News Flash

Australia’s Intermodal Terminal Company orders seven electric Konecranes RMG cranes for new Melbourne freight facility

Australia’s Intermodal Terminal Company orders seven electric Konecranes RMG cranes for new Melbourne freight facility

Intermodal Terminal Company (ITC) has ordered seven Konecranes Rail Mounted Gantry (RMG) cranes for its new Somerton terminal in north...
Read More
Shipping rates show signs of easing despite Red Sea disruption

Shipping rates show signs of easing despite Red Sea disruption

While most containerships are making detours around the conflict-affected Red Sea, experts say container freight rates, which had initially soared,...
Read More
European delivered LNG imports climb to 5.08 mil mt so far in February

European delivered LNG imports climb to 5.08 mil mt so far in February

LNG imports delivered into Europe stood at 5.08 million mt in the month to Feb. 16, around 46% of total...
Read More
EU to launch mission to protect Red Sea shipping

EU to launch mission to protect Red Sea shipping

EU foreign ministers will meet Monday in Brussels to formally launch a naval mission to help protect international shipping in...
Read More
Seafarers can refuse to sail through Red Sea as Houthis step up attacks -industry

Seafarers can refuse to sail through Red Sea as Houthis step up attacks -industry

Seafarers have the right to refuse to sail on ships passing through the Red Sea in a new industry agreement...
Read More
Prolonged US LNG permitting halt would have substantial impact on global market: Shell

Prolonged US LNG permitting halt would have substantial impact on global market: Shell

A long-term US ban on issuing new LNG export permits would have “quite an impact” on the global LNG market,...
Read More
ECB policymakers push back on hasty rate cuts even as inflation falls

ECB policymakers push back on hasty rate cuts even as inflation falls

Euro zone inflation is heading back towards the 2% target but the European Central Bank still needs more confirmation before...
Read More
Port of Long Beach Cargo Increases in January

Port of Long Beach Cargo Increases in January

Trade moving through the Port of Long Beach rose in January as retailers stocked up ahead of Lunar New Year,...
Read More
Port of Los Angeles Launches Year With Near-Record January Volume

Port of Los Angeles Launches Year With Near-Record January Volume

The Port of Los Angeles handled 855,652 Twenty-Foot Equivalent Units (TEUs) in January, the second-best start to the year on...
Read More
Iran will reciprocate if its ships are seized, official says

Iran will reciprocate if its ships are seized, official says

Iran will reciprocate if its ships are seized, the legal adviser to Iran’s President told state media on Thursday, in...
Read More
Pyxis Tankers Announces Closing of Modern Dry Bulk Vessel Acquisition & Commercial Update

Pyxis Tankers Announces Closing of Modern Dry Bulk Vessel Acquisition & Commercial Update

Pyxis Tankers Inc., an international shipping company, announced today that it has completed the acquisition of an 82,013 dwt dry...
Read More
Korea to Europe container shipping costs rose more than 70% in January

Korea to Europe container shipping costs rose more than 70% in January

Container shipping costs from Korea to Europe soared more than 70 percent last month amid escalating tensions in the Red...
Read More
Asia Fuel Oil-Spot differentials rangebound, inventories extend draw

Asia Fuel Oil-Spot differentials rangebound, inventories extend draw

Cash differentials for spot fuel oil were rangebound on Thursday, while latest data showed inventories at Singapore extended a drawdown...
Read More
Baltic index steady as weaker capesize rates counter gains in smaller vessels

Baltic index steady as weaker capesize rates counter gains in smaller vessels

The Baltic Exchange’s dry bulk sea freight index was little changed on Thursday, as gains in smaller vessel segments countered...
Read More
BIMCO calls on IMO to solve legal inconsistencies in ship recycling conventions

BIMCO calls on IMO to solve legal inconsistencies in ship recycling conventions

BIMCO, together with Bangladesh, India, Norway, Pakistan and the ICS, has submitted a paper ahead of the 81st Marine Environment...
Read More
OpenCLM 3.0 makes integration in IT landscapes even easier

OpenCLM 3.0 makes integration in IT landscapes even easier

PROSTEP has launched the new version 3.0 of its digital thread solution, OpenCLM, which can now be integrated into customers’...
Read More
EU economy greenhouse gas emissions: -7.1% in Q3 2023

EU economy greenhouse gas emissions: -7.1% in Q3 2023

In the third quarter of 2023, EU economy greenhouse gas emissions are estimated at 787 million tonnes of CO2-equivalents (CO2-eq),...
Read More
Baku Shipyard deploys SSI Ship Constructor to support and streamline complex digital workflows

Baku Shipyard deploys SSI Ship Constructor to support and streamline complex digital workflows

SSI, the leader in software, services, and expertise for the business of shipbuilding, will supply its ShipConstructor design and modeling...
Read More
JB Rae-Smith elected UK Chamber of Shipping President

JB Rae-Smith elected UK Chamber of Shipping President

Today international shipping industry veteran, JB Rae-Smith was elected as President of the UK Chamber of Shipping, taking over from...
Read More
ClassNK and Lovoy signed MOU to jointly explore enhanced safety at sea

ClassNK and Lovoy signed MOU to jointly explore enhanced safety at sea

ClassNK and Lovoy have signed a Memorandum of Understanding (MOU) to cooperate with development and implementation of more user-friendly Safety...
Read More