News Flash
ICS network launches global campaign to drive seafarer recruitment
Categories: News Flash
Date: Jun 27, 2023
The International Chamber of Shipping (ICS) launches today a video titled ‘An Adventurous Spirit...
Baltic index snaps four-day winning streak on lower vessel rates
Categories: News Flash
Date: Jun 27, 2023
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk comm...
DP World advances electrification projects in Brazil
Categories: News Flash
Date: Jun 26, 2023
DP World is accelerating its adoption of renewable energy at the Port of Santos, Brazil’s leading...
India’s BPCL in talks with Rosneft to buy oil priced on Dubai benchmark -sources
Categories: News Flash
Date: Jun 26, 2023
Indian state-run refiner BPCL is in talks with Rosneft to buy about 6 million metric tons (43.8 mil...
Asian spot LNG prices ease, tracking European prices
Categories: News Flash
Date: Jun 26, 2023
Asian spot liquefied natural gas (LNG) prices were down this week but remained 33% up from its lowe...
Russian insurrection ends but attempted coup damages OPEC+ Producer
Categories: News Flash
Date: Jun 26, 2023
Russian President Vladimir Putin June 24 faced down an attempted military insurrection by mercenary...
Countries push for CO2 shipping levy as crunch talks loom
Categories: News Flash
Date: Jun 26, 2023
Maritime nations including Denmark and the Marshall Islands are rallying support for a global carbo...
More Ships Are Getting “Greener”
Categories: News Flash
Date: Jun 26, 2023
The number of “green” ships ordered is growing in size, as the industry is beginning its long...
Tankers To Ride Oil Demand Growth
Categories: News Flash
Date: Jun 26, 2023
The tanker market’s medium-term momentum remains positive after the latest round of reports. In i...
India’s May crude oil imports rise on strong Russian flows
Categories: News Flash
Date: Jun 26, 2023
India’s crude oil imports in May rose 2% from a year earlier, government data showed on Friday, o...
Tankers: VLCC Market Busy For Yet Another Week
Categories: News Flash
Date: Jun 26, 2023
MEG LR2’s remained stable for the majority of the week with inklings of an upturn as we head towa...
EU Proposes Net-Zero Emissions for the Shipping Sector by 2050 at the latest
Categories: News Flash
Date: Jun 26, 2023
As the UN Climate Ambition Summit scheduled for UN General Assembly’s High Level Week in Septembe...
Titanic sub destroyed in 'catastrophic implosion,' all five aboard dead
Categories: News Flash
Date: Jun 23, 2023
A deep-sea submersible carrying five people on a voyage to the century-old wreck of the Titanic was...
Asia Fuel Oil-Spot market steadies while inventories soften.
Categories: News Flash
Date: Jun 23, 2023
Asia’s fuel oil market held steady on Thursday, while onshore inventories in Singapore fell after...
Baltic index nears one-month peak on Capesize bounce
Categories: News Flash
Date: Jun 23, 2023
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk comm...
Ukraine 99.9% certain Russia will evacuate Black Sea grain deal in July – envoy
Categories: News Flash
Date: Jun 23, 2023
Russia is 99.9% certain to evacuate a U.N.-brokered deal on the safe wartime passage of Black...
Port of Rotterdam Authority go ahead with construction of the new site on Maasvlakte II
Categories: News Flash
Date: Jun 23, 2023
On 19 June 2023, the Port of Rotterdam Authority signed a contract with Boskalis for the constructi...
U.S. oil refiners again expand fuel capacity after big shrink
Categories: News Flash
Date: Jun 23, 2023
U.S. crude oil refining capacity has reversed two years of decrease and mounts up by more than 100,...
Demonstrative Test Sail of a Tugboat Using Marine Biodiesel Fuel at Nagoya Port-Efforts Toward Decarbonization
Categories: News Flash
Date: Jun 23, 2023
“K” Line Port Service Co., Ltd., a group company of Kawasaki Kisen Kaisha., Ltd. (...
IAPH supports methanol bunkering at ports with safety checklists
Categories: News Flash
Date: Jun 23, 2023
Methanol comes out as a potential alternative bunkering fuel for shipping. When generated from sust...
Bringing a Green Future Closer: RINA awards AiP for AURELIA’s Green Retrofit Solution for 205k DWT Bulk Carrier
Categories: News Flash
Date: Jun 23, 2023
RINA has been awarded Approval in Principle (AiP) for a green retrofit package solution planned by ...
Drought-hit Panama Canal further restricts the maximum ship depth
Categories: News Flash
Date: Jun 23, 2023
The Panama Canal will widen restrictions on the largest ships crossing the waterway, one of the wor...
Container shipping divide: Cargo rates weaken, ship rents ‘robust’
Categories: News Flash
Date: Jun 22, 2023
Everyone knew the container shipping boom would end — it was a one-off spike driven by a pandemic...
Maersk to pioneer first container vessel conversion to methanol dual-fuel engine
Categories: News Flash
Date: Jun 22, 2023
As the first in the shipping industry, A.P. Moller – Maersk (Maersk) will retrofit an existing sh...
Cheniere and Equinor Sign Long-Term LNG Sale and Purchase Agreement
Categories: News Flash
Date: Jun 22, 2023
Cheniere Energy, Inc. announced that Cheniere’s subsidiary, Cheniere Marketing, LLC (“Cheniere ...
Baltic index hits near 4-week hike on Capesize strength
Categories: News Flash
Date: Jun 22, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Top Ships Inc. Announces Proposed Spin-Off Creating a New Suezmax Tanker Company
Categories: News Flash
Date: Jun 22, 2023
TOP Ships Inc., an international owner, and operator of modern, fuel-efficient “ECO” tanker ves...
UN chief calls for acceleration of Black Sea grain deal exports
Categories: News Flash
Date: Jun 22, 2023
United Nations Secretary-General Antonio Guterres called for an acceleration of Black Sea grain shi...
VLSFO eases for a second day, recent rally cools
Categories: News Flash
Date: Jun 22, 2023
Asia’s spot market for very-low sulphur fuel oil (VLSFO) softened for a second consecutive sessio...
Big 3 Korean Shipbuilders See Orders Worth 136 Trillion Won
Categories: News Flash
Date: Jun 22, 2023
HD Hyundai Heavy Industries, Samsung Heavy Industries, and Hanwha Ocean, three major Korean shipbui...
Transportation Recovery Fund joins Tankers International VLCC Pool as demand for diverse fleets continues
Categories: News Flash
Date: Jun 22, 2023
Tankers International, the world’s largest shipping pool for VLCCs, has announced today that Tran...
ExxonMobil and Evergreen Line have completed the delivery of marine biofuel oil in the port of Singapore
Categories: News Flash
Date: Jun 22, 2023
ExxonMobil successfully completed a commercial marine biofuel oil bunkering in the port of Singapor...