News Flash

New Report Shows That Green Shipping Corridors Will Need Additional Support Under A Global Fuel Standard

New Report Shows That Green Shipping Corridors Will Need Additional Support Under A Global Fuel Standard

Under current and prospective policies from the IMO, EU, and US, the business case for green shipping corridors could improve...
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Saudi Red Sea Authority and Ministry of Municipalities and Housing Sign MoU to Enhance Marina Development

Saudi Red Sea Authority and Ministry of Municipalities and Housing Sign MoU to Enhance Marina Development

The Saudi Red Sea Authority (SRSA) has signed a memorandum of understanding (MoU) with the Ministry of Municipalities and Housing...
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Dry Weekly Market Monitor: Cyclone Disruptions Hit Australian Iron Ore Exports

Dry Weekly Market Monitor: Cyclone Disruptions Hit Australian Iron Ore Exports

The sharp decline in Australian dry bulk flows in early 2025, as depicted in the data, can be directly linked...
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Ship Recycling Market Still Facing Challenging Conditions

Ship Recycling Market Still Facing Challenging Conditions

The ship recycling market has kept on facing a challenging landscape. In its latest weekly report, Best Oasis, a leading...
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Econowind Receives One Million Euros Investment To Harness The Wind For Deep-Sea Shipping

Econowind Receives One Million Euros Investment To Harness The Wind For Deep-Sea Shipping

Dutch company Econowind, based in Zeewolde, has secured €1 million in development capital from Invest International to advance and test...
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Wärtsilä Lifecycle Agreement to ensure operational reliability for 14 vessels in CMA Ships fleet

Wärtsilä Lifecycle Agreement to ensure operational reliability for 14 vessels in CMA Ships fleet

Technology group Wärtsilä has signed a Lifecycle Agreement with CMA Ships, a subsidiary of leading French shipping company CMA CGM....
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ENGINE: East of Suez Bunker Fuel Availability Outlook

ENGINE: East of Suez Bunker Fuel Availability Outlook

Singapore and Malaysia Bunker demand has been slow in Singapore over the past two weeks, according to a source. VLSFO...
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Blue waters, green vessels: ING aims to be a catalyst for shipping decarbonization

Blue waters, green vessels: ING aims to be a catalyst for shipping decarbonization

The global economy relies on shipping, more than 80% of the world’s traded goods are transported by ships. ING’s Shipping...
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HSFO spot premiums dip but backwardation holds

HSFO spot premiums dip but backwardation holds

Spot premiums for high sulphur fuel oil (HSFO) eased further in Asia on Tuesday, although backwardation retained its strength in...
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Dry Bulk Shipping: Handysize Ships Heading Lower

Dry Bulk Shipping: Handysize Ships Heading Lower

Handysize ships’ prices are trending higher, despite an overall lackluster freight market sentiment. In its latest weekly report, shipbroker Intermodal...
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ICS Latest Flag State Performance Table Shows The World’s Largest Flag State Administrations Continuing To Demonstrate High Levels Of Performance

ICS Latest Flag State Performance Table Shows The World’s Largest Flag State Administrations Continuing To Demonstrate High Levels Of Performance

The International Chamber of Shipping (ICS) has issued its annual Flag State Performance Table for 2024/25, a key resource for...
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Unsworth sails into Liverpool: A strategic expansion into the Northwest

Unsworth sails into Liverpool: A strategic expansion into the Northwest

Unsworth, a trusted name in freight forwarding and customs brokerage for over 50 years, has started 2025 with a bang,...
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Decarbonisation leaders firm up commitment to cultivate trust in ammonia as a marine fuel

Decarbonisation leaders firm up commitment to cultivate trust in ammonia as a marine fuel

With the maritime industry under pressure to reduce carbon emissions, ammonia is gaining popularity as a promising alternative fuel. However,...
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Baltic index hits one-month high on stronger rates across vessels

Baltic index hits one-month high on stronger rates across vessels

Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, rose to a...
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Drone strike hits Chevron, Exxon oil exports via Russia

Drone strike hits Chevron, Exxon oil exports via Russia

A drone strike has hit a pumping station on a oil pipeline in Russia, reducing flows from Kazakhstan to world...
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DP World’s Pioneering Carbon Inset Programme Registers Over 100,000 Containers

DP World’s Pioneering Carbon Inset Programme Registers Over 100,000 Containers

The world’s first container port Carbon Inset Programme has registered more than 100,000 TEUs worth of import laden containers by...
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Kongsberg Maritime secures contract to equip Bibby Marine’s groundbreaking eCSOV

Kongsberg Maritime secures contract to equip Bibby Marine’s groundbreaking eCSOV

Kongsberg Maritime has won a major contract to supply an integrated package of equipment for Bibby Marine’s new eCSOV, the...
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Maersk and Cochin Shipyard partner to explore ship repairs and shipbuilding activities in India

Maersk and Cochin Shipyard partner to explore ship repairs and shipbuilding activities in India

Maersk (Maersk) and Cochin Shipyard Limited (CSL) today announced the signing of a Memorandum of Understanding (MoU) to explore collaboration...
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UAE’s Fujairah marine fuel sales extend monthly climb but log yearly fall in January

UAE’s Fujairah marine fuel sales extend monthly climb but log yearly fall in January

Marine fuel sales at the United Arab Emirates’ Fujairah, a key bunker hub in the Middle East, extended gains for...
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South Korean shipbuilders eye overseas production as domestic yards reach capacity

South Korean shipbuilders eye overseas production as domestic yards reach capacity

South Korean shipbuilders, backed by extensive orderbooks, are weighing offshore production options as domestic shipyards operate at full capacity. With...
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