News Flash
Red Sea insurance rates to stay firm as US airstrikes raise fears for ships
Categories: News Flash
Date: Mar 19, 2025
The cost of shipping goods through the Red Sea is expected to remain firm after the United States ca...
Dry bulk likely first shipping victim of turbulent tariffs landscape
Categories: News Flash
Date: Mar 19, 2025
The shipping industry faces mounting pressure as the US, China, Canada, and the EU engage in recipro...
Baltic Index Down on Lower Capesize Rates
Categories: News Flash
Date: Mar 19, 2025
The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk...
Iran to expand shipping routes to West and Southwest Africa
Categories: News Flash
Date: Mar 18, 2025
Iran plans to expand its shipping routes to West and Southwest Africa following a decision by the Af...
“K” LINE’s UK Subsidiary to Be Reorganized and Renamed
Categories: News Flash
Date: Mar 18, 2025
“K” LINE LNG SHIPPING (UK) LIMITED, a London-based corporation wholly owned by Kawasaki Kisen Ka...
OrbitMI and Statu Shipping Partner to Enhance Compliance and Emissions Management Across its Fleet
Categories: News Flash
Date: Mar 18, 2025
OrbitMI, a leading provider of maritime SaaS software, announces that Istanbul-based Statu Shipping ...
Iron ore drops as China property data raises demand concerns
Categories: News Flash
Date: Mar 18, 2025
Iron ore futures slumped on Monday, as a series of property data from top consumer China heightened ...
ICS and CMI launch updated campaign Promoting Maritime Treaty Ratification
Categories: News Flash
Date: Mar 18, 2025
Yesterday, the International Chamber of Shipping (ICS) and the Comité Maritime International (CMI) ...
Maritime Technologies Forum Announces New Report to Strengthen Ship Management for Ammonia-fuelled Ships
Categories: News Flash
Date: Mar 18, 2025
The Maritime Technologies Forum (MTF) has today released a report providing recommendations on how t...
New Shipbuilding Forces Could Emerge in the Coming Years
Categories: News Flash
Date: Mar 18, 2025
USA, India, Vietnam could emerge among the leading gainers from US’ new policies when it comes to ...
Why e-methanol is a game changer for decarbonizing shipping and industry
Categories: News Flash
Date: Mar 18, 2025
Worldwide, policy-makers and industry leaders are ramping up the decarbonization of “hard-to-abate...
Titan completes first bunkering to MOL under new term contract
Categories: News Flash
Date: Mar 18, 2025
Titan Clean Fuels (Titan) and Mitsui O.S.K. Lines (MOL) have completed the first LNG and liquefied b...
Hefty port entrance fees likely pass on to consumers in the US
Categories: News Flash
Date: Mar 18, 2025
The United States’ plan to impose substantial port docking fees on Chinese ships is likely to be p...
Economic Fears, Trade War Will Hit European Diversified Industrials’ Orders
Categories: News Flash
Date: Mar 17, 2025
Concerns over global economic growth and tariffs, as well as continuing weakness in some end-markets...
Federal Reserve preview: No imminent pressure, but downside growth risks point to 2H rate cuts
Categories: News Flash
Date: Mar 17, 2025
The economy isn’t living up to expectations At the start of the year there was plenty of optimism...
Asian spot LNG prices dip amid tepid demand
Categories: News Flash
Date: Mar 17, 2025
Asian spot liquefied natural gas (LNG) prices slipped this week to a three-month low, as tepid deman...
Barclays cuts 2025 Brent oil price forecast on soft demand view
Categories: News Flash
Date: Mar 17, 2025
Barclays lowered its 2025 Brent oil price forecast by $9 per barrel to $74 per barrel, citing a soft...
Cyprus: ‘Challenging’ year ahead for shipping, says president
Categories: News Flash
Date: Mar 17, 2025
The year 2025 is expected to be another challenging year for international shipping, which should re...
MOL, Namura Shipbuilding, Mitsubishi Shipbuilding Acquire AiP for Large Ammonia-powered Ammonia Carrier- Major Step toward Enhanced Ammonia Transport Capacity
Categories: News Flash
Date: Mar 17, 2025
Mitsui O.S.K. Lines, Ltd. announced that a large-size ammonia-powered ammonia carrier, under joint d...
Charting the uncharted: The (un)intended consequences of oil sanctions and dark shipping
Categories: News Flash
Date: Mar 17, 2025
Despite formal restrictions, untracked oil continues to reach global markets, calling into question ...
Russian diesel continues to flow to Syria on US-sanctioned tankers, data shows
Categories: News Flash
Date: Mar 17, 2025
A second tanker under U.S. sanctions is moored near the Syrian port of Banias and may deliver a dies...
Tankers: VLCCs Slightly Higher Last Week
Categories: News Flash
Date: Mar 17, 2025
Clean LR2 MEG LR2’s have been in notable demand this week, as a result freight levels have s...
Americas Aframax demand could take a hit amid non-renewal of Venezuelan sanctions waiver
Categories: News Flash
Date: Mar 17, 2025
The US Department of the Treasury recently announced that Chevron’s sanctions waiver was not renew...
CK Hutchison falls on report China rebukes co’s ports deal
Categories: News Flash
Date: Mar 15, 2025
Shares of CK Hutchison 1 fall as much as 6.7% to HK$46.10, their lowest since March 5, as China rebu...
Tanker Market on the Rise During February
Categories: News Flash
Date: Mar 15, 2025
The tanker market rose during the month of February, OPEC said in its latest monthly report. Dirty s...
Kongsberg Maritime wins design and equipment contract for Olympic Group’s two subsea construction vessels
Categories: News Flash
Date: Mar 15, 2025
Kongsberg Maritime has signed a significant contract for the design of two multipurpose subsea vesse...
PetroChina International signs long-term LPG deal with Phillips 66
Categories: News Flash
Date: Mar 15, 2025
PetroChina International, a subsidiary of state-owned energy company PetroChina, signed a long-term ...
Approval in Principle (AiP) for the Basic Design of a Large Ammonia-Fueled Ammonia Carrier Obtained from Classification Society
Categories: News Flash
Date: Mar 15, 2025
Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has jointly de...
‘Wild Card’ Carbon Levy Uncertainty Leaves Shipowners Cautious and Concerned Says ABS Chairman and CEO
Categories: News Flash
Date: Mar 15, 2025
Uncertainty about the scale and nature of the IMO’s proposed carbon levy is holding back investmen...
Shipping and alternative fuels producers await IMO Regulations on GHG Emissions Framework
Categories: News Flash
Date: Mar 15, 2025
Any regulatory developments focussed on reducing GHG emissions from shipping would increase global d...
DOE order removes certain restrictions on LNG bunkering
Categories: News Flash
Date: Mar 15, 2025
On February 25, 2025, the Department of Energy (DOE) issued an Order Granting Request for Rehearing ...
Pyxis Tankers Expects Stable Demand But, Growing Vessel Supply Could Pose a Challenge
Categories: News Flash
Date: Mar 15, 2025
Pyxis Tankers Inc., an international shipping company, today announced unaudited results for the thr...