News Flash
Vessel demand drives Baltic index to over 11-week high
Categories: News Flash
Date: Mar 14, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Strong LNG Imports in the EU Are Expected for the Summer Period
Categories: News Flash
Date: Mar 14, 2023
European LNG imports are expected to rapidly increase over the course of summer, boosting demand fo...
India’s bitumen sector shrugs off curbs on ageing ships
Categories: News Flash
Date: Mar 14, 2023
India's bitumen market expects to see minimal impact from new shipping regulations, which will halt...
Competition Intensifying between Korean, Chinese Shipbuilders in Taking Orders for Methanol-Powered Ships
Categories: News Flash
Date: Mar 14, 2023
As methanol-powered ships are rapidly emerging as next-generation eco-friendly ships, competition i...
French LNG terminal disruptions expected to continue tomorrow
Categories: News Flash
Date: Mar 14, 2023
The strike against the French government’s planned pension reforms that have disrupted French liq...
India’s duty-free sunflower oil imports from Black Sea set to drop this year
Categories: News Flash
Date: Mar 14, 2023
India is likely to import 1.5 million tonnes of duty-free sunflower oil during the current fiscal y...
Product Tanker Market Flows Shifting After Ban on Russian Imports
Categories: News Flash
Date: Mar 13, 2023
The product tanker market flows have changed considerably since the EU ban on Russian imports. In i...
Shipping cost drops as larger vessels can enter Ctg port after Karnaphuli capital dredging
Categories: News Flash
Date: Mar 13, 2023
After completion of the capital dredging of the Karnaphuli River, the shipping cost has come down a...
Anglo-Eastern set to go wide with Starlink Maritime
Categories: News Flash
Date: Mar 13, 2023
This week celebrates the first formal installation of Starlink’s maritime broadband service withi...
S.N. Corporation Bangladesh ship recycling yard achieves HKC compliance
Categories: News Flash
Date: Mar 13, 2023
The certification of M/S. S.N. Corporation’s Unit-02 ship recycling yard at Shitalpur, Sitakunda ...
Asia-US container rates continue to plunge; US ports ‘wide open’ as consumer demand wanes
Categories: News Flash
Date: Mar 13, 2023
Rates for shipping containers from Asia to the US continued to slide this week as congestion has la...
Crude shipping revs up; supertanker rates top $100,000 a day
Categories: News Flash
Date: Mar 13, 2023
Spot rates for very large crude carriers (VLCCs) — tankers that carry 2 million barrels of oil ...
Oil and gas contractors to strike over pay
Categories: News Flash
Date: Mar 13, 2023
Oil and gas contractors on a series of North Sea platforms have voted to take strike action. Uni...
Tankers: VLCC Market Receives Strong Boost
Categories: News Flash
Date: Mar 13, 2023
Clean The Middle East Gulf has been active this week with rates improving on all sizes. TC1 (75k...
Carbon emissions from Indian marine sector lower than global average
Categories: News Flash
Date: Mar 13, 2023
The carbon emissions from the Indian marine fisheries sector is much lower than the global level, a...
Ukraine, Romania agree to check depths of Danube canals
Categories: News Flash
Date: Mar 13, 2023
Ukraine and Romania have agreed to check the depth of canals off the Danube river which Kyiv uses t...
DNV awards AiP for a floating ammonia production unit developed by SWITCH2 and BW Offshore
Categories: News Flash
Date: Mar 11, 2023
An industrial scale concept for a floating production unit to produce green ammonia has secured App...
Russia complains of unfulfilled pledges on Ukraine grain deal as renewal date looms
Categories: News Flash
Date: Mar 11, 2023
Russia’s foreign minister Sergey Lavrov March 9 repeated his country’s grievances with the agre...
VLSFO margin posts weekly gain despite ample prompt supplies
Categories: News Flash
Date: Mar 11, 2023
Refining margins for very low sulphur fuel oil (VLSFO) in Asia posted a mild weekly gain despite he...
Implied obligation to re-inspect without delay
Categories: News Flash
Date: Mar 11, 2023
In the Pan Ocean Co Ltd v. Daelim Corporation (DL Lilac) [2023] EWHC 391 (Comm) charterparty disput...
Demand for greener supply chain boosts PCTC newbuild market in China
Categories: News Flash
Date: Mar 11, 2023
Data from Clarkson shows this niche area is outperforming the rest of the shipping market, with 38 ...
Baltic index gains for third week on stronger capsizes
Categories: News Flash
Date: Mar 11, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Brazil’s Iron Ore Exports Down During 2022
Categories: News Flash
Date: Mar 11, 2023
Demand for iron ore declined during 2022, bringing export volumes down in most major markets, Brazi...
IMCA launches approval process for ROV introductory training courses
Categories: News Flash
Date: Mar 10, 2023
Following an increase in false certificates in circulation claiming to offer International Marine C...
P&O ferries one year on: time for government to work with unions, not attack them
Categories: News Flash
Date: Mar 10, 2023
Nautilus International, the union for maritime professionals, has called on government to work with...
NYK Recognized as a Certified Health and Productivity Management Organization for Seventh Consecutive Year
Categories: News Flash
Date: Mar 10, 2023
For a seventh consecutive year, NYK has been recognized in the large enterprise category of the Cer...
Hempel joins IMO public-private partnership to help prevent biofouling on ships’ hulls
Categories: News Flash
Date: Mar 10, 2023
Hempel joins the International Maritime Organization (IMO’s) Global Industry Alliance (GIA) for M...
“Coexistence is essential” as DNV report shows demand for ocean space will grow 5-fold by 2050
Categories: News Flash
Date: Mar 10, 2023
The collaboration between ocean industries will need to intensify for the rapid buildout of offshor...
NYK and FueLNG Achieve First LNG Bunkering of PCTC in Singapore
Categories: News Flash
Date: Mar 10, 2023
Nippon Yusen Kabushiki Kaisha (NYK), a leading Japanese shipping company, and FueLNG, a joint ventu...
FBX Index Fell 12% During February, Lowest Since August 2020
Categories: News Flash
Date: Mar 10, 2023
The Freightos Baltic Global index fell 12% to $1,946/FEU in February to a level last seen in August...
Record soybean harvest predicted despite Brazilian export decline of 31%
Categories: News Flash
Date: Mar 10, 2023
“Brazil’s soybean harvest is behind schedule due to heavy rain with exports down 31% y/y in the...
Baltic index climbs to 11-week high, led by capesizes
Categories: News Flash
Date: Mar 10, 2023
The Baltic Exchange’s main sea freight index rose to an 11-week high on Thursday as rates across ...