News Flash
China Merchants Energy Tech strike deal with Union Maritime Ltd to supply BAR Technologies WindWings® for new MARIC designed LR2 tankers at New Yangzi Shipbuilding
Categories: News Flash
Date: Jun 19, 2024
Emer International Limited, a subsidiary of CM Energy Tech Co., Ltd (CM Energy), has signed two cont...
Asia Fuel Oil-Visco spread narrows; market eyes South Asia tenders
Categories: News Flash
Date: Jun 19, 2024
Asia’s viscosity spread for cst High Sulphur Fuel Oil (HSFO) narrowed further on Tuesday, while th...
South Korea Bolsters Shipbuilding Industry with $10.75 Billion Financial Support
Categories: News Flash
Date: Jun 19, 2024
In a significant move to bolster South Korea’s shipbuilding industry, Minister of Trade, Industry ...
Healthy TEU Volumes at U.S. Ports Amid Softening Industrial Demand
Categories: News Flash
Date: Jun 19, 2024
Cushman & Wakefield’s (NYSE: CWK) latest report on U.S. Ports shows 13 key port-proximate indu...
SRC and GREEN MARINE join forces to bring Methanol Superstorage to market
Categories: News Flash
Date: Jun 19, 2024
SRC Group and GREEN MARINE have signed a collaborative agreement which brings two of the strongest a...
ENGINE: East of Suez Bunker Fuel Availability Outlook
Categories: News Flash
Date: Jun 19, 2024
Singapore and Southeast Asia Lead times for VLSFO in Singapore have fluctuated lately, with most ...
Tymor Marine formalises partnership with Mercy Ships
Categories: News Flash
Date: Jun 19, 2024
Tymor Marine, a maritime technology and naval architecture consultancy based in Aberdeen, UK, has si...
Baltic index hits more than one-month high as capesize rates rise
Categories: News Flash
Date: Jun 19, 2024
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commo...
Dry Bulk Second Hand Ships in High Demand
Categories: News Flash
Date: Jun 18, 2024
Demand for second hand bulkers has been quite strong since the start of 2024. In fact, according to ...
Solis Marine confirms raft of appointments across the company’s UK and Singapore businesses
Categories: News Flash
Date: Jun 18, 2024
Solis Marine has announced a series of appointments across its UK and Singapore based businesses as ...
FBX Index June 2024: Looking forward
Categories: News Flash
Date: Jun 18, 2024
In May, the FBX index exhibited a consistent upward trend. The index commenced at $2,409 and conclud...
Industry leaders call on governments to recognise impact of increasing protectionism globally at leading Summit in Montreal
Categories: News Flash
Date: Jun 18, 2024
The International Chamber of Shipping (ICS) and the Chamber of Marine Commerce, Canada (CMC) convene...
Red Sea diversions and slower ports cause bigger-than-expected issues – will they last?
Categories: News Flash
Date: Jun 18, 2024
Since early May, shippers, forwarders/NVOs, ocean carriers and ports have experienced a return to ca...
Insightful WISTA Hellas Seminar on “A People-Centered Decarbonization Concept Beyond Sea Level Boundaries” within the framework of the METAVASEA project held at Posidonia 2024
Categories: News Flash
Date: Jun 18, 2024
On Thursday, June 5, within the framework of the METAVASEA project, we proudly hosted an insightful ...
Philippine captain vows to return to sea after Houthi attack
Categories: News Flash
Date: Jun 18, 2024
The Philippine crew of a vessel attacked by Yemen’s Houthi militants was repatriated to the Philip...
S. Korean companies encounter heightened challenges amid prolonged Russia-Ukraine conflict
Categories: News Flash
Date: Jun 18, 2024
As the war between Russia and Ukraine drags on, South Korean companies are increasingly grappling wi...
Baltic Index Flat As Gains In Smaller Vessels Offset Weaker Capesize
Categories: News Flash
Date: Jun 18, 2024
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commo...
OrbitMI giving sense of direction to navigate ‘confusing’ digital landscape for healthy tech adoption
Categories: News Flash
Date: Jun 18, 2024
The maritime software market is brimming with a raft of vendors offering a slew of technologies for ...
Flexibility and Future-facing: Ingredients for A Positive Maritime Industry Outlook
Categories: News Flash
Date: Jun 15, 2024
GP General Procurement Company Limited (GENPRO) was delighted to welcome trade and logistics expert ...
Iron ore extends gains; falls for a third week on China demand woes
Categories: News Flash
Date: Jun 15, 2024
Iron ore futures rose for a second straight session on Friday, supported by higher-than-expected hot...
The Valencia Containerised Freight Index (VCFI) decreases in May by -12.98%
Categories: News Flash
Date: Jun 15, 2024
The Valencia Containerised Freight Index (VCFI) for the month of May decreases in a scenario in whic...
GAC to acquire Quadrant Pacific’s ship agency business
Categories: News Flash
Date: Jun 15, 2024
GAC Group, a leading provider of shipping, logistics and marine services in the Asia-Pacific market,...
TECO 2030, BLOM Maritime and Samskip receive ENOVA grant to retrofit Samskip LNG Vessel with fuel cells and hydrogen fuel
Categories: News Flash
Date: Jun 15, 2024
TECO 2030 together with BLOM Maritime and Samskip receive a grant for a pre-project aiming to retrof...
INTERCARGO condemns deadly attacks on bulk carriers
Categories: News Flash
Date: Jun 15, 2024
Following news that a seafarer has died and another has been seriously injured in the latest Houthi ...
Rescue underway for crew of Greek-owned vessel hit by Houthis, Philippines says
Categories: News Flash
Date: Jun 15, 2024
The crew of a Greek-owned vessel Tutor that was damaged in an attack by Yemeni Houthi militants in t...
Asia Fuel Oil-Markets end week on largely stable note
Categories: News Flash
Date: Jun 15, 2024
Fuel oil benchmarks were broadly stable in Asia on Friday, with cash premiums and crack spreads rang...
Spot rate growth slows but ocean container shipping market will remain extremely challenging
Categories: News Flash
Date: Jun 15, 2024
Ocean freight container shipping spot rates are set to increase further, but there are signs the rec...
Baltic index logs weekly gain on higher rates for smaller vessels
Categories: News Flash
Date: Jun 15, 2024
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commo...
Oil dips in see-saw session; eyes on US economic data and Fed
Categories: News Flash
Date: Jun 14, 2024
Oil prices dipped slightly on Thursday in up-and-down trade, pressured by rising U.S. crude and fuel...
Seanergy Maritime Announces Successful Delivery of a Japanese Capesize Vessel and Two New Time Charter Agreements with Costamare Bulkers Inc.
Categories: News Flash
Date: Jun 14, 2024
Seanergy Maritime Holdings Corp. announced today the delivery of a previously-announced Capesize ves...
Port Of Los Angeles May Cargo Volume ‘Strong, Consistent’ At 753,000 Container Units
Categories: News Flash
Date: Jun 14, 2024
The Port of Los Angeles processed 752,893 Twenty-Foot Equivalent Units (TEUs) in May. While that rep...
Baltimore’s busy port fully reopens after bridge collapse, and a return to normal is expected
Categories: News Flash
Date: Jun 14, 2024
Commercial shipping traffic through the Port of Baltimore is expected to return to normal levels nex...