News Flash
Amogy Sails World’s First Carbon-Free Ammonia Powered Maritime Vessel
Categories: News Flash
Date: Sep 25, 2024
Amogy, a provider of mature, scalable, and efficient ammonia-to-power solutions, today announced tha...
Maryland sues cargo ship owner, operator over Baltimore bridge collapse
Categories: News Flash
Date: Sep 25, 2024
The state of Maryland on Tuesday filed civil claims against the owner and operator of the cargo ship...
DNV Awards Type Approval Design Certification to Hanwha Ocean’s Rotor Sail Technology
Categories: News Flash
Date: Sep 25, 2024
DNV has awarded Hanwha Ocean Type Approval Design Certification (TADC) for its innovative rotor sail...
Asia Fuel Oil-Hi-5 spread widens for fourth trading session
Categories: News Flash
Date: Sep 25, 2024
Asia’s hi-5 fuel oil spread widened for the fourth consecutive trading session on Tuesday, with 38...
TMX crude flow to Asia may lift Aframax demand, affect Persian Gulf-USWC VLCCs
Categories: News Flash
Date: Sep 25, 2024
The significant increase in Canada’s TMX heavy crude exports from Vancouver to Asia, which have ne...
Harnessing wind power for the next generation of sustainable shipping
Categories: News Flash
Date: Sep 25, 2024
With annual international shipping CO₂ emissions doubling since 1990 and now accounting for roughl...
Prioritising maritime data for a decarbonised future
Categories: News Flash
Date: Sep 25, 2024
A recent survey by Houlder shed light on a crucial issue: the scarcity of relevant operational data ...
Baltic index hits more than two-month high on stronger vessel rates
Categories: News Flash
Date: Sep 25, 2024
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commo...
From flats to longs: Europe’s ‘green’ steel conversation expands
Categories: News Flash
Date: Sep 24, 2024
When it comes to Europe’s nascent “green” steel sector, conversation for the most part has cen...
Iron ore hits over 1-year low on soft China demand prospects, firmer supply
Categories: News Flash
Date: Sep 24, 2024
Iron ore futures fell on Monday to their lowest in more than a year, as investors weighed prospects ...
Wallenius’ pioneering vessel Future Way christened in Germany
Categories: News Flash
Date: Sep 24, 2024
Wallenius Marine’s new vessel Future Way, based on the innovative Sleipner design concept, was chr...
Another LNG vessel berths at Russia’s Arctic LNG 2, data shows
Categories: News Flash
Date: Sep 24, 2024
A liquefied natural gas vessel managed by a company in India has berthed at Russia’s Arctic LNG 2 ...
Summer surge: Record diesel flows from USGC to Europe, Latin America
Categories: News Flash
Date: Sep 24, 2024
The US Gulf Coast is experiencing record diesel flows to Northwest Europe as favorable freight rates...
India’s August Russian oil imports slip 18% from July, tanker data show
Categories: News Flash
Date: Sep 24, 2024
India’s monthly oil imports from Russia fell by 18.3% to about 1.7 million barrels per day (bpd) i...
China’s fuel oil imports set to slow on anticipated tax changes
Categories: News Flash
Date: Sep 24, 2024
China is planning a tax revamp that would raise costs for imported fuel oil, prompting independent r...
Action on Efficiency and Wind Power Essential For Shipping Sector to Achieve Climate Goal – NGOs
Categories: News Flash
Date: Sep 24, 2024
Ahead of this week’s International Maritime Organization’s Intersessional Working Group on Reduc...
The importance of nuance in a volatile ocean container shipping market – shippers need a deeper dive into the data
Categories: News Flash
Date: Sep 24, 2024
Making sense of ocean container shipping volatility in 2024 is no easy task, so it may be tempting f...
Baltic index hit over two-month peak on higher rates across vessels
Categories: News Flash
Date: Sep 24, 2024
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commo...
LME scrap volumes increase on week; rebar forward curve in contango structure
Categories: News Flash
Date: Sep 23, 2024
Volumes traded for the scrap futures contracts on the London Metal Exchange, which settle basis the ...
US fuel oil exports surge as Asian and Middle Eastern demand rises
Categories: News Flash
Date: Sep 23, 2024
US fuel oil exports have surged by 45% this month as demand grows in Asia and the Middle East, while...
Decarbonisation needs collaborative ‘kick-start’
Categories: News Flash
Date: Sep 23, 2024
In a panel discussion called by the World Economic Forum in Gothenburg, Sweden on Monday, APM Termin...
Procureship partners with SpecTec Group to enhance fleet management capabilities for global shipowners and managers
Categories: News Flash
Date: Sep 23, 2024
Procureship has signed an agreement with SpecTec Group to integrate SpecTec’s AMOS Procurement and...
FBI agents have boarded vessel managed by Synergy Marine Group whose other cargo ship collapsed Baltimore bridge
Categories: News Flash
Date: Sep 23, 2024
Federal agents on Saturday boarded a vessel managed by the same company as a cargo ship that caused ...
Methane abatement group adds BP, CMA CGM and GTT as global reach grows
Categories: News Flash
Date: Sep 23, 2024
Energy giant BP’s maritime arm BP Shipping, shipping company CMA CGM, and LNG containment technolo...
Global consortium pioneers ammonia cargo transfer between ships at Australian port
Categories: News Flash
Date: Sep 23, 2024
Japan’s Mitsui O.S.K. Lines, Norway’s Yara and Singapore’s Global Centre for Maritime Decarbon...
Red Sea insurance costs soar as Houthi shipping threats loom, sources say
Categories: News Flash
Date: Sep 23, 2024
The cost of insuring a ship through the Red Sea has more than doubled since the start of September a...
Lower Shipping Emissions May Lead to Higher Global Temperatures
Categories: News Flash
Date: Sep 23, 2024
Products that we depend on and use every day arrive by way of massive container ships to ports aroun...
Tanker Market: VLCCs Continue Firming Up
Categories: News Flash
Date: Sep 23, 2024
Clean LR2 LR’s in the MEG showed the optimistic beginnings of freight improvement this week afte...
Asia-US container rates fall further ahead of looming dock worker strike
Categories: News Flash
Date: Sep 23, 2024
Rates for shipping containers from Asia to the US fell again this week, but carriers are warning cus...
Hefring Marine partners with UAE’s BluePass to expand in region
Categories: News Flash
Date: Sep 21, 2024
UAE – Hefring Marine, a global leader in marine technology and vessel intelligence systems, has pa...
Seabed 2030 and Exail join forces to accelerate ocean floor mapping efforts
Categories: News Flash
Date: Sep 21, 2024
The Nippon Foundation-GEBCO Seabed 2030 Project is pleased to announce a new partnership with Exail,...
CB&I and Hanwha Ocean Receive Approval for Cargo Containment System and Ship Design for Liquid Hydrogen Carriers from DNV
Categories: News Flash
Date: Sep 21, 2024
CB&I, a wholly owned unrestricted subsidiary of McDermott, and Korean world-class shipbuilder Ha...