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Methanol Retrofit Solutions to be Developed for Medium-Speed Marine Engines

Methanol Retrofit Solutions to be Developed for Medium-Speed Marine Engines

MAN Energy Solutions has announced that it will begin developing retrofit solutions for medium-speed marine engines as part of a...
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India’s Russian oil imports hit new high in June, but growth slows – trade

India’s Russian oil imports hit new high in June, but growth slows – trade

India’s imports of Russian oil edged up to an all-time high in June, though growing at the slowest pace since...
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Rio Tinto second-quarter iron ore shipments fall 1%

Rio Tinto second-quarter iron ore shipments fall 1%

Rio Tinto reported a 1% drop in second-quarter iron ore shipments on Wednesday as a train derailment in June offset...
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Dalian coking coal climbs on China mine suspensions; iron ore dips

Dalian coking coal climbs on China mine suspensions; iron ore dips

Dalian coking coal futures climbed to their highest in nearly three months on Wednesday as mining suspensions in China’s Shanxi...
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Ukraine accuses Russia of deliberately striking Odesa port, grain terminals

Ukraine accuses Russia of deliberately striking Odesa port, grain terminals

Ukraine accused Russia on Wednesday of intentionally striking grain terminals and infrastructure in the Black Sea port of Odesa, with...
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Moscow on grain deal: We can restart talks if UN meets Russian needs within three months

Moscow on grain deal: We can restart talks if UN meets Russian needs within three months

Russia said on Wednesday the United Nations had three months to implement the terms of a memorandum that would facilitate...
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‘Whipsaw effect’ on demand and investment will result in consolidation and bankruptcies across freight markets, says leading analyst

‘Whipsaw effect’ on demand and investment will result in consolidation and bankruptcies across freight markets, says leading analyst

Heavy investment at the height of the pandemic has created excess capacity across freight markets and modes of transport, both...
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Baltic index extends losses as demand for larger vessels wane

Baltic index extends losses as demand for larger vessels wane

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for a fourth straight...
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FUTURESHIPS: An Innovative Independent Ship Brokerage Firm Launching in Hong Kong and London to Address the Changing Shipping Industry

FUTURESHIPS: An Innovative Independent Ship Brokerage Firm Launching in Hong Kong and London to Address the Changing Shipping Industry

In response to developments in regulatory frameworks, digitization, safety standards, and societal expectations within the global commercial shipping industry, a...
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Ship arrested to force the owner to settle unpaid debts.

Ship arrested to force the owner to settle unpaid debts.

The International Transport Intermediaries Club (ITIC) – a mutual insurer that provides professional indemnity cover for transport intermediaries operating in...
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Panama Achieves The General Secretariat Of The International Maritime Organization (IMO)

Panama Achieves The General Secretariat Of The International Maritime Organization (IMO)

Today Panama obtained the necessary votes for the General Secretariat of the International Maritime Organization (IMO) for the period 2024-2027...
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W. Africa Crude-Angola to ship 31 cargoes in Sep; Forcados still suspended.

W. Africa Crude-Angola to ship 31 cargoes in Sep; Forcados still suspended.

Angola is expected to offer 31 cargoes in September, the lowest number planned in five months, according to a preliminary...
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Asia Fuel Oil-VLSFO slides into deeper discount.

Asia Fuel Oil-VLSFO slides into deeper discount.

Asia’s cash differential for very-low sulfur fuel oil (VLSFO) slumped into a deeper discount to Singapore quotes on Tuesday, as...
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US shale oil/natgas output set to fall for the first time since Dec. -EIA

US shale oil/natgas output set to fall for the first time since Dec. -EIA

U.S. shale oil and natural gas production will fall in August for the first time since December, the U.S. Energy...
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India needs to grow at 7.6% a year for 25 years to be a developed nation -cenbank bulletin.

India needs to grow at 7.6% a year for 25 years to be a developed nation -cenbank bulletin.

India will need to grow at a rate of 7.6% annually for the next 25 years to become a developed...
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Insurers reviewing Black Sea ship cover after Russia suspension – sources.

Insurers reviewing Black Sea ship cover after Russia suspension – sources.

Insurers are reviewing whether to freeze cover for any ships willing to sail to Ukraine after Russia said on Monday...
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Morgan Stanley’s profit drops 14% as the deal drought persists.

Morgan Stanley’s profit drops 14% as the deal drought persists.

Morgan Stanley’s profit beat estimates as growth in its wealth management business offset lower trading revenue in the second quarter,...
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The Baltic index extends its decline on weak demand for larger vessels.

The Baltic index extends its decline on weak demand for larger vessels.

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for a third straight...
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Samsung Heavy Industries celebrates winning a 3.9 trillion KRW shipbuilding contract

Samsung Heavy Industries celebrates winning a 3.9 trillion KRW shipbuilding contract

Samsung Heavy Industries has signed a large-scale eco-friendly shipbuilding contract worth nearly KRW 4 trillion and is getting closer to...
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Russia’s seaborne oil product exports rose in June -sources and Reuters calculations

Russia’s seaborne oil product exports rose in June -sources and Reuters calculations

Russia’s seaborne oil product exports in June rose by 1.2% month on month to 9.824 million metric tons as seasonal...
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