News Flash
Kongsberg Maritime Introduces First Underwater Mountable Thruster with Permanent Magnet Motor, Boosting Responsiveness and Efficiency
Kongsberg Maritime has introduced a new size of underwater mountable azimuth thruster with a 3.7 metre propeller and 4.2-Megawatt power...
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ICS Publications announces the launch of the Global Health Emergency Guide, First Edition
International Chamber of Shipping (ICS) Publications is proud to announce the launch of the ‘Global Health Emergency Guide: Helping Shipping...
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HD Hyundai, Hanwha, Samsung face intensifying disputes with shipyard workers
Labor-management conflict at domestic shipyards has been heightened, as unionized workers call for higher salaries and improved welfare benefits amid...
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Asia Fuel Oil-VLSFO retains downside on ample supply pool
Asia’s Very Low Sulphur Fuel Oil (VLSFO) market softened on Monday amid expectations of ample supply in July, while firmer...
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Baltic index hits near 2-month high as capesize rates gain
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, hit its highest level...
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Asia spot prices buoyed by hot summer weather forecasts
Asian spot Liquefied Natural Gas (LNG) prices held steady this week as forecasts of higher temperatures during the summer months...
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Sustainability initiatives go global, Go Green
APM Terminals colleagues from our locations in Ghana to Brazil, Georgia to India, and the Netherlands to the United States,...
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Is Lloyds Open Form on ‘life support’?
On 1st June 2024, Lloyd’s Salvage Branch published a rebranded Lloyds Open Form (LOF) 2024. In summary, the changes provide...
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Wilhelmsen Port Services Revolutionizes Port Call Payments with Innovative Financing Model
“With the introduction of our Port Cost Financing model, we are not only responding to the needs of our customers...
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India steel, trade ministries in talks over rising Chinese imports, says source
India’s steel and trade ministries are in talks over rising imports, particularly cheap Chinese goods, a government source with direct...
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Vessel and crew safe after incident southwest of Yemen’s Al Mukha, UKMTO says
The United Kingdom Maritime Trade Operations (UKMTO) said on Sunday it had received a report of an incident 13 nautical...
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Russia will start gas exports to China from Far East in 2027
Russia’s Gazprom will start annual pipeline gas exports to China of 10 billion cubic metres (bcm) in 2027, its boss...
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Shipping supply chains and global conflicts
Global shipping supply chains are facing significant disruptions due to the ongoing conflict in Gaza, attacks on ships by Houthi...
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Drewry: LNG Shipping Equity Index Up 26.4% So Far in 2024
The Drewry LNG Shipping Equity Index increased 26.4% YTD (as of 27th June 2024), outperforming the S&P 500, which was...
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Dry Bulk Market: Capesize Index Rises Higher
The Capesize market experienced an eventful week despite starting off quietly, with the BCI 5TC dropping by $409 to $25,650...
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Baltic index logs monthly gain on strong capesize demand
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose on Friday to...
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Asia Fuel Oil-VLSFO market pares gains; bunker premiums hold soft
demand for marine fuel, while bunker premiums remained under pressure, trade sources said. The cargo premium for VLSFO had rebounded...
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ClassNK grants its first software security certifications for Solverminds’ ship management solutions
ClassNK has granted its first software security certifications to ship management solution ‘MACK’, developed by SVM Solutions and Technologies Pte....
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Solving shipping’s challenges through trust in technology
When it comes to regulations that protect the marine environment, things are only heading in one direction: towards more stringent...
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Steamship Mutual Releases 2024 Management Highlights: Key Financials, Statistics, and Strategic Initiatives
The Management Highlights report provides a comprehensive overview of the Club’s key statistics and financial figures, featuring detailed insights into...
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