News Flash

Baltic dry bulk freight index falls to lowest in over a week

Baltic dry bulk freight index falls to lowest in over a week

The Baltic Exchange’s dry bulk freight index dropped on Friday, reaching its lowest point since September 3 as weaker rates...
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Fresh momentum for Net-Zero Framework gains

Fresh momentum for Net-Zero Framework gains

The International Maritime Organisation’s 22nd Intersessional Working Group on Reduction of GHG Emissions from Ships (ISWG-GHG 22) closed in London...
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Tanker Market: Rates on the Rise During August

Tanker Market: Rates on the Rise During August

The tanker market rose during August, OPEC said in its latest monthly report. Dirty tanker spot freight rates were stronger...
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Virgin Islands Maritime Administration Puts a Senior Contact at the Centre of World Shipping

Virgin Islands Maritime Administration Puts a Senior Contact at the Centre of World Shipping

The Virgin Islands Shipping and Maritime Authority (VISMA) has appointed Georgios Bazos as its first Business Development Manager. The appointment...
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IEA: Intensifying diesel squeeze reflects disruptions to oil product supplies

IEA: Intensifying diesel squeeze reflects disruptions to oil product supplies

World oil demand is forecast to decline by 2.5 mb/d in 2026, 940 kb/d steeper than in last month’s Report,...
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Coal Hovers at 3-Month High

Coal Hovers at 3-Month High

Coal prices rose above $145 a ton, hovering near a three-month high, as the International Energy Agency warned that global...
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ABB and Oceanly collaborate on integrated vessel optimization

ABB and Oceanly collaborate on integrated vessel optimization

Oceanly, a maritime technology company providing vessel performance, data management and fleet optimization solutions and ABB, a global technology leader...
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Fujairah fuel oil inventories hit highest level since March

Fujairah fuel oil inventories hit highest level since March

Fujairah’s fuel oil stocks have averaged 43% higher in the first week of September than across August, Fujairah Oil Industry...
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Getting to Zero Coalition calls on IMO Member States to secure an investable Net-Zero Framework

Getting to Zero Coalition calls on IMO Member States to secure an investable Net-Zero Framework

The Getting to Zero Coalition welcomes continued efforts to find common ground on a global framework for shipping’s energy transition,...
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Shipping capacity is returning to Red Sea while rates from China to Jeddah and Khor al Fakkan break Covid-19 records

Shipping capacity is returning to Red Sea while rates from China to Jeddah and Khor al Fakkan break Covid-19 records

“The wider Middle East conflict has impacted two major ocean shipping waterways – the Red Sea and the Strait of...
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Brent crude firmly above $100/bbl as US-Iran attacks in Mideast escalate

Brent crude firmly above $100/bbl as US-Iran attacks in Mideast escalate

Oil prices extended gains in early trade on Thursday, with Brent crude edging toward $102/barrel, as escalating hostilities between the...
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Baltic Dry Index Breaks 2-Day Advance

Baltic Dry Index Breaks 2-Day Advance

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, snapped a two-day winning...
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Global coal demand set to increase this year amid Middle East conflict

Global coal demand set to increase this year amid Middle East conflict

Energy market disruptions caused by the conflict in the Middle East are pushing global coal demand higher this year as...
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Trump says oil and gas prices won’t fall until ‘right after’ midterm election

Trump says oil and gas prices won’t fall until ‘right after’ midterm election

President Donald Trump on Wednesday said energy prices that have been elevated due to the Iran war will not come...
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World’s first LNG Carrier Equipped with Wind Challenger- Scheduled for Delivery Under a Long-Term Charter to Chevron in Late September

World’s first LNG Carrier Equipped with Wind Challenger- Scheduled for Delivery Under a Long-Term Charter to Chevron in Late September

Mitsui O.S.K. Lines, Ltd. announced that it held a naming ceremony on September 10, 2026, at Hanwha Ocean Co., Ltd.’s...
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Dry Bulk Market Enjoying Best Period in Five Years

Dry Bulk Market Enjoying Best Period in Five Years

The dry bulk market has seen a healthy rally to the best levels of the past five years. In its...
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EIA raises oil price forecasts as Middle East supply drops

EIA raises oil price forecasts as Middle East supply drops

The U.S. Energy Information Administration raised its oil price forecasts for 2026 and 2027 on Wednesday, citing rapidly falling global...
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Former Q88 executives launch new compliance platform Vessel Fact

Former Q88 executives launch new compliance platform Vessel Fact

Former executives of Q88 have launched Vessel Fact, a maritime compliance and vessel data platform built on a single trusted...
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Strikes Threaten Korea’s Shipbuilding and Steel Boom

Strikes Threaten Korea’s Shipbuilding and Steel Boom

Strike action is spreading across South Korea’s shipbuilding and steel industries, key pillars of the country’s manufacturing sector. Despite a...
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Panama Canal Restrictions Are Landing on an Already Broken Chokepoint Map

Panama Canal Restrictions Are Landing on an Already Broken Chokepoint Map

The Panama Canal Authority will run nine daily slots at the Neopanamax locks and 25 at the Panamax locks from...
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