News Flash
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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Asia Fuel Oil-VLSFO cracks jump; China issues third batch of export quotas
Cracks for very low sulphur fuel oil (VLSFO) gained on Friday even as spot premiums were largely rangebound, while the...
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Pertamina’s shipping unit to double tanker fleet in next 10 years
The shipping unit of Indonesia’s state energy firm Pertamina plans to double its fleet of 320 tankers in the next...
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Action needed to meet growing demand for sustainable fuels on Rotterdam-Singapore shipping corridor
As the maritime industry accelerates efforts to decarbonise, the Rotterdam-Singapore Green and Digital Shipping Corridor (GDSC) is set to play...
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Port strike on US East Coast would spark supply-chain glitches from outset, shipping firm exec says
A threatened Oct. 1 strike by dockworkers at ports on the U.S. East Coast and Gulf of Mexico would immediately...
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Baltic index headed for weekly gain on panamax strength
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, was on its way...
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Indian refiners jointly negotiating for 2025 Russian oil supplies, govt source says
Indian refiners are jointly negotiating to purchase Russian oil for next year, a government source said on Thursday, with suppliers...
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CBAM in current form has no benefit for European stainless steel industry: CEOs
The European carbon border adjustment mechanism (CBAM) in its current form will not benefit the European stainless steel industry, a...
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ABS Approves IMODCO’s New Energy Terminals for Offshore Ammonia Transfers
Representatives from ABS and IMODCO Terminals SA, a division of SBM Offshore, met at Gastech 2024 where ABS issued approvals...
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Asia Fuel Oil-Market steady to softer; Kuwait offers more HSFO for October
Asia’s fuel oil market was steady to softer on Thursday, with spot premiums for 0.5% low sulphur fuel oil (VLSFO)...
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Russia’s August seaborne oil product exports down 2.3% m/m, Reuters calculations show
Russia’s seaborne oil product exports in August fell to 9.074 million metric tons, down 2.3% month on month, data from...
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Argentina grains ships load less cargo as river levels hit near-record lows
Huge grains ships loading up with soy and corn at Argentina’s major inland river ports around Rosario are taking on...
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NYK and Oono Development Sign MoU to Commercialize Ship Recycling Business
Nippon Yusen Kabushiki Kaisha (“NYK”) and Oono Development Co.,Ltd. (“Oono Development”) have agreed to jointly study the commercialization of ship...
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