News Flash
Asian spot LNG prices dip amid tepid demand
Categories: News Flash
Date: Mar 17, 2025
Asian spot liquefied natural gas (LNG) prices slipped this week to a three-month low, as tepid deman...
Barclays cuts 2025 Brent oil price forecast on soft demand view
Categories: News Flash
Date: Mar 17, 2025
Barclays lowered its 2025 Brent oil price forecast by $9 per barrel to $74 per barrel, citing a soft...
Cyprus: ‘Challenging’ year ahead for shipping, says president
Categories: News Flash
Date: Mar 17, 2025
The year 2025 is expected to be another challenging year for international shipping, which should re...
MOL, Namura Shipbuilding, Mitsubishi Shipbuilding Acquire AiP for Large Ammonia-powered Ammonia Carrier- Major Step toward Enhanced Ammonia Transport Capacity
Categories: News Flash
Date: Mar 17, 2025
Mitsui O.S.K. Lines, Ltd. announced that a large-size ammonia-powered ammonia carrier, under joint d...
Charting the uncharted: The (un)intended consequences of oil sanctions and dark shipping
Categories: News Flash
Date: Mar 17, 2025
Despite formal restrictions, untracked oil continues to reach global markets, calling into question ...
Russian diesel continues to flow to Syria on US-sanctioned tankers, data shows
Categories: News Flash
Date: Mar 17, 2025
A second tanker under U.S. sanctions is moored near the Syrian port of Banias and may deliver a dies...
Tankers: VLCCs Slightly Higher Last Week
Categories: News Flash
Date: Mar 17, 2025
Clean LR2 MEG LR2’s have been in notable demand this week, as a result freight levels have s...
Americas Aframax demand could take a hit amid non-renewal of Venezuelan sanctions waiver
Categories: News Flash
Date: Mar 17, 2025
The US Department of the Treasury recently announced that Chevron’s sanctions waiver was not renew...
CK Hutchison falls on report China rebukes co’s ports deal
Categories: News Flash
Date: Mar 15, 2025
Shares of CK Hutchison 1 fall as much as 6.7% to HK$46.10, their lowest since March 5, as China rebu...
Tanker Market on the Rise During February
Categories: News Flash
Date: Mar 15, 2025
The tanker market rose during the month of February, OPEC said in its latest monthly report. Dirty s...
Kongsberg Maritime wins design and equipment contract for Olympic Group’s two subsea construction vessels
Categories: News Flash
Date: Mar 15, 2025
Kongsberg Maritime has signed a significant contract for the design of two multipurpose subsea vesse...
PetroChina International signs long-term LPG deal with Phillips 66
Categories: News Flash
Date: Mar 15, 2025
PetroChina International, a subsidiary of state-owned energy company PetroChina, signed a long-term ...
Approval in Principle (AiP) for the Basic Design of a Large Ammonia-Fueled Ammonia Carrier Obtained from Classification Society
Categories: News Flash
Date: Mar 15, 2025
Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has jointly de...
‘Wild Card’ Carbon Levy Uncertainty Leaves Shipowners Cautious and Concerned Says ABS Chairman and CEO
Categories: News Flash
Date: Mar 15, 2025
Uncertainty about the scale and nature of the IMO’s proposed carbon levy is holding back investmen...
Shipping and alternative fuels producers await IMO Regulations on GHG Emissions Framework
Categories: News Flash
Date: Mar 15, 2025
Any regulatory developments focussed on reducing GHG emissions from shipping would increase global d...
DOE order removes certain restrictions on LNG bunkering
Categories: News Flash
Date: Mar 15, 2025
On February 25, 2025, the Department of Energy (DOE) issued an Order Granting Request for Rehearing ...
Pyxis Tankers Expects Stable Demand But, Growing Vessel Supply Could Pose a Challenge
Categories: News Flash
Date: Mar 15, 2025
Pyxis Tankers Inc., an international shipping company, today announced unaudited results for the thr...
Singapore marine fuel sales slip to lowest in 20 months
Categories: News Flash
Date: Mar 15, 2025
Singapore marine fuel sales fell to their lowest in 20 months in February, official data showed on F...
Ukraine bets on US LNG as gas import needs rise
Categories: News Flash
Date: Mar 13, 2025
Ukraine may import large volumes of U.S. gas this year via terminals in Germany, Greece, Lithuania a...
Global companies eye more US investment as Trump touts energy dominance
Categories: News Flash
Date: Mar 13, 2025
Market upheaval from U.S. President Donald Trump’s protectionist trade policies has not dampened f...
Oil, commodities optimistic on Russia-Ukraine peace deal, says Jim Rogers
Categories: News Flash
Date: Mar 13, 2025
The Donald Trump-led US government is likely to succeed in brokering a peace deal between Russia and...
Russian oil supplies to India recover in March, sources say
Categories: News Flash
Date: Mar 13, 2025
India’s Russian oil imports recovered in March, returning to near usual levels after a 3-month dec...
Port Of Tanjung Pelepas Welcomes Hapag-Llyod’s Damietta Maiden Call
Categories: News Flash
Date: Mar 13, 2025
Port of Tanjung Pelepas (PTP), a joint venture between MMC Group and APM Terminals, welcomed the mai...
CoolCo to extend its digitalisation program with Kongsberg Digital on its Fleet of LNG Carriers
Categories: News Flash
Date: Mar 13, 2025
Kongsberg Digital has signed an agreement with Cool Company Ltd. (CoolCo) to extend the deployment o...
IMO: Statement on the loss of seafarers in the attack on a merchant ship in Odesa
Categories: News Flash
Date: Mar 13, 2025
Secretary-General of the International Maritime Organization, Mr. Arsenio Dominguez, has issued a st...
UK ship crash captain is Russian national, owner says
Categories: News Flash
Date: Mar 13, 2025
The captain of a ship that hit a U.S. tanker off northeast England is a Russian national, the compan...
Yemeni Armed Forces ban all Israeli ships from passing via Red Sea, Bab al-Mandab Strait
Categories: News Flash
Date: Mar 13, 2025
All Israeli ships are now banned from passing through the Red Sea, Bab al-Mandab Strait, the Gulf of...
Trump is targeting China-made containerships in new flank of global economic war on the oceans
Categories: News Flash
Date: Mar 13, 2025
U.S. government pushback against China’s growing dominance in the shipbuilding industry that began...
Samsung Heavy eyes $5.5 bn FLNG ship deals as Trump sanctions China
Categories: News Flash
Date: Mar 12, 2025
At a huge shipyard operated by Samsung Heavy Industries Co. on Geoje, an island in South Gyeongsang ...
AYK Energy strikes landmark deal with Turkish yard to supply the world’s first battery-methanol tug
Categories: News Flash
Date: Mar 12, 2025
Marine battery maker AYK Energy has been commissioned to manufacture and supply the 6MWh battery tha...
Danelec Expands High-Frequency Data Installed-Base with 15,000 Ships Now Connected
Categories: News Flash
Date: Mar 12, 2025
Danelec, a global leader in maritime data solutions, reports that its high-frequency data (HFD) coll...
Verde Marine Energy BV Expands operations with VLSFO Fuel Oil Supplies
Categories: News Flash
Date: Mar 12, 2025
Verde Marine Energy BV is proud to announce the commencement of its Very Low Sulphur Fuel Oil (VLSFO...