News Flash
Cosco Shipping Bulk orders 10 new bulkers
Categories: News Flash
Date: Jan 02, 2025
Cosco Shipping Bulk has inked a contract for ten 82,000 dwt bulk carriers with Jiangsu Hantong Heav...
AD Ports Group completes Noatum integration
Categories: News Flash
Date: Jan 02, 2025
AD Ports Group announced it has completed the biggest corporate restructuring in its history with t...
Container line reliability shows marked improvement
Categories: News Flash
Date: Jan 02, 2025
Sea-Intelligence’s Global Liner Report, which covers 34 global trade lanes covering over 60 contai...
ICTSI secures Mindanao terminal contract extension
Categories: News Flash
Date: Jan 02, 2025
The contract extension was awarded to ICTSI subsidiary Mindanao International Container Terminal Ser...
Cleanup Underway After Bulkers Collide in China’s Yangtze off Shanghai
Categories: News Flash
Date: Jan 01, 2025
A fuel spill cleanup is underway as officials work to understand why two giant bulkers collided in C...
Russia Marks Completion of Fourth Project 22220 Nuclear-Powered Icebreaker
Categories: News Flash
Date: Jan 01, 2025
Russian government officials, Rosatom, and the JSC Baltic Shipyard marked the completion of the four...
German foreign minister warns of Russian ‘shadow fleet’
Categories: News Flash
Date: Jan 01, 2025
Multiple recent incidents involving undersea cables in the Baltic Sea were unlikely to be a coincide...
Maritime Safety Committee – 109th session (MSC 109), 2-6 December 2024
Categories: News Flash
Date: Jan 01, 2025
The Maritime Safety Committee met for its 109th session at IMO Headquarters in London (in-person wit...
Pneumatic line throwers hit safety aims without the pyrotechnics
Categories: News Flash
Date: Jan 01, 2025
Restech pneumatic line throwers use compressed gas instead of explosives, making them safer, more pr...
Ample supply to pressure Asian LSFO market as bunker demand weakens
Categories: News Flash
Date: Jan 01, 2025
The Asian low sulfur fuel oil market is likely to be weighed down by more-than-sufficient supplies i...
Yang Ming to Implement Fleet Optimization Plan
Categories: News Flash
Date: Jan 01, 2025
Yang Ming Marine Transport Corporation (“Yang Ming”) held its 400th Board Meeting today (20th) a...
Finland finds drag marks on Baltic seabed after cable damage
Categories: News Flash
Date: Jan 01, 2025
Finnish police said on Sunday they had found tracks that drag on for dozens of kilometres along the ...
ITS Logistics November Supply Chain Report: Inflationary Pressure and Monetary Policy Uncertainty Among List of Key Concerns that Could Impact Supply Chain in 2025
Categories: News Flash
Date: Jan 01, 2025
ITS Logistics released the November ITS Supply Chain Report. Last month, the U.S. economy displayed ...
China’s recasting of UCO trade: Minimal impact on chemical shipping
Categories: News Flash
Date: Jan 01, 2025
China eliminated the 13% export tax rebate on the popular feedstock for biofuels-used cooking oil (U...
Havila Shipping ASA: Debt conversion into shares and registration of new share capital
Categories: News Flash
Date: Dec 31, 2024
Reference is made to the stock exchange announcements on 1 October and 16 December 2024, regarding t...
Russia’s 2024 LNG exports up 3%, half going to Europe
Categories: News Flash
Date: Dec 31, 2024
Russia’s exports of liquefied natural gas (LNG) increased by 3% in 2024 to exceed 32 million tonne...
Suez Canal tests new lane section to boost traffic
Categories: News Flash
Date: Dec 31, 2024
The Suez Canal has successfully tested a new lane that allows ships to travel in both directions alo...
Singapore boosts maritime, aviation hub role as cargo flows shift and supply chain risks rise
Categories: News Flash
Date: Dec 31, 2024
Singapore is investing further in its infrastructure, processes and workforce to solidify its positi...
Samsung Heavy Industries Subcontracts 4 Suezmax Tankers to China Due to Labor Shortages
Categories: News Flash
Date: Dec 31, 2024
Samsung Heavy Industries has announced its decision to outsource the construction of four Suezmax ta...
China’s recasting of UCO trade: Minimal impact on chemical shipping
Categories: News Flash
Date: Dec 31, 2024
China eliminated the 13% export tax rebate on the popular feedstock for biofuels-used cooking oil (U...
HJ Heavy Industries Secures Design Approval for 88,000㎥ Very Large Ammonia Carrier
Categories: News Flash
Date: Dec 31, 2024
HJ Heavy Industries announced on Dec. 30 that it has obtained design concept approval for an 88,000...
German foreign minister warns of Russian 'shadow fleet'
Categories: News Flash
Date: Dec 31, 2024
Multiple recent incidents involving undersea cables in the Baltic Sea were unlikely to be a coincide...
LNG shipping stocks: Modest gains despite low trading activity
Categories: News Flash
Date: Dec 31, 2024
Last week, the UP World LNG Shipping Index (UPI) outpaced the S&P 500, gaining 2.46% as the broa...
Asia Fuel Oil: Window activity thin; cautiousness on fundamentals remain
Categories: News Flash
Date: Dec 31, 2024
Asia’s fuel oil markets began the week with slow trading momentum, with traders remaining cautious...
Western Marine bounces back, set to export 8 ships to UAE
Categories: News Flash
Date: Dec 30, 2024
After a four-year hiatus in exports, Western Marine Shipyard, one of the country’s leading shipbui...
MOL Introduces Special Incentive Program for Employee Shareholding Plan-Aims to Enhance Engagement of Group Employees and Strengthen ‘Human Capital Management’
Categories: News Flash
Date: Dec 30, 2024
Mitsui O.S.K. Lines, Ltd. announced that it has decided to introduce a special incentive program to ...
India’s top maritime figures visit South Korea’s big three shipyards
Categories: News Flash
Date: Dec 30, 2024
A high-level Indian delegation visited HD Hyundai Heavy Industries (HD HHI)’ shipyard in Ulsan, So...
Norwegian shipping firm denies Moscow’s claim it refused to help sinking Russian ship
Categories: News Flash
Date: Dec 30, 2024
A Norwegian shipping company on Friday rejected an accusation from Dmitry Medvedev, deputy chairman ...
Korean shipping companies seek government support amid Trump tariff fears
Categories: News Flash
Date: Dec 30, 2024
Concerns are growing that global maritime traffic will decrease due to tariff barriers and heightene...
Samsung Heavy Industries is speeding up orders centered on high value-added ships
Categories: News Flash
Date: Dec 30, 2024
Samsung Heavy Industries is a super-sized ethanol carrier (VLEC) worth 742.2 billion won with ship o...
Maritime law has to be changed to protect undersea infrastructure, Estonia says
Categories: News Flash
Date: Dec 30, 2024
Centuries-old international maritime law has to be updated to outlaw damage to undersea infrastructu...
Houthi attack hits container ship in Arabian Sea
Categories: News Flash
Date: Dec 30, 2024
Yemen’s Houthi rebels claimed a drone attack on a Maersk container ship in the Arabian Sea on Dec....