News Flash
Crude shipping revs up; supertanker rates top $100,000 a day
Categories: News Flash
Date: Mar 13, 2023
Spot rates for very large crude carriers (VLCCs) — tankers that carry 2 million barrels of oil ...
Oil and gas contractors to strike over pay
Categories: News Flash
Date: Mar 13, 2023
Oil and gas contractors on a series of North Sea platforms have voted to take strike action. Uni...
Tankers: VLCC Market Receives Strong Boost
Categories: News Flash
Date: Mar 13, 2023
Clean The Middle East Gulf has been active this week with rates improving on all sizes. TC1 (75k...
Carbon emissions from Indian marine sector lower than global average
Categories: News Flash
Date: Mar 13, 2023
The carbon emissions from the Indian marine fisheries sector is much lower than the global level, a...
Ukraine, Romania agree to check depths of Danube canals
Categories: News Flash
Date: Mar 13, 2023
Ukraine and Romania have agreed to check the depth of canals off the Danube river which Kyiv uses t...
DNV awards AiP for a floating ammonia production unit developed by SWITCH2 and BW Offshore
Categories: News Flash
Date: Mar 11, 2023
An industrial scale concept for a floating production unit to produce green ammonia has secured App...
Russia complains of unfulfilled pledges on Ukraine grain deal as renewal date looms
Categories: News Flash
Date: Mar 11, 2023
Russia’s foreign minister Sergey Lavrov March 9 repeated his country’s grievances with the agre...
VLSFO margin posts weekly gain despite ample prompt supplies
Categories: News Flash
Date: Mar 11, 2023
Refining margins for very low sulphur fuel oil (VLSFO) in Asia posted a mild weekly gain despite he...
Implied obligation to re-inspect without delay
Categories: News Flash
Date: Mar 11, 2023
In the Pan Ocean Co Ltd v. Daelim Corporation (DL Lilac) [2023] EWHC 391 (Comm) charterparty disput...
Demand for greener supply chain boosts PCTC newbuild market in China
Categories: News Flash
Date: Mar 11, 2023
Data from Clarkson shows this niche area is outperforming the rest of the shipping market, with 38 ...
Baltic index gains for third week on stronger capsizes
Categories: News Flash
Date: Mar 11, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Brazil’s Iron Ore Exports Down During 2022
Categories: News Flash
Date: Mar 11, 2023
Demand for iron ore declined during 2022, bringing export volumes down in most major markets, Braz...
IMCA launches approval process for ROV introductory training courses
Categories: News Flash
Date: Mar 10, 2023
Following an increase in false certificates in circulation claiming to offer International Marine C...
P&O ferries one year on: time for government to work with unions, not attack them
Categories: News Flash
Date: Mar 10, 2023
Nautilus International, the union for maritime professionals, has called on government to work with...
NYK Recognized as a Certified Health and Productivity Management Organization for Seventh Consecutive Year
Categories: News Flash
Date: Mar 10, 2023
For a seventh consecutive year, NYK has been recognized in the large enterprise category of the Cer...
Hempel joins IMO public-private partnership to help prevent biofouling on ships’ hulls
Categories: News Flash
Date: Mar 10, 2023
Hempel joins the International Maritime Organization (IMO’s) Global Industry Alliance (GIA) for M...
“Coexistence is essential” as DNV report shows demand for ocean space will grow 5-fold by 2050
Categories: News Flash
Date: Mar 10, 2023
The collaboration between ocean industries will need to intensify for the rapid buildout of offshor...
NYK and FueLNG Achieve First LNG Bunkering of PCTC in Singapore
Categories: News Flash
Date: Mar 10, 2023
Nippon Yusen Kabushiki Kaisha (NYK), a leading Japanese shipping company, and FueLNG, a joint ventu...
FBX Index Fell 12% During February, Lowest Since August 2020
Categories: News Flash
Date: Mar 10, 2023
The Freightos Baltic Global index fell 12% to $1,946/FEU in February to a level last seen in August...
Record soybean harvest predicted despite Brazilian export decline of 31%
Categories: News Flash
Date: Mar 10, 2023
“Brazil’s soybean harvest is behind schedule due to heavy rain with exports down 31% y/y in the...
Baltic index climbs to 11-week high, led by capesizes
Categories: News Flash
Date: Mar 10, 2023
The Baltic Exchange’s main sea freight index rose to an 11-week high on Thursday as rates across ...
Tankers: Russian Oil Is Replacing Iranian Oil’s Imports from China
Categories: News Flash
Date: Mar 10, 2023
China’s imports of Russian oil have been steadily growing, replacing Iranian crudes. In its lates...
MOL and VALE agree to install Two Norsepower Rotor SailsTM to an in-service Capesize Bulk Carrier
Categories: News Flash
Date: Mar 09, 2023
Mitsui O.S.K. Lines, Ltd. and Vale International SA have announced a partnership to retrofit a 200,...
Wärtsilä to deliver its first CCS-Ready scrubber systems
Categories: News Flash
Date: Mar 09, 2023
Wärtsilä receives first CCS-Ready scrubber order, further propelling maritime decarbonisation. ...
Shipowners urged to enhance data transparency for better IMO rules
Categories: News Flash
Date: Mar 09, 2023
Shipowners need to provide more operational data so that the International Maritime Organization ca...
The Seafarers’ Charity calls for increased support for the safety and welfare of women seafarers
Categories: News Flash
Date: Mar 09, 2023
Anew research report released on International Women’s Day shines a spotlight on the welfare need...
IMO Sub-Committee on Ships Systems and Equipment (SSE 9)
Categories: News Flash
Date: Mar 09, 2023
The 9th session of the IMO’s Sub-Committee on Ship Systems and Equipment (SSE 9) was held from 27...
Capesize, panamax gains propel Baltic index to 14th straight rise
Categories: News Flash
Date: Mar 09, 2023
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk comm...
Performance Shipping Inc. Signs Shipbuilding Contract For The Purchase Of A Newbuild LNG Ready Tier III LR2 Product/ Crude Oil Tanker With Scrubber
Categories: News Flash
Date: Mar 09, 2023
Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessel...
Bright future seen ahead for Sino-Greek shipping cooperation
Categories: News Flash
Date: Mar 09, 2023
A bright future lies ahead for Sino-Greek cooperation in shipping, Chinese and Greek speakers told ...
AP Moller-Maersk integrates Africa, West and Central Asia into Indian subcontinent region
Categories: News Flash
Date: Mar 09, 2023
Logistics and shipping services company, AP Moller-Maersk (Maersk), has announced the integration o...
China’s Fuzhou Port sees first export of Europe-bound NEVs
Categories: News Flash
Date: Mar 09, 2023
A total of 2,011 vehicles on board a roll-on-roll-off ship left Jiangyin terminal in east China’s...