News Flash
Norsepower secures €28 million from investors to bring sails back to shipping
Categories: News Flash
Date: Mar 29, 2023
Norsepower Oy Ltd., the leading global provider of mechanical sails for large ships, has successful...
Kongsberg Maritime to provide design, engineering and equipment on three methanol ready, wind-assisted tankers for Tärntank
Categories: News Flash
Date: Mar 29, 2023
Kongsberg Maritime will supply design, engineering, and equipment for three MGO/Biofuel and methano...
ICS publishes new landmark practical medical guide which can deliver a remarkable difference in seafarers’ and fishers’ lives on board vessels
Categories: News Flash
Date: Mar 29, 2023
Given the remote nature of shipping, seafarers know that their life may sometimes depend on at-hand...
Industry bodies unite in producing Guidelines for safe transport of Lithium-ion batteries in containers
Categories: News Flash
Date: Mar 29, 2023
The Lithium-ion Batteries in Containers Guidelines seek to prevent the increasing risks that the tr...
HSFO margins recover to nine-month highs
Categories: News Flash
Date: Mar 29, 2023
Refining margins for high sulphur fuel oil (HSFO) rose to nine-month highs as of Tuesday, supported...
DNV upgrades AFI platform to promote data-sharing and accelerate transition to zero-carbon shipping
Categories: News Flash
Date: Mar 29, 2023
DNV has enhanced its Alternative Fuels Insight (AFI) data platform as part of an effort to accelera...
Baltic index drops to a near 3-week low on lower vessel demand
Categories: News Flash
Date: Mar 29, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
ABS and Texas A&M Grow Global Strategic Relationship with $2.5m Donation to Endow Ocean Engineering Department Chair and Fund New Laboratory for Ocean Innovation
Categories: News Flash
Date: Mar 28, 2023
ABS and Texas A&M University (TAMU) are expanding their unique global strategic relationship wi...
Mission To Seafarers And Deutsche Seemannsmission Agree Partnership Deal To Support Seafarer Welfare In Panama
Categories: News Flash
Date: Mar 28, 2023
Leading maritime welfare organisations The Mission to Seafarers and Deutsche Seemannsmission have l...
DNV awards first D-INF(S) type approvals to COSCO and SHI for standardized data infrastructure systems
Categories: News Flash
Date: Mar 28, 2023
COSCO and SHI have received the world’s first D-INF(S) type approvals from DNV for their data col...
Wallenius Wilhelmsen: Electric vehicles pose a new threat to safety on the high seas
Categories: News Flash
Date: Mar 28, 2023
Shipping companies are facing an added concern with the increasing demand for electric vehicles. Fi...
Container freight rates expected to stay low as demand could remain subdued until Q3
Categories: News Flash
Date: Mar 28, 2023
Ocean freight rates are expected to remain subdued until the peak demand season later this year wh...
Shipping industry can save $50 bn through four enablers of operational efficiency
Categories: News Flash
Date: Mar 28, 2023
Anew insight brief series from the Global Maritime Forum identifies four actions that maritime and ...
Baltic index falls on lower vessel demand
Categories: News Flash
Date: Mar 28, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
MSC Adds Another Ultra Large Container Vessel to Its Fleet
Categories: News Flash
Date: Mar 28, 2023
MSC's fleet has welcomed the ultra-large boxship "CELESTINO MARESCA," which was delivered to the Ba...
Norwegian cargo ship struck tug and pier at Harlingen
Categories: News Flash
Date: Mar 28, 2023
General cargo ship HAGLAND CARRIER struck docked tug PETER (IMO 9842762) while berthing at Harlin...
Busan partners with marine science council to build world’s first prototype floating community
Categories: News Flash
Date: Mar 28, 2023
A marine science council will join a United Nations project to build the world’s first prototype ...
FTC criticized for delaying approval for Hanwha’s acquisition of DSME
Categories: News Flash
Date: Mar 27, 2023
Korea’s antitrust regulator has emerged as an unexpected obstacle to Hanwha Group’s acquisition...
Amazon, other retailers revamp ‘free’ shipping as costs soar
Categories: News Flash
Date: Mar 27, 2023
There is no such thing as free shipping. Even so, Amazon.com Inc AMZN.O and other online retaile...
Europe’s Ports Welcome The Agreement On FuelEU Maritime To Reduce Emissions From Shipping During Navigation And At Berth
Categories: News Flash
Date: Mar 27, 2023
The European Sea Ports Organisation (ESPO) is pleased to see that a preliminary agreement has been ...
BW LPG Chooses Closelink As New Procurement Platform
Categories: News Flash
Date: Mar 27, 2023
Closelink is excited to announce that BW LPG has joined its marine lubricants procurement platform ...
Freight Rebound Hopes Are Fading Under an Inventory Glut
Categories: News Flash
Date: Mar 27, 2023
Freight companies are dialing back expectations that demand will recover strongly in the second hal...
Latest intersessional IMO meeting provides important clues on what might be agreed in the revised GHG strategy in July 2023
Categories: News Flash
Date: Mar 27, 2023
Much of the specifics remain up in the air as IMO’s ISWG-GHG 14 meeting outcome leaves open a bro...
Dry Bulk Market: Capesize Market Down This Week
Categories: News Flash
Date: Mar 27, 2023
Capesize The Capesize market declined early in the week without much support from either of the ...
Supporting ballast water management in the Mediterranean Sea
Categories: News Flash
Date: Mar 27, 2023
Promoting the development of coordinated action throughout the Mediterranean Sea region to prevent ...
More bio-, hydrogen-based marine fuels required for net-zero emissions
Categories: News Flash
Date: Mar 27, 2023
The shipping industry will need to significantly increase its uptake of bio- and hydrogen-based mar...
New, updated version released of “Prevention of Pest Contamination of Containers: Joint Industry Guidelines for the Cleaning of Containers”
Categories: News Flash
Date: Mar 27, 2023
Every year, 241 million containers are transported across the seas with over 7 trillion dollars’ ...
Cash premiums steady on thin trade, inventories rise across key hubs
Categories: News Flash
Date: Mar 25, 2023
Asia’s fuel oil cash premiums were little changed on Friday amid thin trading momentum, while ons...
Maersk signs MOU with Shanghai International Port Group on green methanol bunkering
Categories: News Flash
Date: Mar 25, 2023
A.P. Moller-Maersk (Maersk) announced today that the company has signed a Memorandum of Understandi...
IMM shortlists 5 overseas firms in sale of Korea’s No. 1 LNG shipping company
Categories: News Flash
Date: Mar 25, 2023
IMM Private Equity Inc. and IMM Investment Corp. shortlisted five overseas companies in its bid to ...
ICS Disappointed With Lack of Progress in Latest IMO Meeting on Reduction of GHG Emissions From Ships
Categories: News Flash
Date: Mar 25, 2023
The International Chamber of Shipping’s reaction on the latest IMO meeting was one of disappointm...
Baltic index marks first weekly fall in five
Categories: News Flash
Date: Mar 25, 2023
The Baltic Exchange’s main sea freight index edged higher on Friday on stronger demand in the lar...