News Flash

Crowley, SEACOR to Create New, Standalone Company Through Integration of U.S. Jones Act Tank Vessel Fleets

Crowley, SEACOR to Create New, Standalone Company Through Integration of U.S. Jones Act Tank Vessel Fleets

Global maritime and logistics leaders Crowley and SEACOR Holdings (“SEACOR”), through its subsidiary Seabulk Tankers, Inc.(“ Seabulk”), announced an agreement...
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Asia Fuel Oil-Premiums fall further as offers weigh on market

Asia Fuel Oil-Premiums fall further as offers weigh on market

Fuel oil cash premiums dropped further in Asia on Wednesday as more competitive offers emerged for October-loading products. The premium...
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Middle East diesel exports to Europe rebound heading into winter demand

Middle East diesel exports to Europe rebound heading into winter demand

Middle East diesel exports to Europe are climbing again after hitting an eight-month low in July as reduced stockpiles, refinery...
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MSC offers to buy a stake in Hamburg port operator.

MSC offers to buy a stake in Hamburg port operator.

MSC, the world’s biggest container shipping company, is offering to buy almost half of the main operator of Hamburg port,...
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Back-to-School Temporary Rush Boosts Container Traffic, but Challenges Loom Ahead

Back-to-School Temporary Rush Boosts Container Traffic, but Challenges Loom Ahead

China to U.S. trade route has been seeing a recent surge in Container Leasing Charges per Route as observed in...
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RightShip launches updated GHG 2.0 Rating with the revamped methodology to drive maritime decarbonization.

RightShip launches updated GHG 2.0 Rating with the revamped methodology to drive maritime decarbonization.

RightShip, the leading provider of maritime data and transparency, announces the launch of its enhanced GHG 2.0 Rating – the...
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Baltic index hits over 3-month high on firm rates for larger vessels

Baltic index hits over 3-month high on firm rates for larger vessels

The Baltic Exchange’s main dry bulk sea freight index. BADI hit its highest point in more than three months on...
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Baltic index extends gain as Panamax rates hit a four-month peak.

Baltic index extends gain as Panamax rates hit a four-month peak.

The Baltic Exchange’s main dry bulk sea freight index extended gains to a fifth straight session on Tuesday on firm...
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Methanol’s status as the top future marine fuel is in doubt due to cost, availability

Methanol’s status as the top future marine fuel is in doubt due to cost, availability

Methanol might not become the most prevalent type of marine fuel despite its recent popularity, with limited availability and high...
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Asia Fuel Oil-Spot premiums steady; market eyes October tenders

Asia Fuel Oil-Spot premiums steady; market eyes October tenders

Spot premiums for fuel oil were little changed in Asia on Tuesday, with the market eyeing tenders for October-loading products....
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New intelligence shows Russia’s targeting of a cargo ship.

New intelligence shows Russia’s targeting of a cargo ship.

Intelligence shows that the Russian military targeted a cargo ship in the Black Sea with multiple missiles on 24 August....
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MOL Chemical Tankers to Acquire Fairfield Chemical Carriers

MOL Chemical Tankers to Acquire Fairfield Chemical Carriers

Mitsui O.S.K. Lines, Ltd. yesterday announced that its fully-owned group company MOL Chemical Tankers Pte. Ltd. (MOLCT; CEO: Akira Sasa;...
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South Korea’s Top 3 Shipbuilders Resolve Strike Risk

South Korea’s Top 3 Shipbuilders Resolve Strike Risk

HD Hyundai Heavy Industries, Hanwha Ocean (formerly Daewoo Shipbuilding & Marine Engineering), and Samsung Heavy Industries, the top three in...
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Airseas announces major investment in R&D centre to accelerate the development of wind technology for shipping

Airseas announces major investment in R&D centre to accelerate the development of wind technology for shipping

Airseas, a pioneer in wind propulsion technology for the maritime sector, has announced a major investment in a new research...
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Brazil, Paraguay clash with Argentina over grains waterway tolls

Brazil, Paraguay clash with Argentina over grains waterway tolls

Brazil, Paraguay, Bolivia, and Uruguay have urged Argentina to stop applying tolls for ships and barges carrying grains and other...
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China’s Unipec issues buy-tender for up to 25 LNG cargoes from Oct 2023-Dec 2024

China’s Unipec issues buy-tender for up to 25 LNG cargoes from Oct 2023-Dec 2024

Unipec, a trading arm of Chinese national oil company Sinopec, has issued a tender to buy up to 25 LNG...
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Shipping must improve forecasting and not allow ‘uncertainty to delay action

Shipping must improve forecasting and not allow ‘uncertainty to delay action

The maritime industry must improve its forecasting to prepare for a range of possible futures, according to its leading classification...
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Marine Biofuel supplied to the Capesize Bulker at Hong Kong

Marine Biofuel supplied to the Capesize Bulker at Hong Kong

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce that marine biofuel was supplied by Peninsula, the leading global...
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Greece, China boost cooperation on shipping finance

Greece, China boost cooperation on shipping finance

Cooperation between Greece and China on shipping finance is set to receive a boost, after a conference held at the...
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Global container freight still stalled

Global container freight still stalled

Global industrial production and containerised freight flows remained in the doldrums at the start of the third quarter, confounding predictions...
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