News Flash

Asia Fuel Oil Differentials steady in thin pre-Diwali holiday trade

Asia Fuel Oil Differentials steady in thin pre-Diwali holiday trade

Spot differentials for fuel oil markets were little changed on Friday in Asia as pre-Diwali holiday trade was thin, while...
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International Chamber of Shipping disappointed that Member States have not been able to agree

International Chamber of Shipping disappointed that Member States have not been able to agree

The International Chamber of Shipping (ICS) comments following the conclusion of the International Maritime Organization’s (IMO) Extraordinary Session of Marine...
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WEST OF SUEZ DIRTY TANKER QUARTERLY: Production increases lend support to larger ship sizes

WEST OF SUEZ DIRTY TANKER QUARTERLY: Production increases lend support to larger ship sizes

The West of Suez Very Large Crude Carrier market saw levels firm to multi-year highs toward the end of the...
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Baltic Index Logs Weekly Gain As All Vessel Segments Rise In Tandem

Baltic Index Logs Weekly Gain As All Vessel Segments Rise In Tandem

The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, rose on Friday...
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Global trade’s tightrope walk

Global trade’s tightrope walk

The world economy has successfully avoided the initial, catastrophic blow from the recent surge in trade protectionism, yet the long-term...
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Sweden’s National Hydrographer, Magnus Wallhagen, Nominated for Secretary-General of the International Hydrographic Organization (IHO)

Sweden’s National Hydrographer, Magnus Wallhagen, Nominated for Secretary-General of the International Hydrographic Organization (IHO)

Magnus Wallhagen, National Hydrographer of Sweden, has been nominated as a candidate for the position of Secretary-General of the International...
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LR: New guidance provides industry-first roadmap for nuclear-powered shipping

LR: New guidance provides industry-first roadmap for nuclear-powered shipping

The new guidance promotes nuclear power as a reliable maritime energy source, addressing the complex regulatory, safety and economic challenges...
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Asia Fuel Markets little changed; high inventories cap recovery

Asia Fuel Markets little changed; high inventories cap recovery

Asia fuel oil markets were broadly steady on Thursday, with high supply inventories capping recovery in benchmarks. Singapore’s very low...
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RINA Awarded FEED Contract for PETRONAS’ Flagship CCS Project in Malaysia

RINA Awarded FEED Contract for PETRONAS’ Flagship CCS Project in Malaysia

RINA, the global engineering consultancy, inspection and certification group, has been awarded the Front-End Engineering Design (“FEED”) contract by PETRONAS...
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High Wages Drive Fake CV Trend in Tanker Market

High Wages Drive Fake CV Trend in Tanker Market

A growing number of seafarers are falsifying their CVs to secure higher-paying jobs in the tanker market, as strong demand...
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Sanctioned tankers ship gas condensate from Russia`s Arctic LNG 2 to China, data shows

Sanctioned tankers ship gas condensate from Russia`s Arctic LNG 2 to China, data shows

Several tankers are delivering gas condensate cargoes from Russia’s Arctic LNG 2 plant to China, data from market sources and...
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WAF crude tanker rates climb on Chinese port fees, European demand

WAF crude tanker rates climb on Chinese port fees, European demand

Freight rates for dirty tanker voyages loading in West Africa have risen significantly in the second decade of October, amid...
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Great Eastern Shipping Company takes delivery of 2016 built Kamsarmax Dry Bulk Carrier ‘Jag Anjali’

Great Eastern Shipping Company takes delivery of 2016 built Kamsarmax Dry Bulk Carrier ‘Jag Anjali’

Great Eastern Shipping Company has taken delivery of a 2016 built Kamsarmax Dry Bulk Carrier Jag Anjali of about 81,922...
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Baltic Exchange Launches New Tanker Routes in Response to Tariff and Geopolitical Uncertainty

Baltic Exchange Launches New Tanker Routes in Response to Tariff and Geopolitical Uncertainty

Baltic Exchange has launched a series of new Aframax tanker benchmarks, TD28 and TD29, in response to shifting global trade...
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Ship Recycling Market’s Divergent Performance

Ship Recycling Market’s Divergent Performance

Ship recycling is exhibiting signs of divergence across the major markets. A leading cash buyer of ships, said that “the...
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World’s First Environmental Value Created through Operation of NYK Ammonia-fueled Tugboat Expanding the environmental contribution potential of fuel ammonia (11)

World’s First Environmental Value Created through Operation of NYK Ammonia-fueled Tugboat Expanding the environmental contribution potential of fuel ammonia (11)

Shin Nippon Kaiyosha obtained third-party certification for the environmental value1 representing the quantified greenhouse gas (GHG) emissions reduced through the...
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MABUX: Bunker Prices Expected To Trend Lower Next Week

MABUX: Bunker Prices Expected To Trend Lower Next Week

At the end of the 42nd week, global bunker indices MABUX continued their downward trajectory, defying expectations of an upward...
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Asia Spot market differentials hold steady in discounts

Asia Spot market differentials hold steady in discounts

Asia spot fuel oil differentials held in steady discounts, weighed by a persistent backdrop of high supply. Singapore’s very low...
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Marine battery manufacturer AYK Energy achieves industry-leading standard in cyber security

Marine battery manufacturer AYK Energy achieves industry-leading standard in cyber security

Marine battery innovator and manufacturer AYK Energy has achieved an industry-leading standard of maritime cyber security. Its capability for remote...
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Sailors’ Society delivers urgent aid to struggling families after the Philippines earthquake

Sailors’ Society delivers urgent aid to struggling families after the Philippines earthquake

Sailors’ Society has reached areas most devastated by recent earthquakes in the Philippines to deliver basic food, water and psychological...
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