News Flash
Cyprus shipping faces second Turkish embargo
Categories: News Flash
Date: Apr 03, 2023
Ships flying the Cypriot flag are faced with a second Turkish embargo as they are prevented from tr...
NORDEN buys bigger ships, sees China commodities trade picking up
Categories: News Flash
Date: Apr 03, 2023
Shipping group NORDEN has acquired larger capesize dry bulk ships, aiming to benefit from China’s...
Euronav Says Crude Tanker Market is Well Positioned for Multi-Year Upcycle
Categories: News Flash
Date: Apr 03, 2023
Euronav NV reported its final financial results today for the full year to 31 December 2022. The...
Dry Bulk Market: March Was a Great Month for Capesizes
Categories: News Flash
Date: Apr 03, 2023
Capesize The first quarter of 2023 ended with a decline of $95 on the Capesize time charter aver...
Mass flow meters at Fujairah need robust regulatory support: bunker suppliers
Categories: News Flash
Date: Apr 03, 2023
Bunkering at Fujairah would benefit from the transparency that mass flow meters confer and conseque...
Calls to cut oil tanker traffic near global marine biodiversity hotspot in aftermath of Philippines oil spill
Categories: News Flash
Date: Apr 01, 2023
The aftermath of an oil tanker’s sinking in Philippine waters has exposed cracks in the country...
LR Approval in Principle for Hyundai Heavy Industries’ new Onboard Guidance System for container ships
Categories: News Flash
Date: Apr 01, 2023
Lloyd’s Register has awarded Approval in Principle (AiP) to Hyundai Heavy Industries (HHI) for it...
Wärtsilä Cargo Handling and Fuel Gas Supply systems continue to be the choice for ethane carriers
Categories: News Flash
Date: Apr 01, 2023
Technology group Wärtsilä has again been contracted by the Hyundai Heavy Industries (HHI) shipyar...
COSCO SHIPPING Holdings Posted Remarkable Results Laying A Solid Foundation for Transformation
Categories: News Flash
Date: Apr 01, 2023
COSCO SHIPPING Holdings Co., Ltd. announced its 2022 annual results. In 2022, COSCO SHIPPING Hol...
Norsepower and IINO Lines agree to install Norsepower Rotor Sails™ on a newbuild VLGC
Categories: News Flash
Date: Apr 01, 2023
Norsepower Ltd., the leading global provider of auxiliary wind propulsion systems, and global shipp...
ECSA and ICS warmly welcome EU decision to recognise training and certification of Filipino seafarers
Categories: News Flash
Date: Apr 01, 2023
The European Commission decided today to continue to recognise the Philippines’ training and cert...
Viterra exits Russian grain trade; team to create new Russian exporter
Categories: News Flash
Date: Apr 01, 2023
Global grain trader Viterra’s management team in Russia plans to create an independent Russian gr...
Refining margin for VLSFO drops over 10% in March
Categories: News Flash
Date: Apr 01, 2023
Asia’s refining margin for 0.5% very low sulphur fuel oil fell by more than 10% in March compared...
Container Values Stabilize, Tanker Tonne Mile Demand Expectations Remain Strong
Categories: News Flash
Date: Apr 01, 2023
The Q1 2023 Forecast is a collaboration between VesselsValue and ViaMar that focusses on prediction...
Baltic index marks worst week in 6 on lower capesize, supramax demand
Categories: News Flash
Date: Apr 01, 2023
The Baltic exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Kawasaki Receives an Order for an 86,700 m-3 LPG-fueled LPG/ NH3 Carrier
Categories: News Flash
Date: Mar 31, 2023
Kawasaki Heavy Industries, Ltd. announced today that it has concluded a shipbuilding contract for a...
CHINA DATA: Crude throughput to dip in March, April amid maintenance
Categories: News Flash
Date: Mar 31, 2023
China’s crude throughput in April is set to fall further from March as both state-owned and small...
Iron ore extends recent climb, margin pressure caps gains
Categories: News Flash
Date: Mar 31, 2023
Dalian iron ore futures were set for a fourth straight session of gains on Thursday, supported by t...
Japan’s dry bulk imports fall 4% amid weak steel demand
Categories: News Flash
Date: Mar 31, 2023
Having narrowly avoided a recession in the fourth quarter of 2022, the Japanese economy appears to ...
NORDEN enters Capesize segment
Categories: News Flash
Date: Mar 31, 2023
In line with our 2023-2025 strategy to capitalise on the most attractive opportunities in the marke...
Latest IAPH World Ports Tracker: Supply Chain Crunch Over, And Port Investments Proceed In Infrastructure, Energy Transition And Sustainability
Categories: News Flash
Date: Mar 31, 2023
The International Association of Ports and Harbors (IAPH) has just published its latest World Ports...
Spot market steady; more April tenders underway
Categories: News Flash
Date: Mar 31, 2023
Asia’s spot fuel oil market was little changed on Thursday, while more tenders for April were in ...
Thermal coal imports pick up in most Asian buyers as prices moderate
Categories: News Flash
Date: Mar 31, 2023
Cheaper prices and rising energy demand are boosting seaborne imports of thermal coal among most, b...
French Strikes Snarl Ports, Leaving Millions of Barrels of Oil Stranded on Tankers
Categories: News Flash
Date: Mar 31, 2023
Strikes in France have brought the country’s oil refineries close to a halt, driving a backlog of...
Baltic index inches lower on weak supramax demand
Categories: News Flash
Date: Mar 31, 2023
The Baltic Exchange’s dry bulk sea freight index dipped on Thursday as declines in the supramax v...
Contagion risks loom over Adani Transmission and Adani Ports
Categories: News Flash
Date: Mar 30, 2023
Ratings agency Fitch has said that two Adani Group subsidiaries are exposed to heightened contagion...
Online exams to continue following successful pilot project
Categories: News Flash
Date: Mar 30, 2023
A pilot scheme to allow candidates for the Officer of the Watch (OOW) deck unlimited qualification ...
Ship seized by pirates seen 540 miles west from Gulf of Guinea attack point
Categories: News Flash
Date: Mar 30, 2023
A Danish-owned vessel that was boarded by pirates in the Gulf of Guinea on Saturday was spotted abo...
New destinations for Russian products to boost product tanker shipping demand
Categories: News Flash
Date: Mar 30, 2023
The ongoing shift in refined products trade patterns is likely to strengthen the demand for product...
Wartsila sees role for ethanol in fragmented bunker fuel landscape
Categories: News Flash
Date: Mar 30, 2023
Wartsila is seeing a potential role for ethanol in the shipping industry’s multi-fuel future, wit...
Trans-Atlantic container rates still double pre-COVID levels
Categories: News Flash
Date: Mar 30, 2023
Container shipping rates are not back to normal quite yet. Trans-Pacific rates have returned to pre...
Container shipping asked to clean up its act in view of upcoming scrapping wave
Categories: News Flash
Date: Mar 30, 2023
Triggered by overcapacity, lower freight rates and the new carbon regulations expected this year, n...