News Flash

Japan still seen missing target to balance primary budget by March 2026

Japan still seen missing target to balance primary budget by March 2026

Japan’s government on Tuesday left its own projections unchanged for achieving a primary budget surplus in the fiscal year ending...
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Smart Maritime Network and ClassNK launch Standardised Data Innovation Challenge for start-ups and entrepreneurs

Smart Maritime Network and ClassNK launch Standardised Data Innovation Challenge for start-ups and entrepreneurs

Smart Maritime Network, a leading platform for digital transformation in the maritime industry, is pleased to announce the launch of...
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Asia Fuel Oil-VLSFO downtrend pauses, while HSFO eases slightly

Asia Fuel Oil-VLSFO downtrend pauses, while HSFO eases slightly

Asia’s spot fuel oil market has started to stabilise in recent sessions, with very-low sulphur fuel oil (VLSFO) holding steady...
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FuelEU maritime initiative: Council adopts new law to decarbonise the maritime sector

FuelEU maritime initiative: Council adopts new law to decarbonise the maritime sector

More renewable and low-carbon fuels will reduce the carbon footprint of the maritime sector in the EU following today’s adoption...
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Baltic index drops to lowest in over seven weeks

Baltic index drops to lowest in over seven weeks

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, extended declines on Tuesday pressured...
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Iron ore futures rally on China stimulus pledge

Iron ore futures rally on China stimulus pledge

Iron ore futures rose on Tuesday, as China’s pledge to provide more support for its flagging economy lifted sentiment, while...
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India’s mineral production up 6.4% in May

India’s mineral production up 6.4% in May

Domestic mineral production grew 6.4% year-on year in May, the mines ministry said on Tuesday. “The index of mineral production...
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Russia-Africa summit to discuss Moscow’s grain and fertiliser exports – RIA

Russia-Africa summit to discuss Moscow’s grain and fertiliser exports – RIA

Russia and nations taking part in this week’s Russia-Africa summit will discuss Moscow’s grain and fertilisers exports, Oleg Ozerov, ambassador...
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Middle East Crude-Murban rises as gasoil, naphtha refining margins improve.

Middle East Crude-Murban rises as gasoil, naphtha refining margins improve.

Middle East crude benchmarks were mixed on Monday, with Dubai declining amid the further narrowed Brent/Dubai spread while Murban rose...
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Voluntary Seafarers’ Charter Is A Step Forward But Must Be Made Mandatory.

Voluntary Seafarers’ Charter Is A Step Forward But Must Be Made Mandatory.

Nautilus International, the UK’s largest maritime union, has called the government’s Seafarers’ Charter “a step forward” but continues to urge...
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SGX iron ore tracks real estate lower; muted China stimulus-response.

SGX iron ore tracks real estate lower; muted China stimulus-response.

Dalian iron ore futures ended relatively unchanged on Monday, as property sector concerns erased earlier gains, whileSingapore iron ore futures...
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Russia’s Black Sea oil exports seen stable over the weekend – traders.

Russia’s Black Sea oil exports seen stable over the weekend – traders.

Oil loadings from Russia’s Black Sea ports remained stable over the weekend despite rising tensions in the area, three trading...
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Wärtsilä Aquarius UV takes ballast water filtration to the next level with the launch of the ‘Manta’ filter.

Wärtsilä Aquarius UV takes ballast water filtration to the next level with the launch of the ‘Manta’ filter.

Wärtsilä Water and Waste’s Aquarius UV Ballast Water Management System (BWMS) is being launched with a completely new filtration solution....
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NYK Bulkship (Atlantic) to Introduce NYK Group’s First Wind-Assisted Ship-Propulsion Unit

NYK Bulkship (Atlantic) to Introduce NYK Group’s First Wind-Assisted Ship-Propulsion Unit

NYK Bulkship (Atlantic) N.V. (Head Office: Antwerp, Belgium; NBAtlantic), an NYK Group company, will introduce a wind-assisted ship-propulsion unit on...
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Asia Fuel Oil-VLSFO margin rebounds after sliding to more than two-year low

Asia Fuel Oil-VLSFO margin rebounds after sliding to more than two-year low

The refining margin for very-low sulphur fuel oil (VLSFO) edged slightly higher on Monday after its recent tumble to more...
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Intense Competition Among the Big Three Korean Shipbuilders

Intense Competition Among the Big Three Korean Shipbuilders

The era of methanol ships has officially begun with the voyage of the world’s first methanol propulsion ship, built by...
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Nearly 30 ships stop around Ukraine’s Izmail gateway after Russian Danube strikes.

Nearly 30 ships stop around Ukraine’s Izmail gateway after Russian Danube strikes.

Almost 30 ships dropped anchor near Ukraine’s crucial Izmail port terminal after Russia destroyed grain warehouses on the Danube River...
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Baltic index slips to over 1-1/2 month low on weaker vessel rates.

Baltic index slips to over 1-1/2 month low on weaker vessel rates.

The Baltic Exchange’s main sea freight index, tracking rates for ships ferrying dry bulk commodities, fell to its lowest since...
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European thermal coal struggles to find takers in Asia amid robust regional supply

European thermal coal struggles to find takers in Asia amid robust regional supply

European market participants are finding it increasingly difficult to resell their excess stock in Asia due to strong supply-side fundamentals...
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Ship fuel spreads and LNG prices fall to lowest levels in years.

Ship fuel spreads and LNG prices fall to lowest levels in years.

Fuel is one of the biggest costs in ocean shipping, and fuel pricing has seen some big changes in recent...
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