News Flash
For ILWU, West Coast port deal to be union-ratified, here’s what has to happen next
Categories: News Flash
Date: Jun 19, 2023
West Coast port management and the labor union representing port workers reached a tentative deal l...
CargoShare Looking to transform the Chartering Procedure
Categories: News Flash
Date: Jun 19, 2023
CargoShare is a software solution that aims to bring innovation to the maritime industry by transfo...
Asian spot LNG prices rise to a 3-month high tracking European prices.
Categories: News Flash
Date: Jun 19, 2023
Asian spot liquefied natural gas (LNG) prices reversed their multi-week downward trend and rose to ...
Asia-US container rates pull back; USWC ports, dockworkers agree to a new deal
Categories: News Flash
Date: Jun 19, 2023
Shipping container rates from East Asia and China to the US pulled back after surging last week, We...
Hundreds Feared Dead in Migrant Boat Sinking Off Greece
Categories: News Flash
Date: Jun 16, 2023
About 104 people have been rescued, 78 have been confirmed dead and hundreds more are missing after...
LNG Will Be the Most Affordable Compliance Option for EU GHG Rules
Categories: News Flash
Date: Jun 16, 2023
LNG has its critics in environmental circles, but its fiscal attractiveness is clear, according to ...
Mitsui O.S.K. Lines, Ltd. (MOL) makes strategic investment in Ascension Clean Energy Leading global shipping company’s latest shareholder in the planned Louisiana clean hydrogen-ammonia production facility
Categories: News Flash
Date: Jun 16, 2023
MOL Clean Energy, US, LLC (“MCE”), a 100% subsidiary of Mitsui O.S.K. Lines, Ltd. (MOL), and Cl...
People, Technology, Sustainability, and Partnership at the heart of the Columbia Group launch
Categories: News Flash
Date: Jun 16, 2023
The launch of the Columbia Group is an exciting milestone in its journey to create a stronger, more...
Tentative US West Coast port contract deal reached, union and Employers say
Categories: News Flash
Date: Jun 16, 2023
The Longshore union and employers of 22,000 dockworkers at U.S. West Coast ports on Wednesday said ...
VLSFO firms despite the recent Al Zour tender
Categories: News Flash
Date: Jun 16, 2023
Asia’s very-low sulfur fuel oil (VLSFO) market strengthened on Thursday, despite a term tender is...
Baltic index extends gains on stronger vessel rates
Categories: News Flash
Date: Jun 16, 2023
The Baltic Exchange’s main sea freight index rose for a tenth straight session on Thursday, suppo...
Bangladesh seeks 9 LNG cargoes for the second half of the year – official
Categories: News Flash
Date: Jun 16, 2023
Bangladesh plans to buy nine cargoes of liquefied natural gas (LNG) from the spot market for the se...
Supertanker freight rates jump as Mideast crude exports to Asia rise
Categories: News Flash
Date: Jun 16, 2023
The costs of chartering supertankers to move crude oil from the Middle East to Asia have jumped to ...
Safer pilot transfers are still needed according to The BMA
Categories: News Flash
Date: Jun 16, 2023
Despite the success of the Concentrated Inspection Campaign (CIC) for pilot transfer arrangements i...
Vela unveils its unique sailing cargo trimaran: an innovative ship for 100% wind powered transportation
Categories: News Flash
Date: Jun 15, 2023
VELA, committed to the decarbonization of the maritime freight industry, has proudly unveiled t...
Port of Long Beach Sees Progress in May
Categories: News Flash
Date: Jun 15, 2023
The Port of Long Beach in May reached its strongest month so far in 2023, raising mid-year hopes of...
Growth in global oil demand is set to slow significantly by 2028
Categories: News Flash
Date: Jun 15, 2023
Growth in the world’s demand for oil is set to slow almost to a halt in the coming years, with th...
Black Sea Grain Initiative exports up 65% since last week, but few ships are entering ports
Categories: News Flash
Date: Jun 15, 2023
Last week, between 5 and 11 June, the volume of agricultural products exported via the Black Sea Gr...
Kalmar introduces Electric Straddle Carrier Charge Family, further expanding its eco-efficient portfolio of fully electric equipment
Categories: News Flash
Date: Jun 15, 2023
Kalmar, part of Cargotec, has announced the launch of the Electric Straddle Carrier Charge Family, ...
Hyundai Vietnam Shipbuilding wins order for 2 oil and chemical tankers
Categories: News Flash
Date: Jun 15, 2023
Hyundai Vietnam Shipbuilding Co., a unit of South Korean shipbuilding, oil refining and machinery c...
MOL and JERA Signs Long-Term Charter Deal for Newbuilding LNG Carrier
Categories: News Flash
Date: Jun 15, 2023
Mitsui O.S.K. Lines, Ltd. announced the signing of a long-term charter contract for a newbuilding L...
Korean Shipbuilders Likely to Receive Reflective Benefits from Cross-strait Conflict
Categories: News Flash
Date: Jun 15, 2023
A cross-strait conflict between Taiwan and China is creating new opportunities for the Korean shipb...
Confusion reigns as labor dispute ‘fog’ blankets West Coast ports
Categories: News Flash
Date: Jun 15, 2023
There’s the fog of war and there’s the fog of West Coast port labor disruptions. More than a...
Baltic index hits two-week high on smaller vessels demand
Categories: News Flash
Date: Jun 15, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
China cuts short-term borrowing costs to support recovery
Categories: News Flash
Date: Jun 14, 2023
China’s central bank lowered a short-term lending rate for the first time in 10 months on Tuesday...
Survitec Expands UK Servicing Capability With New Service Centre At Port Of Southampton
Categories: News Flash
Date: Jun 14, 2023
Global Survival Technology solutions provider Survitec has completed a major expansion of its UK se...
Kalmar launches world’s most sustainable reachstacker made using emission-free steel
Categories: News Flash
Date: Jun 14, 2023
Kalmar, part of Cargotec, has today announced the introduction of a range of new sustainability opt...
World Fuel Services to begin bunkering operations in Jamaica with Scott Petroleum
Categories: News Flash
Date: Jun 14, 2023
The creation of a physical supply network for bunker fuel supply in Jamaica, a major bunkering hub ...
Thordon Tailshaft Package Selected After Competitor Solution Wears Nirsa Down
Categories: News Flash
Date: Jun 14, 2023
Ecuador’s foremost tuna fishing operator NIRSA has completed a project to convert the tailshaft s...
WinGD enhances fuel-flexible efficiency with Variable Compression Ratio
Categories: News Flash
Date: Jun 14, 2023
Swiss marine power company WinGD has introduced a core engine technology that for the first time el...
Marine environment at risk due to ship emissions
Categories: News Flash
Date: Jun 14, 2023
The combined emissions of metals and other environmentally hazardous substances from ships is putti...
Maersk secures green methanol for maiden voyage of the world’s first methanol-enabled container vessel
Categories: News Flash
Date: Jun 14, 2023
A.P. Moller – Maersk (Maersk) has successfully secured green methanol for the maiden voyage of th...