News Flash
US dollar share of global reserves edges up in first quarter, euro’s share dips, IMF says
Categories: News Flash
Date: Jul 01, 2023
The U.S. dollar’s share of currency reserves reported to the International Monetary Fund rose in ...
Asia Fuel Oil-Cash differentials steady; inventories rise across key hubs
Categories: News Flash
Date: Jul 01, 2023
Cash differentials for fuel oil held steady in Asia amid thin trade on Friday, while onshore invent...
Russia’s top diplomat Lavrov sees no reason to extend grain deal
Categories: News Flash
Date: Jul 01, 2023
Russia saidon Friday it saw no reason to extend the Black Sea grain deal beyond July 17 because the...
Retreat across vessels drags Baltic dry index to worst week in four
Categories: News Flash
Date: Jul 01, 2023
The Baltic exchange’s main sea freight index .BADI recorded its worst week in four on Friday drag...
Global container freight stuck in doldrums
Categories: News Flash
Date: Jul 01, 2023
Global trade remained in the doldrums during the second quarter as China’s post-lockdown rebound ...
Japan’s Classification Society ClassNK for Ammonia and LCO2 Carrier
Categories: News Flash
Date: Jun 30, 2023
Mitsubishi Shipbuilding Co., Ltd., a part of the Mitsubishi Heavy Industries (MHI) Group, and Nippo...
Pace CCS and deepC Store submit CO2 shipping supply specification to the Australian Government
Categories: News Flash
Date: Jun 30, 2023
deepC Store (“dCS”) has submitted the CO₂ supply specification for CStore1, dCS’s floating ...
SEA-LNG coalition calls on IMO to regulate all GHG emissions on a full lifecycle basis
Categories: News Flash
Date: Jun 30, 2023
Clear and consistent regulation is key to driving maritime decarbonisation. With this in mind, and ...
Navigating the Seas of Change: A Global Energy Conference Drives Insight and Empowers Industry Professionals
Categories: News Flash
Date: Jun 30, 2023
GRM (Global Risk Management) and Baseblue are thrilled to announce the successful conclusion of the...
Baltic index extends retreat as vessel demand slips
Categories: News Flash
Date: Jun 30, 2023
The Baltic Exchange’s main sea freight index extended decline for a fourth straight session on Th...
EPA Settles with Shipping Companies over Claims of Clean Water Act Violations
Categories: News Flash
Date: Jun 30, 2023
The U.S. Environmental Protection Agency (EPA) has settled with two shipping companies over claims ...
Diana Shipping Inc. Announces Signing and Drawdown of a US$100 Million Term Loan Facility With DNB Bank ASA and a US$22.5 Million Term Loan Facility With Nordea Bank to Refinance Existing Loan Facilities
Categories: News Flash
Date: Jun 30, 2023
Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-i...
Libra’s Logothetis swoops on fuel tech pioneer SulNOx
Categories: News Flash
Date: Jun 30, 2023
The board of directors of the Company (the “Board”) is pleased to announce that yesterday, foll...
Xeneta: Long-Term Ocean Freight Rates Fall Again, With Almost 50% Drop In Key Pricing Benchmark Across Last Three Months
Categories: News Flash
Date: Jun 30, 2023
The beleaguered carrier industry took another major hit in June, with the latest data from Xeneta...
Fewer Deals in the Second-Hand Market During the Second Quarter of 2023
Categories: News Flash
Date: Jun 30, 2023
Activity in the second-hand vessel market has been lackluster over the past few months, as a result...
Container shipping is now “maxed out” claims a leading shipping analyst
Categories: News Flash
Date: Jun 29, 2023
With record deliveries of container ships expected this year and next, most analysts have predicted...
The national hydrogen network begins in Rotterdam
Categories: News Flash
Date: Jun 29, 2023
Gasunie has made the investment decision for the first part of a nationwide hydrogen network. This ...
China’s Shandong begins releasing oil stranded at ports after inspections, sources say
Categories: News Flash
Date: Jun 29, 2023
China’s Shandong refining hub has begun releasing millions of barrels of oil that were stuck at p...
Low water again hampers Rhine River shipping in Germany
Categories: News Flash
Date: Jun 29, 2023
Low water levels after recent dry weather are again preventing cargo vessels from sailing fully loa...
Two routes between Bilbao and the United Kingdom were identified as green shipping corridors for the decarbonization of shipping
Categories: News Flash
Date: Jun 29, 2023
The report ‘Green shipping corridors in and out of Spain: assessing route-based opportunities’,...
DNV R&D Forum showcases the latest technologies and advancements in shipping
Categories: News Flash
Date: Jun 29, 2023
DNV hosted a highly anticipated research and development (R&D) Forum, inviting stakeholders fro...
UECC collaborates with GoodFuels and NYK to slash carbon emissions with sustainable biofuel
Categories: News Flash
Date: Jun 29, 2023
United European Car Carriers (UECC), the leading provider of sustainable short sea ro-ro transporta...
The new crew training package supports the safe adoption of Methanol as a marine fuel
Categories: News Flash
Date: Jun 29, 2023
The Methanol Institute has welcomed multi-disciplinary methanol consultancy GREEN MARINE as its lat...
Lower Capesize and Panamax rates weigh on the Baltic index
Categories: News Flash
Date: Jun 29, 2023
On Wednesday, the Baltic Exchange's main marine freight index declined for the third day in a row, ...
Trafigura seeks more regulatory support for green marine fuels
Categories: News Flash
Date: Jun 29, 2023
Trafigura is eager to make early-stage investments in green fuels to encourage maritime decarboniza...
New Sail Device for Ships Developed by Eco Marine Power
Categories: News Flash
Date: Jun 28, 2023
After several years of research & development (R&D) Eco Marine Power (EMP) announced today ...
INEOS Energy charters two highly efficient LNG carriers to create a virtual LNG pipeline from the US to Europe
Categories: News Flash
Date: Jun 28, 2023
INEOS Energy Trading has today signed agreements with Mitsui O.S.K. Lines (MOL) for two new build L...
Ukraine must be ready to export mostly via Danube ports – sea ports authority
Categories: News Flash
Date: Jun 28, 2023
Ukraine must be ready to export grain almost exclusively via its Danube River ports because Russia ...
Wärtsilä to accelerate Stena Line’s decarbonization journey through methanol conversions
Categories: News Flash
Date: Jun 28, 2023
Technology group Wärtsilä has been contracted by Swedish ferry operator Stena Line to carry out a...
The US tight oil industry grows up
Categories: News Flash
Date: Jun 28, 2023
In Shakespeare’s Henry IV Part 2, the newly crowned King Henry V renounces the wildness of his yo...
The Next Breakthrough in Shipping Isn’t on the Horizon. It’s here
Categories: News Flash
Date: Jun 28, 2023
Few think of the ocean as an epicenter for human ingenuity, but our history and future can be chart...
Macgregor has received a large access equipment order for a cruise vessel
Categories: News Flash
Date: Jun 28, 2023
MacGregor, part of Cargotec, has received a large order for a comprehensive package of access equip...