News Flash
Asian LNG spot prices at 10-week low amid comfortable storage
Asian spot liquefied natural gas (LNG) prices fell further this week to its lowest level in 10 weeks, tracking Europe’s...
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Russian, Iranian oil supply to China rebounds as new vessels cash in on the trade
China’s imports of Russian Far East crude and Iranian oil are set to rebound in March as non-sanctioned tankers, drawn...
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Petrobras to commission four more ships, upping orders to 48 by 2026
Brazilian state-run oil firm Petrobras will commission four more support vessels by 2026, Chief Executive Magda Chambriard told Reuters, increasing...
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What is liquefied natural gas, and why is it so important?
Key takeaways • Liquefied natural gas (LNG) is natural gas that has been cooled to a liquid state, which reduces...
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Saudi Arabia may lower April oil prices for Asia
Top oil exporter Saudi Arabia may slightly cut its crude prices for Asian buyers in April, tracking the marginal decline...
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US oil and gas production hit record high in December, says EIA
U.S. crude oil and natural gas output set records in December, and oil demand touched multi-month highs, the U.S. Energy...
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Shipbreaking’s long voyage into the 21st century is just beginning
In 2000, a brand-new ship called Onoe left the shipyard of Japanese steelmaker NKK. It was a bulk carrier—low, flat,...
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How the IMO can construct a bridge to a zero-emission future
As negotiators gather at the intercessional working group of the IMO’s Marine Environment Protection Committee next week in London, they...
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More than EUR 300 million for Klaipėda Port infrastructure to strengthen the country’s economy and energy security
Klaipėda Port Authority is steadfastly moving forward with the implementation of the Port’s vision to become an innovative hub for...
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WiseTech Global and IQAX Enhances De Well Group’s Freight Forwarding Efficiency Through eBL Integration with CargoWise over GSBN
Global Shipping Business Network (GSBN), a neutral, not-for-profit consortium enabling paperless, accessible and sustainable growth in global trade with its...
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Valmet receives an automation order for two cable-laying vessels powered by methanol for Jan De Nul in China
Valmet has received an order for a marine methanol fuel automation control system for two cable-laying vessels from a value-added...
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Pacific Basin Confident About Dry Bulk Market’s Long Term Prospects
Pacific Basin Shipping Limited, one of the world’s leading dry bulk shipping companies, Friday announced the results of the...
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ST Engineering Marine Ltd., Singapore, selects Kongsberg Maritime design and equipment for new walk-to-work OSV
Kongsberg Maritime will supply the design and integrated equipment package for a new walk-to-work offshore service vessel (OSV), to be...
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ENGINE: Americas Fuel Availability Outlook
Bunker fuel availability across all grades has improved in Houston this week, with recommended lead times of less than seven...
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Blue waters, green vessels: Three ways ING is helping shipping to become more sustainable
The shipping industry, responsible for transporting over 80% of the world’s traded goods, faces significant challenges in reducing its carbon...
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CMA CGM Group: Higher Tariffs Announced In The United States Could Have An Impact On Trade
Commenting on the results for the year, Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, said:...
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Significant increase in biofuel usage to meet GHG reduction targets
The latest FOBAS Fuel Insight Report highlights rising biofuel uptake, ongoing issues with off-specification fuels and the impact of new...
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US Sanctions on China-built Ships Would Be a Major “Headache” for the Maritime Industry
Almost half of the world’s trading dry bulk fleet was built in China, while an additional 66.4% of the orderbook...
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Hoppe Marine and Smart Ship Hub successfully upgrades German fleet with complete range of digital services
Digital equipment provider for vessels Hoppe Marine has integrated its flow meters and MAIHAK shaft power meters with Smart Ship...
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CIBC Innovation Banking provides $20 million funding package to maritime tech consolidator ZeroNorth
CIBC Innovation Banking yesterday announced that it has provided a $20 million USD debt financing to ZeroNorth, a technology company...
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Recent News
Congress passes sanctions, tariff bill targeting buyers of Russian energy.
Iran, Oman close to agreement on shipping corridor in Strait of Hormuz.
Baltic Dry Index Up for 2nd Day.
International Chamber of Shipping addresses UN Security Council on maritime security and freedom of navigation.
The Week in Alt Fuels: From promises to timelines.