News Flash

Hapag-Lloyd sees no immediate Suez passage even if ceasefire reached now

Hapag-Lloyd sees no immediate Suez passage even if ceasefire reached now

German shipping company Hapag-Lloyd does not anticipate the shipping industry to resume sailing through the Suez Canal anytime soon, even...
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Asia Fuel Oil-Spot premiums rangebound, cracks inch slightly up

Asia Fuel Oil-Spot premiums rangebound, cracks inch slightly up

Spot premiums for fuel oil were rangebound in Asia on Tuesday as the market continued to eye upcoming supply loadings...
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Baltic index hits one-week low as capesize rates dip

Baltic index hits one-week low as capesize rates dip

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, marked its lowest level...
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Russia plans coal exports to India via Iran

Russia plans coal exports to India via Iran

Russia has announced plans to export coal to India using Iran’s railways. This announcement was made during the BRICS transport...
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APM Terminals Elizabeth Advances $ 5M Electrification Pilot Project with $ 1.4M EPA Grant

APM Terminals Elizabeth Advances $ 5M Electrification Pilot Project with $ 1.4M EPA Grant

APM Terminals Elizabeth is proud to announce significant progress in its $ 5 million investment for its Electrification Pilot Project,...
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Qatar Shipyard Receives Remote Survey Approval from ABS

Qatar Shipyard Receives Remote Survey Approval from ABS

As part of a pioneering Joint Development Project (JDP), ABS approved a range of ship repair and retrofit work processes...
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London P&I Club reports strong financial results for the 2023/24 financial year

London P&I Club reports strong financial results for the 2023/24 financial year

The London P&I Club has today announced its financial results for 2023/24, reporting an operating surplus of US $36.3m, strengthening...
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TMS Group and Lloyd’s Register team up for Energy Transition Strategy Project

TMS Group and Lloyd’s Register team up for Energy Transition Strategy Project

TMS Tankers Ltd. and TMS Cardiff Gas Ltd. have entered into a strategic partnership with Lloyd’s Register (LR) to embark...
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First Demonstration In Korea Of Marine Ammonia Engine Combustion Technology: Reduces Carbon Dioxide Emissions By 50%, A Promising Signal For A Shipbuilding Powerhouse

First Demonstration In Korea Of Marine Ammonia Engine Combustion Technology: Reduces Carbon Dioxide Emissions By 50%, A Promising Signal For A Shipbuilding Powerhouse

MW-class marine engine combustion technology that uses ammonia, a future renewable energy source, as fuel will be applied on-site for...
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Sanctioned Russian tanker transfers Urals crude oil to another ship off Malaysia

Sanctioned Russian tanker transfers Urals crude oil to another ship off Malaysia

Oil tanker SCF Primorye, owned by Russian state shipping company Sovcomflot and sanctioned by the United States, transferred 1 million...
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Asia Fuel Oil-Spot VLSFO market extends fall on multiple spot offers

Asia Fuel Oil-Spot VLSFO market extends fall on multiple spot offers

Spot premiums for Very Low Sulphur Fuel Oil (VLSFO) extended declines on Monday as selling interest persisted with multiple spot...
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Ammonia cuts shipping GHG emissions by up to 61%

Ammonia cuts shipping GHG emissions by up to 61%

The study is part of a series on Greenhouse Gas (GHG) emission studies in the maritime sector to reflect ongoing...
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Strategic Marine (S) Pte Ltd Signs Contract With Ventus Marine Ltd For Four (4) 27m Crew Transfer Vessels For Asia And Europe

Strategic Marine (S) Pte Ltd Signs Contract With Ventus Marine Ltd For Four (4) 27m Crew Transfer Vessels For Asia And Europe

Strategic Marine, a leading aluminium shipbuilder, is pleased to announce the construction of four 27m Z-Bow Crew Transfer Vessels (CTVs)...
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Two vessels catch fire after missile strikes off Yemen’s Aden

Two vessels catch fire after missile strikes off Yemen’s Aden

Two ships caught on fire after being hit by projectiles off Yemen’s Aden, two UK maritime agencies reported on Sunday....
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Maersk had cargo onboard freight train in Czech railway accident

Maersk had cargo onboard freight train in Czech railway accident

Shipping group Maersk said on Friday the freight train that collided with a passenger train in the Czech Republic on...
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Jumbo Offshore wraps up monopile removal works in Taiwan

Jumbo Offshore wraps up monopile removal works in Taiwan

Jumbo Offshore has completed the removal of two monopiles on the Offshore Wind Farm (OWF) Yunlin in Taiwan. The Jumbo...
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China’s May coal imports rise 11% on lower domestic output

China’s May coal imports rise 11% on lower domestic output

China’s imports of coal rose 11% in May from a year earlier, customs data and Reuters records showed on Friday,...
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ABS Issues AIP for ECOLOG’s Low-Pressure 40,000 m3 Design for LCO2 Carrier

ABS Issues AIP for ECOLOG’s Low-Pressure 40,000 m3 Design for LCO2 Carrier

ABS issued an Approval in Principle (AIP) for a low pressure, shallow-draft, low carbon footprint 40,000 cbm Liquid Carbon Dioxide...
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International law crucial for robust shipping sector, says Hadjimanolis in Athens

International law crucial for robust shipping sector, says Hadjimanolis in Athens

Deputy Minister of Shipping Marina Hadjimanolis on Thursday, during her visit to Athens, highlighted the importance of cooperation, compliance, and...
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China Takes Orders for 54 Ships vs. Korea’s 2 in May

China Takes Orders for 54 Ships vs. Korea’s 2 in May

The Korean shipbuilding industry’s share of global shipbuilding orders plummeted to less than 10 percent in May. This was blamed...
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