News Flash
Asia spot LNG prices fall on continued muted demand
Asian spot liquefied natural gas (LNG) prices slightly fell this week on continued lack of interest for spot supply from...
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Comfortable European gas market
European storage at record levelsThe European gas market couldn’t have entered the 2023/24 heating season in better shape. The heating...
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APM Terminals and DP World launch Zero Emission Port Alliance at COP28
APM Terminals and DP World today announce the formation of the Zero Emission Port Alliance (ZEPA), an industry-wide strategic coalition...
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India turns to coal as hydro generation falls
India produced a record amount of electricity from coal in October to make up for a shortfall in hydro generation...
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Singapore’s PIL and DP World to decarbonize shipping with biofuel shipments
Singapore shipping company Pacific International Lines (PIL) and Dubai-based port operator DP World agreed to jointly develop green solutions to...
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China Shipping Turns Green: Chinese shipbuilders adopt green tech for orders
The International Maritime Organization has set a goal for net-zero emissions in the shipping industry by 2050. China, being a...
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Shipping seeks safe waters in era of deadly geopolitics
As tankers, car-carriers and other merchant vessels pass through the Malacca Strait, unlit fishing boats criss-cross the shipping lanes at...
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Baltic index extends losses on lower vessel demand
The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, fell for a third...
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Hayfin to acquire up to $1bn of shipping assets through Maritime Yield strategy, building on longstanding sector track record
Hayfin Capital Management (“Hayfin”), a leading alternative credit platform, today announces that it has completed a fundraising process for its...
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China’s Nov iron ore imports stay at elevated level on improving margins
China’s iron ore imports in November climbed 3.4% from October, customs data showed on Thursday, as improved steel mill margins...
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LNG freight rates from US Gulf Coast to NWE, Asia weaken as demand lags
Freight rates to ship LNG from the US Gulf Coast region to both Northwest Europe and Asia have cooled this...
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Asia Fuel Oil-VLSFO cash premium hits 10-week low, timespreads narrow
Asia’s cash premium 0.5% very low sulphur fuel oil (VLSFO) fell to a 10-week low on Thursday, while backwardation timespreads...
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UN ship agency adopts tougher resolution to tackle illicit ‘shadow’ fleet
The United Nations’ shipping agency on Wednesday adopted a resolution targeting illicit shipping practices from the so-called unregulated “shadow fleet”...
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Maersk to deploy first large methanol-enabled vessel on Asia – Europe trade lane
A.P. Moller – Maersk (Maersk) is about to launch the first of its 18 large methanol-enabled vessels currently on order....
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New Green Shipping Challenge Announcements at COP28: Leading the Global Energy Transition
Greenhouse gas emissions from the shipping sector are significant and rising. On their current trajectory, these emissions would be incompatible...
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Lloyd’s Register unifies its digital offering with LR OneOcean
Lloyd’s Register has merged its existing digital platforms under its new OneOceanLR brand, which has been launched following several recent...
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Asia Distillates-Markets record further term negotiations, more spot activity to emerge
Asia’s middle distillates markets recorded more term negotiations as some buyers sought first-half 2024 arrival cargoes in the region, though...
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Weaker vessel rates push Baltic index lower
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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Methanol Engine Secures Bulker Orders
Japan’s Tsuneishi Shipbuilding Co., Ltd. has ordered 3 × MAN B&W 7G50ME-C9.6-LGIM (-Liquid Gas Injection Methanol) main engines in connection...
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DNV awards AiP for world’s largest car carrier design by China Merchants
At the Marintec China trade fair, DNV awarded an Approval in Principle (AiP) certificate to China Merchants Jinling Shipyard (Nanjing)...
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How to document PFOS-free fire-extinguishing foam on board
Klaveness Combination Carriers Improves Efficiency and Reduces Emissions with WE Tech Solutions’ Shaft Generators on Retrofitted Vessels and Newbuilds
NeptuneZero has secured a €500,000 investment to accelerate the development of her maritime sensor data-driven reporting solution and enhance real-time fleet performance