News Flash
Wärtsilä hybrid propulsion solution selected for three new cargo vessels.
Categories: News Flash
Date: Dec 13, 2023
Technology group Wärtsilä will supply an integrated hybrid propulsion solution for three new self...
RightShip announces a tiered RightFLEET system to provide ship owners and managers with essential data for enhanced operations.
Categories: News Flash
Date: Dec 13, 2023
RightShip, a leading global environmental, social and governance (ESG) focused digital maritime pl...
Agreement to Develop Methanol Solution for MAN Four-Stroke Portfolio
Categories: News Flash
Date: Dec 13, 2023
MAN Energy Solutions has announced an agreement with Alfa Laval, the Swedish industrial concern, to...
X-Press Feeders plans to use green methanol for ships in Europe in Q2 2024
Categories: News Flash
Date: Dec 13, 2023
Singapore-based container shipper X-Press Feeders plans to use green methanol bunker to fuel part o...
Yemen’s Houthis claim attack on Norwegian tanker.
Categories: News Flash
Date: Dec 13, 2023
Yemen’s Houthis said on Tuesday they carried out a military operation against the Norwegian comme...
Lower vessel fair erodes Shipping Corp’s profit by 17%
Categories: News Flash
Date: Dec 13, 2023
The Bangladesh Shipping Corporation, a publicly listed state-owned shipping line, has reported a 17...
Asia Fuel Oil-VLSFO dips while HSFO steadies
Categories: News Flash
Date: Dec 13, 2023
The very low sulphur fuel oil market (VLSFO) in Asia softened on Tuesday as more arbitrage supplies...
Baltic index extends gain on strong capesize rates.
Categories: News Flash
Date: Dec 13, 2023
The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk comm...
Erik Thun puts Dynamic Drive from Berg Propulsion at the heart of fuel efficiency gains.
Categories: News Flash
Date: Dec 12, 2023
Erik Thun Group has selected Berg Propulsion’s Dynamic Drive technology to optimize efficiency on...
Shippers avoiding Red Sea transits after attacks, watching Suez Canal traffic.
Categories: News Flash
Date: Dec 12, 2023
Shippers are diverting from transiting through the Middle East and watching for any sign of increas...
ITIC suggests EU ETS will cost the shipping industry billions.
Categories: News Flash
Date: Dec 12, 2023
International Transport Intermediaries Club (ITIC) has forecasted that the cost of the European Uni...
Clarksons: Car Carrier Market At Record Highs
Categories: News Flash
Date: Dec 12, 2023
Car Carrier Trade & Transport 2023, the comprehensive annual review and outlook for the car car...
MISC’s LNG segment outlook to remain positive in 2H24, says RHB Research
Categories: News Flash
Date: Dec 12, 2023
MISC Bhd’s liquefied natural gas (LNG) outlook remains positive, and the company believes that cl...
Safety is a Catalyst for Decarbonization Innovation, ABS Chairman and CEO Tells COP28
Categories: News Flash
Date: Dec 12, 2023
“Safety is not merely a box to check but a dynamic force shaping the trajectory of our industry. ...
Wärtsilä to extend existing biogas plant to produce 45 tons of bio LNG per day.
Categories: News Flash
Date: Dec 12, 2023
Technology group Wärtsilä will supply, install, commission and start-up the biogas upgrading and ...
Asia Fuel Oil-HSFO cash differential fluctuates in volatile trade.
Categories: News Flash
Date: Dec 12, 2023
Asia’s cash differential for 380-cst high sulphur fuel oil (HSFO) has been teetering between disc...
Baltic index snaps 4-day losing streak on firm capesize rates.
Categories: News Flash
Date: Dec 12, 2023
The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk comm...
Keppel partners AM Green to explore biogenic carbon-based sustainable fuels opportunities in Asia and the Middle East
Categories: News Flash
Date: Dec 12, 2023
Keppel Corporation Limited (Keppel), through its Infrastructure Division, and AM Green, which is wh...
China’s economy has a ‘steep hill to climb’ despite positive export surprise, HSBC says
Categories: News Flash
Date: Dec 11, 2023
The Chinese economy still has a “steep hill to climb” despite a surprise pickup in exports and ...
US drillers add oil and gas rigs for fourth week in a row – Baker Hughes
Categories: News Flash
Date: Dec 11, 2023
U.S. energy firms this week added oil and natural gas rigs for a fourth week in a row for the first...
US wage growth, once an inflation risk, may now be the prop a soft landing needs
Categories: News Flash
Date: Dec 11, 2023
Federal Reserve officials will look at new wage data due out Friday to confirm what many have come ...
Asia spot LNG prices fall on continued muted demand
Categories: News Flash
Date: Dec 11, 2023
Asian spot liquefied natural gas (LNG) prices slightly fell this week on continued lack of interest...
Comfortable European gas market
Categories: News Flash
Date: Dec 11, 2023
European storage at record levelsThe European gas market couldn’t have entered the 2023/24 heatin...
APM Terminals and DP World launch Zero Emission Port Alliance at COP28
Categories: News Flash
Date: Dec 11, 2023
APM Terminals and DP World today announce the formation of the Zero Emission Port Alliance (ZEPA), ...
India turns to coal as hydro generation falls
Categories: News Flash
Date: Dec 11, 2023
India produced a record amount of electricity from coal in October to make up for a shortfall in hy...
Singapore’s PIL and DP World to decarbonize shipping with biofuel shipments
Categories: News Flash
Date: Dec 11, 2023
Singapore shipping company Pacific International Lines (PIL) and Dubai-based port operator DP World...
China Shipping Turns Green: Chinese shipbuilders adopt green tech for orders
Categories: News Flash
Date: Dec 11, 2023
The International Maritime Organization has set a goal for net-zero emissions in the shipping indus...
Shipping seeks safe waters in era of deadly geopolitics
Categories: News Flash
Date: Dec 11, 2023
As tankers, car-carriers and other merchant vessels pass through the Malacca Strait, unlit fishing ...
Baltic index extends losses on lower vessel demand
Categories: News Flash
Date: Dec 08, 2023
The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk comm...
Hayfin to acquire up to $1bn of shipping assets through Maritime Yield strategy, building on longstanding sector track record
Categories: News Flash
Date: Dec 08, 2023
Hayfin Capital Management (“Hayfin”), a leading alternative credit platform, today announces th...
China’s Nov iron ore imports stay at elevated level on improving margins
Categories: News Flash
Date: Dec 08, 2023
China’s iron ore imports in November climbed 3.4% from October, customs data showed on Thursday, ...
LNG freight rates from US Gulf Coast to NWE, Asia weaken as demand lags
Categories: News Flash
Date: Dec 08, 2023
Freight rates to ship LNG from the US Gulf Coast region to both Northwest Europe and Asia have cool...