News Flash
Arctic LNG 2's Investors Get Nervous as American Sanctions Begin to Bite
Categories: News Flash
Date: Jan 02, 2024
Novatek's Arctic LNG 2 project is one of the most significant liquefied natural gas export developm...
Shell Fined $1.2M After Worker's Feet Were Crushed in Gangway Accident
Categories: News Flash
Date: Jan 02, 2024
Energy giant Shell and offshore access provider Ampelmann have been fined $1.5 million after t...
UK Says it is Prepared for Military Action in Red Sea to Defend Shipping
Categories: News Flash
Date: Jan 02, 2024
The UK is reiterating that it is prepared to take direct military action in response to what Defenc...
Eight Missing After New Bunker Vessel Collides with Chinese Fishing Boat
Categories: News Flash
Date: Jan 02, 2024
Chinese authorities are investigating an accident between a new Singapore-registered bunker vessel ...
Carrier USS Ford Finally Heads Home After Extended Mission in East Med
Categories: News Flash
Date: Jan 02, 2024
The first-in-class carrier USS Gerald R. Ford has capped off an eight-month extended depl...
USCG Says There is “No Immediate Risk” After Cargo Fire on Ship off Alaska
Categories: News Flash
Date: Jan 02, 2024
The U.S. Coast Guard is reporting that there is no active fire or immediate risk aboard the cargo s...
Asian-Based Carriers Jump to the Lead in Schedule Reliability
Categories: News Flash
Date: Jan 02, 2024
Schedule reliability took its second major drop of 2023 in November during a year of mostly positiv...
Advancing Sustainable Ship Recycling: The Imperative of Hong Kong Convention (HKC) as the Sole Regulation
Categories: News Flash
Date: Jan 01, 2024
Ship recycling, constituting a fundamental pillar of the maritime industry, is pivotal for environm...
Asia’s thermal coal trade in 2023 to stay strong; world imports to drop in 2024
Categories: News Flash
Date: Jan 01, 2024
Thermal coal trade in Asia in 2023 is set to outpace 2022 by 17%, with the biggest driver of this r...
Fraudulent origins suspected for 80% of the EU’s UCO imports – T&E
Categories: News Flash
Date: Jan 01, 2024
The European Commission recently published data from International Sustainability and Carbon Certif...
Hapag-Lloyd, Japanese shipping firms continue to re-route from Suez Canal
Categories: News Flash
Date: Jan 01, 2024
Hapag-Lloyd HLAG.DE will continue to divert its vessels around the Suez Canal for security reasons,...
Delay in Brazilian planting to boost US soybean exports in Q1 2024
Categories: News Flash
Date: Jan 01, 2024
The US soybean exports in the first quarter of 2024 are expected to get a boost from Brazil’s pla...
Asia Fuel Oil-Margins log climb in 2023; supply pressure weighs in 2024
Categories: News Flash
Date: Jan 01, 2024
Fuel oil refining margins logged a yearly increase in Asia, data from LSEG showed on Friday, though...
China’s first 2024 refined fuel export quotas flat vs year ago
Categories: News Flash
Date: Jan 01, 2024
China has issued its first refined fuel export quotas for 2024 totalling 19 million metric tons, a ...
GAC expands operations in Germany
Categories: News Flash
Date: Jan 01, 2024
GAC Germany, a leading provider of shipping and logistics services in Northern Europe, is set to op...
APM Terminals Japan to join growing network offering green methanol bunkering
Categories: News Flash
Date: Jan 01, 2024
The City of Yokohama, Mitsubishi Gas Chemical (MGC) and Maersk have signed a Memorandum of Understa...
Dalian iron ore gains 55% in 2023 on China stimulus measures
Categories: News Flash
Date: Jan 01, 2024
Dalian iron ore futures ended 2023 with 55.1% jump, driven by stimulus measures in China, while the...
Indian Register of Shipping reflects on 2023 and charts course for 2024 – towards a more sustainable future
Categories: News Flash
Date: Dec 29, 2023
The Indian Register of Shipping (IRS) has made significant progress throughout the year 2023. The o...
WAF VLCC rates drop to near two-month lows amid Christmas fixing lull
Categories: News Flash
Date: Dec 29, 2023
Freight rates for Very Large Crude Carrier voyages loading in West Africa have fallen to near their...
China aims to build more than half the world’s cleaner-fuel ships by 2025
Categories: News Flash
Date: Dec 29, 2023
China has set itself the goal of producing more than half of the world’s shipspowered by cleaner ...
Red Sea Crisis Could Further Limit Ship Recycling Activity
Categories: News Flash
Date: Dec 29, 2023
The rise in freight rates, as a result of the crisis in the Red Sea, is expected to incentivize own...
Bulk carrier hits mine in Black Sea, two people injured, Ukraine says
Categories: News Flash
Date: Dec 29, 2023
A Panama-flagged bulk carrier that was headed to a River Danube port to load grain hit a Russian mi...
Clean-up begins after Maersk loses shipping containers in North Sea
Categories: News Flash
Date: Dec 29, 2023
Debris has washed up on beaches along Denmark’s North Sea shoreline after a Maersk container ship...
Shipbuilding Activity Focuses Eastwards
Categories: News Flash
Date: Dec 29, 2023
Asian owners have been more active in the newbuilding market during the Festive period. In its late...
Techano: Awarded offshore crane contract
Categories: News Flash
Date: Dec 29, 2023
Nekkar’s subsidiary Techano Oceanlift has been awarded a contract by Sefine Shipyard to deliver a...
Attack on a ship off India’s west coast can raise war risk premiums as security tightens
Categories: News Flash
Date: Dec 29, 2023
India has deployed missile destroyers in the Arabian Sea following the drone attack on a chemicals ...
Fuel Cells Are Here To Decarbonise 15% Of The Global Fleet, Now
Categories: News Flash
Date: Dec 29, 2023
Fuel cells are ready to take on the heavy lifting of decarbonisation. There is a new generation of ...
Asia LNG prices hit 4-month low despite supply, geopolitical concerns
Categories: News Flash
Date: Dec 27, 2023
Asian spot liquefied natural gas (LNG) prices hit their lowest level in over four months this week ...
Dalian iron ore extends rally on positive state bank developments
Categories: News Flash
Date: Dec 27, 2023
Dalian iron ore futures rose for the fourth straight session and recorded their best day in two mon...
Higher Shipping Freight Rates to Offset Costs of Re-Routing from Suez
Categories: News Flash
Date: Dec 27, 2023
Re-routing ships around Africa and away from the Suez Canal following attacks on commercial vessels...
Global retailers, goods facing disruption risks from Red Sea attacks
Categories: News Flash
Date: Dec 27, 2023
Global retailers selling apparel, household staples and white goods face bigger risks from disrupti...
Panama Canal has seen no traffic increase amid attacks in Red Sea
Categories: News Flash
Date: Dec 27, 2023
The Panama Canal Authority said on Thursday it has not seen a notable traffic increase due to thesi...