News Flash

G20 GDP growth sees little change in the third quarter of 2023

G20 GDP growth sees little change in the third quarter of 2023

Gross domestic product (GDP) in the G20 area grew by 0.7% quarter-on-quarter in the third quarter of 2023 according to...
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Trade Up at Port of Long Beach in November

Shippers continued to reposition cargo back to West Coast seaports in November, lifting trade for a third consecutive month at...
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Wärtsilä’s market leading position in cargo handling solutions highlighted with contract for four new LPG carrier vessels

Wärtsilä’s market leading position in cargo handling solutions highlighted with contract for four new LPG carrier vessels

Technology group Wärtsilä will supply the cargo handling and fuel supply systems for four new 40,000 m3 gas carrier vessels....
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Singapore fuel oil inventories rebound to near three-month highs

Singapore fuel oil inventories rebound to near three-month highs

Residual fuel oil inventories at key trading hub Singapore rebounded to nearly three-month highs as net imports recovered after a...
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Erma First’s Shore Power Connector Blue Connect Receives Bureau Veritas Approval

Erma First’s Shore Power Connector Blue Connect Receives Bureau Veritas Approval

Bureau Veritas (BV), a world leader in testing, inspection and certification, has granted an Approval in Principle to Greek company...
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Asia Fuel Oil-Spot market steady on quiet trade; Singapore stocks rise

Asia Fuel Oil-Spot market steady on quiet trade; Singapore stocks rise

Asia’s spot fuel oil market was little changed on Thursday amid scant trade, while onshore inventories at Singapore rose to...
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Baltic index extends losses on weaker vessel demand

Baltic index extends losses on weaker vessel demand

The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, inched lower for the...
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Maritime tech firm targets industrial market after officially receiving King’s Award for Enterprise

Maritime tech firm targets industrial market after officially receiving King’s Award for Enterprise

An innovative Coventry company that uses ultrasound to help ships become more energy efficient is set to branch out into...
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Global Energy Group’s Stellar Shipmanagement takes delivery of Singapore’s first dedicated methanol bunkering tanker, classed by Bureau Veritas

Global Energy Group’s Stellar Shipmanagement takes delivery of Singapore’s first dedicated methanol bunkering tanker, classed by Bureau Veritas

Stellar Shipmanagement Services Pte Ltd, a wholly-owned subsidiary of Global Energy Group, has taken delivery of a 4,000 DWT IMO...
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LR awards Approval in Principle to NACKS for methanol-fuelled 81,000 DWT bulk carrier

LR awards Approval in Principle to NACKS for methanol-fuelled 81,000 DWT bulk carrier

Lloyd’s Register (LR) has awarded Approval in Principle to Nantong COSCO KHI Ship Engineering Co Ltd (NACKS) for an 81,000...
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NYK, JERA, and Resonac Start Joint Study on Supplying Ammonia as Fuel to Vessels Cooperating to achieve zero emissions.

NYK, JERA, and Resonac Start Joint Study on Supplying Ammonia as Fuel to Vessels Cooperating to achieve zero emissions.

On December 12, NYK, JERA Co., Inc. (hereinafter “JERA”), and Resonac Holdings Corporation (hereinafter “Resonac”) signed an agreement to jointly...
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Fuel tankers face long slog as Panama Canal drought reroutes flows.

Fuel tankers face long slog as Panama Canal drought reroutes flows.

Oil tanker Cururo is taking the long way from Houston to Chile: sailing the length of South America’s Atlantic coast,...
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Accelleron welcomes its 100th customer for running hours based Turbo LifecycleCare service agreement

Accelleron welcomed the 100th customer for its running hours-based service agreement for four-stroke engine turbochargers, Turbo LifecycleCare, last month. More...
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“K” Line holds FY2023 Dry Bulk Global Meeting

“K” Line holds FY2023 Dry Bulk Global Meeting

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) held a global meeting for the dry bulk business at the company’s head office...
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IMO history book launched.

IMO history book launched.

A book detailing the history of the International Maritime Organization (IMO) has been published to mark 75 years since the...
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Asia Fuel Oil-Spot market range bound in single-digit premiums

Asia Fuel Oil-Spot market range bound in single-digit premiums

The spot fuel oil market in Asia was range bound as of Wednesday amid a lack of fresh drivers, with...
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Baltic index slips to 2-week low on weaker vessel demand.

Baltic index slips to 2-week low on weaker vessel demand.

The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, fell to its lowest...
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WinGD partners with Alfa Laval to advance the development of ammonia-powered engines.

WinGD partners with Alfa Laval to advance the development of ammonia-powered engines.

Alfa Laval and Swiss engine designer WinGD have established a partnership in which Alfa Laval will deliver two fuel supply...
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ABB and Wallenius Marine opened the first OVERSEA Fleet Support Center to provide centralized services.

ABB and Wallenius Marine opened the first OVERSEA Fleet Support Center to provide centralized services.

ABB and shipping company Wallenius Marine have opened the doors of the first OVERSEA Fleet Support Center, a major milestone...
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Wärtsilä hybrid propulsion solution selected for three new cargo vessels.

Wärtsilä hybrid propulsion solution selected for three new cargo vessels.

Technology group Wärtsilä will supply an integrated hybrid propulsion solution for three new self-discharging cargo vessels being built at the...
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