News Flash

Hong Kong Chamber of Shipping launched to boost Hong Kong’s status as int’l shipping hub

Hong Kong Chamber of Shipping launched to boost Hong Kong’s status as int’l shipping hub

The Hong Kong Chamber of Shipping was officially established on Monday with an aim to shore up Hong Kong’s status...
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US LNG exports dip in September on plant maintenance

US LNG exports dip in September on plant maintenance

U.S. exports of liquefied natural gas fell slightly in September as plant maintenance trimmed output, while Europe remained the leading...
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Asia Fuel Oil-VLSFO rebounds on firmer trading activity

Asia Fuel Oil-VLSFO rebounds on firmer trading activity

Spot premium for very low sulphur fuel oil (VLSFO) rebounded on Tuesday after hitting seven-week lows in the previous session,...
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Lloyd’s Register and Metcore link up for Mass Flow Meter certification

Lloyd’s Register and Metcore link up for Mass Flow Meter certification

Lloyd’s Register (LR) and measurement solution specialist Metcore have launched an independent accredited certification service to certify the accuracy and...
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Japan’s MOL set to boost LNG carrier fleet to around 150 by 2030: CEO

Japan’s MOL set to boost LNG carrier fleet to around 150 by 2030: CEO

Mitsui O.S.K. Lines, or MOL, the world’s largest operator of LNG carriers, expects to expand investment in its LNG businesses...
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LNG-fuelled vessels accelerate to 6% of the global fleet

LNG-fuelled vessels accelerate to 6% of the global fleet

Industry coalition SEA-LNG reports that active LNG-fuelled vessels now account for more than 2% of the global shipping fleet. Once...
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Baltic index falls over one-month low on weak capesize rates

Baltic index falls over one-month low on weak capesize rates

The Baltic Exchange’s main sea freight index .BADI declined to a more than one-month low on Tuesday, pressured by falling...
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Satellite imagery shows Iranian oil tankers at country’s major terminal disappearing amid fears of Israeli counterattack

Satellite imagery shows Iranian oil tankers at country’s major terminal disappearing amid fears of Israeli counterattack

Satellite imagery revealed a number of oil tankers vacating the waters around Iran’s key Kharg Island oil loading terminal, amid...
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Marine businesses will gain a share of £14m in Scottish government support.

Marine businesses will gain a share of £14m in Scottish government support.

Seven isles-based projects will benefit from the investment – including a Scalloway fisher who will use the support to secure...
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Korean Industry Feels Pressure as China Dominates Container Ship Market

Korean Industry Feels Pressure as China Dominates Container Ship Market

The three major Korean shipbuilders—HD Korea Shipbuilding & Offshore Engineering, Samsung Heavy Industries, and Hanwha Ocean—simultaneously announced new ship contracts...
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Marine Corps’ unmanned ‘narco-boat’ heads to Okinawa for Indo-Pacific trial

Marine Corps’ unmanned ‘narco-boat’ heads to Okinawa for Indo-Pacific trial

The Marine Corps will soon deploy an unmanned, semisubmersible watercraft designed to move supplies and weapons across large ocean distances...
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USAID launches regional programme to promote marine biodiversity

USAID launches regional programme to promote marine biodiversity

The United States Agency for International Development (USAID) last week launched the USAID Caribbean Sustainable Ecosystems Activity in Kingston, Jamaica....
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Strategic Marine Delivers Fast Crew Boat for Brunei’s Oil and Gas Sector

Strategic Marine Delivers Fast Crew Boat for Brunei’s Oil and Gas Sector

Singapore-based shipbuilder Strategic Marine has delivered the Amarco S1 fast crew boat to Amarco which will be put to long-term...
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Cruise Lines Embrace Citizen Science Project to Protect Marine Ecosystems

Cruise Lines Embrace Citizen Science Project to Protect Marine Ecosystems

Expedition cruise operators are actively supporting the Secchi Disk study, a hands-on citizen science initiative that allows guests to gather...
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MYT Netherlands Parent B.V. (“Mytheresa”) and Richemont sign agreement for Mytheresa to acquire YOOX NET-A-PORTER (“YNAP”) to create leading, global, multi-brand digital luxury group in exchange for a 33% equity stake in Mytheresa

MYT Netherlands Parent B.V. (“Mytheresa”) and Richemont sign agreement for Mytheresa to acquire YOOX NET-A-PORTER (“YNAP”) to create leading, global, multi-brand digital luxury group in exchange for a 33% equity stake in Mytheresa

Mytheresa (NYSE:MYTE) and Richemont (SWX:CFR) announce that they have entered into binding agreements for the acquisition of 100% of the...
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European Commission Authorisation Decision on the Sale of 42.06% of the Share Capital of CLASQUIN to SAS Shipping Agencies Services Sàrl

European Commission Authorisation Decision on the Sale of 42.06% of the Share Capital of CLASQUIN to SAS Shipping Agencies Services Sàrl

The European commission today approved, in light of EU regulations on mergers, the acquisition of sole control of Clasquin S.A....
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Convergence around a smaller number of options during the last GHG meetings before approval, put the IMO in a strong position to drive an energy transition in international shipping

Convergence around a smaller number of options during the last GHG meetings before approval, put the IMO in a strong position to drive an energy transition in international shipping

The IMO’s Marine Environment Protection Committee 82nd meeting has concluded with a large amount of work remaining. However, negotiations are...
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Oil watchers now see a real threat of supply disruptions after latest Iran-Israel escalation

Oil watchers now see a real threat of supply disruptions after latest Iran-Israel escalation

Oil watchers are now seeing a genuine threat to crude supplies after Iran launched a ballistic missile attack on Israel,...
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Goldman Sachs says crude could spike by $20 on Iran oil shock

Goldman Sachs says crude could spike by $20 on Iran oil shock

Oil prices could shoot up $20 per barrel if Iranian production sees a hit, according to Goldman Sachs. U.S. crude...
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Alphard Maritime Looks To Set Up A $500 Million Shipping Fund In IFSC Gift City

Alphard Maritime Looks To Set Up A $500 Million Shipping Fund In IFSC Gift City

Alphard Maritime Group plans to set up a $500 million shipping fund in the Gujarat International Finance Tec-City (GIFT City)...
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