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Capital Group and FORCE Technology Collaborate to Launch Europe’s First Extended Reality Bridge Simulator
Capital Group and FORCE Technology are proud to announce their partnership in creating Europe’s first Extended Reality (XR) Full Mission...
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Return of container ships to Red Sea will bring chaos and collapsing freight rates – 5 key questions facing shippers
Agreement between Israel and Hamas to pause conflict has raised hopes over the prospect of ocean container ships returning to...
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Study On Ship Sliming May Enable Reduced Costs And Emissions In Ocean Transport
Slime build-up is a costly drag on fuel efficiency for ocean-going cargo ships, leading to more emissions and, eventually, higher...
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US sanctions impact on VLCC tanker market may be short-lived
The sharp rise in Very Large Crude Carrier rates from the Persian Gulf to Asia following new US sanctions may...
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Baltic index at over 1-year low as rates decline across segments
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for a...
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Marcura Expands Digital Solution Suite with Acquisition of VesselMan
Marcura, global leader in digital maritime solutions, has announced the strategic acquisition of VesselMan, a prominent provider of technology solutions...
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COSCO Pilots Safe Transportation with Longxing Chemical over GSBN
Global Shipping Business Network (GSBN), a neutral, not-for-profit consortium enabling paperless, accessible and sustainable global trade with its data infrastructure...
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Navig8 Commences Commercial Management of 20 ADNOC L&S Tanker Vessels
Navig8 is pleased to announce that it has commenced the commercial management of the ADNOC L&S tanker fleet, comprising 20...
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MOL, Marubeni Establish a New Company Venture in the Nature-based Carbon Removal Credit Business to -Open the Way to a Sustainable Future Through the Power of People and Forests
Mitsui O.S.K. Lines, Ltd. and Marubeni Corporation announced today that the two companies have entered into a shareholders agreement to...
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South Korea’s Shipbuilding Giants Achieve Milestone Profits Amid Industry Boom
South Korea’s top three shipbuilders are expected to report collective annual profits for 2024, marking the first time in 13...
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China’s shipbuilding remains robust but growing capacity weighs on steel plate market
China’s shipbuilding remained robust in 2024, and is likely to maintain strong growth momentum in 2025, which would benefit the...
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Asia Fuel: Premiums rise on uncertainty around Feb supply
Spot premiums for fuel oil rose on Monday, supported by supply uncertainty in February as some industry sources expect logistical...
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Maritime efficiency critical as industry faces new IMO environmental measures
Efficiency measures must be applied to the existing fleet to meet IMO Mid-Term GHG reduction measures, says a new publication...
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China torments and titillates seaborne coal market
China imported a record amount of coal in 2024, driving world imports of the fuel to an all-time high. So...
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Baltic index falls to 19-month low on weaker vessel rates
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, hit its lowest...
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Asia-US container rates fall as carriers seek to boost demand during LNY lull
Rates for shipping containers from east Asia and China to the US edged lower this week as carriers have reduced...
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Global diesel prices spike as US hits Russia with new sanctions
Global diesel prices and refining margins spiked following the latest round of U.S. sanctions on Russia’s oil trade on expectations...
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Angolan loadings to rise in March
Angolan crude loadings are expected to rise in March while differentials continued to find support on Thursday from new U.S....
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OPEC’s share in India’s annual oil imports rises after 8-year drop
OPEC’s share in India’s crude oil imports edged up in 2024, rising for the first time in nine years, while...
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Cyprus’ role in global shipping discussed at Athens conference
The 17th International Shipping Conference took place in Athens this week, with the central theme being the bridging of the...
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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.