News Flash
Suez Canal tests new lane section to boost traffic
Categories: News Flash
Date: Dec 31, 2024
The Suez Canal has successfully tested a new lane that allows ships to travel in both directions alo...
Singapore boosts maritime, aviation hub role as cargo flows shift and supply chain risks rise
Categories: News Flash
Date: Dec 31, 2024
Singapore is investing further in its infrastructure, processes and workforce to solidify its positi...
Samsung Heavy Industries Subcontracts 4 Suezmax Tankers to China Due to Labor Shortages
Categories: News Flash
Date: Dec 31, 2024
Samsung Heavy Industries has announced its decision to outsource the construction of four Suezmax ta...
China’s recasting of UCO trade: Minimal impact on chemical shipping
Categories: News Flash
Date: Dec 31, 2024
China eliminated the 13% export tax rebate on the popular feedstock for biofuels-used cooking oil (U...
HJ Heavy Industries Secures Design Approval for 88,000㎥ Very Large Ammonia Carrier
Categories: News Flash
Date: Dec 31, 2024
HJ Heavy Industries announced on Dec. 30 that it has obtained design concept approval for an 88,000...
German foreign minister warns of Russian 'shadow fleet'
Categories: News Flash
Date: Dec 31, 2024
Multiple recent incidents involving undersea cables in the Baltic Sea were unlikely to be a coincide...
LNG shipping stocks: Modest gains despite low trading activity
Categories: News Flash
Date: Dec 31, 2024
Last week, the UP World LNG Shipping Index (UPI) outpaced the S&P 500, gaining 2.46% as the broa...
Asia Fuel Oil: Window activity thin; cautiousness on fundamentals remain
Categories: News Flash
Date: Dec 31, 2024
Asia’s fuel oil markets began the week with slow trading momentum, with traders remaining cautious...
Western Marine bounces back, set to export 8 ships to UAE
Categories: News Flash
Date: Dec 30, 2024
After a four-year hiatus in exports, Western Marine Shipyard, one of the country’s leading shipbui...
MOL Introduces Special Incentive Program for Employee Shareholding Plan-Aims to Enhance Engagement of Group Employees and Strengthen ‘Human Capital Management’
Categories: News Flash
Date: Dec 30, 2024
Mitsui O.S.K. Lines, Ltd. announced that it has decided to introduce a special incentive program to ...
India’s top maritime figures visit South Korea’s big three shipyards
Categories: News Flash
Date: Dec 30, 2024
A high-level Indian delegation visited HD Hyundai Heavy Industries (HD HHI)’ shipyard in Ulsan, So...
Norwegian shipping firm denies Moscow’s claim it refused to help sinking Russian ship
Categories: News Flash
Date: Dec 30, 2024
A Norwegian shipping company on Friday rejected an accusation from Dmitry Medvedev, deputy chairman ...
Korean shipping companies seek government support amid Trump tariff fears
Categories: News Flash
Date: Dec 30, 2024
Concerns are growing that global maritime traffic will decrease due to tariff barriers and heightene...
Samsung Heavy Industries is speeding up orders centered on high value-added ships
Categories: News Flash
Date: Dec 30, 2024
Samsung Heavy Industries is a super-sized ethanol carrier (VLEC) worth 742.2 billion won with ship o...
Maritime law has to be changed to protect undersea infrastructure, Estonia says
Categories: News Flash
Date: Dec 30, 2024
Centuries-old international maritime law has to be updated to outlaw damage to undersea infrastructu...
Houthi attack hits container ship in Arabian Sea
Categories: News Flash
Date: Dec 30, 2024
Yemen’s Houthi rebels claimed a drone attack on a Maersk container ship in the Arabian Sea on Dec....
Strength in numbers – why maritime cyber security is a team sport
Categories: News Flash
Date: Dec 30, 2024
A ship-to-shore data connection seems to have been compromised. Do you pull the plug right away or w...
Energy efficiency compliance after alterations or conversions
Categories: News Flash
Date: Dec 30, 2024
The EEXI requirement came into effect on 1 January 2023, and all affected ships should now comply. T...
Samsung Heavy Industries secures $508M shipbuilding deal
Categories: News Flash
Date: Dec 28, 2024
Samsung Heavy Industries secured a 724 billion won ($508 million) deal to build two very large ethan...
Shipping firms expect profits despite declining freight rates and rising dollar in South Korea
Categories: News Flash
Date: Dec 28, 2024
The shipping industry is expected to report solid profits despite deteriorating market conditions du...
Russian ship that sank off Spanish coast was blown up in ‘act of terrorism,’ RIA cites owner
Categories: News Flash
Date: Dec 28, 2024
A Russian cargo ship that ran into trouble on Monday in the Mediterranean Sea and later sank was roc...
Seafarers move global trade — and Christmas gifts. These ministries bring them holiday cheer
Categories: News Flash
Date: Dec 28, 2024
On a balmy December evening, four Indian crew members, eager to go explore this Mediterranean city w...
Panama: Protesters say ‘enemy’ Trump must leave canal alone
Categories: News Flash
Date: Dec 28, 2024
US President-elect Donald Trump said that the Panama Canal should be “returned” to Washington’...
Asia Fuel Oil: Thin market liquidity persists; cash premiums mixed
Categories: News Flash
Date: Dec 28, 2024
Asia’s fuel oil markets continued to be barren of deals on Friday, as thin trading liquidity on th...
New Regulation: FuelEU Maritime Comes into Force on 1 January
Categories: News Flash
Date: Dec 28, 2024
FuelEU Maritime aims to promote the use of green and low-emission fuels within EU shipping. Danish S...
Raising safety standards in port terminal operations
Categories: News Flash
Date: Dec 28, 2024
In 2015, a Macquarie Asset Management (MAM)-managed fund, Macquarie Infrastructure Partners III (MIP...
FUJAIRAH DATA: Oil products stockpiles head for 2024 gain
Categories: News Flash
Date: Dec 28, 2024
Refined oil products inventories at the UAE’s Port of Fujairah rose 4.7% in the week ended Dec. 23...
Russia’s first ice-class LNG carrier enters sea trials, data shows
Categories: News Flash
Date: Dec 28, 2024
The first Russian-built ice-class liquefied natural gas (LNG) carrier has entered sea trials, LSEG d...
Transpetro concludes commercial negotiation phase with Ecovix/ McLaren consortium for acquisition of Handy ships
Categories: News Flash
Date: Dec 27, 2024
Transpetro finalized the commercial negotiation phase with a consortium constituted by the Ecovix, i...
Shipbuilding orders surge to 15-year high
Categories: News Flash
Date: Dec 27, 2024
Owners plowed more than $188 billion into newbuilds in the first 11 months of the year, on course fo...
Saudi non-oil exports jump 12.7% to $6.76bn in October
Categories: News Flash
Date: Dec 27, 2024
According to the General Authority for Statistics, chemical products led the non-oil export categori...
Construction begins on Estonia's first biomethane-powered multipurpose workboat
Categories: News Flash
Date: Dec 27, 2024
Estonia’s first biomethane-powered multipurpose workboat was officially laid down in a ceremonial ...