News Flash
US crude stockpiles fall as refining continues to rise, EIA says
U.S. crude oil inventories fell last week as refiners continued to ramp up production, while gasoline and distillate stockpiles also...
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ClassNK Releases Benchmark Tank Test Data For Direct Load Analysis Programs Supporting The Development And Introduction Of New Vessel Types, Including Ultra-Large Container Ships
ClassNK has released benchmark tank test data that can be used as validation data for ‘direct load analysis programs’ to...
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Direct Ocean Capture tech-based carbon removal credits offtake agreement and strategic partnership with Captura Corp.
Mitsui O.S.K. Lines, Ltd. and Captura Corp., on Monday, March 24, have become the first company to sign a large-volume...
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Tankers with crude oil, gasoline arrive at Syria’s Baniyas: State media
Two tankers, one carrying 100,000 metric tons of crude oil and another carrying 5,600 tons of gasoline have arrived at...
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Russian oil freight rates from Baltic ports to India ease as more Western shipowners return
Freight rates for Russian oil supplies from its Baltic ports to India are declining from recent record highs amid an...
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CMB.TECH and MOL sign landmark agreement for nine ammonia-powered vessels
CMB.TECH NV is pleased to announce that it has signed an agreement with Mitsui O.S.K. Lines, Ltd. (“MOL”) and MOL...
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Lloyd’s Register expands advisory services to meet maritime industry’s evolving needs
This week, at Singapore Shipping Week, Lloyd’s Register (LR) will unveil its newly structured LR Advisory service, designed to help...
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HSFO cash premiums down for eighth straight session
Asia’s high sulphur fuel oil cash differentials remained week on Monday as oversupply concerns persisted. Singapore’s 380-cst HSFO cash premium...
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China’s Container Crisis: Falling Rates and Cooling Demand Concern Traders & Lessors
China’s container logistics businesses face mounting pressure as declining container prices and leasing rates caused by weak cargo demand strain...
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MEPC 83: “The Only Way To Drive Innovation In The Shipping Industry Is A Global Framework”
With the historical decision to be made at the upcoming 83rd meeting of the Marine Environment Protection Committee (MEPC 83)...
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Iranian oil tankers using forged Iraqi documents, Iraqi oil minister says
Iraq’s oil minister Hayan Abdel-Ghani has said Iranian oil tankers seized by U.S. forces in the Gulf were using forged...
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World’s 10 biggest public shipping companies top all time high profits of US$300bn in five years – but pay less than half average tax rate
New figures, released today from climate change NGO Opportunity Green in its latest report Global shipping: mega profits, micro taxes,...
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Trump’s fees on Chinese ships will hurt US companies, maritime executives to tell hearing
President Donald Trump’s plan to revitalize the U.S. shipbuilding industry is likely to backfire because it relies on proposed fees...
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Methanol holds edge over ammonia as green marine fuel alternative in near term: Proman
Ship owners are increasingly favoring methanol over ammonia as a marine fuel alternative despite both offering significant emissions reduction potential,...
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Rising rates across all segments push Baltic index to one-week peak
The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, rose to a...
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EU ban on Russian LNG transshipment could disrupt winter supplies to China
The upcoming EU ban on the transshipment of Russian LNG at EU ports could disrupt winter supplies from the Yamal...
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Seaspan expands AI adoption with 100 more ships equipped with Orca AI for enhanced safety and efficiency
Orca AI, a leader in maritime technology, celebrates a major milestone as Seaspan Corporation, a global containership powerhouse, integrates its...
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Xmar Achieves Major Milestone: 100,000 Metric Tonnes of Bunker Fuel Traded in Less Than Six Months
Xmar, the fast-growing digital bunker trading platform, has marked a major milestone in its rapid development. In less than six...
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IACS Publishes New Recommendation on 3D Printing for Marine and Offshore Applications
The International Association of Classification Societies (IACS) has published a new recommendation, Rec.186, that meets the need for a standardised...
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Lloyd’s Register expands advisory services to meet maritime industry’s evolving needs
This week, at Singapore Shipping Week, Lloyd’s Register (LR) will unveil its newly structured LR Advisory service, designed to help...
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Recent News
CIMC Raffles Signs Shipbuilding Contract for Next-Generation Deepwater Offshore Installation Vessel
Maritime industry warned battery fire awareness must catch up with rapidly changing onboard risks, according to Stream Marine Technical
Pacific International Lines Accelerates Fleet Renewal with Twin Naming of 13K TEU LNG Dual-Fuel Vessels
Santos commences continuous production operations at Pikka Phase 1 oil project
Dorian LPG Ltd. Announces VLGC Newbuilding Contract, Forward Chartering Estimates and Memorandums of Agreement to Sell Three VLGCs