News Flash
Baltic index snaps 3-day losing streak as supramax rates climb
Categories: News Flash
Date: Feb 14, 2025
The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transp...
MPC Capital expands maritime services business with energy efficiency and performance management solutions
Categories: News Flash
Date: Feb 13, 2025
The investment and asset manager MPC Capital has acquired a 50% stake in the performance management ...
Launch of ‘BLUE ACTION NET-ZERO ALLIANCE,’ Group-wide Carbon Inset Program for Ocean Transport- Accelerating Process toward Net Zero through Co-Creation with Stakeholders
Categories: News Flash
Date: Feb 13, 2025
Aiming to achieve net zero emissions, Mitsui O.S.K. Lines, Ltd. yesterday announced the launch of a ...
Russia’s January seaborne oil product exports down 3.3% y/y, Reuters calculations show
Categories: News Flash
Date: Feb 13, 2025
Russia’s seaborne oil product exports in January 2025 fell 3.3% on a yearly basis to 10.431 millio...
Asian buyers look to step up US LNG imports to fend off Trump tariffs
Categories: News Flash
Date: Feb 13, 2025
At least six Asian economies have expressed interest in buying liquefied natural gas (LNG) to narrow...
Diana Shipping Inc. Announces the Sale of a Post-Panamax Dry Bulk Vessel, the m/v Alcmene, and the Direct Continuation of Time Charter Contract for m/v San Francisco With SwissMarine
Categories: News Flash
Date: Feb 13, 2025
Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in...
Fuel Oil Cracks retreat while spot trade remains thin
Categories: News Flash
Date: Feb 13, 2025
Fuel oil cracks pared strength on Wednesday after a recent rally, while spot trade remained largely ...
Silicone-based hull coatings to deliver significant emissions reduction
Categories: News Flash
Date: Feb 13, 2025
New MERC publication highlights the growing importance of advanced hull coating systems to help redu...
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...