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WinGD wins first approval in principle for ammonia two-stroke engine
Lloyd’s Register approval in principle will support shipowner confidence in vessel designs using ammonia-fuelled main engines. Swiss marine power company...
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Baltic index snaps 4-day winning streak as capesize rates slip
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, snapped its four-session-long winning streak...
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Beijing says no extra quotas for clean oil product exports, crude imports: quota holders
The Chinese government will not issue new quotas for clean oil product exports and additional allowances for crude oil imports...
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China, Germany resume high-level financial talks
China and Germany will co-host a third financial dialogue in Germany on Oct. 1, the Chinese foreign ministry said on...
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Asia Fuel Oil-Timespreads widen further, inventories slide
Asia’s fuel oil market continued to firm on Thursday amid stronger backwardation timespreads, while inventories at key trading hub Singapore...
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Airbus and LDA to install new fuel-saving sails for maritime operations
Louis Dreyfus Armateurs will equip one of the vessels it uses to transport aircraft subassemblies for Airbus, with a wind-assisted...
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Greece names Thessaloniki port operator preferred bidder for Volos port
Greece’s privatisation agency has named the operator of Thessaloniki port as the preferred bidder for acquiring a 67% stake in...
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Seapath and Pilot LNG Joint Venture to Develop First Dedicated LNG Bunkering Facility in U.S. Gulf Coast
Seapath, a maritime subsidiary of Libra Group, and Pilot LNG, LLC (Pilot), a Houston-based clean energy solutions company, today announced...
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World Maritime Day 2023 highlights marine environment protection
This year sees the 50th anniversary of the adoption of the International Convention for the Prevention of Pollution from Ships...
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World Maritime Day Message Must Extend Beyond the Boundaries of Shipping, says INTERCARGO
Never has the theme of this year’s World Maritime Day – ‘New technologies for greener shipping’ – been so in...
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Baltic index scales 11-month peak on strong capesize rates
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose to an 11-month...
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Asia Fuel Oil-Market firms with stronger bids, wider time spreads
Asia’s fuel oil market strengthened on Wednesday with firmer bids for spot cargoes and wider backwardation time spreads. The 380-cst...
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Ship insurance facility set up for Ukraine grain exports says broker Miller
A new marine insurance facility for Ukrainian grain exports using the country’s sea corridor has been set up in conjunction...
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US thermal coal exports jump to 5-year highs on Asian demand
United States thermal coal exports hit their highest levels since 2018 during the first eight months of 2023, climbing 20%...
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QatarEnergy, Korea’s HHI signs $3.9 bln deal for 17 LNG carriers
QatarEnergy said on Wednesday it had signed a 14.2 billion riyal ($3.90 billion) deal with HD Hyundai Heavy Industries 329180.KS...
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China may boost October fuel exports on robust margins, flight recovery
China’s oil products exports are set to rise in October as state-owned refiners capitalise on lucrative margins and some Western...
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PPA SA: Strong performance in the first half of 2023, with a significant increase in profitability and turnover
In the first half of the fiscal year 2023, PPA S.A. reported a continued robust increase in profits and income,...
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Vale and Port of Açu sign agreement to develop a Mega Hub for the decarbonization of steelmaking
Vale informs that it signed an MOU with the Port of Açu to study the development of a Mega Hub...
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‘Dark’ ships are faking their locations to move oil around the world — and it is likely worth billions of dollars
Ships are faking their locations to engage in illicit activity — and rising numbers appear to be doing so to...
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MV Ballard becomes the first KCC vessel equipped with Silverstream Technologies air lubrication system
Klaveness Combination Carriers (“KCC”) announces MV Ballard, the youngest vessel in the CABU fleet, has completed dry dock and subsequent...
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