News Flash
Iron ore flat as China steel curb woes offset optimism around stimulus hopes.
Categories: News Flash
Date: Jul 07, 2023
Iron ore futures struggled for firm direction on Thursday, as worries about steel production curbs ...
OPEC upbeat over 2024 oil demand outlook despite the slowdown
Categories: News Flash
Date: Jul 07, 2023
OPEC will likely maintain an upbeat view on oil demand growth for next year when it publishes its f...
Arab Maritime Petroleum Transport Company Partners with StormGeo for Enhanced Environmental Performance and Compliance
Categories: News Flash
Date: Jul 07, 2023
Arab Maritime Petroleum Transport Company (AMPTC) has implemented StormGeo’s cutting-edge environ...
Romanian port key for Ukraine grain faces overflow as Black Sea deal on edge
Categories: News Flash
Date: Jul 07, 2023
Ukraine’s on-off Black Sea grain deal has made the nearest port of Constanta in neighboring Roman...
Erma First Launches Flexcap for Improved CII And EEXI Performance
Categories: News Flash
Date: Jul 07, 2023
ERMA FIRST, a globally leading sustainable maritime solutions provider, has launched a new energy-s...
Baleària plans to stop emitting almost 80,000 tonnes of CO2 by the end of the year thanks to the use of natural gas
Categories: News Flash
Date: Jul 07, 2023
In recent weeks, Baleària has increased the consumption of natural gas on its ten dual-engined shi...
Baltic index steady as larger vessels snap losing streak
Categories: News Flash
Date: Jul 07, 2023
The Baltic Exchange’s main sea freight index was little changed on Thursday as the capesize and P...
Global liquefied natural gas trade volumes set a new record in 2022
Categories: News Flash
Date: Jul 06, 2023
In 2022, global trade in liquefied natural gas (LNG) set a record high, averaging 51.7 billion cubi...
$19 billion in trade stranded on water as Canada’s West Coast labor negotiations hit pause
Categories: News Flash
Date: Jul 06, 2023
After a fourth day of negotiations, the British Columbia Maritime Employers Association told CNBC t...
ZeroNorth contributes to Vessel Emissions Reporting Standard released by Energy LEAP to meet existing regulatory requirements
Categories: News Flash
Date: Jul 06, 2023
Technology company ZeroNorth and Energy LEAP, a strategic alliance between energy majors, together ...
Iran’s LPG exports reach record high of 973,060 mt in May
Categories: News Flash
Date: Jul 06, 2023
Iran’s LPG exports loading in May were estimated at around 973,260 mt, about a third above April-...
US June LNG exports fall 10% on maintenance cuts, weaker demand.
Categories: News Flash
Date: Jul 06, 2023
U.S. exports of liquefied natural gas fell 10% in June to 6.82 million tonnes (MT), from 7.58 MT th...
Asia Fuel Oil-HSFO retains strength, tenders underway.
Categories: News Flash
Date: Jul 06, 2023
Asia’s high-sulfur fuel oil (HSFO) market extended gains on Wednesday as stronger bids emerged, e...
Costamare Inc. Appoints New Chief Commercial Officer Monaco
Categories: News Flash
Date: Jul 06, 2023
Costamare Inc. has appointed Peter Lund as Chief Commercial Officer. He is expected to take up his ...
We can maximize the use of Chabahar Port after Iran’s SCO membership: PM Modi
Categories: News Flash
Date: Jul 06, 2023
Prime Minister Narendra Modi Tuesday said the members of the Shanghai Cooperation Organization can ...
From Los Angeles to Shanghai, the port cities are collaborating to cut shipping emissions.
Categories: News Flash
Date: Jul 06, 2023
Shipping is responsible for 3% of global greenhouse gas emissions, far less than road transport. Bu...
The baltic index falls to 1-month low on waning vessel demand
Categories: News Flash
Date: Jul 06, 2023
The Baltic Exchange’s main sea freight index.BADI fell to its lowest in one month on Wednesday as...
Seafarers’ welfare organizations come together to address abuse, bullying, and harassment at sea.
Categories: News Flash
Date: Jul 05, 2023
A coalition of UK-based organizations concerned about seafarers’ welfare has come together to add...
Russia sees no grounds to renew grain deal – foreign ministry.
Categories: News Flash
Date: Jul 05, 2023
Russia sees no basis for renewing the Black Sea grain deal, the Russian foreign ministry said on Tu...
AI-based project to optimize vessel performance forecasting concludes testing.
Categories: News Flash
Date: Jul 05, 2023
Maritime technology company Yara Marine Technologies, Artificial Intelligence (AI) application deve...
The joint research team from Korea and Germany seeks to enhance the production efficiency of fuel cells with laser machining technology.
Categories: News Flash
Date: Jul 05, 2023
Fuel cells used for vessels and airplanes are becoming increasingly lighter to improve efficiency, ...
NYK joins GCMD as the first Japan-headquartered strategic partner to accelerate shipping’s decarbonization.
Categories: News Flash
Date: Jul 05, 2023
The Global Centre for Maritime Decarbonization (GCMD) and Nippon Yusen Kabushiki Kaisha (NYK) annou...
Treaty to continue toxic business-as-usual on the beaches of South Asia while undermining efforts for reform
Categories: News Flash
Date: Jul 05, 2023
The International Maritime Organisation’s (IMO) Hong Kong International Convention for the Safe a...
Global shipping poised to get new emissions-fighting Strategy
Categories: News Flash
Date: Jul 05, 2023
Humanity is in dangerous waters on climate,” UN Secretary-General António Guterres said in a vid...
Okeanis Eco Tankers Corp. – $113 Million Term Loan Facility
Categories: News Flash
Date: Jul 05, 2023
Okeanis Eco Tankers Corp. announced the closing of a new $113 million senior secured cred...
Brazil’s oil output up 1.9% in May, the regulator says
Categories: News Flash
Date: Jul 05, 2023
Brazil’s oil production rose 1.9% in May from the previous month to 3.2 million barrels of oil pe...
Baltic index hits multi-week low on retreat for larger vessels
Categories: News Flash
Date: Jul 05, 2023
The Baltic Exchange’s main sea freight index on Tuesday fell to its lowest level in nearly four w...
Panama Canal commemorates seventh anniversary of the Neopanamax Locks
Categories: News Flash
Date: Jul 04, 2023
On June 26, 2016, thousands of people observed the beginning of a new era for the country with the ...
Shipping faces showdown over greenhouse gases
Categories: News Flash
Date: Jul 04, 2023
The shipping industry is under growing pressure to dramatically curb planet-warming emissions from ...
Alma Clean Power announces breakthrough in direct ammonia fuel cells
Categories: News Flash
Date: Jul 04, 2023
Alma Clean Power successfully tests world’s first 6 kW direct ammonia fuel cell system. The accom...
Energy security back on the menu for Asian importers after Russia unrest
Categories: News Flash
Date: Jul 04, 2023
The attempted military coup in Russia has resurfaced energy security concerns among Asian oil and g...
Russia to cut oil exports by 500,000 bpd in August, oil rises
Categories: News Flash
Date: Jul 04, 2023
Russia will cut oil exports by 500,000 barrels per day (bpd) in August, President Vladimir Putin’...