News Flash

Baltic index drops for the seventh straight session as capesize rates slip.

Baltic index drops for the seventh straight session as capesize rates slip.

The Baltic Exchange’s dry bulk sea freight index extended declines for a seventh consecutive session on Thursday, pressured by weaker...
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Shipping container price surge to reverse due to overcapacity -logistics platform.

Shipping container price surge to reverse due to overcapacity -logistics platform.

Higher prices for containers used by merchant ships caused by attacks on Red Sea shipping are likely to fall back...
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ENGINE: Europe & Africa Bunker Fuel Availability Outlook

ENGINE: Europe & Africa Bunker Fuel Availability Outlook

Northwest Europe Bunker fuel availability is good in the ARA hub. Lead times of 5-7 days are recommended for HSFO...
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Wilhelmsen and MPC Capital acquire Hamburg-based ship manager Zeaborn

Wilhelmsen and MPC Capital acquire Hamburg-based ship manager Zeaborn

Wilhelmsen Ship Management (“Wilhelmsen”), a provider of third-party ship management services headquartered in Singapore, and Hamburg-based asset manager MPC Capital...
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Jan Caers is appointed as an expert Consultant in Marine Incident Investigations

Jan Caers is appointed as an expert Consultant in Marine Incident Investigations

As a global leader in marine incident, investigation, surveying, and consultancy, we’re proud to announce the appointment of Jan Caers...
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China Now Produces More Than Half of All New Tonnage

China Now Produces More Than Half of All New Tonnage

This has been yet another good year for China’s shipbuilding sector, which has continued to dominate both in output and...
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Asia Fuel Oil-Cash premiums stable; Singapore stockpiles ease

Asia Fuel Oil-Cash premiums stable; Singapore stockpiles ease

Cash premiums for fuel oil were little changed in Asia trade on Thursday, while onshore stocks in Singapore recently fell,...
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Japan container conglomerate ONE halts Red Sea navigation, reroutes to Cape of Good Hope

Japan container conglomerate ONE halts Red Sea navigation, reroutes to Cape of Good Hope

Japan’s container conglomerate Ocean Network Express has decided to suspend navigation away from the Suez Canal and the Red Sea...
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WinGD adds MITSUI E&S Tamano Factory to the Japanese engine-building network.

WinGD adds MITSUI E&S Tamano Factory to the Japanese engine-building network.

Swiss marine power company WinGD has concluded an agreement with Mitsui E&S Diesel United (MESDU), part of the Mitsui Engineering...
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Shipnext and FONASBA partner to raise standards in online shipping.

Shipnext and FONASBA partner to raise standards in online shipping.

Leading online cargo platform Shipnext and The Federation of National Associations of Ship Brokers and Agents (FONASBA) have signed a...
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Maritime disruptions in the Suez Canal and the Red Sea are expected to affect 10% of world trade and will increase general transport fares.

Maritime disruptions in the Suez Canal and the Red Sea are expected to affect 10% of world trade and will increase general transport fares.

Attacks on container ships in the Red Sea and Suez Canal have caused major shipping lines worldwide to suspend their...
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China’s first domestically built cruise ship sets sail with a suite of Wärtsilä solutions.

China’s first domestically built cruise ship sets sail with a suite of Wärtsilä solutions.

Wärtsilä ANCS, part of technology group Wärtsilä, has delivered to the Adora Magic City, China’s first domestically built cruise ship,...
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ABS Signs Milestone MOU with Indian Innovators to Drive Global Hub for Green Shipbuilding

ABS Signs Milestone MOU with Indian Innovators to Drive Global Hub for Green Shipbuilding

ABS joined Garden Reach Shipbuilders and Engineers (GRSE) Ltd., Seatech Solutions International (Seatech), and Shift Clean Energy (Shift) in signing...
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Baltic index falls for a sixth straight session on softer capesize rates.

Baltic index falls for a sixth straight session on softer capesize rates.

The Baltic Exchange’s dry bulk sea freight index dropped on Wednesday for the sixth straight session, dragged lower by steadily...
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Ctg vessel owners launch new shipping cell.

Ctg vessel owners launch new shipping cell.

The Inland Vessel Owners Association of Chittagong yesterday launched a new shipping cell to transport goods to and from the...
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Greece advises vessels to avoid Yemeni waters after Red Sea attacks

Greece advises vessels to avoid Yemeni waters after Red Sea attacks

Greece has advised commercial vessels sailing in the Red Sea and the Gulf of Aden to avoid Yemeni waters, keep...
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Asia Fuel Oil-Spot market fluctuates in single-digit premiums

Asia Fuel Oil-Spot market fluctuates in single-digit premiums

Asia’s spot market for key fuel oil grades held rangebound in single-digit premiums on Wednesday, while market structure weakened compared...
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New training course for freight industry newcomers

New training course for freight industry newcomers

January 2024 will see the British International Freight Association (BIFA) add a new training course to its one-day freight essentials...
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Baltic index sinks on low cargo demand, risks persist in Red Sea

Baltic index sinks on low cargo demand, risks persist in Red Sea

The Baltic Exchange’s dry bulk sea freight index dropped on Tuesday for the fifth straight session, tracking lower rates for...
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Vitol completes inaugural biofuel delivery in the UAE

Vitol completes inaugural biofuel delivery in the UAE

Vitol has successfully completed its first biofuel deliveries in Fujairah, demonstrating its ongoing commitment to sustainable fuel solutions. Through its...
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