News Flash
China’s fuel oil imports set to slow on anticipated tax changes
China is planning a tax revamp that would raise costs for imported fuel oil, prompting independent refiners to slow purchases...
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Action on Efficiency and Wind Power Essential For Shipping Sector to Achieve Climate Goal – NGOs
Ahead of this week’s International Maritime Organization’s Intersessional Working Group on Reduction of GHG Emissions from Ships (IMO, IWSG-GHG-17, September...
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The importance of nuance in a volatile ocean container shipping market – shippers need a deeper dive into the data
Making sense of ocean container shipping volatility in 2024 is no easy task, so it may be tempting for industry...
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Baltic index hit over two-month peak on higher rates across vessels
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose to its highest...
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LME scrap volumes increase on week; rebar forward curve in contango structure
Volumes traded for the scrap futures contracts on the London Metal Exchange, which settle basis the Platts assessment, increased on...
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US fuel oil exports surge as Asian and Middle Eastern demand rises
US fuel oil exports have surged by 45% this month as demand grows in Asia and the Middle East, while...
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Decarbonisation needs collaborative ‘kick-start’
In a panel discussion called by the World Economic Forum in Gothenburg, Sweden on Monday, APM Terminals Chief Executive Officer,...
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Procureship partners with SpecTec Group to enhance fleet management capabilities for global shipowners and managers
Procureship has signed an agreement with SpecTec Group to integrate SpecTec’s AMOS Procurement and Logistics software into its award-winning e-procurement...
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FBI agents have boarded vessel managed by Synergy Marine Group whose other cargo ship collapsed Baltimore bridge
Federal agents on Saturday boarded a vessel managed by the same company as a cargo ship that caused the deadly...
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Methane abatement group adds BP, CMA CGM and GTT as global reach grows
Energy giant BP’s maritime arm BP Shipping, shipping company CMA CGM, and LNG containment technology expert GTT have joined the...
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Global consortium pioneers ammonia cargo transfer between ships at Australian port
Japan’s Mitsui O.S.K. Lines, Norway’s Yara and Singapore’s Global Centre for Maritime Decarbonisation said they had jointly completed an ammonia...
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Red Sea insurance costs soar as Houthi shipping threats loom, sources say
The cost of insuring a ship through the Red Sea has more than doubled since the start of September and...
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Lower Shipping Emissions May Lead to Higher Global Temperatures
Products that we depend on and use every day arrive by way of massive container ships to ports around the...
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Tanker Market: VLCCs Continue Firming Up
Clean LR2 LR’s in the MEG showed the optimistic beginnings of freight improvement this week after a somewhat lengthy lull....
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Asia-US container rates fall further ahead of looming dock worker strike
Rates for shipping containers from Asia to the US fell again this week, but carriers are warning customers that they...
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Hefring Marine partners with UAE’s BluePass to expand in region
UAE – Hefring Marine, a global leader in marine technology and vessel intelligence systems, has partnered with UAE-based Blue Pass...
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Seabed 2030 and Exail join forces to accelerate ocean floor mapping efforts
The Nippon Foundation-GEBCO Seabed 2030 Project is pleased to announce a new partnership with Exail, a world leader in robotics,...
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CB&I and Hanwha Ocean Receive Approval for Cargo Containment System and Ship Design for Liquid Hydrogen Carriers from DNV
CB&I, a wholly owned unrestricted subsidiary of McDermott, and Korean world-class shipbuilder Hanwha Ocean have received Approval in Principle (AiP)...
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NYK Launches a Brand “HULL NUMBER ZERO” for the Group’s Technology Solutions Integration Solving Ship Issues with Technology and Strengthening the Key Strategies of the Medium-Term Management Plan
NYK has launched its new “HULL NUMBER ZERO” (HNZ) brand to integrate the technical solutions of the NYK Group. NYK...
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GTT secures an order for the tank design for the world’s six largest ethane carriers
GTT announces that it has received, in the third quarter of 2024, an order from its partner Jiangnan Shipyard (Group)...
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Recent News
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Marine battery maker AYK Energy pioneers electrification of chemical tankers signing second contract with Spanish ship owner Mureloil
MPC Container Ships ASA Orders Six Container Ship Newbuildings With Long-Term Charters And Advances Portfolio And Financing Initiatives
Lloyd’s Register Hellenic Technical Committee welcomes new leadership from Capital Ship Management Corp CTO