News Flash
US sanctions strand Iran, Russia oil on tankers, driving up crude costs
Categories: News Flash
Date: Feb 13, 2025
The amount of Russian and Iranian oil held on ships has hit multi-month highs as harsher U.S. sancti...
Carbon cost doubles for intra-EU bunker use with tighter regulation, bullish EUA
Categories: News Flash
Date: Feb 13, 2025
Also, EU Allowance contracts rose to Eur78/mtCO2e ($81/mtCO2e) on average in January from Eur68/mt i...
Baltic index declines for third day as capesize plunges to 2-year low
Categories: News Flash
Date: Feb 13, 2025
The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transp...
Russian energy official says US sanctions should not hinder oil trade with India
Categories: News Flash
Date: Feb 12, 2025
U.S. sanctions on Russia should not affect Moscow’s oil trade with India, Pavel Sorokin, Russia’...
India may raise US, Middle East crude purchases if sanctions affect Russian flows – FIPI chief
Categories: News Flash
Date: Feb 12, 2025
India’s crude supplies from Russia could face some challenges due to higher shipping costs from a ...
The Swedish Club launches Passage Plan+ guide to enhance safe navigation
Categories: News Flash
Date: Feb 12, 2025
Marine insurance specialist, The Swedish Club, today announced the launch of its Passage Plan+ Guide...
Trump escalates Panama Canal tensions, raises concerns for South Korean shipping industry
Categories: News Flash
Date: Feb 12, 2025
U.S. President Donald Trump is escalating tensions over the Panama Canal, causing anxiety among ship...
China’s Crude Oil Imports Decreased From A Record As Refinery Activity Slowed
Categories: News Flash
Date: Feb 12, 2025
Slower oil demand growth in 2024 led to less crude oil processed by China’s refineries and fewer c...
Fuel Oil Markets retain strength in sentiment-driven rally
Categories: News Flash
Date: Feb 12, 2025
Fuel oil markets maintained strength on Tuesday amid a rally primarily driven by sentiment, trade so...
Taylor Maritime Changes to Commercial Company Status
Categories: News Flash
Date: Feb 12, 2025
The Board is pleased to confirm that the transfer of the Company’s ordinary shares listing from th...
U.S. approves HMM’s Premier Alliance, enhancing global shipping routes
Categories: News Flash
Date: Feb 12, 2025
The new shipping alliance “Premier Alliance,” which includes Korea’s largest shipping company ...
India’s thermal coal imports seen falling for second straight year
Categories: News Flash
Date: Feb 12, 2025
India’s thermal coal imports are expected to fall for the second straight year in 2025 due to decr...
Baltic index slips on lower capesize, panamax rates
Categories: News Flash
Date: Feb 12, 2025
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk c...
Initial Conclusions of Elogen’s Strategic Review and Changes in GTT’s Governance
Categories: News Flash
Date: Feb 11, 2025
As announced in its press release on 9 January 2025, the GTT Group is conducting a strategic review ...
Hapag-Lloyd Nears $1.2 Bil. Deal with Hanwha Ocean for LNG Dual-fuel Container Ships
Categories: News Flash
Date: Feb 11, 2025
Hapag-Lloyd, the world’s fifth-largest shipping company, is reportedly in the final stages of revi...
HD Korea Shipbuilding Secures 538.3 Billion Won Contract for LNG Bunkering Vessels
Categories: News Flash
Date: Feb 11, 2025
HD Korea Shipbuilding & Offshore Engineering has secured a significant contract to construct fou...
International Registries Inc.: Looking Internally to Enhance Client Experiences in 2025
Categories: News Flash
Date: Feb 11, 2025
IRI President Bill Gallagher explores the year ahead in this 2025 message to clients and colleagues:...
Höegh Autoliners ASA Says Seasonal Slowdown Impacts Trading in January
Categories: News Flash
Date: Feb 11, 2025
In January 2025, Höegh Autoliners transported 1.1 million cbm of cargo on prorated basis. Transport...
Lloyd’s Register awards its first VC-L+ Descriptive Note for vessel connectivity
Categories: News Flash
Date: Feb 11, 2025
Lloyd’s Register (LR) has awarded its first VC-L+ Descriptive Note for vessel connectivity to Neda...
Yara and NYK Conclude World’s First Time-Charter Agreement for Ammonia-Fueled Medium Gas Carrier
Categories: News Flash
Date: Feb 11, 2025
Yara Clean Ammonia Switzerland SA (Yara Clean Ammonia)*, a subsidiary company of Yara International ...
VLSFO leans to downside while HSFO strength holds
Categories: News Flash
Date: Feb 11, 2025
Asia’s fuel oil market posted contrasting trends for key grades, with very low sulphur fuel oil (V...
IBIA leads change in the rules for the carriage of biofuels by bunker vessels
Categories: News Flash
Date: Feb 11, 2025
In November 2023 IBIA submitted a document to IMO on the carriage of biofuels for supply to a ship f...
Latest US sanctions raise risks for ships moving Iranian oil in China
Categories: News Flash
Date: Feb 11, 2025
The challenge has intensified for the VLCC Star Forest to conceal the rare Iranian barrels loaded fr...
Baltic index falls as larger vessel rates dip
Categories: News Flash
Date: Feb 11, 2025
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk c...
Sri Lankan Navy Detains 14 Tamil Nadu Fishermen, Total Arrests Reach 88 This Year
Categories: News Flash
Date: Feb 10, 2025
MADURAI: The Sri Lankan Navy apprehended 14 fishermen from Rameswaram and seized two trawlers for al...
Asian spot LNG prices at two-month high tracking EU gas rally
Categories: News Flash
Date: Feb 10, 2025
Asian spot liquefied natural gas (LNG) prices hit a two-month high this week, tracking a rally in Eu...
Advancing Maritime Digitalization: POC about Shipdex-D and Shipdex-F together
Categories: News Flash
Date: Feb 10, 2025
The Shipdex protocol, as already known, consists of two specifications derived from international ae...
Asyad Shipping to set IPO price range next week: IFR
Categories: News Flash
Date: Feb 10, 2025
Oman’s Asyad Shipping is expected to set a price range next week ahead of books opening for what i...
Korean shipbuilders report profits as LNG market projects growth
Categories: News Flash
Date: Feb 10, 2025
Samsung Heavy Industries recorded a profit last year, leading the Big Three shipbuilders, including ...
Panama Ship Registration: A Game-Changer for Asian Shipowners
Categories: News Flash
Date: Feb 10, 2025
Asia is a powerhouse in global trade and shipping. For shipowners in this region, Panama offers one ...
US-China tariff war may create glut of US coking coal cargoes in Asia
Categories: News Flash
Date: Feb 10, 2025
The recent tit-for-tat tariff bouts between the US and China were expected to create a potential glu...
Red Sea ransom: How emails power Houthis’ $2 billion piracy operation
Categories: News Flash
Date: Feb 10, 2025
The Red Sea, a vital artery for global trade, has become a battleground for modern piracy that blend...