News Flash
JX, NYK, and KNCC Jointly Conduct Demonstration Experiment of Elevated Pressure (EP) Method in CO2 Liquefaction and Storage Process
On August 28, JX Nippon Oil & Gas Exploration Corporation (JX), Nippon Yusen Kabushiki Kaisha (NYK), and NYK’s affiliate Knutsen...
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Know your wood – Sustainable Shipping
Potential impact on shipping Cargo ships regularly carry wood as cargo or to secure cargo (e.g. as dunnage). Consequently, large...
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MOL and Chevron Shipping Company to Install Wind Challenger on LNG Carrier Wind-Assisted Ship Propulsion Systems is an LNG Shipping First
As part of their ongoing commitment to lower the carbon intensity of their operations, Mitsui O.S.K. Lines, Ltd. (MOL) and...
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Asia Fuel Oil-VLSFO benchmarks log weekly declines
Asia’s benchmarks for Very Low Sulphur Fuel Oil (VLSFO) logged weekly declines as of Friday, a sign that the market...
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Baltic index en route to weekly fall as capesize dips
The Baltic Exchange’s main sea freight index fell on Friday and was on its way for its first weekly decline...
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Hellenic Hull Management and Concirrus driving Digital Transformation in underwriting business
Concirrus, the leading provider of AI-powered marine insurance intelligence, today announced that has joined forces with Hellenic Hull Management (HMA),...
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Saudi crude oil supply to China set to rise to 46 mln bbls in Oct, sources say
Saudi Arabia’s crude oil supply to China is set to rise to 46 million barrels in October, trade sources said...
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Asian LNG buyers seek flexible contracts to backstop supply security
Asian LNG importers are increasingly using flexibility in LNG contracts to manage supply security such as adjustment of offtake volumes...
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DNV and Brinav signs MOU further broadening their autonomy collaboration
Classification society DNV and Navigation Brilliance (Brinav), have signed a memorandum of understanding (MOU) on autonomous collaboration. Under the terms...
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China’s crude oil imports rebound, but it’s prices, not consumption
China’s crude oil imports staged a rebound in August, rising to the highest in a year, but the increase is...
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Trump tariff threats will trigger import ‘rush,’ say trade experts, and consumers pay the price
Trade analysts are warning that new tariffs threatened by former President Donald Trump, which he doubled down on during Tuesday...
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Asia Fuel Oil-VLSFO eases while HSFO retains support
Asia’s very low Sulphur fuel oil (VLSFO) showed signs of further easing on Thursday as backwardation narrowed at the prompt...
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Baltic index falls as capesize rates decline
The Baltic Exchange’s main sea freight index tracking rates for ships carrying dry bulk commodities fell on Thursday, weighed down...
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European shipowners and fuel producers join forces and launch Clean Maritime Fuels Platform
Access to clean maritime fuels is a top priority for the decarbonisation of the shipping sector. The recently published Draghi...
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Risky salvage of Sounion tanker to restart in Red Sea this week, sources say
Experts will this week resume a risky operation to salvage the Sounion tanker which was attacked by Yemen’s Houthis in...
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Bearish oil price view looms over LNG trading and contracting activity
US elections watched closely for impact on foreign policy A bearish oil price view for 2025 is likely to have...
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Vale bumps up 2024 iron ore production forecast, shares rise
Brazilian miner Vale on Wednesday bumped up its forecast for iron ore output this year after a stronger-than-expected first half,...
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Oceanic Partners with VIKAND to Provide Mental Health Training to Officers
Global marine services provider Oceanic, through its SeaMedzą Medical Solutions, will offer VIKAND's mental health training programs as an integrated...
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Weathernews and Lauritzen Bulkers sign new 3-year contract for enhanced maritime solutions
Weathernews, a global leader in weather intelligence and maritime solutions, is pleased to announce a new 3-year TFMS (Total Fleet...
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ABB permanent magnet shaft generator technology to power 15 LNG carriers for Qatar Energy
ABB has won an order from Samsung Heavy Industries Co. Ltd. (SHI) to equip 15 liquified natural gas (LNG) carriers...
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Recent News
Houston maritime cyber firm BroCoTec warns vessel operators to prepare for new Coast Guard cyber rules as crew connectivity creates new security risks
GTT Energy strengthens its offering with the launch of the LNG Performance Centre and next-generation LNG as fuel solution
LNG buyers’ sentiment: Disruption and implications for procurement
New gas power policy of China’s Guangdong province drives structural shift from baseload to peak-only dispatch, resulting in reduced running hours
Oil’s safety net is fraying as Saudi Arabia races to restart a key pipeline