News Flash

Dry Bulk Second Hand Ships in High Demand

Demand for second hand bulkers has been quite strong since the start of 2024. In fact, according to the latest...
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Solis Marine confirms raft of appointments across the company’s UK and Singapore businesses

Solis Marine has announced a series of appointments across its UK and Singapore based businesses as the companies scale their...
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FBX Index June 2024: Looking forward

In May, the FBX index exhibited a consistent upward trend. The index commenced at $2,409 and concluded at $3,508 by...
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Industry leaders call on governments to recognise impact of increasing protectionism globally at leading Summit in Montreal

The International Chamber of Shipping (ICS) and the Chamber of Marine Commerce, Canada (CMC) convened over 120 industry leaders from...
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Red Sea diversions and slower ports cause bigger-than-expected issues – will they last?

Since early May, shippers, forwarders/NVOs, ocean carriers and ports have experienced a return to capacity challenges, soaring spot freight rates,...
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Insightful WISTA Hellas Seminar on “A People-Centered Decarbonization Concept Beyond Sea Level Boundaries” within the framework of the METAVASEA project held at Posidonia 2024

On Thursday, June 5, within the framework of the METAVASEA project, we proudly hosted an insightful seminar titled “A People-Centered...
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Philippine captain vows to return to sea after Houthi attack

The Philippine crew of a vessel attacked by Yemen’s Houthi militants was repatriated to the Philippines from Bahrain on Monday,...
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S. Korean companies encounter heightened challenges amid prolonged Russia-Ukraine conflict

As the war between Russia and Ukraine drags on, South Korean companies are increasingly grappling with the extended “Russia risk.”...
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Baltic Index Flat As Gains In Smaller Vessels Offset Weaker Capesize

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, was steady on Monday...
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OrbitMI giving sense of direction to navigate ‘confusing’ digital landscape for healthy tech adoption

The maritime software market is brimming with a raft of vendors offering a slew of technologies for data-driven operational efficiencies...
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Flexibility and Future-facing: Ingredients for A Positive Maritime Industry Outlook

GP General Procurement Company Limited (GENPRO) was delighted to welcome trade and logistics expert Dr. Jan Hoffmann as its keynote...
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Iron ore extends gains; falls for a third week on China demand woes

Iron ore futures rose for a second straight session on Friday, supported by higher-than-expected hot metal output, although demand concerns...
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The Valencia Containerised Freight Index (VCFI) decreases in May by -12.98%

The Valencia Containerised Freight Index (VCFI) for the month of May decreases in a scenario in which the activity of...
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GAC to acquire Quadrant Pacific’s ship agency business

GAC Group, a leading provider of shipping, logistics and marine services in the Asia-Pacific market, has entered into an agreement...
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TECO 2030, BLOM Maritime and Samskip receive ENOVA grant to retrofit Samskip LNG Vessel with fuel cells and hydrogen fuel

TECO 2030 together with BLOM Maritime and Samskip receive a grant for a pre-project aiming to retrofit Samskip’s vessel Kvitnos...
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INTERCARGO condemns deadly attacks on bulk carriers

Following news that a seafarer has died and another has been seriously injured in the latest Houthi attacks on merchant...
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Rescue underway for crew of Greek-owned vessel hit by Houthis, Philippines says

The crew of a Greek-owned vessel Tutor that was damaged in an attack by Yemeni Houthi militants in the Red...
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Asia Fuel Oil-Markets end week on largely stable note

Fuel oil benchmarks were broadly stable in Asia on Friday, with cash premiums and crack spreads rangebound through the week....
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Spot rate growth slows but ocean container shipping market will remain extremely challenging

Ocean freight container shipping spot rates are set to increase further, but there are signs the recent dramatic growth may...
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Baltic index logs weekly gain on higher rates for smaller vessels

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose for the third...
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