News Flash
Shipping industry braces for more disruptions as Iran-Israel conflict to further drive up freight rates, travel times
The recent back-and-forth attacks between Iran and Israel has added another ingredient to the already stormy mix Indian shipping and...
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Iran says MSC Aries vessel seized for ‘violating maritime laws’
A Portuguese-flagged cargo ship, the MSC Aries, was seized by Iran on April 13 for ”violating maritime laws”, Iran’s foreign...
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Escalating Middle East Tensions Trigger Projected Surge in War Risk Premiums and Freight Rates
In a significant escalation of tensions in the Middle East, Iran’s capture of the MSC Aries, a container ship linked...
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Baltic index steady as gains in smaller vessels counter weaker capsize
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, were little changed on Monday...
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Canadian heavy crude trade to Asia picks up as Trans Mountain Expansion startup nears
Spot trade of arbitrage heavy Canadian crude to Asia has picked up pace ahead of the commencement of Canada’s Trans...
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Americas midsize crude tanker intertrade to drive freight as TMX expected online at end-Q2
Freight for ships carrying crude in the Americas is expected to remain wrapped up in intertrade dynamics between the midsize...
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Asia spot LNG at 3-month peak on steady demand, supply disruption
Asian spot liquefied natural gas (LNG) prices edged up this week, reaching the highest levels in three months, as they...
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Tighter fundamentals and geopolitics are pushing commodities higher
Oil market tightens as geopolitical risks grow Oil prices have seen significant strength through March and early April. ICE Brent...
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Flex LNG – Time Charter for Flex Endeavour extended to 2032
Flex LNG, Ltd. (“Flex LNG” or the “Company”) (OSE/NYSE: FLNG) is pleased to announce that the charterer of Flex Endeavour...
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NYK Set to Achieve World’s First Truck-to-Ship Fuel Ammonia Bunkering NYK, JERA, and Resonac Complete Joint Study to Establish Safe and Secure Ammonia Supply System
NYK will supply fuel ammonia at the end of May to an NYK-owned ammonia-fueled tugboat (“A-tug”) scheduled to be completed...
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TT Talk – The supply of clean drinking water to ships’ crews
Access to safe and clean drinking water to sustain life is one of the most basic human needs; exposure to...
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International Chamber of Shipping statement on the seizure of containership MSC Aries
The International Chamber of Shipping (ICS) condemns utterly the seizure of the MSC Aries earlier today by Iranian forces. The...
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Container ship seized in Strait of Hormuz could threaten Middle East trade lanes
The seizure of a container ship by Iran in the Strait of Hormuz, Saturday, is ‘extremely concerning’ and threatens to...
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Russian oil and products trapped on tankers hit by new Iran-related sanctions
Russian oil and products have become trapped at sea on four tankers after the United States hit the vessels with...
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Europe is set to continue to rely on Russian LNG in short term
More than two years after Russia launched its invasion on Ukraine, natural gas pipeline imports from the country to Europe...
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US investigators interview ship personnel in Maryland bridge collapse
U.S. National Transportation Safety Board chair Jennifer Homendy said at a Senate hearing Wednesday that investigators had conducted interviews with...
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Shipbuilding Projects with Ammonia Engines Firm Up
Imabari Shipbuilding will install an MAN B&W 7S60ME-Ammonia engine with SCR in connection with the construction of a 200,000 dwt...
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ZeroNorth to launch new service enabling seamless integration of eBDN data between suppliers and buyers, enhancing transparency, speed and precision
Technology company ZeroNorth has today announced it is launching a new service to enhance data integration between bunker suppliers and...
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ClassNK awards approval in principle (AiP) for ammonia fuel supply system and ammonia gas abatement system developed by Mitsubishi Shipbuilding
ClassNK has awarded an approval in principle (AiP) for the ammonia fuel supply system and ammonia gas abatement system developed...
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Loss of purchasing power across the global continues to fuel cargo crime
In the recently published Annual Cargo Theft Report 2023 TT Club and BSI SCREEN Intelligence pinpoint high inflation as a...
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