News Flash
Bangladesh: Scrap ship imports drop to two-decade low in 2024 for pandemic, war setbacks
Categories: News Flash
Date: Jan 06, 2025
Bangladesh’s shipbreaking industry imported only 144 scrap ships last year, totalling 9.68 lakh Gr...
Kwon Oh-gap urges South Korea’s shipbuilders to counter China and pursue U.S. ties
Categories: News Flash
Date: Jan 06, 2025
Kwon Oh-gap, chairman of HD Hyundai, said that in the Year of the Serpent, the group should respond ...
USG Supramax shipowners struggling to maintain higher freight rates
Categories: News Flash
Date: Jan 06, 2025
The USG Supramax freight market started the month with negative corrections. The market picture look...
How wind tech could help decarbonize cargo shipping
Categories: News Flash
Date: Jan 06, 2025
Inhabitants of the Marshall Islands—a chain of coral atolls in the center of the Pacific Ocean—r...
Maximising Fuel Efficiency Across Different Sailing Phases
Categories: News Flash
Date: Jan 06, 2025
Understanding varying fuel consumption patterns Different sailing phases – open sea, coastal tran...
Trade tales of the US: Impact of the new presidency on dry bulk commodities
Categories: News Flash
Date: Jan 06, 2025
Drewry expects volatility in trade to rise, impacting coal and grain trades when Donald Trump takes ...
SHIPPING: Asia-US container rates surge as port strike deadline looms; tanker rates flat to softer
Categories: News Flash
Date: Jan 06, 2025
Rates for shipping containers from Asia to the US surged this week as the deadline to avoid a strike...
Singapore iron ore falls below $100/T as China pre-holiday restocking nears end
Categories: News Flash
Date: Jan 04, 2025
Singapore iron ore futures fell below the $100-per-metric-ton key psychological level on Friday as s...
Finnish police detain Russian ‘ghost fleet’ ship crew as cable damage probe continues
Categories: News Flash
Date: Jan 04, 2025
The Eagle S is suspected of damaging the Estlink-2 power cable which runs under the Baltic Sea betwe...
Growth Likely on the Horizon for America’s Shipyards in 2nd Trump Administration
Categories: News Flash
Date: Jan 04, 2025
As the United States nears its 250-year celebration, what is old may be new again in the shipyard sp...
U.S. LNG exports soar in December, lifting full-year growth by 4.5%
Categories: News Flash
Date: Jan 04, 2025
U.S. LNG exports reached near record levels in December, rising to 8.5 million metric tonnes (MT) as...
Fuel Oil Benchmarks ease; discussions largely rangebound
Categories: News Flash
Date: Jan 04, 2025
Spot benchmarks for fuel oil ended the week on a steady to softer note, while bids and offers were m...
HD KSOE eyes $180.05 bn worth of orders in 2025
Categories: News Flash
Date: Jan 04, 2025
South Korea’s largest shipbuilder, HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE),...
Euroseas Ltd. Announces Time Charter for its Older Containership, M/V Aegean Express, and Spin-off of its Older Three Vessels into a Separate Company
Categories: News Flash
Date: Jan 04, 2025
Euroseas Ltd., an owner and operator of container carrier vessels and provider of seaborne transport...
Union dockworkers, ports to resume negotiations ahead of 15 Jan deadline
Categories: News Flash
Date: Jan 04, 2025
Union dockworkers and representatives for US Gulf and East Coast ports are expected to resume negoti...
Alternative-fuelled ship orders grow 50% in 2024
Categories: News Flash
Date: Jan 04, 2025
Shipowners continued to invest for a future of lower emissions in 2024, with 600 vessels capable of ...
Baltic index extends gain as larger vessel rates firm
Categories: News Flash
Date: Jan 04, 2025
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk c...
TMC’s energy-saving compressors chosen for methanol-fuelled container vessels
Categories: News Flash
Date: Jan 03, 2025
Yangzijiang Shipbuilding Group has awarded a contract to TMC Compressors to deliver its highly energ...
HD Hyundai hunts shipbuilding growth despite rise in global protectionism
Categories: News Flash
Date: Jan 03, 2025
HD Hyundai Chairman Kwon Oh-gap urged employees across the group’s heavy industry affiliates to st...
Shipbreaking industry to implement workers’ minimum wages from new year
Categories: News Flash
Date: Jan 03, 2025
The country’s shipbreaking industry is going to implement the minimum wages for its workers, set b...
LILA GLOBAL – Diversified fleet of quality ships
Categories: News Flash
Date: Jan 03, 2025
Lila Global is pleased to announce the appointment of Dr. Abdul Rahim as its Chief Maritime Strategy...
Russia warns of severe environmental damage as oil from damaged tankers washes up on beaches
Categories: News Flash
Date: Jan 03, 2025
Russian officials warned of severe environmental damage Wednesday as thousands of people came out to...
As Biden administration winds down, US ramps up strikes on Houthi rebels
Categories: News Flash
Date: Jan 03, 2025
The US is stepping up its strikes against the Houthi rebels in Yemen, an effort in the waning days o...
The Risks of Decarbonized and Digitalized Shipping
Categories: News Flash
Date: Jan 03, 2025
Imagine a harbor in a major maritime conflict. A large container ship sits idle because the Liquefie...
Asia Fuel Oil: Premiums inch higher on first trading day
Categories: News Flash
Date: Jan 03, 2025
Spot fuel oil premiums in Asia edged up on the first trading day of 2025, buoyed by stronger-priced ...
IMO Secretary-General new year message
Categories: News Flash
Date: Jan 03, 2025
International Maritime Organization (IMO) Secretary-General Arsenio Dominguez has highlighted key it...
Baltic index rises on gains in larger vessel segments
Categories: News Flash
Date: Jan 03, 2025
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk c...
NorthStandard members embrace digital watchkeeping technology
Categories: News Flash
Date: Jan 02, 2025
Five heavyweight shipping companies are set to install Orca AI’s situational awareness systems on ...
How offshore charging systems can power maritime’s net zero transition
Categories: News Flash
Date: Jan 02, 2025
As the world grapples with ambitious net zero targets, more focus than ever is being placed on the m...
Navantia strikes Harland and Wolff deal at knocked-down price
Categories: News Flash
Date: Jan 02, 2025
The Spanish company struck a hard bargain but, with no other parties in the ring, it could call the ...
Monjasa to start LNG bunkering in the UAE
Categories: News Flash
Date: Jan 02, 2025
The bunker company chartered the 5,000 cu metres Green Zeebrugge in Amsterdam in November, and she...
McAllister Towing celebrates 160 years in style
Categories: News Flash
Date: Jan 02, 2025
The crowd, many dressed in colors reflecting the Holiday season, included customers, suppliers, and ...