News Flash
Russia’s Black Sea oil exports seen stable over the weekend – traders.
Categories: News Flash
Date: Jul 25, 2023
Oil loadings from Russia’s Black Sea ports remained stable over the weekend despite rising tensio...
Wärtsilä Aquarius UV takes ballast water filtration to the next level with the launch of the ‘Manta’ filter.
Categories: News Flash
Date: Jul 25, 2023
Wärtsilä Water and Waste’s Aquarius UV Ballast Water Management System (BWMS) is being launched...
NYK Bulkship (Atlantic) to Introduce NYK Group’s First Wind-Assisted Ship-Propulsion Unit
Categories: News Flash
Date: Jul 25, 2023
NYK Bulkship (Atlantic) N.V. (Head Office: Antwerp, Belgium; NBAtlantic), an NYK Group company, wil...
Asia Fuel Oil-VLSFO margin rebounds after sliding to more than two-year low
Categories: News Flash
Date: Jul 25, 2023
The refining margin for very-low sulphur fuel oil (VLSFO) edged slightly higher on Monday after its...
Intense Competition Among the Big Three Korean Shipbuilders
Categories: News Flash
Date: Jul 25, 2023
The era of methanol ships has officially begun with the voyage of the world’s first methanol prop...
Nearly 30 ships stop around Ukraine’s Izmail gateway after Russian Danube strikes.
Categories: News Flash
Date: Jul 25, 2023
Almost 30 ships dropped anchor near Ukraine’s crucial Izmail port terminal after Russia destroyed...
Baltic index slips to over 1-1/2 month low on weaker vessel rates.
Categories: News Flash
Date: Jul 25, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships ferrying dry bulk commodit...
European thermal coal struggles to find takers in Asia amid robust regional supply
Categories: News Flash
Date: Jul 24, 2023
European market participants are finding it increasingly difficult to resell their excess stock in ...
Ship fuel spreads and LNG prices fall to lowest levels in years.
Categories: News Flash
Date: Jul 24, 2023
Fuel is one of the biggest costs in ocean shipping, and fuel pricing has seen some big changes in r...
Shipowners urged to up digitalization game for GHG cuts by 2030.
Categories: News Flash
Date: Jul 24, 2023
Ship owners can achieve decarbonization at scale within this decade with speed optimization and ene...
UAE says current OPEC+ support is sufficient for now.
Categories: News Flash
Date: Jul 24, 2023
Current actions by OPEC+ to support the oil market are sufficient for now, UAE Energy Ministe...
Port of Tacoma accelerates net zero targets by 10 years.
Categories: News Flash
Date: Jul 24, 2023
The target will cover Scope 1 and Scope 2 emissions, which include direct emissions from the port...
Iran loses bid to host shipping event after a vote at UN agency meeting.
Categories: News Flash
Date: Jul 24, 2023
Iran’s offer to host a maritime event in October has been rejected after a proposal led by the Un...
NATO, Ukraine to discuss Black Sea grain issue at Zelenskiy’s request
Categories: News Flash
Date: Jul 24, 2023
NATO and Ukraine are to discuss security in the Black Sea next week, particularly the operation of ...
China’s June manufacturing steel demand improves; challenges remain.
Categories: News Flash
Date: Jul 24, 2023
China’s monthly manufacturing steel demand rebounded in June but was still lower than a year ago,...
Canada’s port workers union leadership backs new contract deal
Categories: News Flash
Date: Jul 24, 2023
Leaders of a dock workers union in Canada’s Pacific region on Friday backed a tentative contract ...
Grain buyers refuse to panic as Ukraine corridor closes
Categories: News Flash
Date: Jul 24, 2023
Major grain importers in the Middle East and North Africa have reacted calmly to the end of the saf...
Ocean Technologies Group Launches Comprehensive E-Learning Courses to Support SIGTTO LNG Competency Guidelines
Categories: News Flash
Date: Jul 21, 2023
Ocean Technologies Group (OTG), the leading global provider of Human Capital Management solutions f...
Jamaica and Canada sign reciprocal recognition agreement to benefit seafarer training and employment
Categories: News Flash
Date: Jul 21, 2023
Jamaica and Canada have signed a Reciprocal Recognition Agreement to enable seafarers from the two ...
China’s alumina prices rebound to a one-month high on Yunnan demand.
Categories: News Flash
Date: Jul 21, 2023
Chinese alumina prices rose to their highest in more than a month on supply tightness amid improvin...
BHP posts record full-year iron ore output, flags rising costs.
Categories: News Flash
Date: Jul 21, 2023
BHP Group on Thursday reported its highest-ever annual iron ore production, helped by the continued...
No technical recession in euro zone as Eurostat revises up Q1 GDP
Categories: News Flash
Date: Jul 21, 2023
Euro zone gross domestic product was flat in the first three months of this year against the previo...
Iron ore rebounds on optimism about China property sector aid
Categories: News Flash
Date: Jul 21, 2023
Iron ore futures recovered on Thursday amid market talks of more China property sector support, alt...
World First with ABS Class Green Methanol Powered Container Vessel’s Maiden Voyage
Categories: News Flash
Date: Jul 21, 2023
The first containership ever to sail on green methanol, a Maersk feeder vessel built to ABS Class, ...
China’s June Australian coal imports ease but demand remains strong
Categories: News Flash
Date: Jul 21, 2023
China’s coal imports from Australia eased in June from May’s 33-month-high but remained support...
Sinopec’s natural gas output up 7.2% in H1, crude, petrochemical output lags
Categories: News Flash
Date: Jul 21, 2023
Chinese state-owned energy giant Sinopec’s 0386.HK600028.SS natural gas production in the first h...
Baltic index down for 5th day on weaker capesize, panamax demand
Categories: News Flash
Date: Jul 21, 2023
The Baltic Exchange’s main sea freight index tracking rates for ships carrying dry bulk commoditi...
Asia Fuel Oil-VLSFO cash differential at more than two-year lows
Categories: News Flash
Date: Jul 20, 2023
The cash differential for very-low sulphur fuel oil (VLSFO) slipped to more than two-year lows in A...
Carbon Sink LLC, Rose Cay Maritime Forge Strategic Alliance for Advanced Low-Carbon Maritime Fuel Logistics
Categories: News Flash
Date: Jul 20, 2023
Carbon Sink LLC, a pioneering green methanol manufacturer, and Rose Cay Maritime, LLC (RCM), an inn...
Methanol Retrofit Solutions to be Developed for Medium-Speed Marine Engines
Categories: News Flash
Date: Jul 20, 2023
MAN Energy Solutions has announced that it will begin developing retrofit solutions for medium-spee...
India’s Russian oil imports hit new high in June, but growth slows – trade
Categories: News Flash
Date: Jul 20, 2023
India’s imports of Russian oil edged up to an all-time high in June, though growing at the slowes...
Rio Tinto second-quarter iron ore shipments fall 1%
Categories: News Flash
Date: Jul 20, 2023
Rio Tinto reported a 1% drop in second-quarter iron ore shipments on Wednesday as a train derailmen...