News Flash

Baltic Index Climbs On Higher Capesize And Supramax Rates

Baltic Index Climbs On Higher Capesize And Supramax Rates

The Baltic Exchange’s main sea freight index, which measures rates for ships carrying dry bulk commodities, edged up on Friday...
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Importing crude oil from Canada remains unfeasible for India as of now: Govt source

Importing crude oil from Canada remains unfeasible for India as of now: Govt source

Importing crude oil from Canada is currently not feasible for India due to the high cost required to transport oil...
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Europe gas markets escape hectic LNG summer storage race

Europe gas markets escape hectic LNG summer storage race

European gas traders have faced a stressful race against the clock in recent summers as they have scrambled to refill...
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China is capping coal production to support prices, top miner and analysts say

China is capping coal production to support prices, top miner and analysts say

China has placed curbs on coal production following an unexpected supply increase in the first half of the year that...
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Russia’s Ust-Luga port to operate at half capacity in September after pipeline damage, sources say

Russia’s Ust-Luga port to operate at half capacity in September after pipeline damage, sources say

Russia’s Ust-Luga oil export terminal will operate at around 350,000 barrels per day in September, or about half its usual...
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VLSFO pares after recent rebound; Singapore inventories climb

VLSFO pares after recent rebound; Singapore inventories climb

Asia’s spot differential for very low sulphur fuel oil (VLSFO) pared slightly on Thursday, snapping four straight sessions of gains,...
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Tanker with crude cargo from Sudan idles off UAE as bilateral ties sour

Tanker with crude cargo from Sudan idles off UAE as bilateral ties sour

For the last 10 days, a tanker loaded with Sudan’s Nile Blend Crude has been idling off the UAE port...
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2025 Ship Sales Experience Slowdown

2025 Ship Sales Experience Slowdown

Sales of secondhand bulkers and tankers have been on a downtrend since the start of 2025, compared to last year....
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Monthly Major Bulk Radar: Slower Chinese growth forecast in 2025 Q3 and Q4

Monthly Major Bulk Radar: Slower Chinese growth forecast in 2025 Q3 and Q4

Exports volumes of major bulk, made up of iron ore, coal, or grains, remained flat m/m in July but edged...
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BIMCO Tanker Market Report: OPEC+ ramps up oil supply while demand growth slows

BIMCO Tanker Market Report: OPEC+ ramps up oil supply while demand growth slows

“We forecast a balanced development in the crude tanker market in 2025 and 2026 while we expect the product tanker...
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Competition in West Australia’s grain handling heats up amid new logistics, expansion

Competition in West Australia’s grain handling heats up amid new logistics, expansion

Consistently rising wheat output in Australia is creating export opportunities for new entrants, particularly in the grain handling space in...
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OSM Thome Celebrates 15 Years of Digital Development and Expands Vision for Decarbonization and Operational Intelligence with NAU™ 2.1 by Orion Marine and Veracity by DNV

OSM Thome Celebrates 15 Years of Digital Development and Expands Vision for Decarbonization and Operational Intelligence with NAU™ 2.1 by Orion Marine and Veracity by DNV

OSM Thome, one of the world’s most forward-thinking ship management companies, proudly marks milestone years of sustained digital transformation –...
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Wärtsilä and Wasaline’s close cooperation continues with world’s largest marine battery hybrid system project

Wärtsilä and Wasaline’s close cooperation continues with world’s largest marine battery hybrid system project

Technology group Wärtsilä has been selected as the electrical integrator for a major battery extension project for the Wasaline ROPAX...
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South Korea’s top shipbuilder to acquire affiliate to tap US demand under Trump

South Korea’s top shipbuilder to acquire affiliate to tap US demand under Trump

South Korea’s HD Hyundai Heavy Industries 329180, the world’s biggest shipbuilder, said on Wednesday that it plans to merge with...
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Höegh Autoliners Orders First-Ever Ammonia Engines for Pure Car and Truck Carriers

Höegh Autoliners Orders First-Ever Ammonia Engines for Pure Car and Truck Carriers

In a major leap for maritime decarbonisation, Höegh Autoliners has placed a landmark order for ammonia-burning Everllence B&W ME-LGIA engines....
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Auramarine delivers methanol fuel supply system for two Terntank hybrid tankers

Auramarine delivers methanol fuel supply system for two Terntank hybrid tankers

Auramarine, the trusted fuel supply and auxiliary systems expert, announced that it has signed an agreement to provide its methanol...
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Why India’s Russian oil imports sparked US tariffs amid Ukraine peace talks

Why India’s Russian oil imports sparked US tariffs amid Ukraine peace talks

India, the world’s third-biggest oil importer and consumer and the largest buyer of Russian seaborne crude, is caught in the...
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How the maritime industry is preparing for alternative fuel adoption

How the maritime industry is preparing for alternative fuel adoption

The energy transition is advancing, but not at the same pace everywhere. In 2015, just 0.7% of new cars sold...
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Ship Recycling Activity Picking Up Pace

Ship Recycling Activity Picking Up Pace

The ship recycling market has picked up the pace, especially in some markets, like India, but still remains overall lacklustre....
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Maritime Companies Struggle to Scale AI Despite High Enthusiasm

Maritime companies are stuck in the early stages of AI adoption, unable to scale beyond small experiments as widespread optimism...
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