News Flash
ABS and HD Hyundai Group Sign MOU to Advance Medium-Voltage Power Systems on Ships
Categories: News Flash
Date: May 15, 2024
ABS, HD Korea Shipbuilding & Offshore Engineering Co., Ltd. and HD Hyundai Heavy Industries, Co...
OceanCare: Gibraltar orca attack not deliberate or act of revenge
Categories: News Flash
Date: May 15, 2024
On Sunday, 12 May, the 15-metre yacht “Alboran Cognac” sank in the southern entrance to the Str...
Will new US tariffs on China imports be a case of history repeating? Businesses brace for increased supply chain costs
Categories: News Flash
Date: May 15, 2024
Global supply chains are braced for further disruption and increasing costs after US President, Joe...
Baltic index hits more than one-week low on weaker vessel rates
Categories: News Flash
Date: May 15, 2024
The Baltic Exchange’s main sea freight index that tracks rates for ships carrying dry bulk commod...
Iran releases some crew members of ship seized in the Gulf
Categories: News Flash
Date: May 13, 2024
Iran has released seven crew members of a Portuguese-flagged container ship seized in the Gulf on 1...
MOL Joins Project to Develop Frozen and Refrigerated Warehouse in Singapore-promoting investment in Southeast Asia, the key area for MOL, by utilizing group network
Categories: News Flash
Date: May 13, 2024
Mitsui O.S.K. Lines, Ltd. announced that MOL (Asia Oceania) Pte. Ltd. (Managing Director: Jotaro Ta...
Asian spot LNG prices rise on signs of stronger demand
Categories: News Flash
Date: May 13, 2024
Asian spot liquefied natural gas prices rose this week on stronger demand amid high temperatures in...
West Africa Container Terminal (WACT) replaces diesel generation with solar electricity
Categories: News Flash
Date: May 13, 2024
The West Africa Container Terminal (WACT) has signed a significant Solar Lease Agreement with Stars...
Brazilian ports grapple with fuel supply challenges
Categories: News Flash
Date: May 13, 2024
Brazilian petroleum firm and bunker supplier Petrobras will temporarily be unable to provide LSMGO ...
Shipping Market Conditions Boost Yang Ming’s First Quarter Results
Categories: News Flash
Date: May 13, 2024
Yang Ming Marine Transport Corporation (Yang Ming) held its 392nd Board Meeting on 10th May to appr...
Maersk Suspends Methanol Ship Order to Chinese Shipbuilder
Categories: News Flash
Date: May 13, 2024
Maersk, the world’s second-largest shipping company, has reportedly postponed an order for 15 met...
Stowage of heavy lift cargo: legal and insurance implications
Categories: News Flash
Date: May 13, 2024
The project cargo trade, as with many segments of the shipping industry, experienced a boom during ...
Korean Shipbuilders Post Drop in Shipbuilding Volume due to Growing Proportion of Less-skilled Foreign Workers
Categories: News Flash
Date: May 13, 2024
Korean shipbuilders, which have been fiercely competing with Chinese shipbuilders on the global sta...
Panama Canal in talks with US LNG producers to increase transit
Categories: News Flash
Date: May 13, 2024
The Panama Canal is in talks with U.S. liquefied natural gas (LNG) producers on how to meet increas...
Shaping a safer and sustainable future for shipping
Categories: News Flash
Date: May 03, 2024
Sunil Krishnakumar, Senior Technical Manager at the International Chamber of Shipping, provides his...
Xeneta Shipping Index (XSI®): Long term rates edge up globally as Red Sea conflict continues to cast uncertainty across the market
Categories: News Flash
Date: May 03, 2024
Ocean freight container carriers are treading a fine line between risk and reward during new contra...
Baltic index hits over one-week high on capesize strength
Categories: News Flash
Date: May 03, 2024
The Baltic Exchange’s dry bulk sea freight index rose to more than a week high on Thursday, suppo...
Panama Canal: From Crisis to Opportunity: Rethinking Water Management in a Changing Climate
Categories: News Flash
Date: May 03, 2024
As climate change intensifies, I’ve noticed a notable increase in extreme weather events hamperin...
Optimarin enters new growth phase with Hyde Marine acquisition to strengthen BWTS market position
Categories: News Flash
Date: May 03, 2024
Optimarin is expanding its position in the market for ballast water treatment systems with a deal t...
USGC expected to see steady HSFO imports from Mexico amid rise in production
Categories: News Flash
Date: May 03, 2024
As Mexico continues to see HSFO output surge and exports hit record highs, the US Gulf Coast is poi...
Greece imports no LNG in April for first time in five years
Categories: News Flash
Date: May 03, 2024
Greece has imported no LNG in April for the first time in five years, as gas prices in the region h...
Quadrise And Vertoro Commit To Accelerating Sea-Trials Of Sustainable Marine Fuels
Categories: News Flash
Date: May 03, 2024
Quadrise Plc (AIM: QED), the supplier of innovative energy solutions for a cleaner planet, provides...
Atlantic Dry Bulk Market Strength Likely To Wane In May On Higher Tonnage Concerns
Categories: News Flash
Date: May 03, 2024
Market participants in the East Coast South America region maintained a slightly bearish tone for ...
Record-breaking container throughput at the Port of Gothenburg following import surge
Categories: News Flash
Date: May 01, 2024
The container volumes at the Port of Gothenburg continue to increase from last year’s record leve...
Stella Maris warns seafarers face mounting risks running the Red and Black Sea gauntlet
Categories: News Flash
Date: May 01, 2024
Houthis resumed their attacks on shipping in Red Sea last week, firing missiles and drones. Since l...
China overtakes Japan in April as Australia’s top coal market
Categories: News Flash
Date: May 01, 2024
Australia shipped more coal to China than Japan in April, the first time this has happened in any m...
Seafarers Happiness Index reveals uptick in Seafarer Wellbeing in Q1 2024
Categories: News Flash
Date: May 01, 2024
The findings of the latest Seafarers Happiness Index report by the Mission to Seafarers show a posi...
Kongsberg: 26 per cent growth and EBIT of NOK 1.46 billion in the First Quarter
Categories: News Flash
Date: May 01, 2024
We’ve achieved a quarter of growth and strong results. Our key performance indicators have progre...
Asia Fuel Oil-Spot 180-cst HSFO market jumps on firmer trade
Categories: News Flash
Date: May 01, 2024
Asia’s spot market for 180-cst high sulphur fuel oil (HSFO) firmed on Tuesday as a stronger bid e...
Time for “Fit for 55” implementation
Categories: News Flash
Date: May 01, 2024
On April 8th, 2024, FEPORT Secretary General and 27 high-level representatives of different parts o...
ESG provides a roadmap for dry bulk shipping says INTERCARGO as it publishes first ESG Review
Categories: News Flash
Date: May 01, 2024
The evolving Environmental, Social, and Governance (ESG) agenda is not merely a prerequisite for op...
Baltic index steady as gains in capesize offset lower rates for smaller vessels
Categories: News Flash
Date: May 01, 2024
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...