News Flash
ICS cautiously welcomes critically important global agreement on shipping’s decarbonisation journey
After many years of negotiations, the International Chamber of Shipping (ICS) welcomes the agreement Friday at the United Nations’ International...
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UN agrees global carbon pricing for international shipping
The UN’s International Maritime Organization (IMO) has agreed on a key climate policy for global shipping–including pricing of emissions–aimed at...
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IMO Reaches Agreement But More Needed To Unlock Future Fuels
The International Maritime Organisation (IMO) agreed to the sector’s first binding targets to reduce greenhouse gas emissions from ships. The...
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Hong Kong company denies that it failed to pay Panama under a contract to operate its canal ports
A subsidiary of a Hong Kong conglomerate that is embroiled in U.S.-China tensions over its Panama Canal port assets denied...
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ClassNK issues approval in principle (AiP) for Onboard Carbon Capture and Storage system (OCCS) developed by Mitsubishi Shipbuilding
ClassNK has issued an approval in principle (AiP) for an Onboard Carbon Capture and Storage system (OCCS) developed by Mitsubishi...
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China’s March Iranian oil imports surge on US sanctions fears
China’s imports of Iranian oil surged in March as buyers stocked up amid worries that further U.S. sanctions on Tehran...
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Singapore’s MPA gets 14 proposals under EOI to scale up LNG bunker supply
The Maritime and Port Authority of Singapore has received 14 proposals under its Expression of Interest to scale up the...
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U.S. crude oil exports reached a new record in 2024
U.S. crude oil exports in 2024 surpassed the previous record set in 2023, exceeding an annual average of 4.1 million...
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Asia Fuel Oil: Differentials steady; onshore inventories rise
Spot differentials for fuel oil were little changed on Thursday, while onshore inventories at Singapore climbed to their highest in...
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Coach Solutions partners with Nextvoyage to increase availability of validated data
Coach Solutions, a leading SaaS provider in the shipping industry, has agreed a partnership with Nextvoyage Maritime Software to increase...
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Want to cut your trade surplus with Trump? Crude, LNG and coal can help – a bit
Amid the market carnage and turmoil created by U.S. President Donald Trump’s chaotic global tariff roll out and retreat, there...
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U.S. withdrawal from IMO decarbonization talks worries shipping, shipbuilding sectors
U.S. President Donald Trump has announced that he will withdraw from the International Maritime Organization (IMO) negotiations on maritime decarbonization,...
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Baltic Index Snaps 12-Day Losing Streak On Higher Capesize Rates
The Baltic Exchange’s dry bulk sea freight index, which monitors rates for ships carrying dry bulk commodities, snapped a twelve-day...
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Sealead Expands In Spain With New Entity And Managing Director
SeaLead, a fast-growing global shipping line, has strengthened its presence in Europe with the establishment of its own entity in...
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Strike halts grain ship traffic at Argentina’s Rosario ports
Grain and agro-industrial products ships will be unable to dock or leave Argentina’s Rosario agro-port hub on Thursday because of...
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Panama’s attorney general to investigate CK Hutchison’s port contract
Panama has opened an investigation into a contract granted to Hong Kong-based CK Hutchison for the operation of two ports...
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Russian seaborne oil exports fall 6%, but remain largely unaffected by new sanctions
During the first quarter of 2025, Russian oil exports have fallen 6% year-on-year. Clean tanker exports were down 13% while...
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US bill creates fund to enforce oil sanctions on Russia’s ghost fleet
Legislation from two U.S. senators from both parties introduced on Wednesday establishes a fund to enforce sanctions on the so-called...
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Why international shipping needs a global carbon levy AND a global fuel standard
MEPC83 is almost here. This isn’t the final chance to clean up the shipping industry in time for 2050, but...
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NORDEN adds to Executive Management group with COO role
NORDEN is pleased to announce that Anne Heidi Jensen will join NORDEN’s Executive Management in the newly created role as...
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