News Flash
VLSFO cash premium slides for third straight day
Categories: News Flash
Date: Mar 30, 2023
Asia’s cash premium for very low sulphur fuel oil (VLSFO) fell for a third consecutive session on...
Klaveness Combination Carriers ASA (“KCC”) Environmental Strategy 2023-50: Paving the way for cost-effective decarbonization in shipping
Categories: News Flash
Date: Mar 30, 2023
Our course is set on a 45% reduction in carbon intensity by 2030 compared against 2018, driven larg...
Shipping Corp to use $22.48m insurance money as capital expenditure
Categories: News Flash
Date: Mar 30, 2023
The Bangladesh Shipping Corporation – a state-owned oceangoing vessel management authority – ha...
Electricity generated from Tidal Energy will be supplied to an Off-Grid island for the First Time in South East Asia
Categories: News Flash
Date: Mar 30, 2023
A tidal-energy demonstration off the grid* of Singapore will start generating power for the first t...
Seaspan Announces Completion of Acquisition of Atlas by Poseidon Acquisition Corp.
Categories: News Flash
Date: Mar 30, 2023
Seaspan Corporation ("Seaspan"), a wholly owned subsidiary of Atlas Corp. ("Atlas" or the "Company"...
Maersk’s APM Terminals to double capacity in Rotterdam port
Categories: News Flash
Date: Mar 29, 2023
APM Terminals, a subsidiary of Danish shipping company Maersk MAERSKb.CO, plans to double its capac...
Standard Chartered Played a lead role in Vista Shipping’s USD89.6 million Loan for The Acquisition of LNG-Dual Fuelled Vessels
Categories: News Flash
Date: Mar 29, 2023
Standard Chartered was appointed to lead a USD89.6 million sustainability-linked loan (SLL) for Vis...
Nor-Shipping partners to fuel progress with dedicated hydrogen conference
Categories: News Flash
Date: Mar 29, 2023
Nor-Shipping is partnering with Ocean Hyway Cluster, Norway’s leading Hydrogen network, and clust...
Norsepower secures €28 million from investors to bring sails back to shipping
Categories: News Flash
Date: Mar 29, 2023
Norsepower Oy Ltd., the leading global provider of mechanical sails for large ships, has successful...
Kongsberg Maritime to provide design, engineering and equipment on three methanol ready, wind-assisted tankers for Tärntank
Categories: News Flash
Date: Mar 29, 2023
Kongsberg Maritime will supply design, engineering, and equipment for three MGO/Biofuel and methano...
ICS publishes new landmark practical medical guide which can deliver a remarkable difference in seafarers’ and fishers’ lives on board vessels
Categories: News Flash
Date: Mar 29, 2023
Given the remote nature of shipping, seafarers know that their life may sometimes depend on at-hand...
Industry bodies unite in producing Guidelines for safe transport of Lithium-ion batteries in containers
Categories: News Flash
Date: Mar 29, 2023
The Lithium-ion Batteries in Containers Guidelines seek to prevent the increasing risks that the tr...
HSFO margins recover to nine-month highs
Categories: News Flash
Date: Mar 29, 2023
Refining margins for high sulphur fuel oil (HSFO) rose to nine-month highs as of Tuesday, supported...
DNV upgrades AFI platform to promote data-sharing and accelerate transition to zero-carbon shipping
Categories: News Flash
Date: Mar 29, 2023
DNV has enhanced its Alternative Fuels Insight (AFI) data platform as part of an effort to accelera...
Baltic index drops to a near 3-week low on lower vessel demand
Categories: News Flash
Date: Mar 29, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
ABS and Texas A&M Grow Global Strategic Relationship with $2.5m Donation to Endow Ocean Engineering Department Chair and Fund New Laboratory for Ocean Innovation
Categories: News Flash
Date: Mar 28, 2023
ABS and Texas A&M University (TAMU) are expanding their unique global strategic relationship wi...
Mission To Seafarers And Deutsche Seemannsmission Agree Partnership Deal To Support Seafarer Welfare In Panama
Categories: News Flash
Date: Mar 28, 2023
Leading maritime welfare organisations The Mission to Seafarers and Deutsche Seemannsmission have l...
DNV awards first D-INF(S) type approvals to COSCO and SHI for standardized data infrastructure systems
Categories: News Flash
Date: Mar 28, 2023
COSCO and SHI have received the world’s first D-INF(S) type approvals from DNV for their data col...
Wallenius Wilhelmsen: Electric vehicles pose a new threat to safety on the high seas
Categories: News Flash
Date: Mar 28, 2023
Shipping companies are facing an added concern with the increasing demand for electric vehicles. Fi...
Container freight rates expected to stay low as demand could remain subdued until Q3
Categories: News Flash
Date: Mar 28, 2023
Ocean freight rates are expected to remain subdued until the peak demand season later this year whe...
Shipping industry can save $50 bn through four enablers of operational efficiency
Categories: News Flash
Date: Mar 28, 2023
Anew insight brief series from the Global Maritime Forum identifies four actions that maritime and ...
Baltic index falls on lower vessel demand
Categories: News Flash
Date: Mar 28, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
MSC Adds Another Ultra Large Container Vessel to Its Fleet
Categories: News Flash
Date: Mar 28, 2023
MSC's fleet has welcomed the ultra-large boxship "CELESTINO MARESCA," which was delivered to the Ba...
Norwegian cargo ship struck tug and pier at Harlingen
Categories: News Flash
Date: Mar 28, 2023
General cargo ship HAGLAND CARRIER struck docked tug PETER (IMO 9842762) while berthing at Harlin...
Busan partners with marine science council to build world’s first prototype floating community
Categories: News Flash
Date: Mar 28, 2023
A marine science council will join a United Nations project to build the world’s first prototype ...
FTC criticized for delaying approval for Hanwha’s acquisition of DSME
Categories: News Flash
Date: Mar 27, 2023
Korea’s antitrust regulator has emerged as an unexpected obstacle to Hanwha Group’s acquisition...
Amazon, other retailers revamp ‘free’ shipping as costs soar
Categories: News Flash
Date: Mar 27, 2023
There is no such thing as free shipping. Even so, Amazon.com Inc AMZN.O and other online retaile...
Europe’s Ports Welcome The Agreement On FuelEU Maritime To Reduce Emissions From Shipping During Navigation And At Berth
Categories: News Flash
Date: Mar 27, 2023
The European Sea Ports Organisation (ESPO) is pleased to see that a preliminary agreement has been ...
BW LPG Chooses Closelink As New Procurement Platform
Categories: News Flash
Date: Mar 27, 2023
Closelink is excited to announce that BW LPG has joined its marine lubricants procurement platform ...
Freight Rebound Hopes Are Fading Under an Inventory Glut
Categories: News Flash
Date: Mar 27, 2023
Freight companies are dialing back expectations that demand will recover strongly in the second hal...
Latest intersessional IMO meeting provides important clues on what might be agreed in the revised GHG strategy in July 2023
Categories: News Flash
Date: Mar 27, 2023
Much of the specifics remain up in the air as IMO’s ISWG-GHG 14 meeting outcome leaves open a bro...
Dry Bulk Market: Capesize Market Down This Week
Categories: News Flash
Date: Mar 27, 2023
Capesize The Capesize market declined early in the week without much support from either of the ...