News Flash
Biofuel Bunker Snapshot: B30 prices gain in Rotterdam and Singapore
Rotterdam and Europe Rotterdam’s B30-VLSFO (POMEME) price has increased by $28/mt since Monday. Conversely, the port’s conventional VLSFO price has...
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Five Weeks Into the Ceasefire, Hormuz Is Operating Under Control
Operational Overview Five weeks into the ceasefire, the Strait of Hormuz remains constrained, opaque, and increasingly managed through selective access....
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Hormuz closure drives record tanker rates, boosts Teekay earnings
The effective closure of the Strait of Hormuz and the loosening of Venezuelan crude flows propelled midsize tanker rates to...
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VLCC Market Treading Carefully Amid Uncertainties
Clean LR2 The TC1 75kt MEG/Japan index continued along just under the WS550 mark this week. A voyage west also...
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Global LPG flows on the road to recovery
Global seaborne LPG exports have recovered back toward the five-year average in May after a sharp disruption due the Middle...
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Chinese-built world’s largest methanol dual-fuel container ship begins sea trials
A Chinese-built methanol dual-fuel container ship that can carry 24,000 standard containers, the world’s first of its kind, departed from...
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Shanghai ports set 58m TEUs goal during 15th Five-Year Plan
Shanghai’s evolution into an international shipping center has entered a critical transition from scale expansion to capacity enhancement as the...
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AD Ports Group Announces Formation of UAE’s First Shipbuilders Consortium
AD Ports Group (ADX: ADPORTS), a global enabler of integrated trade, transport, industry, and logistics solutions, has announced the formation...
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ABS Issues AIP Certificate for Floating Data Center Design from Samsung Heavy Industries
ABS issued approval in principle (AIP) to Samsung Heavy Industries (SHI) for its design of a 50-megawatt floating data center....
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Diana Shipping Inc. Announces Direct Continuation of Time Charter Contract for m/v Polymnia with Oldendorff Carriers
Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced...
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ITS Logistics May Port/Rail Ramp Freight Index: Strait of Hormuz Closure Sends Fuel Shock Through Supply Chains
ITS Logistics, an Echo Global Logistics company, today released its May forecast in the ITS Logistics Port/Rail Ramp Freight Index....
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Maritime product updates: Proactive compliance, live incident intelligence, and smarter terminal monitoring
This release round spans two product areas within MarineTraffic — Risk & Compliance and Container Intelligence — with each set...
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Drewry: World Container Index Up 12% Last Week
For many years, World Container Index (WCI) has been the go-to, independent, global reference for index-linked contracts. If your organisation...
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Energy trade flows are rerouted as the Strait of Hormuz remains mostly closed
No country has ever profited from protracted warfare,” the great Chinese military theorist known as Sun Tzu wrote around the...
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Baltic Dry Index Retreats
The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, fell about 1.4% to...
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Polish Shipping Association newest member of the International Chamber of Shipping
The International Chamber of Shipping (ICS) is pleased to announce the Polish Shipping Association joins the association as a Full...
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NYK Conducts First Onboard Measurement in Demonstration Test of Methane Oxidation Catalyst System for LNG-Fueled Marine Engines Aiming to Significantly Reduce Methane Emissions
NYK has conducted its first onboard measurement in a demonstration test of a methane oxidation1 catalyst system for marine engines...
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Successive ship repair records by DK Fotinakis strengthen optimism for the sector
DK Fotinakis is simultaneously executing over nine high-demand repair projects at Skaramangas Shipyards, including Suezmax and LR type tankers, confirming...
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bound4blue and Cryosafe Services partner to support LNG Carrier eSAIL® applications
Cryosafe Services, a leader in LNG operations and consultancy support services, has signed a partnership agreement with bound4blue to collaborate...
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IMO Maritime Safety Committee convenes in London to discuss safety and security of international shipping
IMO Secretary-General Arsenio Dominguez opened the 111th session of the Maritime Safety Committee of the International Maritime Organization today, which...
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