News Flash
German foreign minister warns of Russian ‘shadow fleet’
Multiple recent incidents involving undersea cables in the Baltic Sea were unlikely to be a coincidence, Annalena Baerbock said. She...
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LNG shipping stocks: Modest gains despite low trading activity
Last week, the UP World LNG Shipping Index (UPI) outpaced the S&P 500, gaining 2.46% as the broader market rose...
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Asia Fuel Oil: Window activity thin; cautiousness on fundamentals remain
Asia’s fuel oil markets began the week with slow trading momentum, with traders remaining cautious on forward demand-supply fundamentals and...
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Western Marine bounces back, set to export 8 ships to UAE
After a four-year hiatus in exports, Western Marine Shipyard, one of the country’s leading shipbuilders, is set to export at...
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MOL Introduces Special Incentive Program for Employee Shareholding Plan-Aims to Enhance Engagement of Group Employees and Strengthen ‘Human Capital Management’
Mitsui O.S.K. Lines, Ltd. announced that it has decided to introduce a special incentive program to provide group employees with...
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India’s top maritime figures visit South Korea’s big three shipyards
A high-level Indian delegation visited HD Hyundai Heavy Industries (HD HHI)’ shipyard in Ulsan, South Korea, on Dec. 3, marking...
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Norwegian shipping firm denies Moscow’s claim it refused to help sinking Russian ship
A Norwegian shipping company on Friday rejected an accusation from Dmitry Medvedev, deputy chairman of Russia’s Security Council, that it...
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Korean shipping companies seek government support amid Trump tariff fears
Concerns are growing that global maritime traffic will decrease due to tariff barriers and heightened protectionism based on America First...
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Samsung Heavy Industries is speeding up orders centered on high value-added ships
Samsung Heavy Industries is a super-sized ethanol carrier (VLEC) worth 742.2 billion won with ship owners in Asia. It announced...
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Maritime law has to be changed to protect undersea infrastructure, Estonia says
Centuries-old international maritime law has to be updated to outlaw damage to undersea infrastructure such as cables and pipelines, the...
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Houthi attack hits container ship in Arabian Sea
Yemen’s Houthi rebels claimed a drone attack on a Maersk container ship in the Arabian Sea on Dec. 27, stoking...
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Strength in numbers – why maritime cyber security is a team sport
A ship-to-shore data connection seems to have been compromised. Do you pull the plug right away or wait for more...
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Energy efficiency compliance after alterations or conversions
The EEXI requirement came into effect on 1 January 2023, and all affected ships should now comply. To maintain compliance,...
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Samsung Heavy Industries secures $508M shipbuilding deal
Samsung Heavy Industries secured a 724 billion won ($508 million) deal to build two very large ethane carriers for an...
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Shipping firms expect profits despite declining freight rates and rising dollar in South Korea
The shipping industry is expected to report solid profits despite deteriorating market conditions due to the rise in the won-dollar...
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Russian ship that sank off Spanish coast was blown up in ‘act of terrorism,’ RIA cites owner
A Russian cargo ship that ran into trouble on Monday in the Mediterranean Sea and later sank was rocked by...
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Seafarers move global trade — and Christmas gifts. These ministries bring them holiday cheer
On a balmy December evening, four Indian crew members, eager to go explore this Mediterranean city where their container ship...
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Panama: Protesters say ‘enemy’ Trump must leave canal alone
US President-elect Donald Trump said that the Panama Canal should be “returned” to Washington’s control if shipping fees are not...
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Asia Fuel Oil: Thin market liquidity persists; cash premiums mixed
Asia’s fuel oil markets continued to be barren of deals on Friday, as thin trading liquidity on the window persisted...
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New Regulation: FuelEU Maritime Comes into Force on 1 January
FuelEU Maritime aims to promote the use of green and low-emission fuels within EU shipping. Danish Shipping supports the new...
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