News Flash

How much does LNG emit before it burns on a ship?

Oil and gas majors and some shipping companies present liquefied fossil natural gas (LNG) as a cleaner alternative to traditional...
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Asia-US container rates steady to softer; Panama Canal to allow slot swaps

The Capesize market experienced a challenging week, marked by a gradual softening across both basins. The North Atlantic showed early...
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US October gasoline imports hit post-pandemic low on slump in European shipments

U.S. waterborne gasoline imports fell in October to their lowest since the COVID-19 pandemic, with European shipments to the U.S....
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Healthy Panama Canal flows, growing fleet dampen VLGC rates

Growing fleet capacity and stable Panama Canal flows have kept Very Large Gas Carrier freight rates out of Houston to...
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Iron ore slips on risk-off sentiment, but set for weekly gain

Iron ore futures fell on Friday amid risk-off sentiment across the financial markets due to the intensifying Ukraine-Russia conflict,but they...
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Russia’s Dec western port oil loadings may slip by 100,000 bpd, sources say

Russia’s Dec western port oil loadings may slip by 100,000 bpd, sources say

Oil loadings from Russia’s western ports in December are expected to slip by some 100,000 barrels per day (bpd) to...
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HMM introduces S.Korea’s first LNG-powered vessels

South Korea’s HMM Co. said on Friday that it will introduce two 7,700 TEU (1 TEU equals one 20-foot container)...
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The Hood is set to Revolutionise Connections in the Maritime Sector

The Hood is set to Revolutionise Connections in the Maritime Sector

The maritime industry is on the verge of a new era in connectivity with the launch of The Hood, a...
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Hong Kong engages partners to fuel maritime green shift

Hong Kong engages partners to fuel maritime green shift

A unified voice calling for bolder actions to decarbonize the maritime transport and ensure a just transition has been heard...
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Redefining Shipping in Geneva: The Journey to 2050

This week, Geneva became the hub of innovation dialogue at Redefining Shipping by Klaveness. A critical question took center stage:...
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Australia’s Melbourne HSFO stocks limited, LSFO demand steady

Australia’s Melbourne HSFO stocks limited, LSFO demand steady

Around the port of Melbourne in Australia, stronger bunker demand for high sulfur fuel oil has tightened prompt product availability...
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Asia Fuel Oil-VLSFO spot premium slides to three-month low

Asia’s spot premium for very low sulphur fuel oil (VLSFO) slipped to a three-month low on Friday, weighed by ample...
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Goldman Sachs expects oil prices to average around $80/bbl in 2024

Goldman Sachs expects Brent prices to average around $80 per barrel this year, despite a 2024 deficit and geopolitical uncertainty,...
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Baltic index declines as all vessels see falling rates

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Friday,...
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Miros Launches PredictifAI – A New Wave and Vessel Motion Prediction Technology

Miros Launches PredictifAI – A New Wave and Vessel Motion Prediction Technology

Miros, an industry leader in real-time ocean insights for maritime and offshore operations, has launched its new wave and vessel...
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Maersk to move operations from major port

A major container shipping company has announced it will no longer use the Port of Felixstowe for its larger vessels...
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Liquid Wind raises €44 million in Series C financing with Uniper, HYCAP and Samsung Ventures to meet increasing demand for low-carbon eFuels

Liquid Wind, the leading Swedish eFuel facility developer has raised €44 million in Series C financing led by Uniper, HYCAP...
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IMO Gender Equality Award to go to maritime entrepreneur Karin Orsel

Celebrated maritime entrepreneur is a long-time advocate for diversity and inclusion in the shipping industry. Ms. Karin Orsel, co-founder and...
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Oldendorff Successfully Installs Rotor Sails

Oldendorff Carriers (Oldendorff) is pleased to announce the successful installation and operational deployment of Rotor Sails on the Chinook Oldendorff....
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Asia Fuel Oil-Markets steady; Singapore inventories draw lower

Spot fuel oil markets were broadly stable on Thursday, while weekly inventories at Singapore drew lower as net imports eased....
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