News Flash
European delivered LNG imports climb to 5.08 mil mt so far in February
Categories: News Flash
Date: Feb 19, 2024
LNG imports delivered into Europe stood at 5.08 million mt in the month to Feb. 16, around 46% of t...
EU to launch mission to protect Red Sea shipping
Categories: News Flash
Date: Feb 19, 2024
EU foreign ministers will meet Monday in Brussels to formally launch a naval mission to help protec...
Seafarers can refuse to sail through Red Sea as Houthis step up attacks -industry
Categories: News Flash
Date: Feb 19, 2024
Seafarers have the right to refuse to sail on ships passing through the Red Sea in a new industry a...
Prolonged US LNG permitting halt would have substantial impact on global market: Shell
Categories: News Flash
Date: Feb 16, 2024
A long-term US ban on issuing new LNG export permits would have “quite an impact” on the global...
ECB policymakers push back on hasty rate cuts even as inflation falls
Categories: News Flash
Date: Feb 16, 2024
Euro zone inflation is heading back towards the 2% target but the European Central Bank still needs...
Port of Long Beach Cargo Increases in January
Categories: News Flash
Date: Feb 16, 2024
Trade moving through the Port of Long Beach rose in January as retailers stocked up ahead of Lunar ...
Port of Los Angeles Launches Year With Near-Record January Volume
Categories: News Flash
Date: Feb 16, 2024
The Port of Los Angeles handled 855,652 Twenty-Foot Equivalent Units (TEUs) in January, the second-...
Iran will reciprocate if its ships are seized, official says
Categories: News Flash
Date: Feb 16, 2024
Iran will reciprocate if its ships are seized, the legal adviser to Iran’s President told state m...
Pyxis Tankers Announces Closing of Modern Dry Bulk Vessel Acquisition & Commercial Update
Categories: News Flash
Date: Feb 16, 2024
Pyxis Tankers Inc., an international shipping company, announced today that it has completed the ac...
Korea to Europe container shipping costs rose more than 70% in January
Categories: News Flash
Date: Feb 16, 2024
Container shipping costs from Korea to Europe soared more than 70 percent last month amid escalatin...
Asia Fuel Oil-Spot differentials rangebound, inventories extend draw
Categories: News Flash
Date: Feb 16, 2024
Cash differentials for spot fuel oil were rangebound on Thursday, while latest data showed inventor...
Baltic index steady as weaker capesize rates counter gains in smaller vessels
Categories: News Flash
Date: Feb 16, 2024
The Baltic Exchange’s dry bulk sea freight index was little changed on Thursday, as gains in smal...
BIMCO calls on IMO to solve legal inconsistencies in ship recycling conventions
Categories: News Flash
Date: Feb 16, 2024
BIMCO, together with Bangladesh, India, Norway, Pakistan and the ICS, has submitted a paper ahead o...
OpenCLM 3.0 makes integration in IT landscapes even easier
Categories: News Flash
Date: Feb 15, 2024
PROSTEP has launched the new version 3.0 of its digital thread solution, OpenCLM, which can now be ...
EU economy greenhouse gas emissions: -7.1% in Q3 2023
Categories: News Flash
Date: Feb 15, 2024
In the third quarter of 2023, EU economy greenhouse gas emissions are estimated at 787 million tonn...
Baku Shipyard deploys SSI Ship Constructor to support and streamline complex digital workflows
Categories: News Flash
Date: Feb 15, 2024
SSI, the leader in software, services, and expertise for the business of shipbuilding, will supply ...
JB Rae-Smith elected UK Chamber of Shipping President
Categories: News Flash
Date: Feb 15, 2024
Today international shipping industry veteran, JB Rae-Smith was elected as President of the UK Cham...
ClassNK and Lovoy signed MOU to jointly explore enhanced safety at sea
Categories: News Flash
Date: Feb 15, 2024
ClassNK and Lovoy have signed a Memorandum of Understanding (MOU) to cooperate with development and...
CMB Nv Launches Its Mandatory Public Takeover Bid On Euronav NV
Categories: News Flash
Date: Feb 15, 2024
CMB NV (“CMB”) announces that on February 13, 2024 the Belgian Financial Services and Markets A...
MOL Teams up with Australian Energy Company Woodside, South Korean Shipbuilder HD KSOE and Shipping Firm Hyundai Glovis to Study Transport of Liquefied Hydrogen
Categories: News Flash
Date: Feb 15, 2024
Mitsui O.S.K. Lines, Ltd. announced the signing of a non-binding memorandum of understanding (MoU) ...
Republic of the Marshall Islands Maritime Administrator awards Approval in Principle for Anemoi Rotor Sails
Categories: News Flash
Date: Feb 15, 2024
The Republic of the Marshall Islands (RMI) Maritime Administrator has awarded an Approval in Princi...
Baltic index dips on falling capesize rates
Categories: News Flash
Date: Feb 15, 2024
The Baltic Exchange’s dry bulk sea freight index edged down on Wednesday, snapping a three-sessio...
Special risks of BESS (Battery Energy Storage System) for cargo insurers
Categories: News Flash
Date: Feb 13, 2024
To achieve the Paris Agreement goals, the adoption of renewable-energy sources has increased signif...
Iraq committed to OPEC, will not produce more than 4 mln bpd -minister
Categories: News Flash
Date: Feb 13, 2024
Iraq is committed to OPEC decisions and after its second voluntary cut announced in December it is ...
Euploia Drydocks & Services Ltd has established an exclusive partnership with C.C.JENSEN to elevate vessel operations through the integration of CJC® Engine Lube Oil Filters
Categories: News Flash
Date: Feb 13, 2024
We are delighted to announce a new exclusive representation in the field of engine lube oil filtrat...
General notice of cancellation in respect of certain war risks
Categories: News Flash
Date: Feb 13, 2024
Skuld (Gjensidig) (“The Association”) has received a Notice of Cancellation from reinsurers in ...
The hardest job in the world’: Siberian shipyard workers brave freezing cold
Categories: News Flash
Date: Feb 13, 2024
A drone flies low over a snow-covered shipyard in Russia’s Far East, where workers toil in subzer...
Best’s Market Segment Report: P&I Clubs Improve Underwriting Results but Further General Increases Needed to Keep Up With Inflation
Categories: News Flash
Date: Feb 13, 2024
Despite a relatively benign year for pool claims in 2023, Protection and Indemnity (P&I) clubs ...
UN shipping agency working ‘tirelessly’ to solve Red Sea crisis
Categories: News Flash
Date: Feb 13, 2024
The United Nations shipping agency is working “tirelessly” to solve the Red Sea crisis, which i...
Greece: Four dead in shooting at shipping company
Categories: News Flash
Date: Feb 13, 2024
Four people were killed — including the suspected perpetrator — in a shooting that happened at ...
BIMCO starts work on contract for growing wind turbine market
Categories: News Flash
Date: Feb 13, 2024
BIMCO has established a subcommittee to work on a global standard contract for the transport and in...
Baltic index scales 1-month high on firm rates for larger vessels
Categories: News Flash
Date: Feb 13, 2024
The Baltic Exchange’s dry bulk sea freight index rose to a one-month high on Monday, buoyed by fi...