News Flash

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IMO Mandates That Containers Lost at Sea Must Be Reported

Categories: News Flash

Date: Jun 13, 2024

A step forward for international maritime safety occurred in London recently during the meeting of t...

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Shipping Container Prices Soar By 26% In Singapore, Leasing Rates Double

Categories: News Flash

Date: Jun 13, 2024

Recent data from Container xChange indicates a significant impact of congestion on the average conta...

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Baltic Index Inches Up As Panamax Gains Offset Capesize Losses

Categories: News Flash

Date: Jun 13, 2024

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commo...

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Konecranes powers up for the future by expanding its electrified portfolio and redefining operations between ship and container stack technology

Categories: News Flash

Date: Jun 12, 2024

Konecranes today announced a number of Port Solutions portfolio launches that reinforce its innovati...

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SeaLead Launches Liner Shipping Service Connecting China, South Korea and US West Coast

Categories: News Flash

Date: Jun 12, 2024

SeaLead announces the commencement of its new direct liner shipping service, linking China with Sout...

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IMO to open regional office in Fiji to serve the Pacific

Categories: News Flash

Date: Jun 12, 2024

IMO will open its seventh Regional Presence Office, in Suva, Fiji, to serve countries and territorie...

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Saudi crude oil exports to China to fall for 3rd straight month in July, sources say

Categories: News Flash

Date: Jun 12, 2024

Saudi crude oil exports to China will fall in July for a third straight month to about 36 million ba...

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ScanReach Launches Gas Detection Capabilities for Enhanced Onboard Safety

Categories: News Flash

Date: Jun 12, 2024

ScanReach, a pioneer in maritime IoT solutions, announces the launch of its Fire Risk & Onboard ...

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Houlder showcases innovative methanol bunkering vessel design in SPINE project

Categories: News Flash

Date: Jun 12, 2024

Houlder, the design and engineering consultancy with sustainability at its core, is pleased to annou...

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Seamar Management invests in FuelOpt™ of Manta Marine Technologies

Categories: News Flash

Date: Jun 12, 2024

Seamar Management S.A. is taking a significant step forward in its ongoing commitment to provide sus...

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Hapag-Lloyd sees no immediate Suez passage even if ceasefire reached now

Categories: News Flash

Date: Jun 12, 2024

German shipping company Hapag-Lloyd does not anticipate the shipping industry to resume sailing thro...

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Asia Fuel Oil-Spot premiums rangebound, cracks inch slightly up

Categories: News Flash

Date: Jun 12, 2024

Spot premiums for fuel oil were rangebound in Asia on Tuesday as the market continued to eye upcomin...

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Baltic index hits one-week low as capesize rates dip

Categories: News Flash

Date: Jun 12, 2024

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commo...

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Russia plans coal exports to India via Iran

Categories: News Flash

Date: Jun 11, 2024

Russia has announced plans to export coal to India using Iran’s railways. This announcement was ma...

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APM Terminals Elizabeth Advances $ 5M Electrification Pilot Project with $ 1.4M EPA Grant

Categories: News Flash

Date: Jun 11, 2024

APM Terminals Elizabeth is proud to announce significant progress in its $ 5 million investment for ...

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Qatar Shipyard Receives Remote Survey Approval from ABS

Categories: News Flash

Date: Jun 11, 2024

As part of a pioneering Joint Development Project (JDP), ABS approved a range of ship repair and ret...

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London P&I Club reports strong financial results for the 2023/24 financial year

Categories: News Flash

Date: Jun 11, 2024

The London P&I Club has today announced its financial results for 2023/24, reporting an operatin...

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TMS Group and Lloyd’s Register team up for Energy Transition Strategy Project

Categories: News Flash

Date: Jun 11, 2024

TMS Tankers Ltd. and TMS Cardiff Gas Ltd. have entered into a strategic partnership with Lloyd’s R...

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First Demonstration In Korea Of Marine Ammonia Engine Combustion Technology: Reduces Carbon Dioxide Emissions By 50%, A Promising Signal For A Shipbuilding Powerhouse

Categories: News Flash

Date: Jun 11, 2024

MW-class marine engine combustion technology that uses ammonia, a future renewable energy source, as...

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Sanctioned Russian tanker transfers Urals crude oil to another ship off Malaysia

Categories: News Flash

Date: Jun 11, 2024

Oil tanker SCF Primorye, owned by Russian state shipping company Sovcomflot and sanctioned by the Un...

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Asia Fuel Oil-Spot VLSFO market extends fall on multiple spot offers

Categories: News Flash

Date: Jun 11, 2024

Spot premiums for Very Low Sulphur Fuel Oil (VLSFO) extended declines on Monday as selling interest ...

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Ammonia cuts shipping GHG emissions by up to 61%

Categories: News Flash

Date: Jun 11, 2024

The study is part of a series on Greenhouse Gas (GHG) emission studies in the maritime sector to ref...

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Strategic Marine (S) Pte Ltd Signs Contract With Ventus Marine Ltd For Four (4) 27m Crew Transfer Vessels For Asia And Europe

Categories: News Flash

Date: Jun 11, 2024

Strategic Marine, a leading aluminium shipbuilder, is pleased to announce the construction of four 2...

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Two vessels catch fire after missile strikes off Yemen’s Aden

Categories: News Flash

Date: Jun 10, 2024

Two ships caught on fire after being hit by projectiles off Yemen’s Aden, two UK maritime agencies...

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Maersk had cargo onboard freight train in Czech railway accident

Categories: News Flash

Date: Jun 10, 2024

Shipping group Maersk said on Friday the freight train that collided with a passenger train in the C...

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Jumbo Offshore wraps up monopile removal works in Taiwan

Categories: News Flash

Date: Jun 10, 2024

Jumbo Offshore has completed the removal of two monopiles on the Offshore Wind Farm (OWF) Yunlin in ...

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China’s May coal imports rise 11% on lower domestic output

Categories: News Flash

Date: Jun 10, 2024

China’s imports of coal rose 11% in May from a year earlier, customs data and Reuters records show...

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ABS Issues AIP for ECOLOG’s Low-Pressure 40,000 m3 Design for LCO2 Carrier

Categories: News Flash

Date: Jun 10, 2024

ABS issued an Approval in Principle (AIP) for a low pressure, shallow-draft, low carbon footprint 40...

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International law crucial for robust shipping sector, says Hadjimanolis in Athens

Categories: News Flash

Date: Jun 10, 2024

Deputy Minister of Shipping Marina Hadjimanolis on Thursday, during her visit to Athens, highlighted...

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China Takes Orders for 54 Ships vs. Korea’s 2 in May

Categories: News Flash

Date: Jun 10, 2024

The Korean shipbuilding industry’s share of global shipbuilding orders plummeted to less than 10 p...

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Russian tanker group Sovcomflot expects sanctions to cut 2024 revenues

Categories: News Flash

Date: Jun 10, 2024

Russia’s leading tanker group Sovcomflot said western sanctions and changing market conditions may...

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IMO presents pathway to net-zero shipping at Bonn climate talks

Categories: News Flash

Date: Jun 10, 2024

The International Maritime Organization (IMO) has outlined its latest progress and plans to decarbon...