News Flash
Mitsui O.S.K. Lines, Ltd. (MOL) makes strategic investment in Ascension Clean Energy Leading global shipping company’s latest shareholder in the planned Louisiana clean hydrogen-ammonia production facility
MOL Clean Energy, US, LLC (“MCE”), a 100% subsidiary of Mitsui O.S.K. Lines, Ltd. (MOL), and Clean Hydrogen Works, LLC...
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People, Technology, Sustainability, and Partnership at the heart of the Columbia Group launch
The launch of the Columbia Group is an exciting milestone in its journey to create a stronger, more integrated organization...
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Tentative US West Coast port contract deal reached, union and Employers say
The Longshore union and employers of 22,000 dockworkers at U.S. West Coast ports on Wednesday said they have reached a...
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VLSFO firms despite the recent Al Zour tender
Asia’s very-low sulfur fuel oil (VLSFO) market strengthened on Thursday, despite a term tender issued recently by Kuwait’s Al Zour...
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Baltic index extends gains on stronger vessel rates
The Baltic Exchange’s main sea freight index rose for a tenth straight session on Thursday, supported by higher rates across...
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Bangladesh seeks 9 LNG cargoes for the second half of the year – official
Bangladesh plans to buy nine cargoes of liquefied natural gas (LNG) from the spot market for the second half of...
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Supertanker freight rates jump as Mideast crude exports to Asia rise
The costs of chartering supertankers to move crude oil from the Middle East to Asia have jumped to the highest...
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Safer pilot transfers are still needed according to The BMA
Despite the success of the Concentrated Inspection Campaign (CIC) for pilot transfer arrangements instigated by The Bahamas Maritime Authority (BMA)...
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Vela unveils its unique sailing cargo trimaran: an innovative ship for 100% wind powered transportation
VELA, committed to the decarbonization of the maritime freight industry, has proudly unveiled the design of its first-of-its-kind trimaran cargo...
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Port of Long Beach Sees Progress in May
The Port of Long Beach in May reached its strongest month so far in 2023, raising mid-year hopes of a...
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Growth in global oil demand is set to slow significantly by 2028
Growth in the world’s demand for oil is set to slow almost to a halt in the coming years, with...
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Black Sea Grain Initiative exports up 65% since last week, but few ships are entering ports
Last week, between 5 and 11 June, the volume of agricultural products exported via the Black Sea Grain Initiative increased...
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Kalmar introduces Electric Straddle Carrier Charge Family, further expanding its eco-efficient portfolio of fully electric equipment
Kalmar, part of Cargotec, has announced the launch of the Electric Straddle Carrier Charge Family, the latest addition to its...
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Hyundai Vietnam Shipbuilding wins order for 2 oil and chemical tankers
Hyundai Vietnam Shipbuilding Co., a unit of South Korean shipbuilding, oil refining and machinery conglomerate HD Hyundai, said Wednesday it...
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MOL and JERA Signs Long-Term Charter Deal for Newbuilding LNG Carrier
Mitsui O.S.K. Lines, Ltd. announced the signing of a long-term charter contract for a newbuilding LNG carrier with a vessel...
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Korean Shipbuilders Likely to Receive Reflective Benefits from Cross-strait Conflict
A cross-strait conflict between Taiwan and China is creating new opportunities for the Korean shipbuilding industry. Taiwanese shipping companies and...
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Confusion reigns as labor dispute ‘fog’ blankets West Coast ports
There’s the fog of war and there’s the fog of West Coast port labor disruptions. More than a year after...
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Baltic index hits two-week high on smaller vessels demand
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, edged higher on Wednesday, aided...
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China cuts short-term borrowing costs to support recovery
China’s central bank lowered a short-term lending rate for the first time in 10 months on Tuesday, to help restore...
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Survitec Expands UK Servicing Capability With New Service Centre At Port Of Southampton
Global Survival Technology solutions provider Survitec has completed a major expansion of its UK servicing capability with the opening of...
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