News Flash

Trump’s fees on Chinese ships will hurt US companies, maritime executives to tell hearing

Trump’s fees on Chinese ships will hurt US companies, maritime executives to tell hearing

President Donald Trump’s plan to revitalize the U.S. shipbuilding industry is likely to backfire because it relies on proposed fees...
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Methanol holds edge over ammonia as green marine fuel alternative in near term: Proman

Methanol holds edge over ammonia as green marine fuel alternative in near term: Proman

Ship owners are increasingly favoring methanol over ammonia as a marine fuel alternative despite both offering significant emissions reduction potential,...
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India to explore green shipping and digital business with Singapore

India to explore green shipping and digital business with Singapore

India’s green fuel and digital initiatives are set to enter the global trade through Singapore’s marine and shipping industry, where...
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Advice for BIMCO members in relation to proposed US trade action

Advice for BIMCO members in relation to proposed US trade action

On 21 February, The Office of the United States Trade Representative (USTR) announced it was inviting comments from the public...
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Wilhelmsen strengthens maritime innovation commitment with Motion Ventures Fund II

Wilhelmsen strengthens maritime innovation commitment with Motion Ventures Fund II

Building upon the success of the inaugural fund launched in 2021, Motion Ventures Fund II aims to deploy investments ranging...
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Shipping Companies Rushing to Subscribe to Starlink to Prevent Young Sailors from Leaving

Shipping Companies Rushing to Subscribe to Starlink to Prevent Young Sailors from Leaving

South Korean shipping companies are rushing to subscribe to U.S.-based SpaceX’s satellite communication service, Starlink, to prevent young sailors from...
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Mediterranean Sea Designated as Emission Control Area for Sulphur Oxides

Mediterranean Sea Designated as Emission Control Area for Sulphur Oxides

Starting from May 1, 2025, the Mediterranean Sea will be officially designated as an Emission Control Area (ECA) for sulphur...
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US Tariffs on Chinese built ships and fleets

US Tariffs on Chinese built ships and fleets

The Club has been receiving enquiries and requests for draft charter clauses from members about the proposed U.S. ‘Make Shipbuilding...
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Marine insurance industry advances climate reporting in third annual disclosure report

Marine insurance industry advances climate reporting in third annual disclosure report

The Poseidon Principles for Marine Insurance continue to take a leadership role in supporting global shipping decarbonisation with the release...
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Russia and US to discuss Black Sea shipping

Russia and US to discuss Black Sea shipping

Russian and U.S. experts will discuss ways to ensure the safety of shipping in the Black Sea at talks on...
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Xeneta: Average spot rates from Far East to US now fallen below average long term contract rates

Xeneta: Average spot rates from Far East to US now fallen below average long term contract rates

Average spot rates from Far East to US now fallen below average long term contract rates. Far East to US...
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Tankers: VLCC Seesawed Last Week

Tankers: VLCC Seesawed Last Week

Clean LR2 MEG LR2’s looked to have reached the top for their current freight spike for the moment. The TC1...
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Iron ore set for weekly loss on caution over China demand prospects

Iron ore set for weekly loss on caution over China demand prospects

Iron ore futures drifted lower on Friday and were headed for a weekly loss due to mounting concerns over demand...
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New shipowners join Bluepool Panamax pool

New shipowners join Bluepool Panamax pool

Castor Maritime and Sea Tribute Shipmanagement are the latest companies to enter vessels into the Bluepool Panamax dry bulk shipping...
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Dredging sector crucial for the strategic position of the Netherlands and Belgium: Report Warns Of Increasing Chinese Competition

Dredging sector crucial for the strategic position of the Netherlands and Belgium: Report Warns Of Increasing Chinese Competition

The Dutch and Belgian dredging industry is of strategic importance to the economy, water safety, and energy transition in both...
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Wallenius Wilhelmsen releases 2024 annual report, highlighting another record-breaking year

Wallenius Wilhelmsen releases 2024 annual report, highlighting another record-breaking year

Delivering all-time high, full-year results for 2024, Wallenius Wilhelmsen’s financial performance surpasses its record 2023. In addition, the company continued...
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HSFO extends fall for seventh straight session

HSFO extends fall for seventh straight session

Asia’s high sulphur fuel oil differentials ended the week in losses as the market expected supplies to rise and as...
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ITS Logistics March Port Rail Ramp Index: Trucking Capacity-to-Demand Ratio Could Increase Rates for Dray and Rail Capacity

ITS Logistics March Port Rail Ramp Index: Trucking Capacity-to-Demand Ratio Could Increase Rates for Dray and Rail Capacity

ITS Logistics yesterday released the March forecast for the ITS Logistics US Port/Rail Ramp Freight Index. This month, the index...
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Ascenz Marorka, GTT’s smart shipping arm, expands its real-time fleet performance monitoring service to cover the Americas

Ascenz Marorka, GTT’s smart shipping arm, expands its real-time fleet performance monitoring service to cover the Americas

Ascenz Marorka is expanding its Real-Time Fleet Performance Monitoring Service to the Americas time zones. Following successful deployments in France...
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US slaps Iran-related sanctions on oil tankers, China ‘teapot’ refinery

US slaps Iran-related sanctions on oil tankers, China ‘teapot’ refinery

The US yesterday issued new sanctions intended to hit Iran’s oil exports, including what the State Department said were the...
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