News Flash

US supply chains intact but fuel costs rise amid Middle East tensions

US supply chains intact but fuel costs rise amid Middle East tensions

Bunker fuel used by container vessels has doubled over the past three weeks, increasing costs across supply chains. There is...
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Crude exports to Japan, South Korea & Taiwan fall 50% y-o-y

Crude exports to Japan, South Korea & Taiwan fall 50% y-o-y

Crude/condensates exports pointed toward Japan, South Korea and Taiwan are down ~50% y-o-y in March (days 1-29), to just 3.1mbd,...
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Kalyan cyclist’s death sparks outrage, raises road safety concerns

Kalyan cyclist’s death sparks outrage, raises road safety concerns

The death of Kalyan-based businessman and cycling enthusiast Shrinivas Tandle, who was allegedly hit by a speeding car driven by...
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Iran endgame, fuel shock, Strait of Hormuz tensions & more: Key takeaways from Donald Trump’s address

Iran endgame, fuel shock, Strait of Hormuz tensions & more: Key takeaways from Donald Trump’s address

US President Donald Trump on Thursday shared fresh updates on the Iran conflict, saying Operation Epic Fury is “nearing completion”...
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NYK Bulkship Partners Sets Sail

NYK Bulkship Partners Sets Sail

With the aim of further strengthening the competitiveness of the NYK Group’s dry bulk business, NYK Bulkship Partners Co., Ltd....
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MOL Group Unveils Phase 2 of its Management Plan ‘BLUE ACTION 2035’- Advancing to the Next Stage Toward ‘Value Realization’

MOL Group Unveils Phase 2 of its Management Plan ‘BLUE ACTION 2035’- Advancing to the Next Stage Toward ‘Value Realization’

Mitsui O.S.K. Lines, Ltd. announced that it will launch Phase 2 of its group management plan, “BLUE ACTION 2035,” effective...
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Beyond oil: Strait of Hormuz power struggle threatens fertilizer and ammonia trade

Beyond oil: Strait of Hormuz power struggle threatens fertilizer and ammonia trade

The trade of global fertilizer and ammonia faces intense pressure due to the effective closure of the Strait of Hormuz...
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Cape detour boosts South Africa as shipping reroutes from Hormuz risk

Cape detour boosts South Africa as shipping reroutes from Hormuz risk

With war between the United States and Israel and Iran effectively paralyzing Middle East routes, the global shipping network is...
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Turkish ships seek passage through Strait of Hormuz amid blockade

Turkish ships seek passage through Strait of Hormuz amid blockade

Turkey is seeking Iranian permission for 11 Turkish-owned vessels to pass through the Strait of Hormuz, state-run Anadolu news agency...
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European Shipowners and European Transport Workers’ Federation (ETF) reaffirm commitment to upskilling and reskilling of seafarers

European Shipowners and European Transport Workers’ Federation (ETF) reaffirm commitment to upskilling and reskilling of seafarers

The European Maritime Skills Forum held its second plenary session in Brussels, reaffirming the shared commitment of European Shipowners and...
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One Month of War in the Gulf: Mapping the Global Maritime Disruption

One Month of War in the Gulf: Mapping the Global Maritime Disruption

The First Month of the Iran War at Sea One month after the launch of Operation Epic Fury, the maritime...
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Shale Oil Components Detected in Marine Fuels in Singapore

Shale Oil Components Detected in Marine Fuels in Singapore

VPS has seen an increase in the levels of shale oil components in marine fuels bunkered recently in Singapore. Although...
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Shift in transport fuel flows amid lower exports in the East

Shift in transport fuel flows amid lower exports in the East

Global transport fuel exports defined as gasoline, jet/kero and diesel fell by 1mbd y-o-y in March. This decline was driven...
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UN: ‘No precedent’ for seafarers caught in war zone in post-WW2 era

UN: ‘No precedent’ for seafarers caught in war zone in post-WW2 era

The seafarers are working on some 2,000 ships including oil and gas tankers, bulk carriers, cargo ships as well as...
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Memorandum of Understanding to Collaborate on Global Projects in the Field of Carbon Capture and Storage

Memorandum of Understanding to Collaborate on Global Projects in the Field of Carbon Capture and Storage

Chiyoda Corporation (“Chiyoda”), Nippon Yusen Kabushiki Kaisha (“NYK Line”), and its affiliate Knutsen NYK Carbon Carriers AS (“KNCC”) are pleased...
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Wah Kwong and Bureau Veritas Deliver First SMART “Augmented Ship” in Newbuild Series

Wah Kwong and Bureau Veritas Deliver First SMART “Augmented Ship” in Newbuild Series

Wah Kwong Maritime Transport (“Wah Kwong”) and Bureau Veritas Marine & Offshore (“BV”) celebrated the delivery of the LR2 tanker...
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LNG Bunker Snapshot: Bunker premiums push Singapore prices higher

LNG Bunker Snapshot: Bunker premiums push Singapore prices higher

Rotterdam’s LNG bunker price has fallen on lower bunker premiums and declining gas benchmarks, while Singapore’s has surged amid sharply...
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Iran urges Houthis to ready Red Sea shipping attacks amid US tensions

Iran urges Houthis to ready Red Sea shipping attacks amid US tensions

Iran is pushing the Houthis to prepare for a renewed campaign against Red Sea shipping if the US escalates its...
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PPA S.A.: Financial Results for Fiscal Year 2025 – Further Increase in Revenue and EBITDA – Stable Dividend Policy

PPA S.A.: Financial Results for Fiscal Year 2025 – Further Increase in Revenue and EBITDA – Stable Dividend Policy

Piraeus Port Authority S.A. announced its financial results for fiscal year 2025, reporting record-high revenue and EBITDA, as well as...
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Maritime Technologies Forum Announces New Guidelines to Strengthen Safety Management for Ships Using Wind Assisted Propulsion Systems

Maritime Technologies Forum Announces New Guidelines to Strengthen Safety Management for Ships Using Wind Assisted Propulsion Systems

The Maritime Technologies Forum (MTF) today announced the publication of new guidelines to support companies in developing and implementing Safety...
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