News Flash
Top officials to meet in Hong Kong for high-level summit on global trade and rising protectionism
Categories: News Flash
Date: Oct 24, 2024
Amid rising trade tensions and increasing protectionist measures leaders of the maritime sector will...
Fincantieri Group signs MoU with Barzan Holdings for anti-drone radar system in Qatar
Categories: News Flash
Date: Oct 24, 2024
Fincantieri Group has signed a Memorandum of Understanding (MoU) with Barzan Holdings, a company who...
DNV and Metal Industries Research & Development Centre (MIRDC) to combine expertise in promoting renewable energy technology in Taiwan
Categories: News Flash
Date: Oct 24, 2024
Under the three-year agreement, DNV and MIRDC will work together on a range of initiatives, includin...
LR publishes Recommended Practices for Floating Offshore Wind Turbine Support Structures
Categories: News Flash
Date: Oct 24, 2024
Lloyd's Register (LR) has published its first Recommended Practice (RP) for Floating Offshore Wind...
Iron ore retreats as mounting concerns on weakening steel demand weigh
Categories: News Flash
Date: Oct 23, 2024
Prices of iron ore futures fell on Tuesday, weighed down by concerns that demand for the key steelma...
A Record September And All-Time Best Quarter At Port Of Los Angeles
Categories: News Flash
Date: Oct 23, 2024
The Port of Los Angeles handled a record 954,706 Twenty-Foot Equivalent Units (TEUs) in September, a...
Wärtsilä’s lead in Cargo Handling Systems continues with contract for four new VLAC vessels
Categories: News Flash
Date: Oct 23, 2024
Wärtsilä Gas Solutions, part of technology group Wärtsilä, continues to strengthen its position ...
Investigating maritime community perceptions of ammonia as a marine fuel
Categories: News Flash
Date: Oct 23, 2024
The International Maritime Organization’s (IMO) 2023 Greenhouse Gas (GHG) Strategy has three inter...
OceanScore Engages Greek Shipping Community in Key Discussions on FuelEU and Sustainability at Two Major Events in Athens
Categories: News Flash
Date: Oct 23, 2024
Last week, OceanScore reaffirmed its commitment to the Greek maritime industry by actively participa...
CMA CGM Group and SUEZ sign a memorandum of understanding to develop the production of biomethane in Europe and the low-carbon transition of maritime transport
Categories: News Flash
Date: Oct 23, 2024
CMA CGM Group, a global player in maritime, land, air and logistics solutions, and SUEZ, a world lea...
LNG freight rates hit multiyear lows amid weak demand, ample supply
Categories: News Flash
Date: Oct 23, 2024
LNG freight rates have plummeted to multiyear lows in the week ended Oct. 18, approaching operationa...
Russia to use ship-to-ship LNG loadings to free up ice-class tankers
Categories: News Flash
Date: Oct 23, 2024
Russia plans to arrange ship-to-ship transfers of liquefied natural gas and gas condensate in the Ba...
Amasus signs second contract with bound4blue for world’s largest suction sail system on a general cargo vessel
Categories: News Flash
Date: Oct 23, 2024
Amasus, one of Europe’s leading players in the shortsea, bulk, general cargo, offshore and heavy l...
Baltic index falls as rates decline across all vessels
Categories: News Flash
Date: Oct 23, 2024
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk c...
Ammonia-Powered Engine to be Developed for Medium-Speed Marine Applications
Categories: News Flash
Date: Oct 23, 2024
MAN Energy Solutions launches ‘AmmoniaMot 2’ research project with industry partners and researc...
Mongolian coal haul to China surges in mid-Oct; coal stocks rise
Categories: News Flash
Date: Oct 22, 2024
The daily coal haul by Mongolian trucks to China rebounded in mid-October after heavy rain disrupted...
Iron ore gains on firm near-term demand, more China rate cuts
Categories: News Flash
Date: Oct 22, 2024
Iron ore futures rose on Monday as near-term demand remained firm and the latest rate cut in top con...
Indian Register of Shipping and SeaTech sign MOU for International Collaboration on Green Tug Design and Sustainable Initiatives
Categories: News Flash
Date: Oct 22, 2024
Indian Register of Shipping (IRS), a globally recognized classification society, is proud to announc...
ClassNK awards notation for safe transportation of EVs to “K” LINE’s car carrier ‘TEXAS HIGHWAY’
Categories: News Flash
Date: Oct 22, 2024
ClassNK granted its ‘AFVC (Additional Fire-Fighting measures for Vehicle Carrier)’ notations to ...
BW LNG secures e-procurement deal with Procureship for global LNG fleet
Categories: News Flash
Date: Oct 22, 2024
Procureship, provider of the world’s leading digital e-procurement platform, has signed a deal wit...
South Korean shipbuilder Hanwha Ocean joins GCMD as Strategic Partner
Categories: News Flash
Date: Oct 22, 2024
The Global Centre for Maritime Decarbonisation (GCMD) and Hanwha Ocean today announced a five-year s...
China’s surplus crude oil hits nearly 1 million bpd for September
Categories: News Flash
Date: Oct 22, 2024
The weak position of China’s crude oil sector was underlined by September data showing a sixth con...
ABS Delivers Comprehensive Ammonia Dispersion Safety Evaluation to Hanwha Ocean
Categories: News Flash
Date: Oct 22, 2024
ABS has completed an industry-leading safety evaluation of ammonia dispersion on board an ammonia-fu...
Asia Fuel Oil-Spot premiums post mild gains after Nov bids inch up
Categories: News Flash
Date: Oct 22, 2024
Spot premiums for fuel oil climbed on Monday after bids for November cargoes inched higher. Singa...
Baltic index slips on weaker rates across bigger vessels
Categories: News Flash
Date: Oct 22, 2024
The Baltic Exchange’s main sea freight index dipped on Monday to its lowest level in over eight mo...
Tanker Returns Brings in More Investment in Newbuildings
Categories: News Flash
Date: Oct 21, 2024
An increase in returns has lured more ship owners into investing in the tanker sector, through newbu...
Port of Long Beach Sees Strongest September on Record
Categories: News Flash
Date: Oct 21, 2024
Demand for holiday-related goods nudged the Port of Long Beach to its most active September and busi...
Port of Los Angeles freight rail delays reach two-year high, with holiday and everyday items piling up
Categories: News Flash
Date: Oct 21, 2024
Record imports over the last several months at West Coast ports, driven by the recent East Coast and...
Peru’s Chinese-built mega port to soft launch in late November with Shanghai route
Categories: News Flash
Date: Oct 21, 2024
Peru’s massive Chancay port, which authorities hope will become a major shipping hub for South Ame...
Iran exports first crude cargo outside the Persian Gulf as Israeli retaliation looms
Categories: News Flash
Date: Oct 21, 2024
Iran exported its first-ever crude cargo outside the Persian Gulf, according to satellite images and...
Panama Strengthens Strategic Alliances With The Maritime Sector
Categories: News Flash
Date: Oct 21, 2024
As a global leader in ship registration and maritime services, Panama continues to build strategic p...
S. Korea and China resume containership competition amid market shifts
Categories: News Flash
Date: Oct 21, 2024
Hanwha Ocean, one of South Korea’s leading shipbuilders, announced on Oct 10. that it has secured ...