News Flash
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...
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...
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...
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...
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...
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...
‘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...
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...
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., ...
INTERCARGO reaches membership milestone
Categories: News Flash
Date: May 23, 2023
The International Association of Dry Cargo Shipowners (INTERCARGO) has reached an historic membersh...
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,...
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...
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...
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 ...
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...
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...
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...
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 ...
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 ...
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...
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...
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...
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...
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 ...
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 ...
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...
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...
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...
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...
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...
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...
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...