News Flash

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ENGINE: East of Suez Bunker Fuel Availability Outlook

Categories: News Flash

Date: May 24, 2023

Singapore A source says that “demand started slow” in Singapore this week but “then picked...

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Bureau Veritas Solutions Marine & Offshore and ENGIE announce low-carbon advisory and risk management partnership for the shipping industry

Categories: News Flash

Date: May 24, 2023

Bureau Veritas Solutions Marine & Offshore, a technical advisory, asset management and assuranc...

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VLSFO market retains downside as more Al Zour supply looms

Categories: News Flash

Date: May 24, 2023

Asia’s very low sulphur fuel oil market remained under downward pressure on Tuesday, as key expor...

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Intermodal Weekly Market Report Week 20 2023 Broker’s Insight

Categories: News Flash

Date: May 24, 2023

Due to sluggish demand and massive inventories, spot LNG prices in Asia plummeted to a two-year low...

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Marlink enhances hybrid digital network solution for Polembros Shipping with Starlink

Categories: News Flash

Date: May 24, 2023

Marlink, the smart network and digital solutions company, will install the Starlink LEO service for...

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Nordic American Tankers Ltd: First Quarter Results, History in the making!

Categories: News Flash

Date: May 23, 2023

The average Time Charter Equivalent (TCE) for our spot vessels (15) during the first quarter of 202...

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‘We are not decoupling’: G-7 leaders agree on approach to ‘de-risk’ from China

Categories: News Flash

Date: May 23, 2023

Leaders of the Group of Seven agreed there’s a need to de-risk, not decouple from China, and ackn...

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SHS launches guide to support seafarer healthcare interactions

Categories: News Flash

Date: May 23, 2023

The Seafarers Hospital Society has launched a free Seafarer Health Consultation Guide to assist int...

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Mitsubishi Shipbuilding and Nihon Shipyard Launch Joint Study for Development of an Ocean-Going LCO2 Carrier

Categories: News Flash

Date: May 23, 2023

Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group and Nihon Shipyard Co., ...

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INTERCARGO reaches membership milestone

Categories: News Flash

Date: May 23, 2023

The International Association of Dry Cargo Shipowners (INTERCARGO) has reached an historic membersh...

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China’s April fuel oil imports rise further to decade-high

Categories: News Flash

Date: May 23, 2023

China’s April fuel oil imports surged further from the prior month, almost hitting a decade-high,...

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Cash premiums ease as offers soften further

Categories: News Flash

Date: May 23, 2023

Cash premiums for fuel oil fell on Monday amid thin trade, while spot offers inched lower from thei...

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U.S. Seaports Are Weathering a Numbers Hangover in Import Volumes

Categories: News Flash

Date: May 23, 2023

U.S. seaports are having a terrible year, yet are seeing something of an importing resurgence at th...

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Container shipping under pressure as peak season hopes dim

Categories: News Flash

Date: May 23, 2023

One of the earlier scenarios for container shipping’s 2023 peak season went like this: Importers ...

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World Shipping Council Releases Containers Lost at Sea Report – 2023 Update

Categories: News Flash

Date: May 23, 2023

The World Shipping Council (WSC) has released its annual report on containers lost at sea, reve...

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Navy honors a champion sailor

Categories: News Flash

Date: May 22, 2023

The Navy rolled out the red carpet for Champion sailor Commander Abhilash Tomy (retd), who finished...

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MSC Sets New Record: Container Fleet Surges to Impressive 5 Million TEU Capacity

Categories: News Flash

Date: May 22, 2023

MSC successfully overtook Maersk and emerged as the world’s largest container carrier 16 months a...

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Remains of the Chinese fishing vessel located by Indian naval aircraft

Categories: News Flash

Date: May 22, 2023

The Indian Navy's P8I Maritime patrol aircraft located a Chinese fishing vessel that capsized ...

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US and allied naval commanders in Mideast transit Strait of Hormuz, in show of force against Iran

Categories: News Flash

Date: May 22, 2023

The Mideast-based commanders of the U.S., British and French navies transited the Strait of Hormuz ...

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Why ports matter for the global economy

Categories: News Flash

Date: May 22, 2023

Since the start of maritime trade, ports have played a central role in the economic and social deve...

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HMM Enters Acquisition Race for Hyundai LNG Shipping

Categories: News Flash

Date: May 22, 2023

HMM, a South Korean shipping giant, has joined the race to acquire Hyundai LNG Shipping, the countr...

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US West Coast ports, dock workers ‘on doorstep of agreement’ – Port of LA exec

Categories: News Flash

Date: May 22, 2023

The executive director of the Port of Los Angeles thinks a tentative agreement between the Internat...

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Japanese Shipping Companies Saw Orders Plunge in April but Hand-Held Orders Hit Four-year High

Categories: News Flash

Date: May 22, 2023

Due to high ship prices, orders received by Japanese shipping companies continued to decline. Howev...

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COVID boom not over yet for ‘landlords’ of shipping lines

Categories: News Flash

Date: May 22, 2023

Foreign container lines were widely blamed for stratospheric freight rates during the supply chain ...

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Americas clean tanker market looking to dirty up, sources say

Categories: News Flash

Date: May 22, 2023

Americas clean Medium Range tanker owners are looking to carry crude oil, dirtying up Medium Range ...

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COSCO SHIPPING to Build the Second 700 TEU Electric Container Ship

Categories: News Flash

Date: May 20, 2023

On May 8, COSCO SHIPPING Heavy Industry (Yangzhou) started to build the second 700 TEU electric con...

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More liner newcomers quit long-haul box lanes as rates tumble

Categories: News Flash

Date: May 20, 2023

According to consultancy Linerlytica, Transfar Shipping, BAL Container Line and container maker Chi...

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Russia sanctions, supply security, climate commitments at play in G7 Hiroshima

Categories: News Flash

Date: May 20, 2023

G7 leaders are set to tighten enforcement of Russian sanctions while bolstering supply chains of st...

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China’s Yangshan Port Tops New Container Port Performance Index

Categories: News Flash

Date: May 20, 2023

Yangshan Port in China took top position in the third edition of the global Container Port Performa...

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TORM plc capital increase in connection with delivery of two vessels

Categories: News Flash

Date: May 20, 2023

With reference to Company Announcement no. 03 dated 16 March 2023 regarding the acquisition of thre...

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Action plan to ensure diversity in shipping industry

Categories: News Flash

Date: May 20, 2023

Women working in the shipping must be supported, Deputy Minister of Shipping Marina Hadjimanoli sai...

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Three new ships approved for Black Sea grain deal after Russia renewal

Categories: News Flash

Date: May 20, 2023

Three new ships were authorized on Thursday to take part in a deal allowing the safe Black Sea expo...