News Flash

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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...

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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...

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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...

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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...

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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...

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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...

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World Shipping Council: Shipping Carriers Move to Prevent Deadly Charcoal Fires

Categories: News Flash

Date: Jan 18, 2025

The shipping industry is taking proactive steps to implement improved safety measures for transporti...

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USTR finds China’s shipbuilding dominance hurts US, is actionable

Categories: News Flash

Date: Jan 18, 2025

The U.S. Trade Representative’s office said it has found China’s targeted dominance of the globa...

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Improved safety recommendations for entering enclosed spaces onboard ships The truth is in the numbers

Categories: News Flash

Date: Jan 18, 2025

Few aspects of occupational safety onboard ships have received more attention than the importance of...

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Businesses worldwide hurry to ship goods to the US

Categories: News Flash

Date: Jan 18, 2025

The crisis in the Red Sea has led to an extra 35.7 million tonnes of CO2 emitted in the past year* a...

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DNV launches class notations to provide framework for safe development of autonomous shipping technologies

Categories: News Flash

Date: Jan 18, 2025

DNV has launched a new family of class notations, Autonomous and Remotely Operated Ships (AROS), pro...

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HSFO 380-cst premium closes at over one-month high

Categories: News Flash

Date: Jan 18, 2025

Cash premium for 380-cst high sulphur fuel oil (HSFO) closed at its highest in more than a month on ...

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Baltic index logs second straight weekly fall on weak rates across segments

Categories: News Flash

Date: Jan 18, 2025

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk c...

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Daphne Technology and Williams Secure DOE Grant to Advance Methane Emission Reduction Technology

Categories: News Flash

Date: Jan 17, 2025

Daphne Technology, in partnership with Williams, is pleased to announce the award of a grant worth n...

Russia’s oil exports fell in 2024, but revenue rose $3.8 billion, IEA says

Categories: News Flash

Date: Jan 17, 2025

Russia’s crude oil and oil products exports fell 350,000 barrels per day last year, though revenue...

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Shandong ports likely to start discharging sanctioned ships amid exemption

Categories: News Flash

Date: Jan 17, 2025

The Longkou port in China’s Shandong province has discharged Russian crude barrels from a sanction...

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Shipping risks via Red Sea remain elevated despite Israel-Hamas ceasefire

Categories: News Flash

Date: Jan 17, 2025

Most shipping companies and charterers will continue to route their tankers and cargoes via the long...

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MARTECMA: “Strength lies in unity” for the Marine Technical Managers Association

Categories: News Flash

Date: Jan 17, 2025

In the midst of rapid changes in the regulatory framework, a multitude of technical challenges and o...

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First-ever Ammonia and Propane Co-loaded Vessel Completes Voyage from US to Europe

Categories: News Flash

Date: Jan 17, 2025

Trafigura, a market leader in the global commodities industry, in collaboration with CF Industries, ...

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Artificial Intelligence Is Empowering Shipowners To Tackle New Safety Management Challenges

Categories: News Flash

Date: Jan 17, 2025

The maritime industry is undergoing a digital transformation, and one of the key innovations making ...

Tanker under US sanctions discharges oil at Chinese port, LSEG data shows

Categories: News Flash

Date: Jan 17, 2025

A tanker subject to the new U.S. sanctions is discharging Russian oil at a port operated by Shandong...

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Dark Fleet, Decarbonization And Geopolitical Pressures Remain Top Maritime Focus Areas in 2025

Categories: News Flash

Date: Jan 17, 2025

Secretary-General Arsenio Dominguez has highlighted several areas high on the agenda of the Internat...

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Baltic index down for third straight session on lower capesize, supramax rates

Categories: News Flash

Date: Jan 17, 2025

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk c...

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Port Hedland Iron Ore Exports Down 4% in December 2024

Categories: News Flash

Date: Jan 16, 2025

Pilbara Ports delivered a total monthly throughput of 66.2 million tonnes (Mt) for December 2024. ...

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Marine Fuel Provider Uni-Fuels Holdings Limited Announces Pricing of Its Initial Public Offering

Categories: News Flash

Date: Jan 16, 2025

Uni-Fuels Holdings Limited, a global provider of marine fuel solutions for shipping companies headqu...

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Lloyd’s Register OneOcean launches Risk Manager FuelEU

Categories: News Flash

Date: Jan 16, 2025

Risk Manager FuelEU helps users understand their compliance status and manage their FuelEU strategy....

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Marine fuel sales at Singapore bunker hub hit record highs in 2024

Categories: News Flash

Date: Jan 16, 2025

Marine fuel sales reached fresh highs at the world’s largest bunker hub of Singapore in 2024, offi...

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India-Russia term deal talks for crude oil on hold amid sanctions

Categories: News Flash

Date: Jan 16, 2025

Discussions on a term deal for crude oil purchases from Russia have ground to a halt in the wake of ...

Asia Fuel Oil: Spot premiums extend climb; market eyes volatile HSFO trend

Categories: News Flash

Date: Jan 16, 2025

Spot premiums for fuel oil inched further up on Wednesday, while the market expects volatile trading...

Risks from unregulated tanker fleet rising, UN shipping chief says

Categories: News Flash

Date: Jan 16, 2025

The safety risks posed by unregulated oil tankers are rising, and the so-called shadow fleet is a th...

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Russian oil products trapped at sea by US sanctions, LSEG data shows

Categories: News Flash

Date: Jan 16, 2025

Nearly 500,000 metric tons of Russian oil products are trapped on tankers hit by U.S. sanctions, LSE...

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East of Suez VLCC rates jump after new US sanctions on Russian oil

Categories: News Flash

Date: Jan 16, 2025

East of Suez VLCC rates jumped as the US crackdown on “shadow fleet” tankers carrying sanctioned...