News Flash
LME scrap volumes increase on week; rebar forward curve in contango structure
Categories: News Flash
Date: Sep 23, 2024
Volumes traded for the scrap futures contracts on the London Metal Exchange, which settle basis the ...
US fuel oil exports surge as Asian and Middle Eastern demand rises
Categories: News Flash
Date: Sep 23, 2024
US fuel oil exports have surged by 45% this month as demand grows in Asia and the Middle East, while...
Decarbonisation needs collaborative ‘kick-start’
Categories: News Flash
Date: Sep 23, 2024
In a panel discussion called by the World Economic Forum in Gothenburg, Sweden on Monday, APM Termin...
Procureship partners with SpecTec Group to enhance fleet management capabilities for global shipowners and managers
Categories: News Flash
Date: Sep 23, 2024
Procureship has signed an agreement with SpecTec Group to integrate SpecTec’s AMOS Procurement and...
FBI agents have boarded vessel managed by Synergy Marine Group whose other cargo ship collapsed Baltimore bridge
Categories: News Flash
Date: Sep 23, 2024
Federal agents on Saturday boarded a vessel managed by the same company as a cargo ship that caused ...
Methane abatement group adds BP, CMA CGM and GTT as global reach grows
Categories: News Flash
Date: Sep 23, 2024
Energy giant BP’s maritime arm BP Shipping, shipping company CMA CGM, and LNG containment technolo...
Global consortium pioneers ammonia cargo transfer between ships at Australian port
Categories: News Flash
Date: Sep 23, 2024
Japan’s Mitsui O.S.K. Lines, Norway’s Yara and Singapore’s Global Centre for Maritime Decarbon...
Red Sea insurance costs soar as Houthi shipping threats loom, sources say
Categories: News Flash
Date: Sep 23, 2024
The cost of insuring a ship through the Red Sea has more than doubled since the start of September a...
Lower Shipping Emissions May Lead to Higher Global Temperatures
Categories: News Flash
Date: Sep 23, 2024
Products that we depend on and use every day arrive by way of massive container ships to ports aroun...
Tanker Market: VLCCs Continue Firming Up
Categories: News Flash
Date: Sep 23, 2024
Clean LR2 LR’s in the MEG showed the optimistic beginnings of freight improvement this week afte...
Asia-US container rates fall further ahead of looming dock worker strike
Categories: News Flash
Date: Sep 23, 2024
Rates for shipping containers from Asia to the US fell again this week, but carriers are warning cus...
Hefring Marine partners with UAE’s BluePass to expand in region
Categories: News Flash
Date: Sep 21, 2024
UAE – Hefring Marine, a global leader in marine technology and vessel intelligence systems, has pa...
Seabed 2030 and Exail join forces to accelerate ocean floor mapping efforts
Categories: News Flash
Date: Sep 21, 2024
The Nippon Foundation-GEBCO Seabed 2030 Project is pleased to announce a new partnership with Exail,...
CB&I and Hanwha Ocean Receive Approval for Cargo Containment System and Ship Design for Liquid Hydrogen Carriers from DNV
Categories: News Flash
Date: Sep 21, 2024
CB&I, a wholly owned unrestricted subsidiary of McDermott, and Korean world-class shipbuilder Ha...
NYK Launches a Brand “HULL NUMBER ZERO” for the Group’s Technology Solutions Integration Solving Ship Issues with Technology and Strengthening the Key Strategies of the Medium-Term Management Plan
Categories: News Flash
Date: Sep 21, 2024
NYK has launched its new “HULL NUMBER ZERO” (HNZ) brand to integrate the technical solutions of ...
GTT secures an order for the tank design for the world’s six largest ethane carriers
Categories: News Flash
Date: Sep 21, 2024
GTT announces that it has received, in the third quarter of 2024, an order from its partner Jiangnan...
Asia Fuel Oil-VLSFO cracks jump; China issues third batch of export quotas
Categories: News Flash
Date: Sep 21, 2024
Cracks for very low sulphur fuel oil (VLSFO) gained on Friday even as spot premiums were largely ran...
Pertamina’s shipping unit to double tanker fleet in next 10 years
Categories: News Flash
Date: Sep 21, 2024
The shipping unit of Indonesia’s state energy firm Pertamina plans to double its fleet of 320 tank...
Action needed to meet growing demand for sustainable fuels on Rotterdam-Singapore shipping corridor
Categories: News Flash
Date: Sep 21, 2024
As the maritime industry accelerates efforts to decarbonise, the Rotterdam-Singapore Green and Digit...
Port strike on US East Coast would spark supply-chain glitches from outset, shipping firm exec says
Categories: News Flash
Date: Sep 21, 2024
A threatened Oct. 1 strike by dockworkers at ports on the U.S. East Coast and Gulf of Mexico would i...
Baltic index headed for weekly gain on panamax strength
Categories: News Flash
Date: Sep 21, 2024
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commo...
Indian refiners jointly negotiating for 2025 Russian oil supplies, govt source says
Categories: News Flash
Date: Sep 20, 2024
Indian refiners are jointly negotiating to purchase Russian oil for next year, a government source s...
CBAM in current form has no benefit for European stainless steel industry: CEOs
Categories: News Flash
Date: Sep 20, 2024
The European carbon border adjustment mechanism (CBAM) in its current form will not benefit the Euro...
ABS Approves IMODCO’s New Energy Terminals for Offshore Ammonia Transfers
Categories: News Flash
Date: Sep 20, 2024
Representatives from ABS and IMODCO Terminals SA, a division of SBM Offshore, met at Gastech 2024 wh...
Asia Fuel Oil-Market steady to softer; Kuwait offers more HSFO for October
Categories: News Flash
Date: Sep 20, 2024
Asia’s fuel oil market was steady to softer on Thursday, with spot premiums for 0.5% low sulphur f...
Russia’s August seaborne oil product exports down 2.3% m/m, Reuters calculations show
Categories: News Flash
Date: Sep 20, 2024
Russia’s seaborne oil product exports in August fell to 9.074 million metric tons, down 2.3% month...
Argentina grains ships load less cargo as river levels hit near-record lows
Categories: News Flash
Date: Sep 20, 2024
Huge grains ships loading up with soy and corn at Argentina’s major inland river ports around Rosa...
NYK and Oono Development Sign MoU to Commercialize Ship Recycling Business
Categories: News Flash
Date: Sep 20, 2024
Nippon Yusen Kabushiki Kaisha (“NYK”) and Oono Development Co.,Ltd. (“Oono Development”) hav...
India to buy more second-hand vessels to raise container capacity
Categories: News Flash
Date: Sep 20, 2024
India will purchase more second-hand vessels to add to the country’s container shipping capacity, ...
IMO’s Marine Environment Protection Committee (MEPC 82) to convene on key environmental issues
Categories: News Flash
Date: Sep 20, 2024
The International Maritime Organization’s Marine Environment Protection Committee (MEPC) meets in-...
Baltic index rises as rates climb across vessel segments
Categories: News Flash
Date: Sep 20, 2024
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commo...
US sues ship firms for $100m over Baltimore bridge crash
Categories: News Flash
Date: Sep 19, 2024
The US government has filed a $100m (£75.6m) lawsuit against the owner and operator of a cargo ship...