News Flash
Coach updates Valid Data noon report module to simplify FuelEU Maritime compliance
Categories: News Flash
Date: Dec 11, 2024
Coach Solutions, a leading SaaS provider in the shipping industry, has upgraded its Vessel Reporting...
Global leaders commit to enabling and promoting the electronic Bill of Lading
Categories: News Flash
Date: Dec 11, 2024
On 16 November, the leaders and trade ministers of the Asia Pacific Economic Cooperation (APEC), cov...
Eastern Pacific Shipping extends eSAIL® installation with bound4blue on newbuild
Categories: News Flash
Date: Dec 11, 2024
Eastern Pacific Shipping (EPS) has strengthened its collaboration with bound4blue by contracting thr...
CHINA DATA: Crude imports hit 15-month high of 11.86 mil b/d in November
Categories: News Flash
Date: Dec 11, 2024
China’s crude imports rose 12.2% month over month to a 15-month high of 11.86 million b/d (48.52 m...
On whose behalf is the LOI given? Considerations for charterers when issuing and receiving LOIs
Categories: News Flash
Date: Dec 11, 2024
Introduction Letters of Indemnity (“LOI”) are often used to facilitate efficient trade. For i...
China Nov iron ore imports drop on expectation of weak seasonal demand
Categories: News Flash
Date: Dec 11, 2024
China’s iron ore imports in November fell 1.91% from October, customs data showed on Tuesday, as s...
Beyond fuels and technology: The human element in maritime decarbonization
Categories: News Flash
Date: Dec 11, 2024
The maritime industry is at a pivotal moment in its decarbonisation journey. Over the past decade, t...
Baltic index hits 15-month low on weaker vessel rates
Categories: News Flash
Date: Dec 11, 2024
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk c...
Climeon Signs Order with NovaAlgoma for HeatPower 300 Installation on Groundbreaking Cement Carrier
Categories: News Flash
Date: Dec 10, 2024
Climeon is pleased to announce that NovaAlgoma Cement Carriers (NACC) has placed an order for Climeo...
Ocean Network Express and Ningbo Zhoushan Port Group Collaborate on Shore Power Innovation in China
Categories: News Flash
Date: Dec 10, 2024
Ocean Network Express (ONE) and Ningbo Zhoushan Port Group (NZPG) held a symposium on December 6th t...
Kongsberg Digital Secures Major Simulator Contract with Transnet in South Africa
Categories: News Flash
Date: Dec 10, 2024
Kongsberg Digital is proud to announce a significant agreement with Transnet SOC Ltd (Transnet) to d...
Bureau Veritas classifies three additional LNG bunkering vessels to continue growth in the sector
Categories: News Flash
Date: Dec 10, 2024
Bureau Veritas Marine & Offshore (BV), a global leader in testing, inspection and certification ...
Asia Fuel Oil-Refining crack spreads plunge amid selling flurry
Categories: News Flash
Date: Dec 10, 2024
Refining crack spreads for fuel oil fell on Monday after trading participants engaged in a wave of s...
SHIPPING: Port automation a key sticking point in union, USEC ports negotiations ahead of 15 Jan deadline
Categories: News Flash
Date: Dec 10, 2024
The 15 January deadline for finalizing a new labor agreement between unionized dock workers at US Gu...
DNV: IMO Maritime Safety Committee
Categories: News Flash
Date: Dec 10, 2024
The 109th session of the IMO’s Maritime Safety Committee (MSC 109) was held from 2 to 6 December 2...
Rising costs squeeze intermediaries out of thriving Russian oil trade with India
Categories: News Flash
Date: Dec 10, 2024
Three trading houses have become dominant sellers of Russian oil to India as many smaller players dr...
WAF-East VLCC market falls to 13-month low on weak demand, ample tonnage
Categories: News Flash
Date: Dec 10, 2024
Freight rates for Very Large Crude Carrier voyages loading in West Africa ended the week to Dec. 6 a...
Baltic index steady as firmer panamax rates offset dip in capesize, supramax
Categories: News Flash
Date: Dec 10, 2024
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk c...
India: Cargo traffic at major ports drops 4.95% to 67.53 mn tonnes in November
Categories: News Flash
Date: Dec 09, 2024
Cargo traffic at the country’s major ports declined 4.95 percent to 67.53 million tonnes in Novemb...
MPA and MISC Forge Partnership to Drive Innovation and Advance Digital Maritime Solutions
Categories: News Flash
Date: Dec 09, 2024
The Maritime and Port Authority of Singapore (MPA) and MISC have signed a memorandum of understandin...
Russia raises wheat export duty by nearly a third
Categories: News Flash
Date: Dec 09, 2024
Russia, the world’s largest wheat exporter, will raise its wheat export duty by almost 32%, the go...
Chinese LNG companies looking to sell Jan-Feb 2025 cargoes amid weak demand
Categories: News Flash
Date: Dec 09, 2024
Some Chinese state-owned and second-tier oil and gas companies have been looking to sell LNG cargoes...
S. Korean shipbuilders to benefit as steam turbine LNG carrier phase-out speeds up
Categories: News Flash
Date: Dec 09, 2024
The retirement of aging steam turbine liquefied natural gas (LNG) carriers is accelerating as LNG fr...
Zhoushan December LSFO storage availability declines for second straight month
Categories: News Flash
Date: Dec 09, 2024
Low sulfur fuel oil storage available for lease at Zhoushan, China’s largest bunkering hub, stood ...
Trump’s tariff war confirms geopolitics are replacing economics as the key driver for decisions
Categories: News Flash
Date: Dec 09, 2024
Nobody can complain that President-elect Donald Trump isn’t following through on his core election...
4 great reasons why bio-LNG is the bridge fuel of the future for vessels
Categories: News Flash
Date: Dec 09, 2024
As environmental regulations tighten, vessel owners and operators face growing uncertainty about fue...
Tankers: VLCC Market on a Downward Path
Categories: News Flash
Date: Dec 09, 2024
Clean LR2 Following last week’s improvements, LR’s in the MEG stalled and lost steam this we...
Asia-US container rates fall, but average global rates rise as possible port strike nears
Categories: News Flash
Date: Dec 09, 2024
Rates for shipping containers from east Asia and China to the US were flat to softer this ...
Asia Distillates-Thin spot activity prevails; January negotiations awaited
Categories: News Flash
Date: Dec 07, 2024
Asia’s middle distillates markets remained thinly discussed on the spot front as January negotiati...
Iron ore set for weekly loss as Chinese steelmakers’ holiday restocking ebbs
Categories: News Flash
Date: Dec 07, 2024
Iron ore futures prices slid and headedfor a weekly loss on Friday, as the wave of restocking for se...
US diesel exports to ARA set to rise on scarce European supply, firm US production
Categories: News Flash
Date: Dec 07, 2024
Diesel shipments from the U.S. Gulf Coast to Europe’s main trading and refining hub, the Amsterdam...
Scope of hydrogen and CO2 for the Delta Rhine Corridor underlines the urgency of making the industry sustainable
Categories: News Flash
Date: Dec 07, 2024
Yesterday, the government minister informed the Cabinet that the decision has been taken to prioriti...