News Flash
JB Rae-Smith elected UK Chamber of Shipping President
Categories: News Flash
Date: Feb 15, 2024
Today international shipping industry veteran, JB Rae-Smith was elected as President of the UK Cham...
ClassNK and Lovoy signed MOU to jointly explore enhanced safety at sea
Categories: News Flash
Date: Feb 15, 2024
ClassNK and Lovoy have signed a Memorandum of Understanding (MOU) to cooperate with development and...
CMB Nv Launches Its Mandatory Public Takeover Bid On Euronav NV
Categories: News Flash
Date: Feb 15, 2024
CMB NV (“CMB”) announces that on February 13, 2024 the Belgian Financial Services and Markets A...
MOL Teams up with Australian Energy Company Woodside, South Korean Shipbuilder HD KSOE and Shipping Firm Hyundai Glovis to Study Transport of Liquefied Hydrogen
Categories: News Flash
Date: Feb 15, 2024
Mitsui O.S.K. Lines, Ltd. announced the signing of a non-binding memorandum of understanding (MoU) ...
Republic of the Marshall Islands Maritime Administrator awards Approval in Principle for Anemoi Rotor Sails
Categories: News Flash
Date: Feb 15, 2024
The Republic of the Marshall Islands (RMI) Maritime Administrator has awarded an Approval in Princi...
Baltic index dips on falling capesize rates
Categories: News Flash
Date: Feb 15, 2024
The Baltic Exchange’s dry bulk sea freight index edged down on Wednesday, snapping a three-sessio...
Special risks of BESS (Battery Energy Storage System) for cargo insurers
Categories: News Flash
Date: Feb 13, 2024
To achieve the Paris Agreement goals, the adoption of renewable-energy sources has increased signif...
Iraq committed to OPEC, will not produce more than 4 mln bpd -minister
Categories: News Flash
Date: Feb 13, 2024
Iraq is committed to OPEC decisions and after its second voluntary cut announced in December it is ...
Euploia Drydocks & Services Ltd has established an exclusive partnership with C.C.JENSEN to elevate vessel operations through the integration of CJC® Engine Lube Oil Filters
Categories: News Flash
Date: Feb 13, 2024
We are delighted to announce a new exclusive representation in the field of engine lube oil filtrat...
General notice of cancellation in respect of certain war risks
Categories: News Flash
Date: Feb 13, 2024
Skuld (Gjensidig) (“The Association”) has received a Notice of Cancellation from reinsurers in ...
The hardest job in the world’: Siberian shipyard workers brave freezing cold
Categories: News Flash
Date: Feb 13, 2024
A drone flies low over a snow-covered shipyard in Russia’s Far East, where workers toil in subzer...
Best’s Market Segment Report: P&I Clubs Improve Underwriting Results but Further General Increases Needed to Keep Up With Inflation
Categories: News Flash
Date: Feb 13, 2024
Despite a relatively benign year for pool claims in 2023, Protection and Indemnity (P&I) clubs ...
UN shipping agency working ‘tirelessly’ to solve Red Sea crisis
Categories: News Flash
Date: Feb 13, 2024
The United Nations shipping agency is working “tirelessly” to solve the Red Sea crisis, which i...
Greece: Four dead in shooting at shipping company
Categories: News Flash
Date: Feb 13, 2024
Four people were killed — including the suspected perpetrator — in a shooting that happened at ...
BIMCO starts work on contract for growing wind turbine market
Categories: News Flash
Date: Feb 13, 2024
BIMCO has established a subcommittee to work on a global standard contract for the transport and in...
Baltic index scales 1-month high on firm rates for larger vessels
Categories: News Flash
Date: Feb 13, 2024
The Baltic Exchange’s dry bulk sea freight index rose to a one-month high on Monday, buoyed by fi...
Panama Canal does not plan transit restrictions at least until April
Categories: News Flash
Date: Feb 12, 2024
The Panama Canal sees no need for further vessel transit restrictions until at least April, when it...
Asia spot LNG prices dip on tepid demand, healthy stocks
Categories: News Flash
Date: Feb 12, 2024
Asian spot liquefied natural gas (LNG) prices dipped this week, remaining below $10 per million Bri...
Maersk pilots Shanghai as new global gateway for LCL Shipments
Categories: News Flash
Date: Feb 12, 2024
Maersk, the world’s leading shipping and logistics company, announces today that Maersk pilots Sh...
APM Terminals calls on OEMs to support them in raising asset management standards
Categories: News Flash
Date: Feb 12, 2024
APM Terminals’ journey to towards becoming a world class asset management organisation started so...
Shipyard working conditions and the Norwegian Transparency Act
Categories: News Flash
Date: Feb 12, 2024
Recent media reports have focused on allegedly poor working conditions at Turkish shipyards. The la...
Asian LNG re-export trend continues to surpass Europe so far in 2024
Categories: News Flash
Date: Feb 12, 2024
Asian LNG re-exports have continued to outmatch reexports from Europe so far in 2024, maintaining A...
Damage of main engine crankshaft and the importance of the Planned Maintenance System
Categories: News Flash
Date: Feb 12, 2024
Over the years, we have seen many incidents regarding damage to main engine components such as the ...
Asian imports of U.S. LPG fall, dragging down shipping rates
Categories: News Flash
Date: Feb 12, 2024
Shipping rates for Asia-bound liquefied petroleum gas have plummeted in 2024, touching a nearly thr...
Grain ships diverted from Red Sea; Russia sets export taxes
Categories: News Flash
Date: Feb 12, 2024
More ships carrying grain were diverted from the Suez Canal to sail around the Cape of Good Hope th...
Drewry: Dry Bulk Equity Index on the Rise
Categories: News Flash
Date: Feb 12, 2024
In January, Drewry’s Dry Bulk Equity Index rose 2.1% due to the intensifying conflict in the Red ...
IMO Secretary-General sets fresh agenda for maritime
Categories: News Flash
Date: Feb 09, 2024
IMO Secretary-General Arsenio Dominguez shared the Organization’s plans and focus areas for the n...
NORDEN reports annual result of USD 400 million for 2023 and continues to return cash to shareholders
Categories: News Flash
Date: Feb 09, 2024
NORDEN reports an annual result of USD 400 million (approx. DKK 2,760 million). For the fourth quar...
Dalian iron ore near one-week high on property demand hope
Categories: News Flash
Date: Feb 09, 2024
Iron ore futures in China climbed to near a one-week high on Thursday, on hope of better demand fro...
India wants multi-year oil purchase deal with Guyana -Guyana minister
Categories: News Flash
Date: Feb 09, 2024
India wants to sign a multi-year oil purchase deal with Guyana and acquire stakes in the South Amer...
New zero-emission hydrogen-powered cargo vessel ready for operation on the Rhine
Categories: News Flash
Date: Feb 09, 2024
Dutch shipowner Future Proof Shipping (FPS), the EU-funded Flagships project, and the Interreg-fund...
VIKAND Launches Proactive Healthcare Program to Safeguard Seafarers and Protect the Commercial Viability of the Shipping Industry
Categories: News Flash
Date: Feb 09, 2024
VIKAND, a Global Leader in Maritime Healthcare, has launched a proactive 24/7 healthcare program to...