News Flash
Three sanctioned VLCCs likely to halt voyage to Shandong after blacklist
Categories: News Flash
Date: Jan 10, 2025
At least three sanctioned Very Large Crude Carriers are likely to shut down their engines while en r...
HSFO down for fifth session; Singapore stocks remain high
Categories: News Flash
Date: Jan 10, 2025
Asia’s spot premium for high sulphur fuel oil (HSFO) softened for a fifth consecutive session on T...
Dry Bulk Industry Pays Tribute to Outgoing INTERCARGO Chairman Dimitri Fafalios
Categories: News Flash
Date: Jan 10, 2025
Leading figures across the dry bulk shipping sector have joined in paying tribute to Dimitri Fafalio...
Ocean container shipping rates may fall after deal reached to avoid port strikes on US East Coast and Gulf Coast
Categories: News Flash
Date: Jan 10, 2025
This week’s highlight delves into the evolving dynamics of Capesize ballasters in the South Atlant...
Baltic index rises, buoyed by capesize segment
Categories: News Flash
Date: Jan 10, 2025
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk c...
Middle East Crude-Benchmarks gain; OPEC oil output falls in December
Categories: News Flash
Date: Jan 09, 2025
Middle East crude benchmarks Oman, Dubai and Murban rose on Wednesday amid firm demand from Asia, an...
US gas-fired power boom reveals key emissions payoff in 2024
Categories: News Flash
Date: Jan 09, 2025
For the first time, over 1 billion metric tons of carbon dioxide (CO2) was discharged from U.S. gas-...
Höegh & Svitzer Set New Standard For Sustainable Sea Shipping In Australia
Categories: News Flash
Date: Jan 09, 2025
Svitzer, a leading global towage provider, and Höegh Autoliners, a leading global provider of ocean...
KPI OceanConnect, Neste and Global Energy complete first delivery of renewable diesel to the marine sector in Singapore
Categories: News Flash
Date: Jan 09, 2025
KPI OceanConnect, a leading global provider of marine energy solutions and Neste, the world’s larg...
Inmarsat Maritime And Maritime London Establish Sea-Care Working Group To Drive Data Sharing That Can Improve Safety At Sea
Categories: News Flash
Date: Jan 09, 2025
Inmarsat Maritime, a Viasat company, supported by Maritime London, have established SEA-CARE as a ne...
Kongsberg Discovery acquires Naxys Technologies
Categories: News Flash
Date: Jan 09, 2025
Kongsberg Discovery has reached agreement to acquire Naxys Technologies AS. The Bergen-based company...
Finland says oil tanker linked to subsea cable damage has serious deficiencies
Categories: News Flash
Date: Jan 09, 2025
Finland’s public transport agency said on Wednesday that an oil tanker suspected of damaging under...
Global crude exports dip as trade routes reshuffle again
Categories: News Flash
Date: Jan 09, 2025
The volume of global crude exports in 2024 declined 2%, the first fall since the COVID-19 pandemic, ...
Navig8 Announces Completion of 80% Acquisition by ADNOC L&S for $1.04 Billion
Categories: News Flash
Date: Jan 09, 2025
Navig8 TopCo Holdings Inc. announced that it has been acquired by ADNOC Logistics and Services plc (...
Container ship order book hits new record high of 8.3m TEU
Categories: News Flash
Date: Jan 09, 2025
“At the end of 2024, the container ship order book was 8.3m TEU, a new record compared with the pr...
S. Korea: Shipyard workers protest increased visa quota for migrant laborers
Categories: News Flash
Date: Jan 08, 2025
Conflict is intensifying in the Korean shipbuilding industry following the government’s recent dec...
India: Shipping to get infrastructure status to boost domestic shipbuilding and ownership
Categories: News Flash
Date: Jan 08, 2025
The government may grant infrastructure status to the shipping industry to help improve India’s po...
Mental Health Support Solutions Extends its Services to the Families of Seafarers
Categories: News Flash
Date: Jan 08, 2025
Mental health provider, Mental Health Support Solutions (MHSS), member of OneCare Group (OCG), has t...
The Hood Unveils Key Predictions for 2025
Categories: News Flash
Date: Jan 08, 2025
will fuel the collective stress and anxiety many will feel. “The maritime industry is at a crit...
Navigator Gas Announces Completion of Morgan’s Point Ethylene Export Terminal Expansion and Acquisition of Three Handysize Liquefied Ethylene Gas Carriers
Categories: News Flash
Date: Jan 08, 2025
Navigator Holdings Ltd., the owner and operator of the world’s largest fleet of handysize liquefie...
Asia Fuel Oil: Spot differentials slip in bearish fundamentals
Categories: News Flash
Date: Jan 08, 2025
Spot differentials for fuel oil fell on Tuesday, weighed by plentiful supplies and slow demand, trad...
Evolving trade routes dampen demand for ultra large containers
Categories: News Flash
Date: Jan 08, 2025
According to industry data, the demand for Ultra Large Container Vessels (ULCVs) has decreased as sh...
China’s 2025 iron ore imports set to hit new high even as steel demand dwindles
Categories: News Flash
Date: Jan 08, 2025
China’s iron ore imports are likely to hit a new high in 2025 as traders stockpile cheap ore for t...
US adds shipping major COSCO to list of companies working with China’s military
Categories: News Flash
Date: Jan 08, 2025
The US government has labeled shipping company COSCO, technology giant Tencent and battery manufactu...
Baltic index extends losses on lower capesize, supramax rates
Categories: News Flash
Date: Jan 08, 2025
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk c...
ITD Cementation set to win Vadhvan Port EPC contract
Categories: News Flash
Date: Jan 07, 2025
ITD Cementation India Ltd, a unit of Adani Group, is set to win a contract to undertake nearshore ...
Maersk asks customers to remove cargo before strike at US ports
Categories: News Flash
Date: Jan 07, 2025
Shipping giant AP Moller-Maersk has urged customers to pick up their laden containers and return the...
HC orders release of Singaporean cargo ship from Paradip Port
Categories: News Flash
Date: Jan 07, 2025
The Orissa High Court, which had earlier issued direction for ‘arrest’ of MV Propel Fortune vess...
Shanghai port starts methanol bunkering operation in 2025
Categories: News Flash
Date: Jan 07, 2025
On the 1st of January, 2025, ship Haigang Zhiyuan completed a 3000-ton methanol bunkering operation ...
Singapore port sets new record with over 40M TEUs in 2024
Categories: News Flash
Date: Jan 07, 2025
PSA Singapore (PSA) has set a new record, handling over 40 million TEUs in 2024, surpassing PSA’s ...
Colombo dockyard completes damage repair to container vessel Lobivia
Categories: News Flash
Date: Jan 07, 2025
Colombo Dockyard recently repaired the Singapore-flagged container vessel Lobivia, which had sustai...
Construction on Marina development will begin in Port City
Categories: News Flash
Date: Jan 07, 2025
Construction will begin on the Port City in Colombo’s Marina development, which is expected to be ...