News Flash
Russian ESPO crude freight rates plunge amid tanker surplus
Categories: News Flash
Date: May 05, 2025
Freight rates for ESPO Blend crude oil being transported from the Russian port of Kozmino to destina...
South Korean refiners see slim chance of Iranian crude trade resumption under Trump
Categories: News Flash
Date: May 05, 2025
South Korean refiners and petrochemical producers have nearly ruled out the resumption of Iranian cr...
US LNG exports surge to new highs on strong buying by Europe
Categories: News Flash
Date: May 05, 2025
U.S. exports of LNG so far this year have surged by over 20% from the same period a year ago, driven...
LNG traders divert four US cargoes from Europe to Asia
Categories: News Flash
Date: May 05, 2025
Four cargoes of liquefied natural gas headed for Europe changed course to Asia in the last two weeks...
Are electric motors the future of shipping?
Categories: News Flash
Date: May 05, 2025
The two-minute trip across the Rhine on the Mondorf ferry used to be accompanied by clouds of sooty ...
IMO mid-term measures: expert guidance required following MEPC 83
Categories: News Flash
Date: May 05, 2025
As part of our recent webinar following MEPC 83, two of LR’s regulatory and advisory experts expla...
Tanker Market: Extreme Uncertainty is the New Norm
Categories: News Flash
Date: May 05, 2025
A prolonged period of too many unknowns seems to now be the new operating reality for tanker owners....
Last Chevron-chartered vessel starts to return oil cargo in Venezuela, data and source say
Categories: News Flash
Date: May 03, 2025
A vessel chartered by Chevron CVX carrying some 300,000 barrels of Venezuelan oil was set to start d...
HSBC says trade turmoil poses serious risks to global growth
Categories: News Flash
Date: May 03, 2025
Shifting global trade relations have increased economic uncertainty with serious risks to growth, ma...
Greece approves tender for hydrocarbons search in four offshore blocks
Categories: News Flash
Date: May 03, 2025
Greece has approved an international tender for hydrocarbon exploration in four blocks in the Medite...
Danish Shipping: Activation of War Insurance Institute Is Perfectly Timed
Categories: News Flash
Date: May 03, 2025
Danish shipping is a strategic asset for Denmark. A new legislative proposal on war insurance will e...
TEN Ltd. Announces Delivery and Naming of First Two in Series of Twelve DP2 Shuttle Tanker Orders at Samsung Heavy Industries, South Korea
Categories: News Flash
Date: May 03, 2025
TEN, Ltd. (TEN) announced the delivery and naming of two DP2 suezmax shuttle tankers, the “Athens ...
New US sanctions target Iranian petrochemical, petroleum products trade
Categories: News Flash
Date: May 03, 2025
The US has sanctioned seven companies and two tankers involved in the trade of Iranian petrochemical...
Lloyd’s Register OneOcean machine-learning technology adopted by TotalEnergies to reduce fuel consumption and emissions
Categories: News Flash
Date: May 03, 2025
Lloyd’s Register OneOcean (LR OneOcean) has collaborated with TotalEnergies, a global multi-energy...
New air pollution limits for ships enter into effect in the Mediterranean
Categories: News Flash
Date: May 03, 2025
The Mediterranean Sea officially became an Emission Control Area for Sulphur Oxides and Particulate ...
Dry Bulk Shipping: Policy is now as Major Catalyst for Market Direction as Seasonality
Categories: News Flash
Date: May 03, 2025
The ever-shifting tides of the shipping freight market are proving to be difficult to navigate. For ...
Global trade headwinds reflected in weakening volumes
Categories: News Flash
Date: May 03, 2025
International markets in 2025 have been characterized by pervasive uncertainty and significant press...
VESON potential US port fees may disrupt dry bulk trade and vessel availability
Categories: News Flash
Date: May 02, 2025
Recent discussions on tariffs have largely overlooked the potential implementation of the Office of ...
APSEZ beats quarterly profit view on higher cargo growth
Categories: News Flash
Date: May 02, 2025
Adani Ports and Special Economic Zone reported fourth-quarter profit above estimates on Thursday, a...
Dhamara-Talachua Ro-Pax ferry service to cut travel time by 200km
Categories: News Flash
Date: May 02, 2025
In a significant step toward improving inland water connectivity, the Odisha government is set to la...
Govt removes Rs 40 crore upper limit for shipbuilding financial assistance
Categories: News Flash
Date: May 02, 2025
The government has removed the financial assistance upper limit of Rs 40 crore for building a non-sp...
India’s coastline length revised to 11,098.81 km following new methodology
Categories: News Flash
Date: May 02, 2025
India’s coastline has been recalculated as 11,098.81 km from 7,561.60 km – up by 3,537.21 km or ...
Vizhinjam Port to be dedicated to nation today by PM Modi
Categories: News Flash
Date: May 02, 2025
Vizhinjam International Seaport will be dedicated to the nation by Prime Minister Narendra Modi at 1...
ClassNK releases ‘Prime Shipmanagement Guidelines’ for leveraging successful case studies to enable flexible responses to various situations – aiming to contribute to safer and more efficient vessel operations
Categories: News Flash
Date: May 02, 2025
ClassNK has released ‘Prime Shipmanagement Guidelines’ which aim to achieve sustainable ship man...
DG Shipping meets with Seven Islands Shipping Ltd to discuss shipping sector issues
Categories: News Flash
Date: May 02, 2025
Shri Shyam Jagannathan, IAS, Director General of Shipping, along with Shri Nebu Oommen, Deputy Direc...
MatchLog partners with Maersk to boost container efficiency in India
Categories: News Flash
Date: May 02, 2025
MatchLog, a digital container optimisation platform, has announced its collaboration with global shi...
MOL opens new office in Washington
Categories: News Flash
Date: May 02, 2025
Japanese shipping major Mitsui O.S.K. Lines (MOL) is set to open a new office in Washington, D.C., U...
The Port of Klaipėda begins 2025 with strong momentum
Categories: News Flash
Date: May 01, 2025
The Port of Klaipėda has achieved a strong start to 2025, nearly 10 million tonnes of cargo handled...
Kalmar supports Victoria International Container Terminal with four automated straddle carriers
Categories: News Flash
Date: May 01, 2025
Kalmar has signed an agreement to supply Victoria International Container Terminal (VICT) with four ...
Greener Reefers Could Cut 3.74 million tons CO₂ and Reduce Energy Use by 20%
Categories: News Flash
Date: May 01, 2025
A full transition to greener refrigerated containers (“reefers”) could reduce greenhouse gas emi...
Wärtsilä expands methane slip reduction capabilities by introducing NextDF technology for third engine
Categories: News Flash
Date: May 01, 2025
Technology group Wärtsilä has introduced its NextDF technology for a third engine, the Wärtsilä ...
Euro zone economy expands faster than forecast but faces trade war hit
Categories: News Flash
Date: May 01, 2025
The euro zone economy grew faster than expected in the first quarter while inflation declined, indic...