News Flash
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...
Hapag-Lloyd says it can cope with U.S.-China tariffs
Categories: News Flash
Date: Feb 06, 2025
Container shipping liner Hapag-Lloyd will be able to cope with the advent of U.S. tariffs on Chinese...
Baltic Index Rises As Panamax, Supramax Segments Log Gains
Categories: News Flash
Date: Feb 06, 2025
The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transp...
There is no boredom at sea: about changes in maritime business in 2025
Categories: News Flash
Date: Feb 06, 2025
Maritime freight plays a key role in global trade. According to the IMO (International Maritime Orga...
LNG shipping rates plunge on increasing vessel availability
Categories: News Flash
Date: Feb 06, 2025
Shipping costs for liquefied natural gas (LNG) cargoes have tumbled to five-year lows as newly built...
Asia Distillates: Markets slip further; traders eye east-west spreads
Categories: News Flash
Date: Feb 05, 2025
Asia’s middle distillates markets fell as prompt paper activity continued to record a sell-off ahe...
U.S. coal exports reached a six-year record in June 2024
Categories: News Flash
Date: Feb 05, 2025
Gross U.S. coal exports in June 2024 totaled 10 million short tons, the most in a month since Octobe...
Lloyd’s Register (LR) has introduced its first class notation for fin stabilisers.
Categories: News Flash
Date: Feb 05, 2025
For decades, fin stabilisers have been considered a ‘nice to have’ feature rather than an essent...
China kills energy trade with the US, but initial impact is limited
Categories: News Flash
Date: Feb 05, 2025
The trade in crude oil, liquefied and coal between the United States and China is effectively dead a...
Corvus ESS will power the world’s first fully electric Offshore Vessel
Categories: News Flash
Date: Feb 05, 2025
Corvus Energy, the leading supplier of zero emission solutions for the offshore and marine industry,...
Hapag-Lloyd’s Ship Green: Leading the way into more sustainable shipping
Categories: News Flash
Date: Feb 05, 2025
Hapag-Lloyd’s Ship Green product offers businesses an innovative way to reduce their emissions foo...
High sulphur fuel premiums extend declines
Categories: News Flash
Date: Feb 05, 2025
Spot premiums for Asia’s high sulphur fuel oil (HSFO) market extended declines on Tuesday as softe...
Europe soaked up nearly all US LNG exports last month, data show
Categories: News Flash
Date: Feb 05, 2025
U.S. exports of liquefied natural gas (LNG) to Europe jumped in January as cold weather drove up dem...
Trump’s China import tariffs on top of massive ocean freight rate increases due to conflict in Red Sea are perfect storm for US shippers, analysts warn
Categories: News Flash
Date: Feb 05, 2025
A delay in tariffs on Mexico imports does little to ease the pain for US shippers still facing a 10%...
Baltic index extends gain as panamax, supramax rates firm
Categories: News Flash
Date: Feb 05, 2025
The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transp...