News Flash
IMO launches Regional Presence Office for the MENA region in Alexandria, Egypt
Categories: News Flash
Date: Jan 22, 2025
New office will coordinate technical assistance for countries in the region in the areas of maritime...
Supply Chain Diversification And Technology Poised To Be The Key Enablers Of Trade Growth In Asia
Categories: News Flash
Date: Jan 22, 2025
33% of businesses based in the Asia Pacific (APAC) region are creating parallel supply chains to avo...
Asia Fuel Oil: Volatile market seen persisting following Trump’s return to office
Categories: News Flash
Date: Jan 22, 2025
Spot fuel oil premiums retreated slightly on Tuesday, while trade sources said they expect volatilit...
HD HHI Signs LOI with CMA CGM for 12 LNG Dual-fuel Container Ships
Categories: News Flash
Date: Jan 22, 2025
On Jan. 6, HD Hyundai Samho delivered an LNG carrier to the shipowner, marking its first export of t...
Capital Group and FORCE Technology Collaborate to Launch Europe’s First Extended Reality Bridge Simulator
Categories: News Flash
Date: Jan 22, 2025
Capital Group and FORCE Technology are proud to announce their partnership in creating Europe’s fi...
Return of container ships to Red Sea will bring chaos and collapsing freight rates – 5 key questions facing shippers
Categories: News Flash
Date: Jan 22, 2025
Agreement between Israel and Hamas to pause conflict has raised hopes over the prospect of ocean con...
Study On Ship Sliming May Enable Reduced Costs And Emissions In Ocean Transport
Categories: News Flash
Date: Jan 22, 2025
Slime build-up is a costly drag on fuel efficiency for ocean-going cargo ships, leading to more emis...
US sanctions impact on VLCC tanker market may be short-lived
Categories: News Flash
Date: Jan 22, 2025
The sharp rise in Very Large Crude Carrier rates from the Persian Gulf to Asia following new US sanc...
Baltic index at over 1-year low as rates decline across segments
Categories: News Flash
Date: Jan 22, 2025
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk c...
Marcura Expands Digital Solution Suite with Acquisition of VesselMan
Categories: News Flash
Date: Jan 21, 2025
Marcura, global leader in digital maritime solutions, has announced the strategic acquisition of Ves...
COSCO Pilots Safe Transportation with Longxing Chemical over GSBN
Categories: News Flash
Date: Jan 21, 2025
Global Shipping Business Network (GSBN), a neutral, not-for-profit consortium enabling paperless, ac...
Navig8 Commences Commercial Management of 20 ADNOC L&S Tanker Vessels
Categories: News Flash
Date: Jan 21, 2025
Navig8 is pleased to announce that it has commenced the commercial management of the ADNOC L&S t...
MOL, Marubeni Establish a New Company Venture in the Nature-based Carbon Removal Credit Business to -Open the Way to a Sustainable Future Through the Power of People and Forests
Categories: News Flash
Date: Jan 21, 2025
Mitsui O.S.K. Lines, Ltd. and Marubeni Corporation announced today that the two companies have enter...
South Korea’s Shipbuilding Giants Achieve Milestone Profits Amid Industry Boom
Categories: News Flash
Date: Jan 21, 2025
South Korea’s top three shipbuilders are expected to report collective annual profits for 2024, ma...
China’s shipbuilding remains robust but growing capacity weighs on steel plate market
Categories: News Flash
Date: Jan 21, 2025
China’s shipbuilding remained robust in 2024, and is likely to maintain strong growth momentum in ...
Asia Fuel: Premiums rise on uncertainty around Feb supply
Categories: News Flash
Date: Jan 21, 2025
Spot premiums for fuel oil rose on Monday, supported by supply uncertainty in February as some indus...
Maritime efficiency critical as industry faces new IMO environmental measures
Categories: News Flash
Date: Jan 21, 2025
Efficiency measures must be applied to the existing fleet to meet IMO Mid-Term GHG reduction measure...
China torments and titillates seaborne coal market
Categories: News Flash
Date: Jan 21, 2025
China imported a record amount of coal in 2024, driving world imports of the fuel to an all-time hig...
Baltic index falls to 19-month low on weaker vessel rates
Categories: News Flash
Date: Jan 21, 2025
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk c...
Asia-US container rates fall as carriers seek to boost demand during LNY lull
Categories: News Flash
Date: Jan 20, 2025
Rates for shipping containers from east Asia and China to the US edged lower this week as carriers h...
Global diesel prices spike as US hits Russia with new sanctions
Categories: News Flash
Date: Jan 20, 2025
Global diesel prices and refining margins spiked following the latest round of U.S. sanctions on Rus...
Angolan loadings to rise in March
Categories: News Flash
Date: Jan 20, 2025
Angolan crude loadings are expected to rise in March while differentials continued to find support o...
OPEC’s share in India’s annual oil imports rises after 8-year drop
Categories: News Flash
Date: Jan 20, 2025
OPEC’s share in India’s crude oil imports edged up in 2024, rising for the first time in nine ye...
Cyprus’ role in global shipping discussed at Athens conference
Categories: News Flash
Date: Jan 20, 2025
The 17th International Shipping Conference took place in Athens this week, with the central theme be...
Asian refiners wary over strong Chinese, Indian bids for Middle East crude post Russia sanctions
Categories: News Flash
Date: Jan 20, 2025
Japanese and South Korean refiners are cautiously monitoring Chinese and Indian traders’ Middle Ea...
A simple but powerful secret – how to choose marine engines the smart way
Categories: News Flash
Date: Jan 20, 2025
When selecting an engine for your newbuild vessel, the options can quickly become overwhelming. Each...
Maritime sources expect Houthis to halt Red Sea attacks after Gaza deal
Categories: News Flash
Date: Jan 20, 2025
Maritime security officials said, on Thursday, they were expecting Yemen’s Houthi fighters to anno...
Singapore bio-bunkers sales break new milestone; bunker-only calls at 8-year high
Categories: News Flash
Date: Jan 20, 2025
Singapore’s annual bio-bunker sales continued to rise in 2024, following a steep growth trajectory...
Global tanker freight to strengthen in 2025 on sanctions, offset by new ships
Categories: News Flash
Date: Jan 20, 2025
Global tankers’ freight is expected to be mostly higher in 2025 due to US sanctions and geopolitic...
Savannah gets India cargo to market up to eight days faster
Categories: News Flash
Date: Jan 18, 2025
The Port of Savannah is up to eight days faster for India cargo moving to inland markets such as Atl...
HD Hyundai Samho Reports Record Operating Profit of 723.6 Bil. Won in 2024
Categories: News Flash
Date: Jan 18, 2025
HD Hyundai Samho, a subsidiary of HD Hyundai’s shipbuilding division, has reported a remarkable op...
MOL, NODE Form Capital Tie-up to Expand Foreign HR Initiatives- Stepping up Japanese Companies’ Hiring of Foreign Employees
Categories: News Flash
Date: Jan 18, 2025
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced the formatio...