News Flash
LNG freight rates hit multiyear lows amid weak demand, ample supply
Categories: News Flash
Date: Oct 23, 2024
LNG freight rates have plummeted to multiyear lows in the week ended Oct. 18, approaching operationa...
Russia to use ship-to-ship LNG loadings to free up ice-class tankers
Categories: News Flash
Date: Oct 23, 2024
Russia plans to arrange ship-to-ship transfers of liquefied natural gas and gas condensate in the Ba...
Amasus signs second contract with bound4blue for world’s largest suction sail system on a general cargo vessel
Categories: News Flash
Date: Oct 23, 2024
Amasus, one of Europe’s leading players in the shortsea, bulk, general cargo, offshore and heavy l...
Baltic index falls as rates decline across all vessels
Categories: News Flash
Date: Oct 23, 2024
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk c...
Ammonia-Powered Engine to be Developed for Medium-Speed Marine Applications
Categories: News Flash
Date: Oct 23, 2024
MAN Energy Solutions launches ‘AmmoniaMot 2’ research project with industry partners and researc...
Mongolian coal haul to China surges in mid-Oct; coal stocks rise
Categories: News Flash
Date: Oct 22, 2024
The daily coal haul by Mongolian trucks to China rebounded in mid-October after heavy rain disrupted...
Iron ore gains on firm near-term demand, more China rate cuts
Categories: News Flash
Date: Oct 22, 2024
Iron ore futures rose on Monday as near-term demand remained firm and the latest rate cut in top con...
Indian Register of Shipping and SeaTech sign MOU for International Collaboration on Green Tug Design and Sustainable Initiatives
Categories: News Flash
Date: Oct 22, 2024
Indian Register of Shipping (IRS), a globally recognized classification society, is proud to announc...
ClassNK awards notation for safe transportation of EVs to “K” LINE’s car carrier ‘TEXAS HIGHWAY’
Categories: News Flash
Date: Oct 22, 2024
ClassNK granted its ‘AFVC (Additional Fire-Fighting measures for Vehicle Carrier)’ notations to ...
BW LNG secures e-procurement deal with Procureship for global LNG fleet
Categories: News Flash
Date: Oct 22, 2024
Procureship, provider of the world’s leading digital e-procurement platform, has signed a deal wit...
South Korean shipbuilder Hanwha Ocean joins GCMD as Strategic Partner
Categories: News Flash
Date: Oct 22, 2024
The Global Centre for Maritime Decarbonisation (GCMD) and Hanwha Ocean today announced a five-year s...
China’s surplus crude oil hits nearly 1 million bpd for September
Categories: News Flash
Date: Oct 22, 2024
The weak position of China’s crude oil sector was underlined by September data showing a sixth con...
ABS Delivers Comprehensive Ammonia Dispersion Safety Evaluation to Hanwha Ocean
Categories: News Flash
Date: Oct 22, 2024
ABS has completed an industry-leading safety evaluation of ammonia dispersion on board an ammonia-fu...
Asia Fuel Oil-Spot premiums post mild gains after Nov bids inch up
Categories: News Flash
Date: Oct 22, 2024
Spot premiums for fuel oil climbed on Monday after bids for November cargoes inched higher. Singa...
Baltic index slips on weaker rates across bigger vessels
Categories: News Flash
Date: Oct 22, 2024
The Baltic Exchange’s main sea freight index dipped on Monday to its lowest level in over eight mo...
Tanker Returns Brings in More Investment in Newbuildings
Categories: News Flash
Date: Oct 21, 2024
An increase in returns has lured more ship owners into investing in the tanker sector, through newbu...
Port of Long Beach Sees Strongest September on Record
Categories: News Flash
Date: Oct 21, 2024
Demand for holiday-related goods nudged the Port of Long Beach to its most active September and busi...
Port of Los Angeles freight rail delays reach two-year high, with holiday and everyday items piling up
Categories: News Flash
Date: Oct 21, 2024
Record imports over the last several months at West Coast ports, driven by the recent East Coast and...
Peru’s Chinese-built mega port to soft launch in late November with Shanghai route
Categories: News Flash
Date: Oct 21, 2024
Peru’s massive Chancay port, which authorities hope will become a major shipping hub for South Ame...
Iran exports first crude cargo outside the Persian Gulf as Israeli retaliation looms
Categories: News Flash
Date: Oct 21, 2024
Iran exported its first-ever crude cargo outside the Persian Gulf, according to satellite images and...
Panama Strengthens Strategic Alliances With The Maritime Sector
Categories: News Flash
Date: Oct 21, 2024
As a global leader in ship registration and maritime services, Panama continues to build strategic p...
S. Korea and China resume containership competition amid market shifts
Categories: News Flash
Date: Oct 21, 2024
Hanwha Ocean, one of South Korea’s leading shipbuilders, announced on Oct 10. that it has secured ...
Global container freight rate index from the 12th January 2023 to the 10th October 2024
Categories: News Flash
Date: Oct 21, 2024
Container freight rates oscillated dramatically between January 2023 and October 2024. Freight rates...
Pacific Basin: Dry Bulk Market Outlook Is Optimistic
Categories: News Flash
Date: Oct 21, 2024
During the third quarter of 2024, there was a year-on-year increase in global dry bulk loading volum...
Growing obscurity: LNG shadow fleet expected to expand as sanctions evasion continues
Categories: News Flash
Date: Oct 21, 2024
The LNG shadow fleet to move blacklisted Russian LNG is expected to expand amid growing clandestine ...
Wärtsilä continues to strengthen its market leadership in cargo handling and fuel gas supply systems
Categories: News Flash
Date: Oct 19, 2024
Wärtsilä Gas Solutions, part of technology group Wärtsilä, has been contracted to supply the c...
MHI Receives Order to Supply MOX Fuel Assemblies for Unit 3 of Genkai Nuclear Power Station, Kyushu Electric Power Co. Inc.
Categories: News Flash
Date: Oct 19, 2024
Mitsubishi Heavy Industries, Ltd. (MHI) has received an order from Kyushu Electric Power Co. Inc. (K...
Mindanao Container Terminal welcomes new Evergreen, Wan Hai Lines joint service
Categories: News Flash
Date: Oct 19, 2024
Mindanao Container Terminal (MCT), International Container Terminal Services, Inc.’s (ICTSI) opera...
TecPlata handles Argentina’s 1st carbon-neutral container
Categories: News Flash
Date: Oct 19, 2024
TecPlata achieved a new milestone with its handling of the first carbon-neutral container in Argenti...
PSA Celebrates Groundbreaking for its New Supply Chain Hub, Pioneering an Integrated Logistics Ecosystem in Singapore
Categories: News Flash
Date: Oct 19, 2024
PSA Singapore (PSA) has unveiled the PSA Supply Chain Hub @ Tuas (PSCH), a central part of its strat...
Two-way traffic lifts standards of efficiency at APM Terminals Gothenburg
Categories: News Flash
Date: Oct 19, 2024
Working in the midst of a massive port expansion project APM Terminals Gothenburg has remained nimbl...
DHL expands contract logistics portfolio to the UAE to address increasing demand for specialized end-to-end supply chain services
Categories: News Flash
Date: Oct 19, 2024
In line with DHL's commitment to delivering unparalleled end-to-end supply chain solutions to custom...