News Flash
USA: Treasury Intensifies Pressure on Iranian Shadow Fleet
Categories: News Flash
Date: Dec 05, 2024
The United States is imposing sanctions on 35 entities and vessels that play a critical role in tran...
Baltic index hits 15-month low as capesize rates dip
Categories: News Flash
Date: Dec 05, 2024
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk c...
WinGD wins late engine orders for eight newbuild LNG carriers
Categories: News Flash
Date: Dec 04, 2024
Swiss marine power company WinGD has won an order for 16 X-DF dual-fuel engines after a late-stage s...
Profitable and green: innovative hull maintenance helps Hapag-Lloyd reduce emissions and cut costs
Categories: News Flash
Date: Dec 04, 2024
As part of its continued effort to drive sustainability in the maritime industry, German container l...
Supply Chain Established for Cargo Tanks Transporting Liquefied CO2 at Elevated Pressure (EP) NYK, KNCC, and JFE Shoji Advance Toward Social Implementation of CCS
Categories: News Flash
Date: Dec 04, 2024
Nippon Yusen Kabushiki Kaisha (“NYK”), its group company Knutsen NYK Carbon Carriers AS (“KNCC...
Maersk completes order of 20 dual-fuel vessels
Categories: News Flash
Date: Dec 04, 2024
A.P. Moller – Maersk (Maersk) has signed agreements with three yards for a total of 20 container v...
Saverex NV intends to launch a voluntary and conditional public takeover bid on Exmar NV
Categories: News Flash
Date: Dec 04, 2024
Saverex NV (“Saverex”) announces today that it intends to launch a voluntary and conditional pub...
Asia Fuel Oil-Market retains downward pressure amid high supply inflows
Categories: News Flash
Date: Dec 04, 2024
Asia’s fuel oil benchmarks continued to soften on Tuesday amid high supply inflows in the month, w...
US LNG exports to Europe surge in November on higher prices
Categories: News Flash
Date: Dec 04, 2024
U.S. LNG exports to Europe surged in November as the world’s largest producer of the superchilled ...
Baltic index falls for fifth straight day as larger vessel rates dip
Categories: News Flash
Date: Dec 04, 2024
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk c...
Flurry of new tonnage diverges LNG shipping rates from bullish cargo market
Categories: News Flash
Date: Dec 04, 2024
European LNG cargo prices are rising, contrasting sharply with falling shipping rates. This divergen...
LNG traders divert cargoes from Europe to Asia as eastern demand strengthens
Categories: News Flash
Date: Dec 04, 2024
Three liquefied natural gas (LNG) cargoes on course for Europe have been diverted to Asia to meet st...
Yangzijiang Shipbuilding secures shipbuilding contracts worth US$2.63 billion
Categories: News Flash
Date: Dec 03, 2024
Yangzijiang Shipbuilding has secured shipbuilding contracts for 21 vessels, with a total contract va...
Switch2 partners with CorPower Ocean on groundbreaking ‘wave powered’ green ammonia project
Categories: News Flash
Date: Dec 03, 2024
SwitcH2 is partnering with CorPower Ocean to deliver a unique industrial scale floating green ammoni...
Floating LNG import terminals pose cost and climate challenges for Asian markets
Categories: News Flash
Date: Dec 03, 2024
In the coming decades, South and Southeast Asia are widely expected to drive global demand for lique...
Global shipping costs to remain high amid tariff threats, Red Sea challenges
Categories: News Flash
Date: Dec 03, 2024
Global shipping costs are expected to remain high next year, with freight rates likely to continue r...
Asia Fuel Oil-Spot premiums dip as offers soften, trade largely quiet
Categories: News Flash
Date: Dec 03, 2024
Spot premiums for fuel oil eased in Asia on Monday, with offers retreating from the previous session...
UECC and Titan agree landmark biomethane deal
Categories: News Flash
Date: Dec 03, 2024
United European Car Carriers (UECC) and Titan Clean Fuels (Titan) have signed a new agreement that w...
Saudi Arabia boosts crude oil share in Asia at Russia’s expense
Categories: News Flash
Date: Dec 03, 2024
Saudi Arabia clawed back market share of Asia’s crude oil imports in November, while Russia surren...
Rapid forensic analysis of FAME-based biofuels: Potential use of its fingerprint as a fraud detection tool
Categories: News Flash
Date: Dec 03, 2024
In recent years, the shipping sector has increasingly turned to liquid biofuels, particularly those ...
Global Shippers Adopt ‘Wait And See’ Approach As Trump Tariff Threats Loom
Categories: News Flash
Date: Dec 03, 2024
There has been a surprisingly measured response from international shippers facing potential new tar...
Baltic index hits over 1-year low on weaker rates across vessels
Categories: News Flash
Date: Dec 03, 2024
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk c...
Japan buys LPG ahead of winter; South Korea, China resell cargoes
Categories: News Flash
Date: Dec 02, 2024
Japanese buyers have been purchasing LPG for December delivery at prices ranging from discounts of a...
Rotterdam-Singapore Green and Digital Shipping Corridor (GDSC) conducts end-to-end sustainability certification pilot for liquefied bio-methane bunkering
Categories: News Flash
Date: Dec 02, 2024
The Rotterdam-Singapore Green and Digital Shipping Corridor (GDSC) partners have conducted a success...
Shipping industry booms amid China export rush, faces post-tariff woes
Categories: News Flash
Date: Dec 02, 2024
Container shipping rates from Asia to India have doubled over the past month, with spot rates for sh...
Peninsula focuses on LNG, biofuels in marine energy transition by 2030
Categories: News Flash
Date: Dec 02, 2024
Peninsula plans to ramp up supplies of LNG and biofuels to shipping companies this decade before off...
Nordic American Tankers Ltd: Prospects for our Suezmax tankers are good
Categories: News Flash
Date: Dec 02, 2024
The international profile of NAT is reflected in the fact that during the last five years our ships ...
Unlocking investment opportunities in ship recycling
Categories: News Flash
Date: Dec 02, 2024
Ship recycling countries are seeking stronger investments, as demands on the industry are expected t...
Globus Maritime Limited Expects Older Vessels to Lose Their Competitiveness
Categories: News Flash
Date: Dec 02, 2024
Globus Maritime Limited, a dry bulk shipping company, reported its unaudited consolidated financial ...
Tankers: VLCC Market Takes a Hit
Categories: News Flash
Date: Dec 02, 2024
Clean LR2 LR’s in the MEG saw a welcome uptick in activity and freight levels this week. Alt...
Panama launches expedited cancellation of six vessels on UK Sanctions List
Categories: News Flash
Date: Dec 02, 2024
The Panama Maritime Authority (PMA) has initiated the expedited cancellation of six Panamanian-flagg...
No improvements in real-world containership efficiency despite investments in greener ships
Categories: News Flash
Date: Dec 02, 2024
Europe’s container ships pollute as much per container as they did six years ago, new EU shipping ...