News Flash
Republic of the Marshall Islands Maritime Administrator awards Approval in Principle for Anemoi Rotor Sails
The Republic of the Marshall Islands (RMI) Maritime Administrator has awarded an Approval in Principle (AiP) to Anemoi Marine Technologies...
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Baltic index dips on falling capesize rates
The Baltic Exchange’s dry bulk sea freight index edged down on Wednesday, snapping a three-session winning streak, as falling rates...
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Special risks of BESS (Battery Energy Storage System) for cargo insurers
To achieve the Paris Agreement goals, the adoption of renewable-energy sources has increased significantly in recent years and BESS (Battery...
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Iraq committed to OPEC, will not produce more than 4 mln bpd -minister
Iraq is committed to OPEC decisions and after its second voluntary cut announced in December it is also committed to...
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Euploia Drydocks & Services Ltd has established an exclusive partnership with C.C.JENSEN to elevate vessel operations through the integration of CJC® Engine Lube Oil Filters
We are delighted to announce a new exclusive representation in the field of engine lube oil filtration systems with one...
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General notice of cancellation in respect of certain war risks
Skuld (Gjensidig) (“The Association”) has received a Notice of Cancellation from reinsurers in respect of certain war risks that are...
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The hardest job in the world’: Siberian shipyard workers brave freezing cold
A drone flies low over a snow-covered shipyard in Russia’s Far East, where workers toil in subzero temperatures to maintain...
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Best’s Market Segment Report: P&I Clubs Improve Underwriting Results but Further General Increases Needed to Keep Up With Inflation
Despite a relatively benign year for pool claims in 2023, Protection and Indemnity (P&I) clubs will seek further price improvements...
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UN shipping agency working ‘tirelessly’ to solve Red Sea crisis
The United Nations shipping agency is working “tirelessly” to solve the Red Sea crisis, which is severely disrupting the global...
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Greece: Four dead in shooting at shipping company
Four people were killed — including the suspected perpetrator — in a shooting that happened at the offices of a...
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BIMCO starts work on contract for growing wind turbine market
BIMCO has established a subcommittee to work on a global standard contract for the transport and installation of offshore wind...
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Baltic index scales 1-month high on firm rates for larger vessels
The Baltic Exchange’s dry bulk sea freight index rose to a one-month high on Monday, buoyed by firm capesize and...
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Panama Canal does not plan transit restrictions at least until April
The Panama Canal sees no need for further vessel transit restrictions until at least April, when its authority will evaluate...
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Asia spot LNG prices dip on tepid demand, healthy stocks
Asian spot liquefied natural gas (LNG) prices dipped this week, remaining below $10 per million British thermal units (mmBtu) for...
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Maersk pilots Shanghai as new global gateway for LCL Shipments
Maersk, the world’s leading shipping and logistics company, announces today that Maersk pilots Shanghai as its new global gateway of...
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APM Terminals calls on OEMs to support them in raising asset management standards
APM Terminals’ journey to towards becoming a world class asset management organisation started some years ago. In this next step...
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Shipyard working conditions and the Norwegian Transparency Act
Recent media reports have focused on allegedly poor working conditions at Turkish shipyards. The law firm Wikborg Rein reminds Norwegian...
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Asian LNG re-export trend continues to surpass Europe so far in 2024
Asian LNG re-exports have continued to outmatch reexports from Europe so far in 2024, maintaining Asia’s stronger reexport trend that...
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Damage of main engine crankshaft and the importance of the Planned Maintenance System
Over the years, we have seen many incidents regarding damage to main engine components such as the crankshaft, main bearing,...
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Asian imports of U.S. LPG fall, dragging down shipping rates
Shipping rates for Asia-bound liquefied petroleum gas have plummeted in 2024, touching a nearly three-year low, as higher prices for...
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