Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2020 they are up 53%. During the same period, the order book has grown by 72%, reaching its highest level since early 2012 and is...

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BERG Propulsion has won a contract covering the hybrid propulsion solution that ensure three wind-assisted Louis Dreyfus Armateurs (LDA) Ro-Ro vessels will maximize efficiency regardless of their mode of operation. Following delivery by China’s Wuchang Shipbuilding...

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Asia’s High Sulphur Fuel Oil (HSFO) firmed slightly this week, while benchmarks for Very Low Sulphur Fuel Oil (VLSFO) remained capped as of Wednesday amid ample supplies in the region. Intermonth backwardation spreads for HSFO widened for both 180-cst and 380-cst...

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Tree Energy Solutions (TES), a global green energy company leading the way in the production of e-NG (electric, natural gas derived from green hydrogen), and Kawasaki Kisen Kaisha, Ltd. (“K” LINE), a prominent Japanese logistics company renowned for its diverse fleet,...

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Threat of strike action at US East and Gulf Coast ports may see importers accelerate efforts to protect ocean supply chains in a vicious circle of disruption in ocean freight container shipping. The International Longshoremen’s Association (ILA) announced on Monday...

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This week’s chart visualizes the 14-day moving average of actual port days for energy cargo at Far Eastern ports, comparing the Capesize, Panamax, and Supramax segments. There is a notable decreasing trend in the Capesize segment, with the number of days recently...

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