News Flash
Top Ships Inc. Announces Proposed Spin-Off Creating a New Suezmax Tanker Company
Categories: News Flash
Date: Jun 22, 2023
TOP Ships Inc., an international owner, and operator of modern, fuel-efficient “ECO” tanker ves...
UN chief calls for acceleration of Black Sea grain deal exports
Categories: News Flash
Date: Jun 22, 2023
United Nations Secretary-General Antonio Guterres called for an acceleration of Black Sea grain shi...
VLSFO eases for a second day, recent rally cools
Categories: News Flash
Date: Jun 22, 2023
Asia’s spot market for very-low sulphur fuel oil (VLSFO) softened for a second consecutive sessio...
Big 3 Korean Shipbuilders See Orders Worth 136 Trillion Won
Categories: News Flash
Date: Jun 22, 2023
HD Hyundai Heavy Industries, Samsung Heavy Industries, and Hanwha Ocean, three major Korean shipbui...
Transportation Recovery Fund joins Tankers International VLCC Pool as demand for diverse fleets continues
Categories: News Flash
Date: Jun 22, 2023
Tankers International, the world’s largest shipping pool for VLCCs, has announced today that Tran...
ExxonMobil and Evergreen Line have completed the delivery of marine biofuel oil in the port of Singapore
Categories: News Flash
Date: Jun 22, 2023
ExxonMobil successfully completed a commercial marine biofuel oil bunkering in the port of Singapor...
Panama Canal Further Restricts Drafts Due to Falling Water Levels
Categories: News Flash
Date: Jun 21, 2023
In an advisory to shipping the Panama Canal Authority (ACP) announced further restrictions for the ...
China Retrofits Bulker with First Domestically-Built Wind Rotor Sails
Categories: News Flash
Date: Jun 21, 2023
China State Shipbuilding (CSSC) is reporting that it completed the first installation of a domestic...
Benchmarks jump, Dubai supported by strong bids from majors
Categories: News Flash
Date: Jun 21, 2023
Middle East crude benchmarks Oman, Dubai and Murban jumped on Tuesday, gaining for a third straight...
Asia’s gasoline blenders keen to boost octane as reforming spread hits over 9-month high
Categories: News Flash
Date: Jun 21, 2023
The substantial expansion in the Singapore reforming spread, fueled by relatively high gasoline val...
AD Ports Group signs a 30-year Extendable Concession Agreement to Manage and Operate a Multipurpose Terminal in Congo’s Pointe Noire Port
Categories: News Flash
Date: Jun 21, 2023
AD Ports Group, the leading global facilitator of trade, logistics, and industry, today signed a 30...
DeepSea provides a free entry point for shipping companies to start exploring AI benchmarking tools as it unveils the results of the 2022-23 Shifts Challenge
Categories: News Flash
Date: Jun 21, 2023
DeepSea Technologies, the award-winning Al-led maritime technology company, and energy efficiency e...
Spot VLSFO rally pauses as more offers emerge
Categories: News Flash
Date: Jun 21, 2023
The recent rally in Asia’s very-low sulfur fuel oil (VLSFO) paused on Tuesday after more spot off...
China’s May coal imports from Australia recover to pre-ban levels
Categories: News Flash
Date: Jun 21, 2023
Australian coal sales to China increased in May, as trade resumed between them even as overall coal...
MSC building shipping fleet suitable for multi-fuel future
Categories: News Flash
Date: Jun 21, 2023
MSC Group is building a fleet capable of running on multiple types of marine fuels in the shipping ...
Baltic index gains on higher capesize rates
Categories: News Flash
Date: Jun 21, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Search Underway for Commercial Submarine Missing Near Titanic
Categories: News Flash
Date: Jun 20, 2023
The U.S. Coast Guard is confirming that a search and rescue mission has been launched for a private...
UN Adopts Landmark High Seas Conservation Treaty
Categories: News Flash
Date: Jun 20, 2023
After two decades of negotiation, the United Nations has finally adopted a marine biodiversity trea...
Gasoil cash premiums extend rally for the ninth session on high demand
Categories: News Flash
Date: Jun 20, 2023
Asia’s 10ppm sulfur gasoil spot cash premiums (GO10-SIN-DIF) firmed for a ninth consecutive sessi...
Should gas resource holders target LNG exports or blue ammonia?
Categories: News Flash
Date: Jun 20, 2023
As Europe moves away from Russian gas and Asia reduces its dependency on coal, demand and investmen...
Iron ore dragged down by falling steel prices
Categories: News Flash
Date: Jun 20, 2023
Dalian and Singapore iron ore futures fell on Monday after last week’s gains, weighed down by sof...
First tanker loads after restart of Equinor’s Hammerfest LNG plant
Categories: News Flash
Date: Jun 20, 2023
A liquefied natural gas (LNG) tanker loaded cargo from Equinor’s EQNR.OL Hammerfest LNG plant in ...
S.Korea’s shipyards get the OK from shipping companies to delay vessel delivery
Categories: News Flash
Date: Jun 20, 2023
South Korean shipbuilders are breathing a sigh of relief despite the postponed delivery of their co...
Momentum grows for Clean Energy Marine Hubs with Global Centre for Maritime Decarbonisation joining the initiative
Categories: News Flash
Date: Jun 20, 2023
Momentum for the Clean Energy Marine Hubs (CEM Hubs) continues to grow with the Global Centre for M...
The baltic index falls on lower capesize rates
Categories: News Flash
Date: Jun 20, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Sanctions stigma proves troubling for ship owners lightering Iranian crude off USGC
Categories: News Flash
Date: Jun 20, 2023
The Suez Rajan, carrying Iranian-grade crude oil, is currently at anchor off the US Gulf Coast afte...
Greenpeace Blockades Tanker Shipment of Wastewater From Norway
Categories: News Flash
Date: Jun 19, 2023
On Sunday, four activists from Greenpeace Nordic briefly delayed a tanker carrying wastewater from...
China, South Korea Reach Deal to Curb China's, Illegal-Fishing Fleet
Categories: News Flash
Date: Jun 19, 2023
China and South Korea have agreed to work together in curbing the longstanding problem of IUU (Ille...
Archaeologists Plan to Raise Ancient Hand-Sewn Vessel off Croatia
Categories: News Flash
Date: Jun 19, 2023
Marine archaeologists are preparing to raise a hand-sewn boat dating back over 3,200 years from the...
China’s port throughput boosted by foreign trade growth
Categories: News Flash
Date: Jun 19, 2023
hopped on an elevator to reach his workstation 50 meters above the ground and started the day of ...
UAE’s Fujairah marine fuel sales hit four-month highs in May
Categories: News Flash
Date: Jun 19, 2023
Sales of marine fuel, also known as bunker fuel, hit four-month highs in May at the UAE’s Fujaira...
Supertanker rate roller coaster: Surprise spike to $91,000 per day
Categories: News Flash
Date: Jun 19, 2023
The supertanker business has a reputation for being one of the most volatile freight markets in the...