News Flash
Panama Canal Net Income Rose to $3.45 Billion Despite Drought
Categories: News Flash
Date: Oct 29, 2024
The Panama Canal’s profit increased about 9.5% in the fiscal year ended in September to $3.45 bill...
High freight rates strain global supply chains, threaten vulnerable economies
Categories: News Flash
Date: Oct 29, 2024
Global shipping costs surged in the first half of 2024, driven by unprecedented disruptions in major...
Asia-US container rates fall as carriers eye blank sailings to keep floor on prices
Categories: News Flash
Date: Oct 29, 2024
Rates for shipping containers from east Asia and China to the US fell this week, but carriers have a...
Carbon emissions in ocean container shipping hits record high
Categories: News Flash
Date: Oct 29, 2024
The ongoing impact of conflict in the Red Sea, spiraling freight rates and congestion across global ...
Call to action on FuelEU compliance
Categories: News Flash
Date: Oct 28, 2024
The EU’s FuelEU Maritime regulation, set to take effect in January 2025, looks set to further shak...
Stena RoRo takes delivery of RoPax vessel Saint-Malo with strong focus on sustainability
Categories: News Flash
Date: Oct 28, 2024
Stena RoRo last week took delivery of E-Flexer No. 11 – in a series of 15 vessels – from the Chi...
Asian spot LNG prices rise on supply concerns, geopolitical tensions
Categories: News Flash
Date: Oct 28, 2024
Asian spot liquefied natural gas (LNG) recorded its second weekly gain since the end of August, amid...
Oil exports from Russia’s western ports to fall 13% in Nov as refinery maintenance ends, sources say
Categories: News Flash
Date: Oct 28, 2024
Russia’s crude oil exports from its three main western ports will drop by 13% in November from the...
US East Coast, Gulf Coast port workers union to resume contract talks in November
Categories: News Flash
Date: Oct 28, 2024
The union representing 45,000 East Coast and Gulf Coast dockworkers and a group representing employe...
Latin America-Caribbean shipping struggles amid geopolitical and climate crises
Categories: News Flash
Date: Oct 28, 2024
UNCTAD’s Review of Maritime Transport 2024 reveals severe challenges facing the maritime sector in...
Asia-US container rates fall as carriers eye blank sailings to keep floor on prices
Categories: News Flash
Date: Oct 28, 2024
Rates for shipping containers from east Asia and China to the US fell this week, but carriers have a...
Maritime LEO Networks
Categories: News Flash
Date: Oct 28, 2024
Maritime communications came a long way before they could deliver the first Global Maritime Distress...
Carbon emissions in ocean container shipping hits record high
Categories: News Flash
Date: Oct 28, 2024
The ongoing impact of conflict in the Red Sea, spiraling freight rates and congestion across global ...
Winds of change: Giant cargo sailboats and propulsion technology are transforming the high seas
Categories: News Flash
Date: Oct 28, 2024
Serge Picard knew next to nothing about sailboats, beyond having mucked around in one at a summer ca...
Shipping is Entering the Fifth Industrial Revolution, Says ABS Chairman and CEO
Categories: News Flash
Date: Oct 26, 2024
“Maritime 5.0 will be defined by the ever-expanding capabilities of artificial intelligence, drivi...
Diana Shipping Inc. Announces Signing of a US$80.2 million Amended and Restated Loan Facility Agreement with Danish Ship Finance A/S to Refinance its Existing Term Loan Facility with the Bank
Categories: News Flash
Date: Oct 26, 2024
ATHENS, GREECE, October 21, 2024 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global ...
TEN Ltd. Receives Tanker Operator of the Year Award at the 2024 Tanker Shipping & Trade Awards
Categories: News Flash
Date: Oct 26, 2024
TEN Ltd.(“TEN”) (NYSE:TEN)(the “Company”), a leading diversified crude, product and LNG tank...
MHI-MME Licenses Manufacturing and Sale of MET Turbochargers to Leading Chinese Marine Machinery Manufacturer
Categories: News Flash
Date: Oct 26, 2024
Mitsubishi Heavy Industries Marine Machinery and Equipment Co., Ltd (MHI-MME), a part of Mitsubishi ...
TwinShip project aims to improve access to reliable data for aiding in shipping decarbonisation
Categories: News Flash
Date: Oct 26, 2024
A consortium, including technology group Wärtsilä, will develop a new system for the maritime indu...
Bureau Veritas calls for greater regulatory clarity on Wind Propulsion Technology following the release of new technology report
Categories: News Flash
Date: Oct 26, 2024
Bureau Veritas Marine & Offshore (BV), a global leader in testing, inspection, and certificati...
PSA unboXed Collaborates with Amperesand on Solid-state Transformer Technology Trials for Sustainable Electrification at Singapore’s Port
Categories: News Flash
Date: Oct 26, 2024
PSA unboXed, the external innovation and corporate venture capital arm of PSA International (PSA), a...
GEODIS Secures Supply Chain Innovator and Seafreight Partner of the Year at the Supply Chain Asia Awards 2024
Categories: News Flash
Date: Oct 26, 2024
GEODIS has been recognised at the 2024 Supply Chain Asia Awards for their outstanding achievements, ...
XPO Named One of America’s Most Reliable Companies for 2025 by Newsweek
Categories: News Flash
Date: Oct 26, 2024
XPO (NYSE: XPO), a leading provider of freight transportation in North America, has been named one ...
LR signs MoU with Robban Assafina to expand training in MEA region
Categories: News Flash
Date: Oct 26, 2024
Lloyd’s Register (LR) and Middle-Eastern maritime media and training provider Robban Assafina ha...
OOCL Signs Charter Agreements with Seaspan for Six New 13,000 TEU Container Vessels
Categories: News Flash
Date: Oct 25, 2024
Orient Overseas Container Lines (“OOCL”) entered into charter agreements on 22 October 2024 with...
Ahti Pool’s vessels under management reaches ~200 with Van Weelde Shipping Group’s LOI
Categories: News Flash
Date: Oct 25, 2024
The Van Weelde Shipping Group, owners of the dry cargo fleet managed by Orient Shipping Rotterdam (O...
“K” LINE to trial Inmarsat Maritime’s new bonded network service NexusWave on “K” LINE’s fleet
Categories: News Flash
Date: Oct 25, 2024
Kawasaki Kisen Kaisha, Ltd. (“K” LINE) and Inmarsat Maritime, a Viasat company, are pleased to a...
TwinShip project aims to improve access to reliable data for aiding in shipping decarbonization
Categories: News Flash
Date: Oct 25, 2024
A consortium, including technology group Wärtsilä, will develop a new system for the maritime indu...
Carbon Ridge Closes $9.5M Investment to Accelerate Decarbonization of the Maritime Shipping Industry
Categories: News Flash
Date: Oct 25, 2024
Carbon Ridge, Inc., a leading developer of modular onboard carbon capture & storage solutions fo...
Panama establishes legal framework to revoke registration and licenses of vessels on international sanctions lists
Categories: News Flash
Date: Oct 25, 2024
The Panama Maritime Authority (PMA) has introduced a legal mechanism enabling the immediate revocati...
Hapag-Lloyd raises its earnings outlook for the current financial year and publishes preliminary earnings figures for the first nine months of 2024
Categories: News Flash
Date: Oct 25, 2024
Based on preliminary and unaudited figures, Hapag-Lloyd AG achieved a Group EBITDA of approximately ...
Asia Fuel Oil-Benchmarks strengthen despite inventory builds
Categories: News Flash
Date: Oct 25, 2024
Fuel oil benchmarks climbed in Asia on Thursday, with spot cargo bids trending higher for November a...