News Flash

Initial Conclusions of Elogen’s Strategic Review and Changes in GTT’s Governance

As announced in its press release on 9 January 2025, the GTT Group is conducting a strategic review of the...
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Hapag-Lloyd Nears $1.2 Bil. Deal with Hanwha Ocean for LNG Dual-fuel Container Ships

Hapag-Lloyd, the world’s fifth-largest shipping company, is reportedly in the final stages of reviewing an order for six LNG dual-fuel...
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HD Korea Shipbuilding Secures 538.3 Billion Won Contract for LNG Bunkering Vessels

HD Korea Shipbuilding & Offshore Engineering has secured a significant contract to construct four 18,000㎥ class LNG bunkering vessels for...
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International Registries Inc.: Looking Internally to Enhance Client Experiences in 2025

IRI President Bill Gallagher explores the year ahead in this 2025 message to clients and colleagues: As 2025 opens, it...
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Höegh Autoliners ASA Says Seasonal Slowdown Impacts Trading in January

In January 2025, Höegh Autoliners transported 1.1 million cbm of cargo on prorated basis. Transported cargo in the last three...
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Lloyd’s Register awards its first VC-L+ Descriptive Note for vessel connectivity

Lloyd’s Register (LR) has awarded its first VC-L+ Descriptive Note for vessel connectivity to Neda Maritime’s vessel, MT ASCONA (VLCC)....
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Yara and NYK Conclude World’s First Time-Charter Agreement for Ammonia-Fueled Medium Gas Carrier

Yara Clean Ammonia Switzerland SA (Yara Clean Ammonia)*, a subsidiary company of Yara International ASA (Yara), the world’s largest ammonia...
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VLSFO leans to downside while HSFO strength holds

Asia’s fuel oil market posted contrasting trends for key grades, with very low sulphur fuel oil (VLSFO) still leaning towards...
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IBIA leads change in the rules for the carriage of biofuels by bunker vessels

In November 2023 IBIA submitted a document to IMO on the carriage of biofuels for supply to a ship for...
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Latest US sanctions raise risks for ships moving Iranian oil in China

The challenge has intensified for the VLCC Star Forest to conceal the rare Iranian barrels loaded from storage in China...
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Baltic index falls as larger vessel rates dip

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, retreated on Monday...
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Sri Lankan Navy Detains 14 Tamil Nadu Fishermen, Total Arrests Reach 88 This Year

MADURAI: The Sri Lankan Navy apprehended 14 fishermen from Rameswaram and seized two trawlers for allegedly fishing in Sri Lankan...
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Asian spot LNG prices at two-month high tracking EU gas rally

Asian spot liquefied natural gas (LNG) prices hit a two-month high this week, tracking a rally in European gas prices,...
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Advancing Maritime Digitalization: POC about Shipdex-D and Shipdex-F together

The Shipdex protocol, as already known, consists of two specifications derived from international aerospace and defence standards: S1000D (www.s1000d.org) and...
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Asyad Shipping to set IPO price range next week: IFR

Oman’s Asyad Shipping is expected to set a price range next week ahead of books opening for what is thought...
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Korean shipbuilders report profits as LNG market projects growth

Samsung Heavy Industries recorded a profit last year, leading the Big Three shipbuilders, including HD Hyundai Heavy Industries and Hanwha...
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Panama Ship Registration: A Game-Changer for Asian Shipowners

Asia is a powerhouse in global trade and shipping. For shipowners in this region, Panama offers one of the most...
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US-China tariff war may create glut of US coking coal cargoes in Asia

The recent tit-for-tat tariff bouts between the US and China were expected to create a potential glut of US coals...
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Red Sea ransom: How emails power Houthis’ $2 billion piracy operation

The Red Sea, a vital artery for global trade, has become a battleground for modern piracy that blends technology, geopolitics,...
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Korea Surpasses China in January Ship Orders, Securing 62% of Global Market Share

South Korea has outpaced China to secure the highest volume of ship orders in January, according to a report by...
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