News Flash
X-Press Feeders Expands Europe’s First Green Methanol-Powered Feeder Network with the Launch of Green Baltic X-PRESS
Rotterdam, Netherlands, 23 August 2024-X-Press Feeders, the world's largest independent common carrier, today announced the launch of its second green...
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Powerful wave of wind propulsion set to crash over the bow of SMM 2024
The presence of wind-powered shipping will be more prevalent than ever before at the upcoming SMM trade fair in Hamburg,...
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Snapshot of Crude and Product Freight Rates, Supply-Demand
This week's special focus is on the dirty oil flows from Arabian Gulf origin countries to all destinations, particularly in...
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NYK Completes World’s First Commercial-Use Ammonia-Fueled Vessel The tugboat will operate in Tokyo Bay
On August 23. the ammonia-fueled tugboat Sakigake was completed by NYK and IHI Power Systems Co., Ltd. (IHI Power Systems)...
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Kongsberg Gruppen: Maritime to access Eutelsat OneWeb high-speed connectivity for an autonomous shipping connectivity trial, supported by Telenor Maritime
Kongsberg Maritime is to begin a trial of Eutelsat OneWeb's low Earth orbit (LEO) satellite internet service on an autonomous...
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Baltic index snaps 4-day winning streak as panamax rates slip
The Baltic Exchange's dry bulk sea freight index BADI, which tracks rates for ships carrying dry bulk commodities, declined on...
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AD Ports Group Leveraging Digitalization And Big Data For Smart Port Operations
Competition for shipping container traffic is intensifying as new trade agreements and alliances, geopolitical strife, supply chain constraints, and the...
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Dry Freight Container Production Surpasses Earlier All Time High
Drewry expects 2024 to be the second-highest year on record for dry freight container manufacturing. This is driven by the...
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TT Warns Container Seals Are Being Ignored To The Detriment Of Cargo Security
Loss due to theft is among the top three causes of claims received annually by the international freight and logistics...
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Gearbulk Expands Its Newbuilding Program And Orders Two Additional Pulpmax Vessels
Gearbulk has signed contracts for delivery of two additional ammonia/methanol conversion ready 82,300 dwt Open Hatch newbuildings. These units will...
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How Inventory Management Got Back On The Shipping Industry Agenda
Global shipping markets are booming as a combination of market drivers and geopolitics conspires to push the maritime industry to...
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Full Steam Ahead: The Changing Outlook For Global Marine Fuels To 2050
Global maritime trade is set to grow by more than 40% by mid-century. With global maritime trade set to grow...
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Oil Tanker Sounion ‘Poses Environmental Risk’ After Red Sea Attack
A Greek-flagged oil tanker carrying 150,000 tonnes of crude that was evacuated by its crew after being attacked in the...
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Kongsberg Maritime Expands Rim Drive Azimuth Thruster Range With New RD-AZ-2300
Kongsberg Maritime, a world leader in maritime technology, today announced the launch of its new Rim-drive Azimuth Thruster, the RD-AZ-2300....
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Asian LSFO Refining Margin Soars To Near 5-Month High, Market Structure Strengthens
Asia's Low Sulfur Fuel Oil Refining margins surged to its highest level in nearly five months, while the market structure...
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Baltic Index Hits Near Four-Week High As Capesize Rates Jump
The Baltic Exchange's dry bulk sea freight index, BADI, which tracks rates for ships carrying dry bulk commodities, rose to...
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Ukraine grain exports jump to 6 mln T so far 2024/25, says ministry
Ukraine's grain exports in the 2024/25 July-June season had reached 6 million metric tons as of Aug. 21, up from...
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Singapore gasoil swap crack hits near 3- month low as regional stocks remain long
The Singapore ultra low sulfur gasoil front month swap crack against front month Dubai swap was at its weakest in...
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Kongsberg Maritime completes testing of cyber security for range of digital products
Kongsberg Maritime has achieved a significant milestone for the cyber security of its products with the completion of testing to...
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Kumport Terminal Istanbul implements Portchain Connect to simplify the berth alignment process with shipping lines
Portchain today announced Kumport Terminal Istanbul will join the Portchain Connect network. Kumport Terminal Istanbul will use Portchain Connect to...
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Recent News
Trade growth slump on near horizon
Expansion of Dangote’s refinery capacity to reshape Atlantic basin flows
Delays for oil tankers in Turkish straits jump to 12 days on weather, security risks
Middle East bunker activity mixed in November
EIA forecasts U.S. crude oil production will decrease slightly in 2026