News Flash
UN Adopts Landmark High Seas Conservation Treaty
Categories: News Flash
Date: Jun 20, 2023
After two decades of negotiation, the United Nations has finally adopted a marine biodiversity trea...
Gasoil cash premiums extend rally for the ninth session on high demand
Categories: News Flash
Date: Jun 20, 2023
Asia’s 10ppm sulfur gasoil spot cash premiums (GO10-SIN-DIF) firmed for a ninth consecutive sessi...
Should gas resource holders target LNG exports or blue ammonia?
Categories: News Flash
Date: Jun 20, 2023
As Europe moves away from Russian gas and Asia reduces its dependency on coal, demand and investmen...
Iron ore dragged down by falling steel prices
Categories: News Flash
Date: Jun 20, 2023
Dalian and Singapore iron ore futures fell on Monday after last week’s gains, weighed down by sof...
First tanker loads after restart of Equinor’s Hammerfest LNG plant
Categories: News Flash
Date: Jun 20, 2023
A liquefied natural gas (LNG) tanker loaded cargo from Equinor’s EQNR.OL Hammerfest LNG plant in ...
S.Korea’s shipyards get the OK from shipping companies to delay vessel delivery
Categories: News Flash
Date: Jun 20, 2023
South Korean shipbuilders are breathing a sigh of relief despite the postponed delivery of their co...
Momentum grows for Clean Energy Marine Hubs with Global Centre for Maritime Decarbonisation joining the initiative
Categories: News Flash
Date: Jun 20, 2023
Momentum for the Clean Energy Marine Hubs (CEM Hubs) continues to grow with the Global Centre for M...
The baltic index falls on lower capesize rates
Categories: News Flash
Date: Jun 20, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Sanctions stigma proves troubling for ship owners lightering Iranian crude off USGC
Categories: News Flash
Date: Jun 20, 2023
The Suez Rajan, carrying Iranian-grade crude oil, is currently at anchor off the US Gulf Coast afte...
Greenpeace Blockades Tanker Shipment of Wastewater From Norway
Categories: News Flash
Date: Jun 19, 2023
On Sunday, four activists from Greenpeace Nordic briefly delayed a tanker carrying wastewater from ...
China, South Korea Reach Deal to Curb China's, Illegal-Fishing Fleet
Categories: News Flash
Date: Jun 19, 2023
China and South Korea have agreed to work together in curbing the longstanding problem of IUU (Ille...
Archaeologists Plan to Raise Ancient Hand-Sewn Vessel off Croatia
Categories: News Flash
Date: Jun 19, 2023
Marine archaeologists are preparing to raise a hand-sewn boat dating back over 3,200 years from the...
China’s port throughput boosted by foreign trade growth
Categories: News Flash
Date: Jun 19, 2023
hopped on an elevator to reach his workstation 50 meters above the ground and started the day of ...
UAE’s Fujairah marine fuel sales hit four-month highs in May
Categories: News Flash
Date: Jun 19, 2023
Sales of marine fuel, also known as bunker fuel, hit four-month highs in May at the UAE’s Fujaira...
Supertanker rate roller coaster: Surprise spike to $91,000 per day
Categories: News Flash
Date: Jun 19, 2023
The supertanker business has a reputation for being one of the most volatile freight markets in the...
For ILWU, West Coast port deal to be union-ratified, here’s what has to happen next
Categories: News Flash
Date: Jun 19, 2023
West Coast port management and the labor union representing port workers reached a tentative deal l...
CargoShare Looking to transform the Chartering Procedure
Categories: News Flash
Date: Jun 19, 2023
CargoShare is a software solution that aims to bring innovation to the maritime industry by transfo...
Asian spot LNG prices rise to a 3-month high tracking European prices.
Categories: News Flash
Date: Jun 19, 2023
Asian spot liquefied natural gas (LNG) prices reversed their multi-week downward trend and rose to ...
Asia-US container rates pull back; USWC ports, dockworkers agree to a new deal
Categories: News Flash
Date: Jun 19, 2023
Shipping container rates from East Asia and China to the US pulled back after surging last week, We...
Hundreds Feared Dead in Migrant Boat Sinking Off Greece
Categories: News Flash
Date: Jun 16, 2023
About 104 people have been rescued, 78 have been confirmed dead and hundreds more are missing after...
LNG Will Be the Most Affordable Compliance Option for EU GHG Rules
Categories: News Flash
Date: Jun 16, 2023
LNG has its critics in environmental circles, but its fiscal attractiveness is clear, according to ...
Mitsui O.S.K. Lines, Ltd. (MOL) makes strategic investment in Ascension Clean Energy Leading global shipping company’s latest shareholder in the planned Louisiana clean hydrogen-ammonia production facility
Categories: News Flash
Date: Jun 16, 2023
MOL Clean Energy, US, LLC (“MCE”), a 100% subsidiary of Mitsui O.S.K. Lines, Ltd. (MOL), and Cl...
People, Technology, Sustainability, and Partnership at the heart of the Columbia Group launch
Categories: News Flash
Date: Jun 16, 2023
The launch of the Columbia Group is an exciting milestone in its journey to create a stronger, more...
Tentative US West Coast port contract deal reached, union and Employers say
Categories: News Flash
Date: Jun 16, 2023
The Longshore union and employers of 22,000 dockworkers at U.S. West Coast ports on Wednesday said ...
VLSFO firms despite the recent Al Zour tender
Categories: News Flash
Date: Jun 16, 2023
Asia’s very-low sulfur fuel oil (VLSFO) market strengthened on Thursday, despite a term tender is...
Baltic index extends gains on stronger vessel rates
Categories: News Flash
Date: Jun 16, 2023
The Baltic Exchange’s main sea freight index rose for a tenth straight session on Thursday, suppo...
Bangladesh seeks 9 LNG cargoes for the second half of the year – official
Categories: News Flash
Date: Jun 16, 2023
Bangladesh plans to buy nine cargoes of liquefied natural gas (LNG) from the spot market for the se...
Supertanker freight rates jump as Mideast crude exports to Asia rise
Categories: News Flash
Date: Jun 16, 2023
The costs of chartering supertankers to move crude oil from the Middle East to Asia have jumped to ...
Safer pilot transfers are still needed according to The BMA
Categories: News Flash
Date: Jun 16, 2023
Despite the success of the Concentrated Inspection Campaign (CIC) for pilot transfer arrangements i...
Vela unveils its unique sailing cargo trimaran: an innovative ship for 100% wind powered transportation
Categories: News Flash
Date: Jun 15, 2023
VELA, committed to the decarbonization of the maritime freight industry, has proudly unveiled t...
Port of Long Beach Sees Progress in May
Categories: News Flash
Date: Jun 15, 2023
The Port of Long Beach in May reached its strongest month so far in 2023, raising mid-year hopes of...
Growth in global oil demand is set to slow significantly by 2028
Categories: News Flash
Date: Jun 15, 2023
Growth in the world’s demand for oil is set to slow almost to a halt in the coming years, with th...