News Flash

Cost volatility in shipping – a growing risk for shippers

Cost volatility in shipping – a growing risk for shippers

Spot rates on the East-West routes are the most volatile; rates on intra-Asia routes the most stable. So, what are...
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Wärtsilä hybrid propulsion solution to optimise efficiency and enable zero emissions for four new Dutch vessels

Wärtsilä hybrid propulsion solution to optimise efficiency and enable zero emissions for four new Dutch vessels

Technology group Wärtsilä will supply an integrated hybrid propulsion solution for four new 10,700 DWT geared tween decker vessels being...
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MOL Group to Participate in Maritime Innovation Accelerator Program for Startups- Driving Innovation in the Shipping Industry and Strengthening Support for Startups

MOL Group to Participate in Maritime Innovation Accelerator Program for Startups- Driving Innovation in the Shipping Industry and Strengthening Support for Startups

Mitsui O.S.K. Lines, Ltd. announced that its Singapore Sub-Headquarters, MOL (Asia Oceania) Pte. Ltd. (MOLAO; Managing Director: Sakura Kuma; Headquarters:...
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Discounts deepen on Iranian oil in China as struggling teapots slow buying

Sellers of Iranian oil to China are offering deeper discounts this month as they look to reduce inventories and as...
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ABS Chairman and CEO Urges Greek Maritime Leaders to Align Strategy with Regulation, Technology, and Safety

ABS Chairman and CEO Urges Greek Maritime Leaders to Align Strategy with Regulation, Technology, and Safety

“Every owner’s playbook needs to keep a line of sight on three things – regulation, technology readiness timelines and boundary...
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Spoof vessel signals pose challenge to Middle East LNG transit

Spoof vessel signals pose challenge to Middle East LNG transit

Much focus from energy companies tracking hostilities between Israel and Iran has been on higher oil, gas and LNG prices...
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VLCC Tanker Market Riding the Wave of Middle East Tensions

VLCC Tanker Market Riding the Wave of Middle East Tensions

Clean LR2 LR2’s in the MEG saw the inevitable spike this week. The TC1 75kt MEG/Japan index sailed up 91.95...
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US urges China to dissuade Iran from closing Strait of Hormuz

US urges China to dissuade Iran from closing Strait of Hormuz

U.S. Secretary of State Marco Rubio on Sunday called on China to encourage Iran to not shut down the Strait...
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DNV: Ageing fleet driving increase in incidents

DNV: Ageing fleet driving increase in incidents

A clear uptick in casualties in 2024, driven by machinery damage/failure and an ageing fleet, stands out in the latest...
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Dry Bulk Market: Capesize Market on the Back Foot Last Week

Dry Bulk Market: Capesize Market on the Back Foot Last Week

Capesize The Capesize market trended downward this week, with sentiment consistently softening, particularly in the Pacific. C5 rates came under...
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Tanker Market Caught in War and Geopolitics “Fever”

Tanker Market Caught in War and Geopolitics “Fever”

With the threat of the closure of the Hormuz Strait gaining substantial ground after the weekend’s developments, it’s safe to...
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Commodities strengthen into midyear as demand for hard assets heat up

Commodities strengthen into midyear as demand for hard assets heat up

The commodities sector is closing in on a strong first half of 2025, with the Bloomberg Commodity Total Return Index...
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Asian refiners seek more Mideast oil after spot premiums jump on Israel-Iran conflict

Asian refiners seek more Mideast oil after spot premiums jump on Israel-Iran conflict

Asian refiners have requested more term crude oil supplies loading in August and September from producers in the Middle East...
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The EU Port Strategy should include a State Aid Framework for ports that boosts the competitiveness of the sector and enables it to reach EU objectives

The EU Port Strategy should include a State Aid Framework for ports that boosts the competitiveness of the sector and enables it to reach EU objectives

The EU Port Strategy should include a State Aid Framework for ports that boosts the competitiveness of the sector and...
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Britannia P&I Club and HFW Join Forces To Provide Guidance On Evolving Maritime Emissions Regulations As Industry Goes Through Major Upheaval

Britannia P&I Club and HFW Join Forces To Provide Guidance On Evolving Maritime Emissions Regulations As Industry Goes Through Major Upheaval

Britannia P&I Club has worked with leading global law firm HFW to produce a series of articles highlighting the latest...
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Hoegh Sunrise named in Japan as Aurora Class redefines deep-sea shipping standards

Hoegh Sunrise named in Japan as Aurora Class redefines deep-sea shipping standards

Today, shipping accounts for approximately 3% of global emissions, with 90% of those emissions originating from deep-sea transportation. There is...
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Maritime technologies in the spotlight as German and Latvian partners sign MoU on digital innovation

Maritime technologies in the spotlight as German and Latvian partners sign MoU on digital innovation

A Memorandum of Understanding (MoU) has been signed to mark bilateral cooperation and digital innovation in maritime technologies between German...
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Shipping insurance costs spike in the Middle East as Israel-Iran conflict rages

Shipping insurance costs spike in the Middle East as Israel-Iran conflict rages

Israel and Iran’s escalating conflict has significantly driven up the cost of insurance for ships sailing through the Red Sea...
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Energy efficiency: the unsung hero of decarbonisation?

Energy efficiency: the unsung hero of decarbonisation?

The decarbonisation spotlight on shipping is often on shone on alternative fuels, but the role of energy efficiency should not...
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The Silent Revolution in Maritime Risk Prevention: 5 Human-Centric Tech Hacks That Can Transform Shipping

The Silent Revolution in Maritime Risk Prevention: 5 Human-Centric Tech Hacks That Can Transform Shipping

In today’s volatile maritime world, where global trade, vessel safety, and crew wellbeing are under constant pressure, the smartest investment...
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