News Flash
Green shipping must be economically sustainable too: Singapore Foreign Minister Vivian Balakrishnan
Categories: News Flash
Date: Sep 25, 2023
Singapore is doing its bit for ocean conservation and sees such efforts as critical to being able t...
Why is the sea so hungry?
Categories: News Flash
Date: Sep 25, 2023
In the 1980s and early 1990s, the world’s merchant fleet lost 130 bulk carriers, in some tragic c...
Shipping: China export rebound doesn’t mean that the halcyon days are back
Categories: News Flash
Date: Sep 25, 2023
A recent bump in shares of Asian shipping companies was spurred by optimism that Chinese exports co...
China: Shipbuilding production, orders surge
Categories: News Flash
Date: Sep 25, 2023
China’s shipbuilding industry recorded sound development in the first eight months, with robust g...
How will marine underwriters capture the benefits of digitalisation?, asks IUMI
Categories: News Flash
Date: Sep 25, 2023
Digitalisation is making significant inroads into many aspects of global shipping and marine insura...
Houston-Japan VLGC freight rates reach multi-year high amid Panama Canal-related delays
Categories: News Flash
Date: Sep 25, 2023
VLGC freight rates from Houston to Chiba, Japan, reached $245/mt Sept. 21 for the first time since ...
Morgan Stanley ups Brent forecasts on Saudi-Russia cuts, says $100/bbl ‘stretched’
Categories: News Flash
Date: Sep 22, 2023
Morgan Stanley has raised its Brent oil price forecasts, saying the market could remain under-suppl...
Russia mulls extra tax for some commodities exports, including metals
Categories: News Flash
Date: Sep 22, 2023
Russia is considering imposing an additional tax tied to the rouble-dollar rate on exports of metal...
Joint Development of AI-Powered Automatic Draft Survey Application
Categories: News Flash
Date: Sep 22, 2023
Kawasaki Kisen Kaisha, Ltd. (“K” LINE), TIS Inc. (“TIS”), and Miotsukushi Analytics Inc. (...
COSCO SHIPPING signs Memorandum of Cooperation on the Construction of a Green Methanol Industrial Chain
Categories: News Flash
Date: Sep 22, 2023
On September 20, China COSCO SHIPPING Corporation Limited (COSCO Shipping), State Power Investment ...
Tanker involved in US seizure of Iran oil cargo changes name
Categories: News Flash
Date: Sep 22, 2023
An oil tanker confiscated by the United States for carrying Iranian oil and diverted to the U.S. Gu...
Asia Fuel Oil-VLSFO dips after recent gains; Singapore inventories climb
Categories: News Flash
Date: Sep 22, 2023
Asia’s very low sulphur fuel oil (VLSFO) market eased on Thursday after earlier gains in the week...
Russia cuts September seaborne diesel exports to meet domestic shortage
Categories: News Flash
Date: Sep 22, 2023
Russia cut its seaborne diesel and gasoil exports by nearly 30% to about 1.7 million metric tons in...
Baltic index snaps 11-session rally as rates for larger vessels ease
Categories: News Flash
Date: Sep 22, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Shipping’s move to net zero is welcome but new risks must be understood and insured, says IUMI President
Categories: News Flash
Date: Sep 22, 2023
IMO’s recent strengthening of its environmental ambitions heralds a significant turning point for...
Samsung Heavy develops laser high-speed welding robot for LNG vessels
Categories: News Flash
Date: Sep 22, 2023
South Korea’s Samsung Heavy Industries said on Thursday that it has developed the maritime sector...
Ships ready to export Ukrainian grain but Russian SWIFT access, insurance remain issues
Categories: News Flash
Date: Sep 21, 2023
Exports of grain from Ukraine are ready to restart using a temporary corridor, with the first dry b...
Iron ore drifts higher, but China property woes limit upside
Categories: News Flash
Date: Sep 21, 2023
Iron ore futures edged higher on Wednesday after trading in a tight range, as signs of economic sta...
China’s fuel oil imports ease for second straight month in August
Categories: News Flash
Date: Sep 21, 2023
China’s fuel oil imports retreated for a second consecutive month in August, data from the Genera...
Asia Fuel Oil-HSFO extends slide; China imports ease
Categories: News Flash
Date: Sep 21, 2023
Asia’s high sulphur fuel oil (HSFO) market extended declines on Wednesday, while latest customs d...
Baltic index rises for 11th straight session on strong vessel rates
Categories: News Flash
Date: Sep 21, 2023
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk comm...
Russian energy ministry to take “measures” against grey exports of fuel – Ifx
Categories: News Flash
Date: Sep 21, 2023
Russian energy ministry said on Wednesday it would take “radical” measures to stop the “grey ...
Bureau Veritas Invests in Software Innovator OrbitMI to Propel Performance in the Maritime Industry
Categories: News Flash
Date: Sep 21, 2023
Bureau Veritas, a world leader in testing, inspection, and certification services, and OrbitMI, the...
Japan’s exports extend declines as China slowdown bites
Categories: News Flash
Date: Sep 21, 2023
Japan’s exports fell in August for a second straight month, weighed by declines in China’s dema...
Economic growth target within reach, say intl experts
Categories: News Flash
Date: Sep 21, 2023
Green shoots indicating a pick up in economic momentum in August have increased the confidence of i...
Latsco has contracted three 64,000 DWT ultramax bulkers in Oshima Shipbuilding, Japan
Categories: News Flash
Date: Sep 21, 2023
After the Group’s first move in dry cargo in 2016 when it acquired four second hand supramaxes, n...
WTI price surge curbs US oil flows to Europe, Asia
Categories: News Flash
Date: Sep 20, 2023
A sudden surge in U.S. West Texas Intermediate crude prices that pulled Brent higher has shut off a...
MISC & Νissen Κaiun enter into a new partnership agreement
Categories: News Flash
Date: Sep 20, 2023
MISC Berhad (MISC) has entered into a new partnership agreement with Japanese ship owner, Nissen Ka...
KPI OceanConnect and Uni-Tankers collaborate on successful biofuel trial
Categories: News Flash
Date: Sep 20, 2023
Uni-Tankers, a leading tanker shipping company, and KPI OceanConnect, a leading global marine energ...
Asia Fuel Oil-HSFO margin slides to five-month lows
Categories: News Flash
Date: Sep 20, 2023
Asia’s refining margin for 380-cst high sulphur fuel oil (HSFO) slipped to five-month lows on Tue...
Vopak reaches agreement with Infracapital on the sale of its chemical terminals in Rotterdam
Categories: News Flash
Date: Sep 20, 2023
Vopak announces that it has reached an agreement with Infracapital on the sale of its three chemica...
Iron ore extends decline on higher domestic supply, demand concerns
Categories: News Flash
Date: Sep 20, 2023
Iron ore futures extended declines on Tuesday as mounting domestic supply and persistent demand con...