News Flash

China Nov iron ore imports drop on expectation of weak seasonal demand

China’s iron ore imports in November fell 1.91% from October, customs data showed on Tuesday, as shipments slowed ahead of...
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Beyond fuels and technology: The human element in maritime decarbonization

The maritime industry is at a pivotal moment in its decarbonisation journey. Over the past decade, the sector has transitioned...
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Baltic index hits 15-month low on weaker vessel rates

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to 15-month...
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Climeon Signs Order with NovaAlgoma for HeatPower 300 Installation on Groundbreaking Cement Carrier

Climeon Signs Order with NovaAlgoma for HeatPower 300 Installation on Groundbreaking Cement Carrier

Climeon is pleased to announce that NovaAlgoma Cement Carriers (NACC) has placed an order for Climeon’s Organic Rankine Cycle (ORC)...
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Ocean Network Express and Ningbo Zhoushan Port Group Collaborate on Shore Power Innovation in China

Ocean Network Express (ONE) and Ningbo Zhoushan Port Group (NZPG) held a symposium on December 6th to share best practices...
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Kongsberg Digital Secures Major Simulator Contract with Transnet in South Africa

Kongsberg Digital is proud to announce a significant agreement with Transnet SOC Ltd (Transnet) to deliver state-of-the-art simulator technology to...
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Bureau Veritas classifies three additional LNG bunkering vessels to continue growth in the sector

Bureau Veritas Marine & Offshore (BV), a global leader in testing, inspection and certification (TIC), today announced the classification of...
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Asia Fuel Oil-Refining crack spreads plunge amid selling flurry

Refining crack spreads for fuel oil fell on Monday after trading participants engaged in a wave of selling activity, based...
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SHIPPING: Port automation a key sticking point in union, USEC ports negotiations ahead of 15 Jan deadline

SHIPPING: Port automation a key sticking point in union, USEC ports negotiations ahead of 15 Jan deadline

The 15 January deadline for finalizing a new labor agreement between unionized dock workers at US Gulf and East Coast...
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DNV: IMO Maritime Safety Committee

The 109th session of the IMO’s Maritime Safety Committee (MSC 109) was held from 2 to 6 December 2024. Amendments...
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Rising costs squeeze intermediaries out of thriving Russian oil trade with India

Rising costs squeeze intermediaries out of thriving Russian oil trade with India

Three trading houses have become dominant sellers of Russian oil to India as many smaller players dropped out of the...
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WAF-East VLCC market falls to 13-month low on weak demand, ample tonnage

WAF-East VLCC market falls to 13-month low on weak demand, ample tonnage

Freight rates for Very Large Crude Carrier voyages loading in West Africa ended the week to Dec. 6 at their...
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Baltic index steady as firmer panamax rates offset dip in capesize, supramax

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, was little changed...
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India: Cargo traffic at major ports drops 4.95% to 67.53 mn tonnes in November

Cargo traffic at the country’s major ports declined 4.95 percent to 67.53 million tonnes in November, from 71.05 million tonnes...
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MPA and MISC Forge Partnership to Drive Innovation and Advance Digital Maritime Solutions

The Maritime and Port Authority of Singapore (MPA) and MISC have signed a memorandum of understanding (MoU) to strengthen collaboration...
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Russia raises wheat export duty by nearly a third

Russia, the world’s largest wheat exporter, will raise its wheat export duty by almost 32%, the government said, as the...
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Chinese LNG companies looking to sell Jan-Feb 2025 cargoes amid weak demand

Some Chinese state-owned and second-tier oil and gas companies have been looking to sell LNG cargoes for the January-February 2025...
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S. Korean shipbuilders to benefit as steam turbine LNG carrier phase-out speeds up

S. Korean shipbuilders to benefit as steam turbine LNG carrier phase-out speeds up

The retirement of aging steam turbine liquefied natural gas (LNG) carriers is accelerating as LNG freight rates continue to decline....
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Zhoushan December LSFO storage availability declines for second straight month

Low sulfur fuel oil storage available for lease at Zhoushan, China’s largest bunkering hub, stood at 1.98 million cu m...
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Trump’s tariff war confirms geopolitics are replacing economics as the key driver for decisions

Trump’s tariff war confirms geopolitics are replacing economics as the key driver for decisions

Nobody can complain that President-elect Donald Trump isn’t following through on his core election pledges. Even before he takes office...
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