News Flash
Russia Oil Trade to China, India Stalls as Sanctions Drive up Shipping Costs
Trade for March-loading Russian oil in top buyer Asia has stalled as a wide price gap between buyers and sellers...
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WAF VLCC tanker rates slide as sanctions-driven sentiment boost proves fleeting
Freight rates for Very Large Crude Carrier voyages loading in West Africa have slumped in the final decade of January...
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Baltic index hits near two-year low on weaker rates across vessel segments
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, extended its losses...
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Family of Four Returning from Prayagraj Killed in Lucknow-Agra Expressway Crash
AGRA: A Delhi-based lawyer and his family were tragically killed in a car crash on the Lucknow-Agra Expressway under Fatehabad...
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Trump Praises India’s Stance on Repatriating Illegal Immigrants After Call with PM Modi
U.S. President Donald Trump on Tuesday expressed confidence that India would take appropriate action regarding the repatriation of illegal immigrants...
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Bureau Veritas Supports Final Delivery of CIMC SOE’s Third Advanced 7,600m³ LNG Bunkering Vessel
Bureau Veritas Marine & Offshore (BV), a global leader in testing, inspection, and certification, is pleased to announce the successful...
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Seacon Shipping Group has three major milestones in three days
At the beginning of the new year, Seacon Shipping Group has achieved a remarkable milestone within three days. Successful Launch...
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NYK Positions Carbon Dioxide Removal (CDR) as Measure to Reduce Scope 1 Emissions
On 27 Jan, the NYK Group issued a position paper positioning carbon dioxide removal1 (“CDR”) as a means to reduce...
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Germany: Promoting Liquefied Natural Gas (LNG) as alternative fuel for ships
Germany’s maritime sector has asked the feral government to implement specific measures in an effort to introduce liquefied natural gas...
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Container xChange Launches Free Leasing Marketplace: Global Access to Partners and Transparent Pricing for All
Container xChange, a leading global platform for container trading and leasing, has introduced free access to its One-Way leasing network....
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VLSFO extends slide; HSFO holds steady
Asia’s spot premium for very low sulphur fuel oil (VLSFO) extended declines on Monday, while high sulphur fuel oil (HSFO)...
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China dominates global shipbuilding in 2024, capturing 71% of orders
Chinese shipyards captured 71% of global shipbuilding orders in 2024, with seven of the top 10 shipbuilders by order volume...
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LNG ships explore lay up as freight earnings turn negative on record-low prices
Asia-Pacific LNG freight day rates for tri-fuel diesel electric, or TFDE carriers have slipped below 10,000/day to historic lows, and...
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FuelEU regulatory update: Exempted ports, routes and islands
FuelEU Maritime permits certain exemptions, which are valid until no later than 31 December 2029. Article 2 (points 3 to...
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Baltic index down to near two-year low on weaker vessel rates
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, dropped to a...
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GSB Tankers and Asahi Tanker formed a JV for expansion in Asia
GSB Tankers and Asahi Tanker have jointly established the Asia Chemical Tanker Alliance (ACTA) to manage the operation and commercial...
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Yemen bolsters port security capacity amid ongoing maritime threats
A national training focused on enhancing port facility security was completed in Aden, Yemen (14-16 January), as part of the...
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Port operator DP World weighs $1bln investment in Peru, says government
DP World is interested in investing more than $1 billion to expand port infrastructure in Peru, the country’s government said...
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From steel to sea: A shipbuilding from A to Z
Ever wondered how ships come to life? Long before the ceremonial champagne bottle shatters and a ship receives its official...
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Asia looks to US LNG ramp-up after Trump order to unleash energy supply
Asia’s key LNG importers are looking to a boost in US LNG production in the coming years, following a turnaround...
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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.