News Flash
US-China tariff war may create glut of US coking coal cargoes in Asia
Categories: News Flash
Date: Feb 10, 2025
The recent tit-for-tat tariff bouts between the US and China were expected to create a potential glu...
Red Sea ransom: How emails power Houthis’ $2 billion piracy operation
Categories: News Flash
Date: Feb 10, 2025
The Red Sea, a vital artery for global trade, has become a battleground for modern piracy that blend...
Korea Surpasses China in January Ship Orders, Securing 62% of Global Market Share
Categories: News Flash
Date: Feb 10, 2025
South Korea has outpaced China to secure the highest volume of ship orders in January, according to ...
Tankers: VLCC Market Under Renewed Pressure
Categories: News Flash
Date: Feb 10, 2025
Clean LR2 MEG LR2’s continued downward this week. TC1 75kt MEG/Japan was marked 22.5 points less...
Asia-US container rates tick lower; shippers frontloading cargoes on tariff pause
Categories: News Flash
Date: Feb 10, 2025
Rates for shipping containers from Asia to the US ticked lower this week, although they could see up...
NCB Seizes ₹100 Crore Worth of Cocaine in Mumbai, Busts International Drug Syndicate
Categories: News Flash
Date: Feb 08, 2025
NEW DELHI: In a major crackdown on drug trafficking, the Narcotics Control Bureau (NCB) has seized h...
GTT, COSCO Shipping LNG Investment Co., LTD. and COSCO Shipping Heavy Industry Co., LTD. sign a strategic cooperation agreement
Categories: News Flash
Date: Feb 08, 2025
GTT, COSCO Shipping LNG Investment (Shanghai) Co., LTD. (CSLNG) and COSCO Shipping Heavy Industry Co...
Singapore fuel oil stockpiles at two-week highs
Categories: News Flash
Date: Feb 08, 2025
Singapore onshore fuel oil stockpiles logged their highest volumes in two weeks, although levels dip...
Erma First Group Joins Green Marine To Strengthen Environmental Commitment In North America And Europe
Categories: News Flash
Date: Feb 08, 2025
ERMA FIRST GROUP, a global leader in sustainable maritime technologies, is proud to announce its off...
Vessel shortage to buoy offshore & marine companies, but analysts warn of upcoming risks
Categories: News Flash
Date: Feb 08, 2025
Local offshore and marine (O&M) companies are well-positioned to ride continued demand for their...
Oil executives call for cautious return to Red Sea navigation
Categories: News Flash
Date: Feb 08, 2025
Oil executives called for a return to navigation through the Red Sea en route to the Suez Canal foll...
HSFO cracks trade into premiums for first time in over five years
Categories: News Flash
Date: Feb 08, 2025
Singapore’s high-sulphur fuel oil (HSFO) margin flipped from a discount to premium on Friday, exte...
LNG freight rates sink; tri-fuel diesel-electric charters offer ‘no advantage’ over two-strokes
Categories: News Flash
Date: Feb 08, 2025
LNG freight rates in the Atlantic and Pacific basins have continued to fall as tri-fuel diesel-elect...
Shipping organisations increasingly concerned about seafarer safety
Categories: News Flash
Date: Feb 08, 2025
The chairpersons of the world’s biggest shipping industry organisations gathered on 6 February in ...
Baltic index logs first weekly gain in five weeks
Categories: News Flash
Date: Feb 08, 2025
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk c...
Shore leave and Crew changes in Indian ports update
Categories: News Flash
Date: Feb 08, 2025
NEW DELHI: Had a very fruitful meeting today at MHA., chaired by Shri Anil Malik, Addl Secretary (Fo...
Windward Launches Critical Maritime Infrastructure Protection, an AI Solution to Detect and Counter Threats to the World’s Essential Infrastructure
Categories: News Flash
Date: Feb 07, 2025
Windward, the leading Maritime AI™ company, today announced the launch of its Critical Maritime In...
HD Hyundai boosts operating profit 47% in 2024 driven by shipbuilding and energy
Categories: News Flash
Date: Feb 07, 2025
HD Hyundai announced on the 6th that its operating profit for 2024 is estimated to be around 3 trill...
Facilitating free trade remains top of IUMI’s agenda
Categories: News Flash
Date: Feb 07, 2025
At a meeting of the International Union of Marine Insurance (IUMI) executive earlier this week, it w...
China’s retaliatory tariffs on crude likely to push US exports lower in 2025
Categories: News Flash
Date: Feb 07, 2025
China’s retaliatory tariffs on the United States may cause U.S. oil exports to decline in 2025 for...
IKEA Leads on Green Shipping, But More Action Needed for Zero-Emission Ships
Categories: News Flash
Date: Feb 07, 2025
Pacific Environment’s Ship It Zero coalition commends IKEA for continuing to prioritize maritime s...
Panama lawsuit requests axing Hong Kong firm’s canal concession
Categories: News Flash
Date: Feb 07, 2025
Two Panamanian lawyers filed a complaint this week to cancel the concession of a Hong Kong-based com...
HSFO cracks hold strength but spot premiums dip
Categories: News Flash
Date: Feb 07, 2025
Refining cracks for high-sulphur fuel oil (HSFO) retained its recent strength on Thursday, though sp...
Russian ESPO Blend oil freight rates fall as tanker availability improves, traders say
Categories: News Flash
Date: Feb 07, 2025
Freight rates for ESPO Blend crude shipped from the Russian port of Kozmino to China have fallen 50%...
Inmarsat Maritime Signs Expanded Agreement With Maersk to Enhance Global Fleet Connectivity
Categories: News Flash
Date: Feb 07, 2025
A.P. Moller – Maersk (Maersk), one of the world’s largest containership operators, and Inmarsat ...
Baltic index rises for fifth straight session on stronger panamax, supramax rates
Categories: News Flash
Date: Feb 07, 2025
The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transp...
Iron ore dips on Sino-US tariff concerns, shipping snags limit fall
Categories: News Flash
Date: Feb 06, 2025
Iron ore futures fell on Wednesday, as investors fretted over trade tensions between the U.S. and to...
Approval in Principle (AiP) Acquired from Classification Society for Low-Pressure Type Coastal Liquefied CO2 Carrier
Categories: News Flash
Date: Feb 06, 2025
Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, and Nippon Gas...
LR joins LOWNOISER project to help protect marine ecosystems from underwater noise pollution
Categories: News Flash
Date: Feb 06, 2025
Lloyd’s Register (LR) has joined the LOWNOISER project, a new initiative aimed at tackling underwa...
NS United Kaiun Kaisha, Ltd. Partners with Idwal to Enhance Fleet Quality Through Independent Condition Monitoring
Categories: News Flash
Date: Feb 06, 2025
Idwal is pleased to welcome NS United Kaiun Kaisha, Ltd. (NSU) as the latest partner to Idwal ID, ou...
Alfa Laval to acquire NRG Marine to offer innovative ultrasonic anti-fouling solutions to its customers
Categories: News Flash
Date: Feb 06, 2025
Alfa Laval has signed an agreement to acquire NRG Marine, a leading provider of ultrasonic anti-fo...
HSFO cracks get boost, though market eyes mixed drivers
Categories: News Flash
Date: Feb 06, 2025
Refining cracks for high sulphur fuel oil (HSFO) firmed in Asia on Wednesday, though trade sources e...