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Asia-US container rates tick lower; shippers frontloading cargoes on tariff pause
Rates for shipping containers from Asia to the US ticked lower this week, although they could see upward pressure from...
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NCB Seizes ₹100 Crore Worth of Cocaine in Mumbai, Busts International Drug Syndicate
NEW DELHI: In a major crackdown on drug trafficking, the Narcotics Control Bureau (NCB) has seized high-grade cocaine worth over...
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GTT, COSCO Shipping LNG Investment Co., LTD. and COSCO Shipping Heavy Industry Co., LTD. sign a strategic cooperation agreement
GTT, COSCO Shipping LNG Investment (Shanghai) Co., LTD. (CSLNG) and COSCO Shipping Heavy Industry Co., LTD. (CHI), have signed a...
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Singapore fuel oil stockpiles at two-week highs
Singapore onshore fuel oil stockpiles logged their highest volumes in two weeks, although levels dipped below the average, official data...
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Erma First Group Joins Green Marine To Strengthen Environmental Commitment In North America And Europe
ERMA FIRST GROUP, a global leader in sustainable maritime technologies, is proud to announce its official membership in Green Marine,...
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Vessel shortage to buoy offshore & marine companies, but analysts warn of upcoming risks
Local offshore and marine (O&M) companies are well-positioned to ride continued demand for their services in 2025, with activity in...
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Oil executives call for cautious return to Red Sea navigation
Oil executives called for a return to navigation through the Red Sea en route to the Suez Canal following a...
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HSFO cracks trade into premiums for first time in over five years
Singapore’s high-sulphur fuel oil (HSFO) margin flipped from a discount to premium on Friday, extending gains from the previous day...
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LNG freight rates sink; tri-fuel diesel-electric charters offer ‘no advantage’ over two-strokes
LNG freight rates in the Atlantic and Pacific basins have continued to fall as tri-fuel diesel-electric charters have lost their...
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Shipping organisations increasingly concerned about seafarer safety
The chairpersons of the world’s biggest shipping industry organisations gathered on 6 February in Athens to discuss topics including greenhouse...
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Baltic index logs first weekly gain in five weeks
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose supported by...
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Shore leave and Crew changes in Indian ports update
NEW DELHI: Had a very fruitful meeting today at MHA., chaired by Shri Anil Malik, Addl Secretary (Foreigners) with officials...
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Windward Launches Critical Maritime Infrastructure Protection, an AI Solution to Detect and Counter Threats to the World’s Essential Infrastructure
Windward, the leading Maritime AI™ company, today announced the launch of its Critical Maritime Infrastructure Protection solution, a first-of-its-kind AI-powered...
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HD Hyundai boosts operating profit 47% in 2024 driven by shipbuilding and energy
HD Hyundai announced on the 6th that its operating profit for 2024 is estimated to be around 3 trillion won,...
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Facilitating free trade remains top of IUMI’s agenda
At a meeting of the International Union of Marine Insurance (IUMI) executive earlier this week, it was made clear that...
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China’s retaliatory tariffs on crude likely to push US exports lower in 2025
China’s retaliatory tariffs on the United States may cause U.S. oil exports to decline in 2025 for the first time...
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IKEA Leads on Green Shipping, But More Action Needed for Zero-Emission Ships
Pacific Environment’s Ship It Zero coalition commends IKEA for continuing to prioritize maritime shipping decarbonization, as reflected in the company’s...
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Panama lawsuit requests axing Hong Kong firm’s canal concession
Two Panamanian lawyers filed a complaint this week to cancel the concession of a Hong Kong-based company for operating two...
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HSFO cracks hold strength but spot premiums dip
Refining cracks for high-sulphur fuel oil (HSFO) retained its recent strength on Thursday, though spot premiums showed signs of easing....
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Russian ESPO Blend oil freight rates fall as tanker availability improves, traders say
Freight rates for ESPO Blend crude shipped from the Russian port of Kozmino to China have fallen 50% in early...
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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.