News Flash
S&P Global expects global trade will grow at a compound rate of 3.3% through to 2028
Categories: News Flash
Date: Feb 22, 2024
S&P Global today published the latest edition of its Look Forward research series, focusing on ...
Asia Fuel Oil-HSFO spot discounts hold, Fujairah stockpiles at 7-month low
Categories: News Flash
Date: Feb 22, 2024
Spot differentials for high sulphur fuel oil (HSFO) held in discounts as of Wednesday, while residu...
BIMCO publishes ship financing forms to ensure uninterrupted use of ships
Categories: News Flash
Date: Feb 22, 2024
BIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs avail...
U.S. energy flows through Panama Canal rose slightly in January
Categories: News Flash
Date: Feb 22, 2024
U.S. liquefied petroleum gas (LPG) and ethane exports through the Panama Canal rose in January 2024...
Baltic index rises as Capesize, supramax segments post gains
Categories: News Flash
Date: Feb 22, 2024
The Baltic Exchange’s dry bulk sea freight index extended gains for a fourth straight session to ...
Rotterdam bunkers MOC sees first trade in a year on the uptick in activity.
Categories: News Flash
Date: Feb 21, 2024
An uptick in activity in the Platts European bunker Market on Close at the start of 2024 has result...
Baltic index edges up on gains in smaller vessels
Categories: News Flash
Date: Feb 21, 2024
The Baltic Exchange’s dry bulk sea freight index edged up to hit a one-month high on Tuesday, as ...
Asia Distillates-Gasoil premiums under downward pressure as offers dip
Categories: News Flash
Date: Feb 21, 2024
Spot premiums for gasoil fell on Tuesday on lower-priced offers, while market backwardation also we...
Middle East Crude-Murban premium hits month’s high on robust demand
Categories: News Flash
Date: Feb 21, 2024
Middle East crude benchmarks Oman and Dubai edged higher on Tuesday, while Murban’s premium touch...
MOL Magsaysay Maritime Academy in the Philippines Holds 1st Commencement Exercises Ceremony
Categories: News Flash
Date: Feb 21, 2024
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) announced that MOL Magsaysa...
UK P&I Club announces strong results for 2024 renewals season; reinforcing platform for growth as maritime market demands evolve.
Categories: News Flash
Date: Feb 21, 2024
The UK P&I Club has announced the successful completion of the P&I renewal for 2024. The 20...
Asia Fuel Oil-VLSFO cash premium inches up, but bunker demand slows.
Categories: News Flash
Date: Feb 21, 2024
Asia’s cash premium for Very Low Sulphur Fuel Oil (VLSFO) edged up on Tuesday, though bunker prem...
NorthStandard posts strong renewal results one year on from the merger
Categories: News Flash
Date: Feb 21, 2024
NorthStandard confirms strong renewal results across the board, in its first year of operation. ...
Orca AI platform drives significant reduction in CO2 emissions and fuel spending across the 267-strong fleet in 2023
Categories: News Flash
Date: Feb 21, 2024
A comprehensive analysis by maritime technology company Orca AI shows that its market-leading autom...
CMA CGM says the ship transited the Red Sea under French naval escort.
Categories: News Flash
Date: Feb 21, 2024
French shipping and transport company CMA CGM said on Tuesday that its Jules Verne container ship t...
WAF-East VLCC rates hit eight-month high as tonnage supply remains limited
Categories: News Flash
Date: Feb 20, 2024
The West African Very Large Crude Carrier market has seen a major spike in rates since the start of...
Interocean Marine Services positions for a strong 2024 with new Leadership and Brand
Categories: News Flash
Date: Feb 20, 2024
Interocean Marine Services (Interocean), the specialist provider of support services to the offshor...
How the extended EU Emissions Trading System will impact maritime transport and ports
Categories: News Flash
Date: Feb 20, 2024
From 1 January this year, global shipping is now a part of the European Union’s Emissions Trading...
Yemen’s Houthis say ship attacked in Gulf of Aden may sink
Categories: News Flash
Date: Feb 20, 2024
Yemen’s Houthi militants said on Monday they had attacked another cargo vessel in the Gulf of Ade...
Red Sea disruption to impact deliveries, not output – QatarEnergy CEO
Categories: News Flash
Date: Feb 20, 2024
Disruption to shipping in the Red Sea region will impact QatarEnergy’s deliveries of liquefied na...
Kalmar straddle carriers to continue to help SOMACOM deliver top-class service at Ile de la Réunion
Categories: News Flash
Date: Feb 20, 2024
Kalmar, part of Cargotec, and DMP SAS, Kalmar’s regional dealer, have concluded an agreement with...
Oriani Hellas Announces a New Partnership with Vsltec to Revolutionize the Management of Technical Services on Board
Categories: News Flash
Date: Feb 20, 2024
Oriani Hellas, a leading digital transformation consultant in the maritime industry, is proud to an...
Chemship blazes the trail with wind propelled chemical tanker: Targets 15% CO2 savings on Transatlantic route
Categories: News Flash
Date: Feb 20, 2024
Chemship commissioned its first ship with wind assisted ship propulsion. This makes the MT Chemical...
Pavilion Energy Concludes First Ship-To-Ship LNG Bunkering Operation To Rio Tinto In Singapore
Categories: News Flash
Date: Feb 20, 2024
Pavilion Energy has successfully deployed the newbuild LNG Bunker Vessel Brassavola for her maiden ...
Baltic index climbs to over one-month high on sturdier vessel rates
Categories: News Flash
Date: Feb 20, 2024
The Baltic Exchange’s dry bulk sea freight index hit a more than one-month high on Monday, as cli...
US drillers cut oil and gas rigs for second time in three weeks – Baker Hughes
Categories: News Flash
Date: Feb 19, 2024
U.S. energy firms this week cut the number of oil and natural gas rigs operating for the second tim...
Weathernews launches “Berth Waiting Forecast” service: Your solution to predicting port congestion
Categories: News Flash
Date: Feb 19, 2024
Weathernews Inc., a global leader in weather intelligence, introduces its latest innovation, the ...
Metals investment: the darkest hour is just before the dawn
Categories: News Flash
Date: Feb 19, 2024
Things often seem at their worst just before they get better. In terms of meeting our net zero 2050...
Yemen’s Houthis claim missile attack on oil tanker in Red Sea
Categories: News Flash
Date: Feb 19, 2024
Yemen’s Iran-aligned Houthis claimed responsibility on Saturday for an attack on the oil tanker M...
Cosco Shipping expects $1.9 mil earnings for FY2023 in profit guidance
Categories: News Flash
Date: Feb 19, 2024
The board of Cosco Shipping International (Singapore) F83 – has announced that it expects to repo...
Australia’s Intermodal Terminal Company orders seven electric Konecranes RMG cranes for new Melbourne freight facility
Categories: News Flash
Date: Feb 19, 2024
Intermodal Terminal Company (ITC) has ordered seven Konecranes Rail Mounted Gantry (RMG) cranes for...
Shipping rates show signs of easing despite Red Sea disruption
Categories: News Flash
Date: Feb 19, 2024
While most containerships are making detours around the conflict-affected Red Sea, experts say cont...