News Flash
SHIPPING: Port automation a key sticking point in union, USEC ports negotiations ahead of 15 Jan deadline
Categories: News Flash
Date: Dec 07, 2024
The 15 January deadline for finalizing a new labor agreement between unionized dock workers at US Gu...
Wallenius Marine tests groundbreaking ship design for the world’s first wind-powered PCTC vessel
Categories: News Flash
Date: Dec 07, 2024
Wallenius Marine is conducting advanced wind tunnel tests aimed at realising the world’s first win...
Asia Fuel Oil-HSFO extends slide; hi-five recovers week-on-week
Categories: News Flash
Date: Dec 07, 2024
Spot premiums for high sulphur fuel oil (HSFO) extended further declines on Friday, while the hi-fiv...
USGC crude exports ending the year on a high
Categories: News Flash
Date: Dec 07, 2024
US Gulf Coast crude exports have increased for three consecutive months now with flows directed towa...
India-West Africa container freight rates rise amid strong flow of rice volumes
Categories: News Flash
Date: Dec 07, 2024
Container freight rates from the Indian subcontinent to West Africa have risen amid the movement of ...
Baltic index snaps 7-session losing streak as larger vessel rates rise
Categories: News Flash
Date: Dec 07, 2024
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk c...
MOL Switch to Invest in Heirloom, a U.S. DAC Technology Developer- Contributing to Spread and Expansion of Negative Emissions
Categories: News Flash
Date: Dec 06, 2024
Mitsui O.S.K. Lines, Ltd. yesterday announced that its wholly owned subsidiary MOL Switch LLC (Repre...
Asia Fuel Oil-VLSFO trades in discount for spot December parcel
Categories: News Flash
Date: Dec 06, 2024
Asia’s spot market for very low sulphur fuel oil (VLSFO) traded in discounts on Thursday for Decem...
Panama Takes The Lead In Global Discussions On The Fair Treatment Of Seafarers
Categories: News Flash
Date: Dec 06, 2024
Reaffirming its dedication to upholding the labor and human rights of seafarers, Panama assumed the ...
Stephenson Harwood advises Attica Bank on its first shipping sustainability linked financing for Stem Shipping
Categories: News Flash
Date: Dec 06, 2024
Law firm Stephenson Harwood LLP has advised Attica Bank S.A. on its first shipping sustainability li...
Mediterranean and Black Sea countries align on shared vision for sustainable aquaculture in the Mediterranean and the Black Sea
Categories: News Flash
Date: Dec 06, 2024
Representatives from over 30 countries gathered in Heraklion, Greece, for the largest regional aquac...
MABUX: Bunker Prices to Remain Volatile Next Week
Categories: News Flash
Date: Dec 06, 2024
Over Week 49, the MABUX global bunker indices exhibited no clear trend, showing sideways changes. Th...
Ship broker Clarkson looks to acquire Norway’s Platou for 281 million pounds
Categories: News Flash
Date: Dec 06, 2024
Top ship broker Clarkson is seeking to acquire Norwegian brokerage and investment bank RS Platou for...
Dynamis Capital Strikes Deal with Oaktree Capital For Ship Financing Portfolio
Categories: News Flash
Date: Dec 06, 2024
Dynamis Capital PTE Ltd. has recently completed the acquisition of several ship financing transactio...
The LNG pathway is only ‘two minutes into the hour’ of our journey to net zero, says SEA-LNG
Categories: News Flash
Date: Dec 06, 2024
Industry coalition SEA-LNG notes that while the approximately 2,200 LNG-fuelled vessels and LNG carr...
Baltic index extends losses on weaker capesize rates
Categories: News Flash
Date: Dec 06, 2024
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk c...
Sustainable hull cleaning for Singapore with HullWiper and Unidive Subsea
Categories: News Flash
Date: Dec 05, 2024
HullWiper’s sustainable hull cleaning solution is coming to Singapore. The company has signed a...
Longer ship routes causing delays, impacting global trade: Piyush Goyal
Categories: News Flash
Date: Dec 05, 2024
The long voyage time due to ships taking longer routes through Cape of Good Hope has impacted global...
France, Netherlands were top destinations for US LNG in November as flows shift to Europe
Categories: News Flash
Date: Dec 05, 2024
France and the Netherlands were the top destinations for US LNG cargoes delivered in November, as sh...
The Current State of Japanese Shipowners: Is the Bulk Carrier Market Secure? Stability Shadowed by Growing Concerns
Categories: News Flash
Date: Dec 05, 2024
“We still want to own car carriers. However, considering issues such as European tariff problems a...
ENGINE: Europe & Africa Bunker Fuel Availability Outlook
Categories: News Flash
Date: Dec 05, 2024
Northwestern Europe Supply pressures have eased across all three grades in the ARA this week, a t...
Asia Fuel Oil-Premiums narrow further; market eyes Asia sale tenders
Categories: News Flash
Date: Dec 05, 2024
Spot premiums for fuel oil narrowed further in Asia on Wednesday, while the market eyed several sale...
Alliances to shake-up shipping as industry recalibrates in 2025
Categories: News Flash
Date: Dec 05, 2024
The formation of new alliances and dissolution of old ones is set to reshape the shipping industry i...
Japanese LSFO falls to most competitive level in North Asia amid bleak demand
Categories: News Flash
Date: Dec 05, 2024
Japan-delivered LSFO prices are currently the cheapest among the major regional bunkering locations ...
USA: Treasury Intensifies Pressure on Iranian Shadow Fleet
Categories: News Flash
Date: Dec 05, 2024
The United States is imposing sanctions on 35 entities and vessels that play a critical role in tran...
Baltic index hits 15-month low as capesize rates dip
Categories: News Flash
Date: Dec 05, 2024
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk c...
WinGD wins late engine orders for eight newbuild LNG carriers
Categories: News Flash
Date: Dec 04, 2024
Swiss marine power company WinGD has won an order for 16 X-DF dual-fuel engines after a late-stage s...
Profitable and green: innovative hull maintenance helps Hapag-Lloyd reduce emissions and cut costs
Categories: News Flash
Date: Dec 04, 2024
As part of its continued effort to drive sustainability in the maritime industry, German container l...
Supply Chain Established for Cargo Tanks Transporting Liquefied CO2 at Elevated Pressure (EP) NYK, KNCC, and JFE Shoji Advance Toward Social Implementation of CCS
Categories: News Flash
Date: Dec 04, 2024
Nippon Yusen Kabushiki Kaisha (“NYK”), its group company Knutsen NYK Carbon Carriers AS (“KNCC...
Maersk completes order of 20 dual-fuel vessels
Categories: News Flash
Date: Dec 04, 2024
A.P. Moller – Maersk (Maersk) has signed agreements with three yards for a total of 20 container v...
Saverex NV intends to launch a voluntary and conditional public takeover bid on Exmar NV
Categories: News Flash
Date: Dec 04, 2024
Saverex NV (“Saverex”) announces today that it intends to launch a voluntary and conditional pub...
Asia Fuel Oil-Market retains downward pressure amid high supply inflows
Categories: News Flash
Date: Dec 04, 2024
Asia’s fuel oil benchmarks continued to soften on Tuesday amid high supply inflows in the month, w...