News Flash
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...
Hong Kong ship recycling Convention set to enter into force
Categories: News Flash
Date: Jun 28, 2023
The Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (t...
Asian tanker freight drops as Russian naphtha via Singapore displaces Persian Gulf
Categories: News Flash
Date: Jun 28, 2023
Asian clean tankers freight will likely come under downward pressure in the next few weeks due to w...
Baltic index extends losses as demand for larger vessels wanes
Categories: News Flash
Date: Jun 28, 2023
The Baltic Exchange’s main sea freight index recorded its biggest daily percentage decline in nea...
How Shell and Orca AI are working together to drive innovation in navigation
Categories: News Flash
Date: Jun 27, 2023
Navigational error resulting in collision or grounding is one of the highest safety risks associate...
Middle East Crude-Benchmarks ease; five cargoes delivered
Categories: News Flash
Date: Jun 27, 2023
Middle East crude benchmarks eased for a third straight session as cargo deliveries continued to ra...
Bunker Holding Group manages new record result in a volatile year
Categories: News Flash
Date: Jun 27, 2023
One year into a new Group strategy, and during a year of geopolitical turmoil, high inflation, and ...
Jamaica salutes seafarers’ role in environmental protection on Day of the Seafarer
Categories: News Flash
Date: Jun 27, 2023
As it saluted seafarers on the annual International Day of the Seafarer, Jamaica has praised the ro...
China’s shipbuilding industry sees large growth
Categories: News Flash
Date: Jun 27, 2023
China’s shipbuilding industry saw new vessel orders surge 49.5 percent year-on-year in the first ...
Maersk orders six methanol-powered vessels
Categories: News Flash
Date: Jun 27, 2023
A.P. Moller – Maersk (Maersk) has made an order for six mid-sized container vessels – all havin...
Asia Fuel Oil-VLSFO cash premium softens, rally loses steam
Categories: News Flash
Date: Jun 27, 2023
Asia’s cash premium for very-low sulfur fuel oil (VLSFO) eased further on Monday as offers dipped...
Global shipping can halve emissions without impacting trade, study finds ahead of key UN decision
Categories: News Flash
Date: Jun 27, 2023
The global shipping industry can reduce emissions by nearly 50% by the end of the decade, according...
ICS network launches global campaign to drive seafarer recruitment
Categories: News Flash
Date: Jun 27, 2023
The International Chamber of Shipping (ICS) launches today a video titled ‘An Adventurous Spirit...
Baltic index snaps four-day winning streak on lower vessel rates
Categories: News Flash
Date: Jun 27, 2023
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk comm...
DP World advances electrification projects in Brazil
Categories: News Flash
Date: Jun 26, 2023
DP World is accelerating its adoption of renewable energy at the Port of Santos, Brazil’s leading...
India’s BPCL in talks with Rosneft to buy oil priced on Dubai benchmark -sources
Categories: News Flash
Date: Jun 26, 2023
Indian state-run refiner BPCL is in talks with Rosneft to buy about 6 million metric tons (43.8 mil...
Asian spot LNG prices ease, tracking European prices
Categories: News Flash
Date: Jun 26, 2023
Asian spot liquefied natural gas (LNG) prices were down this week but remained 33% up from its lowe...
Russian insurrection ends but attempted coup damages OPEC+ Producer
Categories: News Flash
Date: Jun 26, 2023
Russian President Vladimir Putin June 24 faced down an attempted military insurrection by mercenary...
Countries push for CO2 shipping levy as crunch talks loom
Categories: News Flash
Date: Jun 26, 2023
Maritime nations including Denmark and the Marshall Islands are rallying support for a global carbo...
More Ships Are Getting “Greener”
Categories: News Flash
Date: Jun 26, 2023
The number of “green” ships ordered is growing in size, as the industry is beginning its long...
Tankers To Ride Oil Demand Growth
Categories: News Flash
Date: Jun 26, 2023
The tanker market’s medium-term momentum remains positive after the latest round of reports. In i...
India’s May crude oil imports rise on strong Russian flows
Categories: News Flash
Date: Jun 26, 2023
India’s crude oil imports in May rose 2% from a year earlier, government data showed on Friday, o...
Tankers: VLCC Market Busy For Yet Another Week
Categories: News Flash
Date: Jun 26, 2023
MEG LR2’s remained stable for the majority of the week with inklings of an upturn as we head towa...