News Flash

Shipowners urged to up digitalization game for GHG cuts by 2030.

Shipowners urged to up digitalization game for GHG cuts by 2030.

Ship owners can achieve decarbonization at scale within this decade with speed optimization and energy-saving equipment, according to maritime professionals...
Read More
UAE says current OPEC+ support is sufficient for now.

UAE says current OPEC+ support is sufficient for now.

 Current actions by OPEC+ to support the oil market are sufficient for now, UAE Energy Minister Suhail al-Mazrouei said on...
Read More
Port of Tacoma accelerates net zero targets by 10 years.

Port of Tacoma accelerates net zero targets by 10 years.

The target will cover Scope 1 and Scope 2 emissions, which include direct emissions from the port’s buildings and vehicles,...
Read More
Iran loses bid to host shipping event after a vote at UN agency meeting.

Iran loses bid to host shipping event after a vote at UN agency meeting.

Iran’s offer to host a maritime event in October has been rejected after a proposal led by the United States...
Read More
NATO, Ukraine to discuss Black Sea grain issue at Zelenskiy’s request

NATO, Ukraine to discuss Black Sea grain issue at Zelenskiy’s request

NATO and Ukraine are to discuss security in the Black Sea next week, particularly the operation of a corridor for...
Read More
China’s June manufacturing steel demand improves; challenges remain.

China’s June manufacturing steel demand improves; challenges remain.

China’s monthly manufacturing steel demand rebounded in June but was still lower than a year ago, S&P Global Commodity Insights...
Read More
Canada’s port workers union leadership backs new contract deal

Canada’s port workers union leadership backs new contract deal

Leaders of a dock workers union in Canada’s Pacific region on Friday backed a tentative contract deal with employers and...
Read More
Grain buyers refuse to panic as Ukraine corridor closes

Grain buyers refuse to panic as Ukraine corridor closes

Major grain importers in the Middle East and North Africa have reacted calmly to the end of the safe shipping...
Read More
Ocean Technologies Group Launches Comprehensive E-Learning Courses to Support SIGTTO LNG Competency Guidelines

Ocean Technologies Group Launches Comprehensive E-Learning Courses to Support SIGTTO LNG Competency Guidelines

Ocean Technologies Group (OTG), the leading global provider of Human Capital Management solutions for the maritime industry, has released a...
Read More
Jamaica and Canada sign reciprocal recognition agreement to benefit seafarer training and employment

Jamaica and Canada sign reciprocal recognition agreement to benefit seafarer training and employment

Jamaica and Canada have signed a Reciprocal Recognition Agreement to enable seafarers from the two countries to work on ships...
Read More
China’s alumina prices rebound to a one-month high on Yunnan demand.

China’s alumina prices rebound to a one-month high on Yunnan demand.

Chinese alumina prices rose to their highest in more than a month on supply tightness amid improving demand from aluminium...
Read More
BHP posts record full-year iron ore output, flags rising costs.

BHP posts record full-year iron ore output, flags rising costs.

BHP Group on Thursday reported its highest-ever annual iron ore production, helped by the continued ramp-up at its South Flank...
Read More
No technical recession in euro zone as Eurostat revises up Q1 GDP

No technical recession in euro zone as Eurostat revises up Q1 GDP

Euro zone gross domestic product was flat in the first three months of this year against the previous quarter, the...
Read More
Iron ore rebounds on optimism about China property sector aid

Iron ore rebounds on optimism about China property sector aid

Iron ore futures recovered on Thursday amid market talks of more China property sector support, although concerns of oversupply and...
Read More
World First with ABS Class Green Methanol Powered Container Vessel’s Maiden Voyage

World First with ABS Class Green Methanol Powered Container Vessel’s Maiden Voyage

The first containership ever to sail on green methanol, a Maersk feeder vessel built to ABS Class, has embarked on...
Read More
China’s June Australian coal imports ease but demand remains strong

China’s June Australian coal imports ease but demand remains strong

China’s coal imports from Australia eased in June from May’s 33-month-high but remained supported by attractive prices and strong demand...
Read More
Sinopec’s natural gas output up 7.2% in H1, crude, petrochemical output lags

Sinopec’s natural gas output up 7.2% in H1, crude, petrochemical output lags

Chinese state-owned energy giant Sinopec’s 0386.HK600028.SS natural gas production in the first half of 2023 rose 7.6% from a year...
Read More
Baltic index down for 5th day on weaker capesize, panamax demand

Baltic index down for 5th day on weaker capesize, panamax demand

The Baltic Exchange’s main sea freight index tracking rates for ships carrying dry bulk commodities, fell for the fifth straight...
Read More
Asia Fuel Oil-VLSFO cash differential at more than two-year lows

Asia Fuel Oil-VLSFO cash differential at more than two-year lows

The cash differential for very-low sulphur fuel oil (VLSFO) slipped to more than two-year lows in Asia on Wednesday as...
Read More
Carbon Sink LLC, Rose Cay Maritime Forge Strategic Alliance for Advanced Low-Carbon Maritime Fuel Logistics

Carbon Sink LLC, Rose Cay Maritime Forge Strategic Alliance for Advanced Low-Carbon Maritime Fuel Logistics

Carbon Sink LLC, a pioneering green methanol manufacturer, and Rose Cay Maritime, LLC (RCM), an innovative Jones Act-compliant shipping company...
Read More