News Flash
AI Tech is key to protecting whales from deadly collisions with ships
Categories: News Flash
Date: Feb 18, 2023
Up to 20,000 whales die in ship collisions every year, according to sustainable seafood and fisheri...
Talks on extending Black Sea grain deal start in a week – Ukraine
Categories: News Flash
Date: Feb 18, 2023
Negotiations will start in a week on extending a U.N.-backed initiative that has enabled Ukraine to...
EU prepares to sanction Russia’s ‘shadow fleet’ of oil tankers
Categories: News Flash
Date: Feb 18, 2023
The European Union is preparing new sanctions against shipping company SUN Ship Management Ltd, whi...
Spot premiums, margins for VLSFO at one-month lows
Categories: News Flash
Date: Feb 18, 2023
Asia’s spot cash premiums and refining margins for 0.5% very low sulphur fuel oil (VLSFO) ended a...
Phoenix Divers Aid Tanker With Propeller Damage At Port In Corpus Christi, TX
Categories: News Flash
Date: Feb 18, 2023
Phoenix International Holdings, Inc.’s (Phoenix) commercial ship husbandry division recently resp...
Product tanker markets shift amid Russian sanctions: Scorpio Tankers
Categories: News Flash
Date: Feb 18, 2023
Refined product sanctions coming into play offer new destinations for Russian diesel with changing ...
Improved economic outlook, but growth still ‘subpar’
Categories: News Flash
Date: Feb 18, 2023
While pockets of resilience might be emerging, the International Monetary Fund predicts that the gl...
MRs Dominate Tanker S&P
Categories: News Flash
Date: Feb 18, 2023
MR secondhand sales have dominated the Tanker sale and purchase sector so far this year, accounting...
Baltic index falls for seventh straight week
Categories: News Flash
Date: Feb 18, 2023
The Baltic Exchange’s main sea freight index edged higher on Friday but declined for the seventh ...
WinGD targets predictive maintenance in cooperation with Bernhard Schulte Shipmanagement
Categories: News Flash
Date: Feb 17, 2023
Swiss marine power company WinGD has launched a pilot project for a new engine diagnostics solution...
Eastern Pacific Shipping and Value Maritime install first-of-its-kind fully integrated carbon capture solution onboard MR tanker M/T Pacific Cobalt
Categories: News Flash
Date: Feb 17, 2023
The pioneering project is a first for ocean-going vessels to date and aims to pave the way for indu...
Danish-operated tanker seeking new port after Spanish entry ban
Categories: News Flash
Date: Feb 17, 2023
Singapore-flagged tanker Maersk Magellan is looking for another location after being stopped from e...
VLSFO reverts to downtrend after short-lived strength
Categories: News Flash
Date: Feb 17, 2023
Asia’s spot cash premium for very low sulphur fuel oil (VLSFO) reverted to a softer trend on Thur...
Fully Autonomous Ship Initiative Recognized by Japan’s Cabinet Office at Fifth Japan Open Innovation Prize Ceremony
Categories: News Flash
Date: Feb 17, 2023
On Feb 15, NYK and NYK Group companies Japan Marine Science Inc., MTI Co. Ltd., and Kinkai Yusen Ka...
Pioneering partnership to deliver innovative solution for floating wind industry
Categories: News Flash
Date: Feb 17, 2023
Tugdock Limited has announced a partnership with Sarens, the global leader and reference in crane r...
Divide Between Long-Term And Spot Rates Dissolves, As Shippers Look To Call Shots In Contract Negotiations
Categories: News Flash
Date: Feb 17, 2023
The latest data from Xeneta reveals a fundamental shift in the container market, with a rapid closu...
Baltic index nears three-year low on lower capesize, panamax demand
Categories: News Flash
Date: Feb 17, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
United Maritime Announces the Acquisition of Three Dry Bulk Vessels consisting of Two Kamsarmaxes and a Bareboat Charter Agreement with a Purchase Option for one Panamax Vessel
Categories: News Flash
Date: Feb 17, 2023
United Maritime Corporation, announced that pursuant to its fleet growth strategy, it has entered i...
Product Tanker Market on the Rebound, As Container Retreat to Pre-Pandemic Levels
Categories: News Flash
Date: Feb 17, 2023
The shipping markets have been exhibiting a mixed bag of performance lately. In its latest weekly r...
India, soon world’s most populous nation, doesn’t know how many people it has
Categories: News Flash
Date: Feb 16, 2023
In two months, India is projected to become the world’s most populous country with over 1.4 billi...
Ship Finance Corporation Reports Fourth Quarter Net Profit of $48.5 Million
Categories: News Flash
Date: Feb 16, 2023
SFL Corporation Ltd. announced its preliminary financial results for the quarter ended December 31,...
Cash premiums for VLSFO rise, Fujairah stocks fall
Categories: News Flash
Date: Feb 16, 2023
Asia’s very low sulphur fuel oil (VLSFO) market gained on Wednesday after inventories at the Fuja...
Mr. Marine acquires Atlas Marine Services Pte Ltd.
Categories: News Flash
Date: Feb 16, 2023
Mr. Marine has acquired 100% of the shares in Singapore-based Atlas Marine Services Pte Ltd. With t...
Danish-operated tanker banned from Spanish ports over oil transfer
Categories: News Flash
Date: Feb 16, 2023
A ship operated by Denmark’s Maersk Tankers has been banned from Spanish ports, Spanish officials...
The International Chamber of Shipping reaffirms commitment to 2050 net zero
Categories: News Flash
Date: Feb 16, 2023
The Board of the International Chamber of Shipping (ICS), which represents over 80% of the world’...
DCSA’s member carriers commit to a fully standardised, electronic bill of lading by 2030
Categories: News Flash
Date: Feb 16, 2023
Digital Container Shipping Association(DCSA) today announces its nine ocean carrier members commit ...
Chinese shipyards hit record 47% market share in 2022
Categories: News Flash
Date: Feb 16, 2023
“In 2022, Chinese shipyards reached a market share of 47% and for the first time exceeded the com...
Baltic Index falls on lower rates for larger vessels
Categories: News Flash
Date: Feb 16, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Newbuilding Ordering Activity Slows Down
Categories: News Flash
Date: Feb 16, 2023
There wasn’t too much movement in the S&P or the newbuilding markets this past week. In its l...
China’s Jiangsu Huadian Ganyu LNG terminal begins construction
Categories: News Flash
Date: Feb 15, 2023
Jiangsu Huadian Ganyu LNG terminal has started construction at Ganyu port, Lianyungang in China’s...
Iran, Kazakhstan consider establishing direct shipping line in Caspian Sea
Categories: News Flash
Date: Feb 15, 2023
In a meeting between Head of Iran’s Ports and Maritime Organization (PMO) Ali-Akbar Safaei and Ka...
Wärtsilä plans structural changes to streamline the marine customer offering and improve profitability
Categories: News Flash
Date: Feb 15, 2023
Following the announcement in October 2022, Wärtsilä has integrated the Voyage business into Wär...