News Flash
The joint research team from Korea and Germany seeks to enhance the production efficiency of fuel cells with laser machining technology.
Categories: News Flash
Date: Jul 05, 2023
Fuel cells used for vessels and airplanes are becoming increasingly lighter to improve efficiency, ...
NYK joins GCMD as the first Japan-headquartered strategic partner to accelerate shipping’s decarbonization.
Categories: News Flash
Date: Jul 05, 2023
The Global Centre for Maritime Decarbonization (GCMD) and Nippon Yusen Kabushiki Kaisha (NYK) annou...
Treaty to continue toxic business-as-usual on the beaches of South Asia while undermining efforts for reform
Categories: News Flash
Date: Jul 05, 2023
The International Maritime Organisation’s (IMO) Hong Kong International Convention for the Safe a...
Global shipping poised to get new emissions-fighting Strategy
Categories: News Flash
Date: Jul 05, 2023
Humanity is in dangerous waters on climate,” UN Secretary-General António Guterres said in a vid...
Okeanis Eco Tankers Corp. – $113 Million Term Loan Facility
Categories: News Flash
Date: Jul 05, 2023
Okeanis Eco Tankers Corp. announced the closing of a new $113 million senior secured cred...
Brazil’s oil output up 1.9% in May, the regulator says
Categories: News Flash
Date: Jul 05, 2023
Brazil’s oil production rose 1.9% in May from the previous month to 3.2 million barrels of oil pe...
Baltic index hits multi-week low on retreat for larger vessels
Categories: News Flash
Date: Jul 05, 2023
The Baltic Exchange’s main sea freight index on Tuesday fell to its lowest level in nearly four w...
Panama Canal commemorates seventh anniversary of the Neopanamax Locks
Categories: News Flash
Date: Jul 04, 2023
On June 26, 2016, thousands of people observed the beginning of a new era for the country with the ...
Shipping faces showdown over greenhouse gases
Categories: News Flash
Date: Jul 04, 2023
The shipping industry is under growing pressure to dramatically curb planet-warming emissions from ...
Alma Clean Power announces breakthrough in direct ammonia fuel cells
Categories: News Flash
Date: Jul 04, 2023
Alma Clean Power successfully tests world’s first 6 kW direct ammonia fuel cell system. The accom...
Energy security back on the menu for Asian importers after Russia unrest
Categories: News Flash
Date: Jul 04, 2023
The attempted military coup in Russia has resurfaced energy security concerns among Asian oil and g...
Russia to cut oil exports by 500,000 bpd in August, oil rises
Categories: News Flash
Date: Jul 04, 2023
Russia will cut oil exports by 500,000 barrels per day (bpd) in August, President Vladimir Putin’...
Iron ore slumps as China production cuts spark fears of demand drop
Categories: News Flash
Date: Jul 04, 2023
Dalian and Singapore iron ore futures slipped on Monday as traders became cautious of faltering dem...
South Korea’s NOFI buys corn in tender for up to 138,000 metric tons
Categories: News Flash
Date: Jul 04, 2023
Leading South Korean animal feed maker Nonghyup Feed Inc. (NOFI) has bought animal feed corn from o...
Johor Port Partners With Mohr To Elevate Tvet
Categories: News Flash
Date: Jul 04, 2023
Johor Port Berhad (Johor Port), a member of MMC Group, recently signed a three-year Memoranda of Co...
Singapore’s MPA sees first ammonia bunkering from 2026, methanol pilot to pave way
Categories: News Flash
Date: Jul 04, 2023
The Maritime and Port Authority of Singapore expects ammonia bunkering to take place in its waters ...
Waning vessel demand drags Baltic index lower
Categories: News Flash
Date: Jul 04, 2023
The Baltic Exchange’s main sea freight index recorded its lowest level in two weeks on Monday as ...
Handling of cargo samples
Categories: News Flash
Date: Jul 03, 2023
Cargo samples hold significant importance in protecting tanker ship owners against potential cargo ...
Maersk hosts Equal At Sea 2023: Charting a course towards an inclusive future
Categories: News Flash
Date: Jul 03, 2023
A.P. Moller – Maersk (Maersk), a global integrator of logistics, held the second edition of Equal...
S. Korea: Union protests hasty hiring of unskilled foreign shipbuilding workers
Categories: News Flash
Date: Jul 03, 2023
Labor unions of Korea’s shipbuilders criticized the government and their employers, for trying to...
Cargo Demands Hold Steady at Port Houston
Categories: News Flash
Date: Jul 03, 2023
The Port Commission of the Port of Houston Authority held its regular meeting on Tuesday, June 27. ...
US crude oil output fell in April as demand slowed -EIA
Categories: News Flash
Date: Jul 03, 2023
U.S. field production of crude oil fell in April to 12.615 million barrels per day (bpd), its lowes...
GMS Week 26 – SUMMER LULL(ING)!
Categories: News Flash
Date: Jul 03, 2023
Ongoing Eid holidays and a serious lack of tonnage have meant a much quieter week in the ship-recyc...
IMO makes little headway on the building blocks towards an equitable and climate aligned GHG strategy
Categories: News Flash
Date: Jul 03, 2023
The fifteenth Intersessional Working Group on Greenhouse Gases (ISWG GHG 15) that concluded today, ...
Tankers: A Quiet Week For VLCCs
Categories: News Flash
Date: Jul 03, 2023
LR2 MEG LR2’s have fluctuated up and down this week as the region has had to deal with the Eid...
Dry Bulk Market: Capesize Market in Mixed Mode
Categories: News Flash
Date: Jul 03, 2023
Capesize Throughout the week, the Capesize market experienced mixed dynamics. Monday began with ...
Slow tanker fleet growth, robust crude trade signal strong H2 2023 freight outlook
Categories: News Flash
Date: Jul 03, 2023
Surging Chinese oil demand, a lingering war in Ukraine, record-low order book and robust crude trad...
Schedule Reliability Reaches Three-Year High with Blank Sailings Down
Categories: News Flash
Date: Jul 01, 2023
Schedule reliability for the global container shipping industry continues its rebound from the dept...
India Gives Vietnam a Warship in Response to China’s Regional Actions
Categories: News Flash
Date: Jul 01, 2023
Ten days after India announced its intention to give Vietnam a warship, the 32-year-old missile cor...
Level playing field between EU ports and within the maritime logistics chain must remain a priority
Categories: News Flash
Date: Jul 01, 2023
The importance of harmonized implementation of “Fit for 55” proposals and more particularly AFI...
Dutch and Belgian shipowners call for clear signal from IMO: decide now on the route to zero
Categories: News Flash
Date: Jul 01, 2023
Next week, the 80th meeting of the IMO’s Marine Environment Protection Committee (which focuses s...
Ports have a vital role to play in the fight against greenhouse gas emissions
Categories: News Flash
Date: Jul 01, 2023
The shipping industry is undergoing a transformative shift towards sustainability and the Internati...