Container shipping costs from Korea to Europe soared more than 70 percent last month amid escalating tensions in the Red Sea, data showed Thursday. The average shipping cost for a 40-foot container for the route surged 72 percent on month to come to 4.35 million won...

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Cash differentials for spot fuel oil were rangebound on Thursday, while latest data showed inventories at Singapore extended a drawdown for a second consecutive week. The high sulphur fuel oil (HSFO) market continued to hold in discounts amid ample supplies...

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The Baltic Exchange’s dry bulk sea freight index was little changed on Thursday, as gains in smaller vessel segments countered weaker capesize rates. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 1 point, or...

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BIMCO, together with Bangladesh, India, Norway, Pakistan and the ICS, has submitted a paper ahead of the 81st Marine Environment Protection Committee (MEPC) meeting on 18-22 March 2024. The paper highlights the need to solve possible conflicting requirements of the...

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PROSTEP has launched the new version 3.0 of its digital thread solution, OpenCLM, which can now be integrated into customers’ IT landscapes even more easily. The information in the connected IT systems can also be linked with each other with a greater degree of...

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In the third quarter of 2023, EU economy greenhouse gas emissions are estimated at 787 million tonnes of CO2-equivalents (CO2-eq), a -7.1% decrease compared with the same quarter of 2022 (847 million tonnes of CO2-eq). The EU’s gross domestic product (GDP) remained...

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