News Flash
Kongsberg Maritime secures contract to equip Bibby Marine’s groundbreaking eCSOV
Kongsberg Maritime has won a major contract to supply an integrated package of equipment for Bibby Marine’s new eCSOV, the...
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Maersk and Cochin Shipyard partner to explore ship repairs and shipbuilding activities in India
Maersk (Maersk) and Cochin Shipyard Limited (CSL) today announced the signing of a Memorandum of Understanding (MoU) to explore collaboration...
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UAE’s Fujairah marine fuel sales extend monthly climb but log yearly fall in January
Marine fuel sales at the United Arab Emirates’ Fujairah, a key bunker hub in the Middle East, extended gains for...
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South Korean shipbuilders eye overseas production as domestic yards reach capacity
South Korean shipbuilders, backed by extensive orderbooks, are weighing offshore production options as domestic shipyards operate at full capacity. With...
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Asia Fuel Oil: Spot premiums extend slide, backwardation narrows
Spot premiums for fuel oil fell further on Monday, while market backwardation narrowed at the prompt months for both high...
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Shipping companies call for limits on biofuels in shipping
Shipping companies including the German shipping giant Hapag-Lloyd and a number of NGOs have called on the UN global shipping...
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UN Shipping Body Must Agree Ambitious New Action to Cut Climate-Heating Shipping Emissions
As this week’s crucial International Maritime Organization (IMO) meeting on the reduction of climate heating emissions from the shipping sector...
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Baltic index rises as all vessel segments log gains
The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, rose on...
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Twin Earthquakes Shake North India: 4.0 Magnitude Tremors Hit Delhi-NCR and Bihar
NEW DELHI: North India experienced two back-to-back earthquakes early Monday morning, first in Delhi-NCR at around 5:30 am, followed by...
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Why Europe may pursue tighter integration in a fragmenting world
The idea of seamless movement of capital across Europe’s various economies and markets – a capital markets union, in shorthand...
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Pilot project Hull Vane and TotalEnergies big success
Hull Vane and TotalEnergies conducted a pilot project by installing a Hull Vane® on one of the company’s chartered Fast...
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Successful Field Trial of the “InfraLaser” Rust and Coating Removal System on an Actual Vessel-Aiming for Environmental Load Reduction
Mitsui O.S.K. Lines, Ltd., MOL Drybulk Ltd., Furukawa Electric Co., Ltd. and TSUNEISHI SHIPBUILDING Co., Ltd. conducted a successful field...
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Port Hedland in Western Australia’s Pilbara region reopens after Tropical Cyclone Zelia
Western Australia’s Port Hedland reopened, the port’s operator said late on Saturday, after Tropical Cyclone Zelia hit the state’s iron...
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The South China Sea: Oil and Gas and an Increasingly Assertive China
The South China Sea is not only vital for global trade but also holds major oil and gas reserves that...
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Can shipping companies hold and use aviation EUA’s to satisfy their obligations under the EU ETS?
Following the extension of the EU Emissions Trading System (ETS) to maritime transport from 1 January 2024, this year will...
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Panama vessel registry says it is ‘not a haven for sanctions evasion’
Panama has made progress stripping vessels from its registry that do not meet its flag’s standards, the Central American nation’s...
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US tariff threat looms over crude and refined product flows
President Trump’s proposed tariffs on Mexican and Canadian energy imports have been delayed for now until early March, but the...
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Singapore’s downstream LSFO premiums under pressure amid soft demand
Downstream low sulfur fuel oil premiums around the world’s largest bunker hub of Singapore have come under pressure as sellers...
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Governments Expected to Agree on World’s First Levy on Shipping Emissions At Upcoming IMO Meeting
Support is growing for a global tax on shipping emissions, which is bound to be agreed upon at a key...
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Ocean Network Express Marks Significant Milestone with Naming of First Owned Newbuilding Vessel “ONE Sparkle”
Ocean Network Express (“ONE”) is pleased to announce a significant milestone in its corporate history with the naming of ONE...
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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.