News Flash
GMS Week 26 – SUMMER LULL(ING)!
Categories: News Flash
Date: Jul 03, 2023
Ongoing Eid holidays and a serious lack of tonnage have meant a much quieter week in the ship-recyc...
IMO makes little headway on the building blocks towards an equitable and climate aligned GHG strategy
Categories: News Flash
Date: Jul 03, 2023
The fifteenth Intersessional Working Group on Greenhouse Gases (ISWG GHG 15) that concluded today, ...
Tankers: A Quiet Week For VLCCs
Categories: News Flash
Date: Jul 03, 2023
LR2 MEG LR2’s have fluctuated up and down this week as the region has had to deal with the Eid...
Dry Bulk Market: Capesize Market in Mixed Mode
Categories: News Flash
Date: Jul 03, 2023
Capesize Throughout the week, the Capesize market experienced mixed dynamics. Monday began with ...
Slow tanker fleet growth, robust crude trade signal strong H2 2023 freight outlook
Categories: News Flash
Date: Jul 03, 2023
Surging Chinese oil demand, a lingering war in Ukraine, record-low order book and robust crude trad...
Schedule Reliability Reaches Three-Year High with Blank Sailings Down
Categories: News Flash
Date: Jul 01, 2023
Schedule reliability for the global container shipping industry continues its rebound from the dept...
India Gives Vietnam a Warship in Response to China’s Regional Actions
Categories: News Flash
Date: Jul 01, 2023
Ten days after India announced its intention to give Vietnam a warship, the 32-year-old missile cor...
Level playing field between EU ports and within the maritime logistics chain must remain a priority
Categories: News Flash
Date: Jul 01, 2023
The importance of harmonized implementation of “Fit for 55” proposals and more particularly AFI...
Dutch and Belgian shipowners call for clear signal from IMO: decide now on the route to zero
Categories: News Flash
Date: Jul 01, 2023
Next week, the 80th meeting of the IMO’s Marine Environment Protection Committee (which focuses s...
Ports have a vital role to play in the fight against greenhouse gas emissions
Categories: News Flash
Date: Jul 01, 2023
The shipping industry is undergoing a transformative shift towards sustainability and the Internati...
US dollar share of global reserves edges up in first quarter, euro’s share dips, IMF says
Categories: News Flash
Date: Jul 01, 2023
The U.S. dollar’s share of currency reserves reported to the International Monetary Fund rose in ...
Asia Fuel Oil-Cash differentials steady; inventories rise across key hubs
Categories: News Flash
Date: Jul 01, 2023
Cash differentials for fuel oil held steady in Asia amid thin trade on Friday, while onshore invent...
Russia’s top diplomat Lavrov sees no reason to extend grain deal
Categories: News Flash
Date: Jul 01, 2023
Russia saidon Friday it saw no reason to extend the Black Sea grain deal beyond July 17 because the...
Retreat across vessels drags Baltic dry index to worst week in four
Categories: News Flash
Date: Jul 01, 2023
The Baltic exchange’s main sea freight index .BADI recorded its worst week in four on Friday drag...
Global container freight stuck in doldrums
Categories: News Flash
Date: Jul 01, 2023
Global trade remained in the doldrums during the second quarter as China’s post-lockdown rebound ...
Japan’s Classification Society ClassNK for Ammonia and LCO2 Carrier
Categories: News Flash
Date: Jun 30, 2023
Mitsubishi Shipbuilding Co., Ltd., a part of the Mitsubishi Heavy Industries (MHI) Group, and Nippo...
Pace CCS and deepC Store submit CO2 shipping supply specification to the Australian Government
Categories: News Flash
Date: Jun 30, 2023
deepC Store (“dCS”) has submitted the CO₂ supply specification for CStore1, dCS’s floating ...
SEA-LNG coalition calls on IMO to regulate all GHG emissions on a full lifecycle basis
Categories: News Flash
Date: Jun 30, 2023
Clear and consistent regulation is key to driving maritime decarbonisation. With this in mind, and ...
Navigating the Seas of Change: A Global Energy Conference Drives Insight and Empowers Industry Professionals
Categories: News Flash
Date: Jun 30, 2023
GRM (Global Risk Management) and Baseblue are thrilled to announce the successful conclusion of the...
Baltic index extends retreat as vessel demand slips
Categories: News Flash
Date: Jun 30, 2023
The Baltic Exchange’s main sea freight index extended decline for a fourth straight session on Th...
EPA Settles with Shipping Companies over Claims of Clean Water Act Violations
Categories: News Flash
Date: Jun 30, 2023
The U.S. Environmental Protection Agency (EPA) has settled with two shipping companies over claims ...
Diana Shipping Inc. Announces Signing and Drawdown of a US$100 Million Term Loan Facility With DNB Bank ASA and a US$22.5 Million Term Loan Facility With Nordea Bank to Refinance Existing Loan Facilities
Categories: News Flash
Date: Jun 30, 2023
Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-i...
Libra’s Logothetis swoops on fuel tech pioneer SulNOx
Categories: News Flash
Date: Jun 30, 2023
The board of directors of the Company (the “Board”) is pleased to announce that yesterday, foll...
Xeneta: Long-Term Ocean Freight Rates Fall Again, With Almost 50% Drop In Key Pricing Benchmark Across Last Three Months
Categories: News Flash
Date: Jun 30, 2023
The beleaguered carrier industry took another major hit in June, with the latest data from Xeneta...
Fewer Deals in the Second-Hand Market During the Second Quarter of 2023
Categories: News Flash
Date: Jun 30, 2023
Activity in the second-hand vessel market has been lackluster over the past few months, as a result...
Container shipping is now “maxed out” claims a leading shipping analyst
Categories: News Flash
Date: Jun 29, 2023
With record deliveries of container ships expected this year and next, most analysts have predicted...
The national hydrogen network begins in Rotterdam
Categories: News Flash
Date: Jun 29, 2023
Gasunie has made the investment decision for the first part of a nationwide hydrogen network. This ...
China’s Shandong begins releasing oil stranded at ports after inspections, sources say
Categories: News Flash
Date: Jun 29, 2023
China’s Shandong refining hub has begun releasing millions of barrels of oil that were stuck at p...
Low water again hampers Rhine River shipping in Germany
Categories: News Flash
Date: Jun 29, 2023
Low water levels after recent dry weather are again preventing cargo vessels from sailing fully loa...
Two routes between Bilbao and the United Kingdom were identified as green shipping corridors for the decarbonization of shipping
Categories: News Flash
Date: Jun 29, 2023
The report ‘Green shipping corridors in and out of Spain: assessing route-based opportunities’,...
DNV R&D Forum showcases the latest technologies and advancements in shipping
Categories: News Flash
Date: Jun 29, 2023
DNV hosted a highly anticipated research and development (R&D) Forum, inviting stakeholders fro...
UECC collaborates with GoodFuels and NYK to slash carbon emissions with sustainable biofuel
Categories: News Flash
Date: Jun 29, 2023
United European Car Carriers (UECC), the leading provider of sustainable short sea ro-ro transporta...