News Flash

BHP considering improved proposal for Anglo American after bid rejected, source says

BHP considering improved proposal for Anglo American after bid rejected, source says

BHP Group is considering making an improved offer for Anglo American after its $39 billion initial proposal was rejected by...
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South Korea pays less for US crude than Saudi Arabian barrels for 2nd straight month

South Korea pays less for US crude than Saudi Arabian barrels for 2nd straight month

South Korea reduced imports of Saudi Arabian crude and boosted shipments of US cargoes for the second straight month in...
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The Carbon Impact Curve: Unpacking the Energy Transition’s Complexity

The Carbon Impact Curve: Unpacking the Energy Transition’s Complexity

The early days of the energy transition held a comforting promise. Replacing fossil-fuel generation with renewables offered a seemingly straightforward...
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Iran says crew of Israel-linked ship to be released

Iran says crew of Israel-linked ship to be released

Iran’s foreign minister said the crew of a seized Portuguese-flagged ship linked to Israel have been granted consular access and...
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Wartsila says shipowners need to decarbonize at ‘right speed’

Wartsila says shipowners need to decarbonize at ‘right speed’

Shipping companies should decarbonize their operations at “the right speed” to reduce the financial burden while meeting regulatory requirements, Wartsila’s...
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Global LNG freight rates stable despite recent vessel availability fluctuation

Global LNG freight rates stable despite recent vessel availability fluctuation

Global LNG freight rates have remained steady throughout this year, despite the number of LNG vessels available in both the...
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Damen launches pilot project for circular shipbreaking

Damen launches pilot project for circular shipbreaking

Damen Shipyards Group is launching a pilot project in which a small tug will be dismantled at Damen Shiprepair Rotterdam’s...
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Pantheon Tankers Management and Alpha Gas adopt RINA’s SERTICA digital logbooks

Pantheon Tankers Management and Alpha Gas adopt RINA’s SERTICA digital logbooks

Pantheon Tankers Management and Alpha Gas will install RINA’s SERTICA digital logbooks to ensure smarter and more efficient digital logkeeping...
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WinGD to debut short-stroke engine design after successful shop test

WinGD to debut short-stroke engine design after successful shop test

Swiss marine power company WinGD will record the first installation of its new X-S short-stroke engine design following successful factory...
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ICS Publications releases fifth edition of ‘Shipping and the Environment: A Guide to Environmental Compliance’

ICS Publications releases fifth edition of ‘Shipping and the Environment: A Guide to Environmental Compliance’

International Chamber of Shipping (ICS) Publications announces the launch of the fifth edition of ‘Shipping and the Environment: A Guide...
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BW LPG Limited – Approval of listing on the New York Stock Exchange

BW LPG Limited – Approval of listing on the New York Stock Exchange

Reference is made to the announcements made by BW LPG Limited (“BW LPG” or the “Company”) on 8 April 2024...
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Asia Fuel Oil-VLSFO cash premium steadies though backwardation widens

Asia Fuel Oil-VLSFO cash premium steadies though backwardation widens

The cash premium for very low sulphur fuel oil (VLSFO) steadied on Tuesday after softening a day earlier, though the...
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Russia’s Gazprom ships first LNG cargo this year from Portovaya to Asia around Africa – LSEG data

Russia’s Gazprom ships first LNG cargo this year from Portovaya to Asia around Africa – LSEG data

Russia’s Gazprom GAZP.MM is shipping its first cargo of liquefied natural gas to Asia this year from its Portovaya plant...
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China’s strong iron ore imports diverge from weak steel output

China’s strong iron ore imports diverge from weak steel output

China’s first quarter imports of iron ore and its domestic production of the steel raw material both rose strongly, but...
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Atlantic Supramax scrap market moves sideways in week 16

Atlantic Supramax scrap market moves sideways in week 16

The Supramax segment in Continental Europe and the Baltic Sea experienced a loss of momentum, with the scrap spot market...
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Baltic index hits one-week low on capesize weakness

Baltic index hits one-week low on capesize weakness

The Baltic Exchange’s dry bulk sea freight index extended declines on Tuesday and touched its lowest level in a week,...
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Singapore Maritime Foundation and International Group of P&I Clubs Cooperate to Promote Marine Liability Education and Training to Singapore Talent Pool

Singapore Maritime Foundation and International Group of P&I Clubs Cooperate to Promote Marine Liability Education and Training to Singapore Talent Pool

The Singapore Maritime Foundation (SMF) and the International Group of P&I Clubs (IGP&I) on 17 April 2024 signed a Memorandum...
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MHI turns Exhaust into Efficiency

MHI turns Exhaust into Efficiency

Under the auspices of the IMarEST UAE branch, Mitsubishi Heavy Industries Marine Machinery & Equipment (MHI MME) convened a seminar...
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WISTA International’s ExCo Mid-Term Meeting and Conference Champions Connectivity and Diversity in the Maritime Industry

WISTA International’s ExCo Mid-Term Meeting and Conference Champions Connectivity and Diversity in the Maritime Industry

After a successful mid-term meeting of the ExCo (Executive Committee) of WISTA International, today, the Women’s International Shipping & Trading...
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MOL Becomes First Japanese Operator to Commercially Install Onboard CO2 Capture System

MOL Becomes First Japanese Operator to Commercially Install Onboard CO2 Capture System

Mitsui O.S.K. Lines, Ltd. announced that it has decided to equip its LR1 product tanker Nexus Victoria (75,000 DWT class)...
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