News Flash
First SIRE 2.0 Inspections Point To Significant Challenges For Tanker Crews
Categories: News Flash
Date: Dec 13, 2024
Findings from initial SIRE 2.0 inspections following the introduction of the updated vetting procedu...
Maersk sees global container volumes rising as much as 7% in 2025, exec says
Categories: News Flash
Date: Dec 13, 2024
Maersk expects global container market volume rising as much as 7% next year, bolstered by strong de...
MABUX: Bunker Prices Expected to Trend Higher Next Week
Categories: News Flash
Date: Dec 13, 2024
During the 50th week, the MABUX global bunker indices showed a moderate decline. The 380 HSFO index ...
Baltic index falls as all vessel segments post declines
Categories: News Flash
Date: Dec 13, 2024
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk c...
Low global demand creates opportunity for more US sanctions on Russian oil, Yellen says
Categories: News Flash
Date: Dec 12, 2024
The United States is continuing to look for creative ways to reduce Russia’s oil revenue and lower...
OPEC Reduces 2024, 2025 oil demand growth forecasts
Categories: News Flash
Date: Dec 12, 2024
Crude Oil Price Movements In November, the OPEC Reference Basket (ORB) value dropped by $1.47, or...
CryoVac secures AiP from DNV for LH2 containment design for ships
Categories: News Flash
Date: Dec 12, 2024
Norwegian shipping technology company CryoVac has received an Approval in Principle (AiP) from class...
Global Maritime Safety Enters New Era with the Launch of Iridium Certus GMDSS
Categories: News Flash
Date: Dec 12, 2024
Iridium Communications Inc. announced the service launch of Iridium Certus® GMDSS, a generational a...
VesselBot Secures 1st Place in Drewry’s 2024 CO2 Emissions Measurement Providers Assessment
Categories: News Flash
Date: Dec 12, 2024
A leading maritime consultancy ranks VesselBot’s Supply Chain Sustainability Platform as the top c...
Asia Fuel Oil-Spot benchmarks stabilise after recent slump
Categories: News Flash
Date: Dec 12, 2024
Asia’s spot fuel oil benchmarks steadied on Wednesday after the market’s recent downtrend, while...
Asia Pacific’s low-carbon hydrogen tenders to test readiness for clean fuel trades
Categories: News Flash
Date: Dec 12, 2024
Several low-carbon hydrogen and ammonia tenders in the Asia-Pacific region are expected to provide c...
FUJAIRAH DATA: Oil products stockpiles drop again on fuel oils
Categories: News Flash
Date: Dec 12, 2024
Oil products inventories at the UAE’s Port of Fujairah dropped 9.6% in the week ended Dec. 9, agai...
Russia’s Yamal LNG deploys tanker Axios II for transhipments, data shows
Categories: News Flash
Date: Dec 12, 2024
Russia’s Novatek-owned Yamal LNG plant has deployed the LNG tanker Axios II for ship-to-ship opera...
Baltic index extends losses on weaker vessel rates
Categories: News Flash
Date: Dec 12, 2024
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk c...
Chain collaboration for sustainable and efficient container transport by road in the port of Rotterdam
Categories: News Flash
Date: Dec 11, 2024
The port of Rotterdam faces major challenges and opportunities arising from the expected growth in c...
Seaspan Selects KVH to Equip Fleet with OneWeb Low Earth Orbit Solution
Categories: News Flash
Date: Dec 11, 2024
KVH Industries, Inc. (Nasdaq: KVHI), today announced that Seaspan Corporation (Seaspan), a world lea...
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...