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Asia Fuel Oil-Hi-5 spread crunches to narrowest in five months

Asia’s hi-5 fuel oil spread crunched to its most narrow in five months as the very low sulphur fuel oil (VLSFO) market softened, while high sulphur fuel oil (HSFO) retained strength. December hi-5, which is the premium of VLSFO over HSFO, narrowed to about $94 a...
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Worldscale Adopts ICE’s Benchmark EUA Carbon Pricing for its Tanker Freight Rates

Intercontinental Exchange, Inc., a leading global provider of technology and data, today announced that Worldscale Association Ltd (Worldscale), a leading provider of tanker freight rate references, has chosen ICE’s European Carbon Allowance (EUA) futures settlement...
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Baltic index slips to near three-week low as larger vessel rates dip

Baltic index slips to near three-week low as larger vessel rates dip
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to a near three-week low on Wednesday, pulled down by weaker capesize and panamax vessel rates. The index, which factors in rates for capesize, panamax...
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bound4blue welcomes Daniel Mann to drive ‘new era’ of eSAIL® growth

bound4blue welcomes Daniel Mann to drive ‘new era’ of eSAIL® growth
bound4blue is seeking to further consolidate its leading position in maritime’s rapidly evolving Wind Assisted Propulsion Systems (WAPS) segment with the appointment of Daniel Mann as Chief Commercial Officer (CCO). Mann joins the team after four years as VP Business...
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Seabed 2030 announces new partnership with Woolpert to advance global seafloor mapping

Seabed 2030 announces new partnership with Woolpert to advance global seafloor mapping
The Nippon Foundation-GEBCO Seabed 2030 Project is pleased to announce a new partnership with Woolpert, a leading architecture, engineering, geospatial, and strategic consulting firm. The announcement was made during Seabed 2030’s recent Pacific Ocean mapping meeting...
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Sallaum Lines Opens Doors to Chinese OEMs Amid Major Investments

Sallaum Lines Opens Doors to Chinese OEMs Amid Major Investments
Imbalanced trades, capacity constraints at sea and in port, and lack of labor have put Europe’s best-performing finished vehicle handling ports and shipping companies to the test, as has a new wave of vehicle imports from China and its OEMs. To align with the evolving...
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