News Flash
GAC expands operations in Germany
Categories: News Flash
Date: Jan 01, 2024
GAC Germany, a leading provider of shipping and logistics services in Northern Europe, is set to op...
APM Terminals Japan to join growing network offering green methanol bunkering
Categories: News Flash
Date: Jan 01, 2024
The City of Yokohama, Mitsubishi Gas Chemical (MGC) and Maersk have signed a Memorandum of Understa...
Dalian iron ore gains 55% in 2023 on China stimulus measures
Categories: News Flash
Date: Jan 01, 2024
Dalian iron ore futures ended 2023 with 55.1% jump, driven by stimulus measures in China, while the...
Indian Register of Shipping reflects on 2023 and charts course for 2024 – towards a more sustainable future
Categories: News Flash
Date: Dec 29, 2023
The Indian Register of Shipping (IRS) has made significant progress throughout the year 2023. The o...
WAF VLCC rates drop to near two-month lows amid Christmas fixing lull
Categories: News Flash
Date: Dec 29, 2023
Freight rates for Very Large Crude Carrier voyages loading in West Africa have fallen to near their...
China aims to build more than half the world’s cleaner-fuel ships by 2025
Categories: News Flash
Date: Dec 29, 2023
China has set itself the goal of producing more than half of the world’s shipspowered by cleaner ...
Red Sea Crisis Could Further Limit Ship Recycling Activity
Categories: News Flash
Date: Dec 29, 2023
The rise in freight rates, as a result of the crisis in the Red Sea, is expected to incentivize own...
Bulk carrier hits mine in Black Sea, two people injured, Ukraine says
Categories: News Flash
Date: Dec 29, 2023
A Panama-flagged bulk carrier that was headed to a River Danube port to load grain hit a Russian mi...
Clean-up begins after Maersk loses shipping containers in North Sea
Categories: News Flash
Date: Dec 29, 2023
Debris has washed up on beaches along Denmark’s North Sea shoreline after a Maersk container ship...
Shipbuilding Activity Focuses Eastwards
Categories: News Flash
Date: Dec 29, 2023
Asian owners have been more active in the newbuilding market during the Festive period. In its late...
Techano: Awarded offshore crane contract
Categories: News Flash
Date: Dec 29, 2023
Nekkar’s subsidiary Techano Oceanlift has been awarded a contract by Sefine Shipyard to deliver a...
Attack on a ship off India’s west coast can raise war risk premiums as security tightens
Categories: News Flash
Date: Dec 29, 2023
India has deployed missile destroyers in the Arabian Sea following the drone attack on a chemicals ...
Fuel Cells Are Here To Decarbonise 15% Of The Global Fleet, Now
Categories: News Flash
Date: Dec 29, 2023
Fuel cells are ready to take on the heavy lifting of decarbonisation. There is a new generation of ...
Asia LNG prices hit 4-month low despite supply, geopolitical concerns
Categories: News Flash
Date: Dec 27, 2023
Asian spot liquefied natural gas (LNG) prices hit their lowest level in over four months this week ...
Dalian iron ore extends rally on positive state bank developments
Categories: News Flash
Date: Dec 27, 2023
Dalian iron ore futures rose for the fourth straight session and recorded their best day in two mon...
Higher Shipping Freight Rates to Offset Costs of Re-Routing from Suez
Categories: News Flash
Date: Dec 27, 2023
Re-routing ships around Africa and away from the Suez Canal following attacks on commercial vessels...
Global retailers, goods facing disruption risks from Red Sea attacks
Categories: News Flash
Date: Dec 27, 2023
Global retailers selling apparel, household staples and white goods face bigger risks from disrupti...
Panama Canal has seen no traffic increase amid attacks in Red Sea
Categories: News Flash
Date: Dec 27, 2023
The Panama Canal Authority said on Thursday it has not seen a notable traffic increase due to thesi...
Hapag-Lloyd announces extra fees as Red Sea attacks hit trade
Categories: News Flash
Date: Dec 27, 2023
Germany’s Hapag-Lloyd joined rivals on Friday in announcing surcharges for cargo it transports to...
Asia Fuel Oil-Spot premiums dip; Kuwait sells HSFO from Al Zour
Categories: News Flash
Date: Dec 27, 2023
Spot fuel oil premiums eased slightly on Friday, while Kuwait’s KPC recently sold high sulphur fu...
US Gulf Coast LNG freight rates sink to multi-month lows
Categories: News Flash
Date: Dec 27, 2023
LNG freight rates out of the US Gulf Coast have fallen to their lowest levels since August as a lac...
Maersk imposes container surcharge due to diversion from Red Sea
Categories: News Flash
Date: Dec 27, 2023
Denmark’s Maersk MAERSKb.CO will impose extra charges on container transport from Asia following ...
Logothetis leads new funding for SulNOx
Categories: News Flash
Date: Dec 27, 2023
Constantine Logothetis has once again led further investment in UK-listed fuel additives group SulN...
Baltic index falls for third week on weaker rates across segments
Categories: News Flash
Date: Dec 27, 2023
The Baltic Exchange’s dry bulk sea freight index edged up on Friday but declined for the third co...
How could Red Sea attacks affect oil and gas shipping?
Categories: News Flash
Date: Dec 26, 2023
Several shipping companies and a few liquefied (LNG) tankers have decided to avoid the world’s ma...
MHSS Seafarer Survey Highlights Connectivity Concerns as Top Priority During Holiday Season
Categories: News Flash
Date: Dec 26, 2023
Seafarers’ fears over connectivity issues over the holiday season have been revealed in a recent ...
Baltic index falls for third week on weaker rates across segments
Categories: News Flash
Date: Dec 26, 2023
The Baltic Exchange’s dry bulk sea freight index edged up on Friday but declined for the third co...
Dalian iron ore extends rally on positive state bank developments
Categories: News Flash
Date: Dec 26, 2023
Dalian iron ore futures rose for the fourth straight session and recorded their best day in two mon...
Maersk imposes container surcharge due to diversion from Red Sea
Categories: News Flash
Date: Dec 26, 2023
Denmark’s Maersk MAERSKb.CO will impose extra charges on container transport from Asia following ...
ClassNK issues approval in principle (AiP) for MOL’s FSRU
Categories: News Flash
Date: Dec 26, 2023
ClassNK has issued an Approval in Principle (AiP) for an Ammonia FSRU (Ammonia Floating Storage and...
Asia LNG prices hit 4-month low despite supply, geopolitical concerns
Categories: News Flash
Date: Dec 26, 2023
Asian spot liquefied natural gas (LNG) prices hit their lowest level in over four months this week ...
Panama Canal has seen no traffic increase amid attacks in Red Sea
Categories: News Flash
Date: Dec 26, 2023
The Panama Canal Authority said on Thursday it has not seen a notable traffic increase due to thesi...