Dalian iron ore futures fell on Monday, amid persistent caution due to mounting port inventory and lingering property worry in top consumer China while the Singapore benchmark rebounded slightly on increased purchases. The most-traded May iron ore contract on China’s...

Read More

Oldendorff and Norsepower have announced an agreement to use Norsepower Rotor Sails™ to further reduce CO2 emissions on a modern bulk carrier. The vessel Dietrich Oldendorff (IMO 9860350) is to be outfitted with three 24m x 4m Norsepower Rotor Sails™ by mid-2024. It...

Read More

The industry needs to take action now to be ready for future crewing challenges and ensure quality seafarers are staying in their careers at sea, says manning agency Senator Crewing Manila. A BIMCO report revealed that there will be an additional 89,510 officers...

Read More

Switching to ammonia as a marine fuel, with the goal of decarbonisation, can instead create entirely new problems. This is shown in a study from Chalmers University of Technology in Sweden, where researchers carried out life cycle analyses for batteries and for three...

Read More

Asia cash premiums for very low sulphur fuel oil (VLSFO) cargo held stable as of Monday, while bunker premiums continued to extend gains in recent sessions. The benchmark Singapore market has received sustained strength as ongoing Red Sea tensions buoyed refuelling...

Read More

The Baltic Exchange’s dry bulk sea freight index rose to a one-week high on Monday, as gains in the capesize segment overshadowed declines in rates for smaller vessels. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was...

Read More