News Flash
China’s May coal imports rise 11% on lower domestic output
Categories: News Flash
Date: Jun 10, 2024
China’s imports of coal rose 11% in May from a year earlier, customs data and Reuters records show...
ABS Issues AIP for ECOLOG’s Low-Pressure 40,000 m3 Design for LCO2 Carrier
Categories: News Flash
Date: Jun 10, 2024
ABS issued an Approval in Principle (AIP) for a low pressure, shallow-draft, low carbon footprint 40...
International law crucial for robust shipping sector, says Hadjimanolis in Athens
Categories: News Flash
Date: Jun 10, 2024
Deputy Minister of Shipping Marina Hadjimanolis on Thursday, during her visit to Athens, highlighted...
China Takes Orders for 54 Ships vs. Korea’s 2 in May
Categories: News Flash
Date: Jun 10, 2024
The Korean shipbuilding industry’s share of global shipbuilding orders plummeted to less than 10 p...
Russian tanker group Sovcomflot expects sanctions to cut 2024 revenues
Categories: News Flash
Date: Jun 10, 2024
Russia’s leading tanker group Sovcomflot said western sanctions and changing market conditions may...
IMO presents pathway to net-zero shipping at Bonn climate talks
Categories: News Flash
Date: Jun 10, 2024
The International Maritime Organization (IMO) has outlined its latest progress and plans to decarbon...
Asia High-Sulphur Fuel Oil market to take a breather in strong rally
Categories: News Flash
Date: Jun 10, 2024
A rally in Asia’s High-Sulphur Fuel Oil (HSFO) market, boosted by lower Middle East exports and OP...
Norden: Expanding the strategic position in Capesize
Categories: News Flash
Date: Jun 08, 2024
During the first two months of Q2 2024, NORDEN has made four transactions, focusing on expanding the...
China’s May iron ore imports above 100 metric tons for third month
Categories: News Flash
Date: Jun 08, 2024
China’s iron ore imports in May stayed above 100 million metric tons for a third straight month, c...
Baltic index logs weekly gain on larger vessel rates
Categories: News Flash
Date: Jun 08, 2024
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commo...
Danish Shipping and The Emirates Shipping Association sign agreement on closer future cooperation
Categories: News Flash
Date: Jun 08, 2024
The two shipping associations have signed a Memorandum of Understanding (MoU) outlining intentions f...
Easier EEDI process: DNV validates Norsepower’s new EEDI/EEXI calculation method
Categories: News Flash
Date: Jun 08, 2024
Norsepower, the global market leader in mechanical sails, has presented a revolutionary calculation ...
Asia Fuel Oil-HSFO margin logs steep weekly decline as rally eases
Categories: News Flash
Date: Jun 08, 2024
Refining margins for High Sulphur Fuel Oil (HSFO) logged a sharp weekly drop as of Friday, with the ...
Tototheo Global and Neuron partner to bring AI-optimised multi-provider satellite connectivity to the maritime industry
Categories: News Flash
Date: Jun 08, 2024
Tototheo Global and Neuron have announced an agreement to deploy Neuron’s AI-powered Quality of Ex...
Laskaridis Shipping Co. Ltd. Hosts Shipping Roundtable Discussion with AMSA
Categories: News Flash
Date: Jun 08, 2024
On 6th June 2024, during Posidonia week, Laskaridis Shipping Co. Ltd. hosted a Roundtable Discussion...
The electrical connection of the ships means ‘a five-fold increase the installed power in the ports’
Categories: News Flash
Date: Jun 08, 2024
‘Green behaviour has become a tool for competitiveness, a zero-carbon footprint is increasingly de...
Suez Canal Authority decides to expand discounts on shipping services
Categories: News Flash
Date: Jun 08, 2024
The Suez Canal Authority has announced its decision to extend discounts for various types of ships a...
Bullish potential for crude tankers amid revised OPEC+ cuts
Categories: News Flash
Date: Jun 07, 2024
Crude tanker freight rates could garner support from non-OPEC+ production through the summer and lat...
Auramarine Wins Methanol Fuel Supply System Order for Pioneering Mein Schiff 7 Cruise Vessel
Categories: News Flash
Date: Jun 07, 2024
Auramarine Ltd, the leading fuel supply systems pioneer for the marine, process and power industries...
KR, Hanwha Ocean, Amogy and Hanwha Aerospace team up for application of ammonia reformers and ammonia fuel cell systems to ships
Categories: News Flash
Date: Jun 07, 2024
KR has announced a Memorandum of Understanding (MoU) with Hanwha Ocean, Amogy, and Hanwha Aerospace....
Kalmar to deliver eight Eco reachstackers to Maritime Transport, enabling fuel and emissions savings
Categories: News Flash
Date: Jun 07, 2024
Kalmar, part of Cargotec, has concluded an agreement with UK-based integrated road and rail freight ...
HD Hyundai Heavy Industries and Capital Gas Ship Management secure LR approval in principle for 40,000 cbm LCO2 carrier
Categories: News Flash
Date: Jun 07, 2024
HD HHI and Capital Gas Ship Management have received approval in principle for a 40,000 cbm LCO2 car...
T.E.N. contracts DNV for first shuttle tanker with Cyber Secure notation
Categories: News Flash
Date: Jun 07, 2024
At the Posidonia trade fair, classification society DNV presented Tsakos Energy Navigation Ltd (T.E....
Asia Fuel Oil-Market strength eases, inventories extend recovery
Categories: News Flash
Date: Jun 07, 2024
Asia’s High Sulphur Fuel Oil (HSFO) market continued to ease on Thursday, while onshore inventorie...
ABS to Create a Hellenic Ship Safety Center, Where the Future of Safety Meets the Future of Learning
Categories: News Flash
Date: Jun 07, 2024
ABS unveiled plans to create a pioneering new ship safety center in Athens harnessing the power of n...
Libra Group exits container shipping in $2 bln sales play
Categories: News Flash
Date: Jun 07, 2024
Libra Group exited the container shipping market this week after selling close to 100 vessels for mo...
Baltic index rises for 3rd day as larger vessel rates gain
Categories: News Flash
Date: Jun 07, 2024
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commo...
Russian crude exports slide to six-month low as Indian flows slump
Categories: News Flash
Date: Jun 06, 2024
Russian crude exports fell 10% to a six-month low in May, according to tanker tracking data, after f...
Performance Shipping Inc. Secures Charter Contract with Aramco for About 24 Months at US $41,000 per day
Categories: News Flash
Date: Jun 06, 2024
Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels...
Iron ore extends fall on softening China steel demand, bets of high supply
Categories: News Flash
Date: Jun 06, 2024
Iron ore futures prices extended their decline to a fifth straight session on Wednesday, pressured b...
ABB introduces Optimal Speed Routing to help vessels enhance fuel efficiency and reduce emissions
Categories: News Flash
Date: Jun 06, 2024
ABB has introduced a new feature to its Routing Services portfolio that will allow vessel owners to ...
SIRC & HEC Sign MoU at Posidonia 2024 As Deal-Making Takes Centre Stage at World’s Most Prestigious Shipping Trade Event
Categories: News Flash
Date: Jun 06, 2024
Business continued to flourish on the floor of the Metropolitan Expo Centre on the second day of Pos...