News Flash

Hi-5 spread widens versus last week as HSFO softens

Hi-5 spread widens versus last week as HSFO softens

Asia’s hi-5 fuel oil spread widened by over 2% week-on-week, reflecting a softer market for high sulphur fuel oil (HSFO),...
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Global growth to remain subdued in 2025 amid uncertainty, UN report warns

Global growth to remain subdued in 2025 amid uncertainty, UN report warns

The World Economic Situation and Prospects (WESP) 2025 report shows that despite withstanding a series of mutually reinforcing shocks, global...
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Baltic index rises for second day on gains in capesize vessel segment

Baltic index rises for second day on gains in capesize vessel segment

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose for a...
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AtoB@C Shipping and Yara International extend cooperation until 2033

AtoB@C Shipping and Yara International extend cooperation until 2033

AtoB@C Shipping and Yara International, the world’s leading crop nutrition company and a provider of environmental and agricultural solutions, have...
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Second US port strike averted as union, employers reach deal

Second US port strike averted as union, employers reach deal

The union representing 45,000 dock workers on the U.S. East and Gulf Coasts and their employers on Wednesday said they...
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SHI picks TMC Compressors for 15 LNG carriers

Samsung Heavy Industries (SHI) has contracted TMC Compressors (TMC) to deliver a complete marine compressed air system to 15 LNG...
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Panama tells Trump canal sovereignty is ‘non-negotiable’

Panama tells Trump canal sovereignty is ‘non-negotiable’

Panama reiterated on Tuesday that the sovereignty of its eponymous ship canal was not up for discussion after US President-elect...
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NAPA partners with Ahti Pool for FuelEU Maritime compliance

NAPA partners with Ahti Pool for FuelEU Maritime compliance

NAPA, a leading provider of maritime software and data services, has today signed a Memorandum of Understanding (MoU) with Ahti...
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Three sanctioned VLCCs likely to halt voyage to Shandong after blacklist

Three sanctioned VLCCs likely to halt voyage to Shandong after blacklist

At least three sanctioned Very Large Crude Carriers are likely to shut down their engines while en route to carry...
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HSFO down for fifth session; Singapore stocks remain high

HSFO down for fifth session; Singapore stocks remain high

Asia’s spot premium for high sulphur fuel oil (HSFO) softened for a fifth consecutive session on Thursday, while onshore residue...
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Dry Bulk Industry Pays Tribute to Outgoing INTERCARGO Chairman Dimitri Fafalios

Dry Bulk Industry Pays Tribute to Outgoing INTERCARGO Chairman Dimitri Fafalios

Leading figures across the dry bulk shipping sector have joined in paying tribute to Dimitri Fafalios, who concluded his chairmanship...
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Ocean container shipping rates may fall after deal reached to avoid port strikes on US East Coast and Gulf Coast

Ocean container shipping rates may fall after deal reached to avoid port strikes on US East Coast and Gulf Coast

This week’s highlight delves into the evolving dynamics of Capesize ballasters in the South Atlantic and the evolution of iron...
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Baltic index rises, buoyed by capesize segment

Baltic index rises, buoyed by capesize segment

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Thursday,...
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Middle East Crude-Benchmarks gain; OPEC oil output falls in December

Middle East Crude-Benchmarks gain; OPEC oil output falls in December

Middle East crude benchmarks Oman, Dubai and Murban rose on Wednesday amid firm demand from Asia, and as OPEC oil...
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US gas-fired power boom reveals key emissions payoff in 2024

US gas-fired power boom reveals key emissions payoff in 2024

For the first time, over 1 billion metric tons of carbon dioxide (CO2) was discharged from U.S. gas-fired power stations...
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Höegh & Svitzer Set New Standard For Sustainable Sea Shipping In Australia

Höegh & Svitzer Set New Standard For Sustainable Sea Shipping In Australia

Svitzer, a leading global towage provider, and Höegh Autoliners, a leading global provider of ocean transportation services in the Roll-on,...
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KPI OceanConnect, Neste and Global Energy complete first delivery of renewable diesel to the marine sector in Singapore

KPI OceanConnect, Neste and Global Energy complete first delivery of renewable diesel to the marine sector in Singapore

KPI OceanConnect, a leading global provider of marine energy solutions and Neste, the world’s largest producer of renewable diesel and...
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Inmarsat Maritime And Maritime London Establish Sea-Care Working Group To Drive Data Sharing That Can Improve Safety At Sea

Inmarsat Maritime And Maritime London Establish Sea-Care Working Group To Drive Data Sharing That Can Improve Safety At Sea

Inmarsat Maritime, a Viasat company, supported by Maritime London, have established SEA-CARE as a new working group of stakeholders from...
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Kongsberg Discovery acquires Naxys Technologies

Kongsberg Discovery acquires Naxys Technologies

Kongsberg Discovery has reached agreement to acquire Naxys Technologies AS. The Bergen-based company is a world leader in technology for...
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Finland says oil tanker linked to subsea cable damage has serious deficiencies

Finland says oil tanker linked to subsea cable damage has serious deficiencies

Finland’s public transport agency said on Wednesday that an oil tanker suspected of damaging undersea cables in the Baltic Sea...
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