News Flash
U.S. East Coast port union strike threat to test shippers’ nerves
Categories: News Flash
Date: Jun 14, 2024
Labor talks at U.S. ports on the East Coast and Gulf of Mexico are a looming risk for retailers, man...
Kongsberg Maritime announces groundbreaking, fuel efficient bulker design
Categories: News Flash
Date: Jun 14, 2024
Kongsberg Maritime has unveiled its radical new ‘Super-Efficient Bulker’ vessel design concept. ...
Asia Fuel Oil-Benchmarks rangebound while Singapore inventories climb
Categories: News Flash
Date: Jun 14, 2024
Singapore fuel oil benchmarks were rangebound on Thursday, while onshore inventories recovered for a...
Baltic index hits near 1-month peak on strong vessels demand
Categories: News Flash
Date: Jun 14, 2024
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commo...
Newbuilding Prices Climb 3% To Highest Level In 16 Years
Categories: News Flash
Date: Jun 13, 2024
Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Com...
Berg Secures Louis Dreyfus Armateurs Propulsion Package for Wind-Assisted Airbus Ro-Ro Vessels
Categories: News Flash
Date: Jun 13, 2024
BERG Propulsion has won a contract covering the hybrid propulsion solution that ensure three wind-as...
Asia Fuel Oil-HSFO Market Recovers; VLSFO Capped by Ample Supply
Categories: News Flash
Date: Jun 13, 2024
Asia’s High Sulphur Fuel Oil (HSFO) firmed slightly this week, while benchmarks for Very Low Sulph...
TES and “K” LINE Partner for Sustainable Maritime Shipping Solutions
Categories: News Flash
Date: Jun 13, 2024
Tree Energy Solutions (TES), a global green energy company leading the way in the production of e-NG...
US Importers Caught In A Vicious Circle As Labor Union Strike Threat Raises Fears Of Soaring Freight Rates And Massive Disruption At US East And Gulf Coast Ports
Categories: News Flash
Date: Jun 13, 2024
Threat of strike action at US East and Gulf Coast ports may see importers accelerate efforts to prot...
Port Congestion, Far East
Categories: News Flash
Date: Jun 13, 2024
This week’s chart visualizes the 14-day moving average of actual port days for energy cargo at Far...
Rhine In South Germany Reopens to Shipping As Water Levels Fall
Categories: News Flash
Date: Jun 13, 2024
The river Rhine in South Germany reopened to cargo shipping on Wednesday after being closed by high ...
IMO Mandates That Containers Lost at Sea Must Be Reported
Categories: News Flash
Date: Jun 13, 2024
A step forward for international maritime safety occurred in London recently during the meeting of t...
Shipping Container Prices Soar By 26% In Singapore, Leasing Rates Double
Categories: News Flash
Date: Jun 13, 2024
Recent data from Container xChange indicates a significant impact of congestion on the average conta...
Baltic Index Inches Up As Panamax Gains Offset Capesize Losses
Categories: News Flash
Date: Jun 13, 2024
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commo...
Konecranes powers up for the future by expanding its electrified portfolio and redefining operations between ship and container stack technology
Categories: News Flash
Date: Jun 12, 2024
Konecranes today announced a number of Port Solutions portfolio launches that reinforce its innovati...
SeaLead Launches Liner Shipping Service Connecting China, South Korea and US West Coast
Categories: News Flash
Date: Jun 12, 2024
SeaLead announces the commencement of its new direct liner shipping service, linking China with Sout...
IMO to open regional office in Fiji to serve the Pacific
Categories: News Flash
Date: Jun 12, 2024
IMO will open its seventh Regional Presence Office, in Suva, Fiji, to serve countries and territorie...
Saudi crude oil exports to China to fall for 3rd straight month in July, sources say
Categories: News Flash
Date: Jun 12, 2024
Saudi crude oil exports to China will fall in July for a third straight month to about 36 million ba...
ScanReach Launches Gas Detection Capabilities for Enhanced Onboard Safety
Categories: News Flash
Date: Jun 12, 2024
ScanReach, a pioneer in maritime IoT solutions, announces the launch of its Fire Risk & Onboard ...
Houlder showcases innovative methanol bunkering vessel design in SPINE project
Categories: News Flash
Date: Jun 12, 2024
Houlder, the design and engineering consultancy with sustainability at its core, is pleased to annou...
Seamar Management invests in FuelOpt™ of Manta Marine Technologies
Categories: News Flash
Date: Jun 12, 2024
Seamar Management S.A. is taking a significant step forward in its ongoing commitment to provide sus...
Hapag-Lloyd sees no immediate Suez passage even if ceasefire reached now
Categories: News Flash
Date: Jun 12, 2024
German shipping company Hapag-Lloyd does not anticipate the shipping industry to resume sailing thro...
Asia Fuel Oil-Spot premiums rangebound, cracks inch slightly up
Categories: News Flash
Date: Jun 12, 2024
Spot premiums for fuel oil were rangebound in Asia on Tuesday as the market continued to eye upcomin...
Baltic index hits one-week low as capesize rates dip
Categories: News Flash
Date: Jun 12, 2024
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commo...
Russia plans coal exports to India via Iran
Categories: News Flash
Date: Jun 11, 2024
Russia has announced plans to export coal to India using Iran’s railways. This announcement was ma...
APM Terminals Elizabeth Advances $ 5M Electrification Pilot Project with $ 1.4M EPA Grant
Categories: News Flash
Date: Jun 11, 2024
APM Terminals Elizabeth is proud to announce significant progress in its $ 5 million investment for ...
Qatar Shipyard Receives Remote Survey Approval from ABS
Categories: News Flash
Date: Jun 11, 2024
As part of a pioneering Joint Development Project (JDP), ABS approved a range of ship repair and ret...
London P&I Club reports strong financial results for the 2023/24 financial year
Categories: News Flash
Date: Jun 11, 2024
The London P&I Club has today announced its financial results for 2023/24, reporting an operatin...
TMS Group and Lloyd’s Register team up for Energy Transition Strategy Project
Categories: News Flash
Date: Jun 11, 2024
TMS Tankers Ltd. and TMS Cardiff Gas Ltd. have entered into a strategic partnership with Lloyd’s R...
First Demonstration In Korea Of Marine Ammonia Engine Combustion Technology: Reduces Carbon Dioxide Emissions By 50%, A Promising Signal For A Shipbuilding Powerhouse
Categories: News Flash
Date: Jun 11, 2024
MW-class marine engine combustion technology that uses ammonia, a future renewable energy source, as...
Sanctioned Russian tanker transfers Urals crude oil to another ship off Malaysia
Categories: News Flash
Date: Jun 11, 2024
Oil tanker SCF Primorye, owned by Russian state shipping company Sovcomflot and sanctioned by the Un...
Asia Fuel Oil-Spot VLSFO market extends fall on multiple spot offers
Categories: News Flash
Date: Jun 11, 2024
Spot premiums for Very Low Sulphur Fuel Oil (VLSFO) extended declines on Monday as selling interest ...