News Flash
Asia Fuel Oil-VLSFO cash premium hits 10-week low, timespreads narrow
Categories: News Flash
Date: Dec 08, 2023
Asia’s cash premium 0.5% very low sulphur fuel oil (VLSFO) fell to a 10-week low on Thursday, whi...
UN ship agency adopts tougher resolution to tackle illicit ‘shadow’ fleet
Categories: News Flash
Date: Dec 08, 2023
The United Nations’ shipping agency on Wednesday adopted a resolution targeting illicit shipping ...
Maersk to deploy first large methanol-enabled vessel on Asia – Europe trade lane
Categories: News Flash
Date: Dec 08, 2023
A.P. Moller – Maersk (Maersk) is about to launch the first of its 18 large methanol-enabled vesse...
New Green Shipping Challenge Announcements at COP28: Leading the Global Energy Transition
Categories: News Flash
Date: Dec 08, 2023
Greenhouse gas emissions from the shipping sector are significant and rising. On their current traj...
Lloyd’s Register unifies its digital offering with LR OneOcean
Categories: News Flash
Date: Dec 08, 2023
Lloyd’s Register has merged its existing digital platforms under its new OneOceanLR brand, which ...
Asia Distillates-Markets record further term negotiations, more spot activity to emerge
Categories: News Flash
Date: Dec 08, 2023
Asia’s middle distillates markets recorded more term negotiations as some buyers sought first-hal...
Weaker vessel rates push Baltic index lower
Categories: News Flash
Date: Dec 07, 2023
The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk comm...
Methanol Engine Secures Bulker Orders
Categories: News Flash
Date: Dec 07, 2023
Japan’s Tsuneishi Shipbuilding Co., Ltd. has ordered 3 × MAN B&W 7G50ME-C9.6-LGIM (-Liquid G...
DNV awards AiP for world’s largest car carrier design by China Merchants
Categories: News Flash
Date: Dec 07, 2023
At the Marintec China trade fair, DNV awarded an Approval in Principle (AiP) certificate to China M...
Oil CEO says blaming the energy industry for the climate crisis ‘like blaming farmers for obesity’
Categories: News Flash
Date: Dec 07, 2023
The chief executive of UAE-based energy firm Crescent Petroleum on Tuesday claimed that blaming the...
Kalmar expands its global delivery capability with startup of electric reachstacker and Essential forklift truck production at Shanghai facility
Categories: News Flash
Date: Dec 07, 2023
Kalmar, part of Cargotec, is to begin production of its electric reachstacker and Essential forklif...
BSM is ready to go for EU ETS
Categories: News Flash
Date: Dec 07, 2023
There are only a few days to go until EU’s Emission Trading System (EU ETS) kicks in for the ship...
OceanScore sees surge of new clients for EU ETS management solution driven by industry action for compliance
Categories: News Flash
Date: Dec 07, 2023
OceanScore is seeing rapid uptake of its recently launched EU ETS management solution with over 50 ...
IAPH publishes whitepaper on the Environmental Ship Index, outlining new features, enhancements & testimonials
Categories: News Flash
Date: Dec 07, 2023
IAPH publishes special whitepaper on the Environmental Ship Index (ESI), citing testimonials from w...
Asia Fuel Oil-VLSFO stable in thin trade; bunker premiums ease
Categories: News Flash
Date: Dec 07, 2023
Asia’s 0.5% very low sulphur fuel oil (VLSFO) market was little changed amid thin trade on Wednes...
Shipping industry remains in choppy waters
Categories: News Flash
Date: Dec 07, 2023
The local shipping industry is still struggling to recover from the heavy hammering of the pandemic...
ENGINE: East of Suez Bunker Fuel Availability Outlook
Categories: News Flash
Date: Dec 06, 2023
Prompt VLSFO availability remains super tight in Singapore. Recommended lead times for the grade ra...
Sea Cargo Charter to align with new emission goals
Categories: News Flash
Date: Dec 06, 2023
The Sea Cargo Charter (SCC) will significantly revise its reporting ambition, aligning its trajecto...
Veson Nautical launches Emission Expense Settlement Workflow, enhancing its comprehensive EU ETS contract management solution
Categories: News Flash
Date: Dec 06, 2023
The new feature allows IMOS clients to easily assess their carbon exposure, calculate their emissio...
Wärtsilä enables the acceleration of marine’s transition to sustainable fuels with the introduction of four methanol engines
Categories: News Flash
Date: Dec 06, 2023
Technology group Wärtsilä will introduce another four methanol engines to its portfolio, setting ...
ABB introduces CO2e Calculator for enhanced transparency on emissions in vessel operations
Categories: News Flash
Date: Dec 06, 2023
ABB has launched a new digital tool allowing shipowners, operators, and designers to estimate the e...
Dry Bulk Market’s Rally is Making Headlines
Categories: News Flash
Date: Dec 06, 2023
The dry bulk market has logged eight consecutive increases, prior to yesterday’s halt. In its lat...
Intellian and Iridium enhance safety at sea with Global Maritime Distress and Safety System (GMDSS)
Categories: News Flash
Date: Dec 06, 2023
Intellian Technologies, Inc., the leading global technology and solutions provider for satellite co...
Clasquin: Entry Into Exclusive Negotiations With SAS Shipping Agencies Services Sàrl, Subsidiary of MSC Mediterranean Shipping Company SA
Categories: News Flash
Date: Dec 06, 2023
Mr. Yves REVOL and OLYMP, controlling shareholders of Clasquin SA (Paris: ALCLA), announce that the...
Asia Fuel Oil-Cash differentials steady as spot trading spree eases
Categories: News Flash
Date: Dec 06, 2023
Asia’s fuel oil cash differentials were little changed on Tuesday as an earlier trading spree in ...
Baltic index snaps 8-session winning streak as larger vessel rates fall
Categories: News Flash
Date: Dec 06, 2023
The Baltic Exchange’s dry Bulk Sea Freight Index .BADI, tracking rates for ships carrying dry bul...
Western Australian Government Unveils Plan for Relocation of Fremantle Port
Categories: News Flash
Date: Dec 05, 2023
Following years of intensive studies and consultations, the Western Australian (WA) government has...
Philippine Coast Guard Builds Monitoring Station on South China Sea Island
Categories: News Flash
Date: Dec 05, 2023
The Philippines Coast Guard is inaugurating a new station located in the western reaches of the dis...
Baltic index gains hit a one-and-a-half-year high on strong vessel demand.
Categories: News Flash
Date: Dec 05, 2023
The Baltic Exchange’s dry bulk sea freight index rose for the eighth consecutive session on Monda...
Pakistan becomes Party to Hong Kong ship recycling Convention.
Categories: News Flash
Date: Dec 05, 2023
Pakistan has become a Party to the Hong Kong International Convention for the Safe and Environmenta...
A.P. Møller-Maersk to invest more than USD $500 million in integrated supply chain capabilities in Southeast Asia
Categories: News Flash
Date: Dec 05, 2023
A.P. Moller-Maersk (Maersk) announced more than USD $ 500 million investment to expand its supply c...
Russia’s November seaborne diesel exports rise as ban lifted, production rises.
Categories: News Flash
Date: Dec 05, 2023
Seaborne diesel and gasoil exports from Russian ports rose 8.5% in November from a month earlier to...