News Flash
Lloyd’s Register awards its first VC-L+ Descriptive Note for vessel connectivity
Lloyd’s Register (LR) has awarded its first VC-L+ Descriptive Note for vessel connectivity to Neda Maritime’s vessel, MT ASCONA (VLCC)....
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Yara and NYK Conclude World’s First Time-Charter Agreement for Ammonia-Fueled Medium Gas Carrier
Yara Clean Ammonia Switzerland SA (Yara Clean Ammonia)*, a subsidiary company of Yara International ASA (Yara), the world’s largest ammonia...
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VLSFO leans to downside while HSFO strength holds
Asia’s fuel oil market posted contrasting trends for key grades, with very low sulphur fuel oil (VLSFO) still leaning towards...
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IBIA leads change in the rules for the carriage of biofuels by bunker vessels
In November 2023 IBIA submitted a document to IMO on the carriage of biofuels for supply to a ship for...
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Latest US sanctions raise risks for ships moving Iranian oil in China
The challenge has intensified for the VLCC Star Forest to conceal the rare Iranian barrels loaded from storage in China...
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Baltic index falls as larger vessel rates dip
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, retreated on Monday...
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Sri Lankan Navy Detains 14 Tamil Nadu Fishermen, Total Arrests Reach 88 This Year
MADURAI: The Sri Lankan Navy apprehended 14 fishermen from Rameswaram and seized two trawlers for allegedly fishing in Sri Lankan...
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Asian spot LNG prices at two-month high tracking EU gas rally
Asian spot liquefied natural gas (LNG) prices hit a two-month high this week, tracking a rally in European gas prices,...
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Advancing Maritime Digitalization: POC about Shipdex-D and Shipdex-F together
The Shipdex protocol, as already known, consists of two specifications derived from international aerospace and defence standards: S1000D (www.s1000d.org) and...
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Asyad Shipping to set IPO price range next week: IFR
Oman’s Asyad Shipping is expected to set a price range next week ahead of books opening for what is thought...
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Korean shipbuilders report profits as LNG market projects growth
Samsung Heavy Industries recorded a profit last year, leading the Big Three shipbuilders, including HD Hyundai Heavy Industries and Hanwha...
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Panama Ship Registration: A Game-Changer for Asian Shipowners
Asia is a powerhouse in global trade and shipping. For shipowners in this region, Panama offers one of the most...
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US-China tariff war may create glut of US coking coal cargoes in Asia
The recent tit-for-tat tariff bouts between the US and China were expected to create a potential glut of US coals...
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Red Sea ransom: How emails power Houthis’ $2 billion piracy operation
The Red Sea, a vital artery for global trade, has become a battleground for modern piracy that blends technology, geopolitics,...
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Korea Surpasses China in January Ship Orders, Securing 62% of Global Market Share
South Korea has outpaced China to secure the highest volume of ship orders in January, according to a report by...
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Tankers: VLCC Market Under Renewed Pressure
Clean LR2 MEG LR2’s continued downward this week. TC1 75kt MEG/Japan was marked 22.5 points less at WS102.22 and a...
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Asia-US container rates tick lower; shippers frontloading cargoes on tariff pause
Rates for shipping containers from Asia to the US ticked lower this week, although they could see upward pressure from...
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NCB Seizes ₹100 Crore Worth of Cocaine in Mumbai, Busts International Drug Syndicate
NEW DELHI: In a major crackdown on drug trafficking, the Narcotics Control Bureau (NCB) has seized high-grade cocaine worth over...
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GTT, COSCO Shipping LNG Investment Co., LTD. and COSCO Shipping Heavy Industry Co., LTD. sign a strategic cooperation agreement
GTT, COSCO Shipping LNG Investment (Shanghai) Co., LTD. (CSLNG) and COSCO Shipping Heavy Industry Co., LTD. (CHI), have signed a...
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Singapore fuel oil stockpiles at two-week highs
Singapore onshore fuel oil stockpiles logged their highest volumes in two weeks, although levels dipped below the average, official data...
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