News Flash
Panama Canal does not plan transit restrictions at least until April
Categories: News Flash
Date: Feb 12, 2024
The Panama Canal sees no need for further vessel transit restrictions until at least April, when it...
Asia spot LNG prices dip on tepid demand, healthy stocks
Categories: News Flash
Date: Feb 12, 2024
Asian spot liquefied natural gas (LNG) prices dipped this week, remaining below $10 per million Bri...
Maersk pilots Shanghai as new global gateway for LCL Shipments
Categories: News Flash
Date: Feb 12, 2024
Maersk, the world’s leading shipping and logistics company, announces today that Maersk pilots Sh...
APM Terminals calls on OEMs to support them in raising asset management standards
Categories: News Flash
Date: Feb 12, 2024
APM Terminals’ journey to towards becoming a world class asset management organisation started so...
Shipyard working conditions and the Norwegian Transparency Act
Categories: News Flash
Date: Feb 12, 2024
Recent media reports have focused on allegedly poor working conditions at Turkish shipyards. The la...
Asian LNG re-export trend continues to surpass Europe so far in 2024
Categories: News Flash
Date: Feb 12, 2024
Asian LNG re-exports have continued to outmatch reexports from Europe so far in 2024, maintaining A...
Damage of main engine crankshaft and the importance of the Planned Maintenance System
Categories: News Flash
Date: Feb 12, 2024
Over the years, we have seen many incidents regarding damage to main engine components such as the ...
Asian imports of U.S. LPG fall, dragging down shipping rates
Categories: News Flash
Date: Feb 12, 2024
Shipping rates for Asia-bound liquefied petroleum gas have plummeted in 2024, touching a nearly thr...
Grain ships diverted from Red Sea; Russia sets export taxes
Categories: News Flash
Date: Feb 12, 2024
More ships carrying grain were diverted from the Suez Canal to sail around the Cape of Good Hope th...
Drewry: Dry Bulk Equity Index on the Rise
Categories: News Flash
Date: Feb 12, 2024
In January, Drewry’s Dry Bulk Equity Index rose 2.1% due to the intensifying conflict in the Red ...
IMO Secretary-General sets fresh agenda for maritime
Categories: News Flash
Date: Feb 09, 2024
IMO Secretary-General Arsenio Dominguez shared the Organization’s plans and focus areas for the n...
NORDEN reports annual result of USD 400 million for 2023 and continues to return cash to shareholders
Categories: News Flash
Date: Feb 09, 2024
NORDEN reports an annual result of USD 400 million (approx. DKK 2,760 million). For the fourth quar...
Dalian iron ore near one-week high on property demand hope
Categories: News Flash
Date: Feb 09, 2024
Iron ore futures in China climbed to near a one-week high on Thursday, on hope of better demand fro...
India wants multi-year oil purchase deal with Guyana -Guyana minister
Categories: News Flash
Date: Feb 09, 2024
India wants to sign a multi-year oil purchase deal with Guyana and acquire stakes in the South Amer...
New zero-emission hydrogen-powered cargo vessel ready for operation on the Rhine
Categories: News Flash
Date: Feb 09, 2024
Dutch shipowner Future Proof Shipping (FPS), the EU-funded Flagships project, and the Interreg-fund...
VIKAND Launches Proactive Healthcare Program to Safeguard Seafarers and Protect the Commercial Viability of the Shipping Industry
Categories: News Flash
Date: Feb 09, 2024
VIKAND, a Global Leader in Maritime Healthcare, has launched a proactive 24/7 healthcare program to...
Cyprus approves green shipping incentives for 2024
Categories: News Flash
Date: Feb 09, 2024
The Cabinet of Ministers, led by Deputy Minister of Shipping Marina Hadjimanoli, this week approved...
Shipping big hitters endorse InterManager’s new General Principles
Categories: News Flash
Date: Feb 09, 2024
Industry big hitters have given their support to InterManager’s ground-breaking General Principle...
Maersk warns oversupply to hit profits and plays down Red Sea boost
Categories: News Flash
Date: Feb 09, 2024
Maersk warned on Thursday that container shipping overcapacity would hit profits more than expected...
The baltic index falls for a second straight session on softer capesize rates
Categories: News Flash
Date: Feb 09, 2024
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
VLGC rates rebound after hitting floor as shipowners hold ground
Categories: News Flash
Date: Feb 08, 2024
Very Large Gas Carrier rates on the key Persian Gulf-Japan route reached near 35-month lows around ...
Equinor CEO points to increasing industrial gas demand in Europe
Categories: News Flash
Date: Feb 08, 2024
Norway’s state-controlled Equinor is paying close attention to signs of industrial gas demand rec...
Iron ore rebounds from two-week low on China stimulus hopes
Categories: News Flash
Date: Feb 08, 2024
Most ferrous metals and material futures rose on Wednesday, in tandem with Chinese equities, after...
Indian LNG imports to hit 150 mln tons by 2030 -Petronet LNG CEO
Categories: News Flash
Date: Feb 08, 2024
Indian liquefied natural gas (LNG) imports are forecast to jump to 150 million metric tons per year...
NYK Takes Delivery of Japan’s First LNG-Fueled Capesize Bulk Carrier Decarbonizing JFE’s Supply Chain
Categories: News Flash
Date: Feb 08, 2024
A naming ceremony was held on January 30 for an LNG-fueled capesize bulk carrier that was ordered b...
OneCare Solutions announces merger with Marine Medical Solutions to enhance 360-degree health and wellbeing service to maritime industry
Categories: News Flash
Date: Feb 08, 2024
Leading health and wellbeing support service provider, OneCare Solutions (OCS) has reconfirmed its ...
Crew in Trouble: Trade Union Helps the Crew of VYSSOS
Categories: News Flash
Date: Feb 08, 2024
At the end of last month, an extraordinary incident occurred at the Bystre mouth. The dry cargo shi...
Asia Fuel Oil-Premiums steady in thin trade but supply pressure weighs
Categories: News Flash
Date: Feb 08, 2024
Asia’s fuel oil cash premiums were little changed in thin trade on Wednesday, though supply press...
Baltic index logs worst day in a week as capesize rates fall
Categories: News Flash
Date: Feb 08, 2024
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Red Sea tensions drive down WAF Suezmax rates, disrupt Persian Gulf trade flows
Categories: News Flash
Date: Feb 08, 2024
Disruption in the Red Sea has led to an influx of westward ballasters into the Atlantic region from...
DNV study validates energy efficiency gains for LNG carriers enabled by ABB and MAN DFE+ propulsion solution
Categories: News Flash
Date: Feb 07, 2024
DNV has quantified the gains that owners of liquefied natural gas (LNG) carriers could expect to ac...
India to sign deal extending LNG imports from Qatar till 2048, lowering costs
Categories: News Flash
Date: Feb 07, 2024
The first 25-year deal is to expire in 2028 and is now being extended for 20 additional years. The ...