament’s Internal Market Committee (IMCO) adopted its report on the r...