News Flash
Mongolian coal haul to China surges in mid-Oct; coal stocks rise
The daily coal haul by Mongolian trucks to China rebounded in mid-October after heavy rain disrupted logistics in early September,...
Read More
Iron ore gains on firm near-term demand, more China rate cuts
Iron ore futures rose on Monday as near-term demand remained firm and the latest rate cut in top consumer China...
Read More
Indian Register of Shipping and SeaTech sign MOU for International Collaboration on Green Tug Design and Sustainable Initiatives
Indian Register of Shipping (IRS), a globally recognized classification society, is proud to announce the signing of a Memorandum of...
Read More
ClassNK awards notation for safe transportation of EVs to “K” LINE’s car carrier ‘TEXAS HIGHWAY’
ClassNK granted its ‘AFVC (Additional Fire-Fighting measures for Vehicle Carrier)’ notations to ‘TEXAS HIGHWAY’, a car carrier operated by “K”...
Read More
BW LNG secures e-procurement deal with Procureship for global LNG fleet
Procureship, provider of the world’s leading digital e-procurement platform, has signed a deal with Norwegian shipowner and operator BW LNG...
Read More
South Korean shipbuilder Hanwha Ocean joins GCMD as Strategic Partner
The Global Centre for Maritime Decarbonisation (GCMD) and Hanwha Ocean today announced a five-year strategic partnership to advance maritime decarbonisation...
Read More
China’s surplus crude oil hits nearly 1 million bpd for September
The weak position of China’s crude oil sector was underlined by September data showing a sixth consecutive monthly drop in...
Read More
ABS Delivers Comprehensive Ammonia Dispersion Safety Evaluation to Hanwha Ocean
ABS has completed an industry-leading safety evaluation of ammonia dispersion on board an ammonia-fueled gas turbine LNG carrier design from...
Read More
Asia Fuel Oil-Spot premiums post mild gains after Nov bids inch up
Spot premiums for fuel oil climbed on Monday after bids for November cargoes inched higher. Singapore 380-cst high sulphur cash...
Read More
Baltic index slips on weaker rates across bigger vessels
The Baltic Exchange’s main sea freight index dipped on Monday to its lowest level in over eight months, dragged down...
Read More
Tanker Returns Brings in More Investment in Newbuildings
An increase in returns has lured more ship owners into investing in the tanker sector, through newbuilding contracting. In its...
Read More
Port of Long Beach Sees Strongest September on Record
Demand for holiday-related goods nudged the Port of Long Beach to its most active September and busiest quarter on record...
Read More
Port of Los Angeles freight rail delays reach two-year high, with holiday and everyday items piling up
Record imports over the last several months at West Coast ports, driven by the recent East Coast and Gulf Coast...
Read More
Peru’s Chinese-built mega port to soft launch in late November with Shanghai route
Peru’s massive Chancay port, which authorities hope will become a major shipping hub for South America-Asia trade, willship two container...
Read More
Iran exports first crude cargo outside the Persian Gulf as Israeli retaliation looms
Iran exported its first-ever crude cargo outside the Persian Gulf, according to satellite images and local reports, marking a small...
Read More
Panama Strengthens Strategic Alliances With The Maritime Sector
As a global leader in ship registration and maritime services, Panama continues to build strategic partnerships with member states of...
Read More
S. Korea and China resume containership competition amid market shifts
Hanwha Ocean, one of South Korea’s leading shipbuilders, announced on Oct 10. that it has secured a contract to build...
Read More
Global container freight rate index from the 12th January 2023 to the 10th October 2024
Container freight rates oscillated dramatically between January 2023 and October 2024. Freight rates slumped to their lowest level on the...
Read More
Pacific Basin: Dry Bulk Market Outlook Is Optimistic
During the third quarter of 2024, there was a year-on-year increase in global dry bulk loading volumes driven by increased...
Read More
Growing obscurity: LNG shadow fleet expected to expand as sanctions evasion continues
The LNG shadow fleet to move blacklisted Russian LNG is expected to expand amid growing clandestine activities, such as the...
Read More