Wärtsilä Gas Solutions, part of technology group Wärtsilä has been contracted to supply the cargo handling and fuel gas supply systems for three new 98k Very Large Ethane Gas Carrier (VLEC) vessels. The ships are being built at the HD Hyundai Heavy Industries (HHI)...

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Australia’s BHP Group is planning to receive its first ammonia-fuelled bulk carrier in 2026 as part of the company’s plans to cut shipping emissions, a senior executive said. The global mining giant has shortlisted eight companies for the building, operation and fuel...

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Freight rates for the West African dirty tanker segment have declined significantly over the past week, with sources pointing to lower levels of cargo demand, a build-up of free-of-cargo vessels and a cooldown in the US Gulf market. Platts, part of S&P Global...

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The Baltic Exchange’s dry bulk sea freight index slipped on Monday as lower capesize rates offset gains in smaller vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by 37 points, or 1.9%, to 1,882...

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Global shipping freight, insurance, and crew wages will likely increase significantly in the near term after Israel launched a retaliatory missile attack on Iranian soil but ongoing loadings are likely to carry on as usual, market participants said April 19. “From the...

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As we mark one year since the enforcement of the Carbon Intensity Indicator (CII) regulation, the maritime industry is reflecting on the impacts and challenges of this important step towards decarbonization. The CII is a measure of a ship’s energy efficiency and has...

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