News Flash
Posidonia 2024 Bids Farewell to Record Number of Participants, Renews Rendezvous for 2026
Posidonia 2024 has already gone down in history as the best-attended in the biennial event’s 55 years of existence, and...
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U.S. East Coast port union strike threat to test shippers’ nerves
Labor talks at U.S. ports on the East Coast and Gulf of Mexico are a looming risk for retailers, manufacturers,...
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Kongsberg Maritime announces groundbreaking, fuel efficient bulker design
Kongsberg Maritime has unveiled its radical new ‘Super-Efficient Bulker’ vessel design concept. The new design is set to redefine industry...
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Asia Fuel Oil-Benchmarks rangebound while Singapore inventories climb
Singapore fuel oil benchmarks were rangebound on Thursday, while onshore inventories recovered for a third straight week. Cracks for the...
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Baltic index hits near 1-month peak on strong vessels demand
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, hit a near one-month...
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Newbuilding Prices Climb 3% To Highest Level In 16 Years
Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their...
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Berg Secures Louis Dreyfus Armateurs Propulsion Package for Wind-Assisted Airbus Ro-Ro Vessels
BERG Propulsion has won a contract covering the hybrid propulsion solution that ensure three wind-assisted Louis Dreyfus Armateurs (LDA) Ro-Ro...
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Asia Fuel Oil-HSFO Market Recovers; VLSFO Capped by Ample Supply
Asia’s High Sulphur Fuel Oil (HSFO) firmed slightly this week, while benchmarks for Very Low Sulphur Fuel Oil (VLSFO) remained...
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TES and “K” LINE Partner for Sustainable Maritime Shipping Solutions
Tree Energy Solutions (TES), a global green energy company leading the way in the production of e-NG (electric, natural gas...
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US Importers Caught In A Vicious Circle As Labor Union Strike Threat Raises Fears Of Soaring Freight Rates And Massive Disruption At US East And Gulf Coast Ports
Threat of strike action at US East and Gulf Coast ports may see importers accelerate efforts to protect ocean supply...
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Port Congestion, Far East
This week’s chart visualizes the 14-day moving average of actual port days for energy cargo at Far Eastern ports, comparing...
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Rhine In South Germany Reopens to Shipping As Water Levels Fall
The river Rhine in South Germany reopened to cargo shipping on Wednesday after being closed by high water on Tuesday,...
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IMO Mandates That Containers Lost at Sea Must Be Reported
A step forward for international maritime safety occurred in London recently during the meeting of the International Maritime Organization’s Maritime...
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Shipping Container Prices Soar By 26% In Singapore, Leasing Rates Double
Recent data from Container xChange indicates a significant impact of congestion on the average container prices and leasing rates at...
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Baltic Index Inches Up As Panamax Gains Offset Capesize Losses
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, edged higher on Wednesday...
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Konecranes powers up for the future by expanding its electrified portfolio and redefining operations between ship and container stack technology
Konecranes today announced a number of Port Solutions portfolio launches that reinforce its innovation and technology leadership in material handling....
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SeaLead Launches Liner Shipping Service Connecting China, South Korea and US West Coast
SeaLead announces the commencement of its new direct liner shipping service, linking China with South Korea and the US West...
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IMO to open regional office in Fiji to serve the Pacific
IMO will open its seventh Regional Presence Office, in Suva, Fiji, to serve countries and territories in the Pacific Islands...
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Saudi crude oil exports to China to fall for 3rd straight month in July, sources say
Saudi crude oil exports to China will fall in July for a third straight month to about 36 million barrels...
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ScanReach Launches Gas Detection Capabilities for Enhanced Onboard Safety
ScanReach, a pioneer in maritime IoT solutions, announces the launch of its Fire Risk & Onboard Safety domain, enhancing onboard...
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Recent News
- Baltic Dry Index Down for 4th Day In A Row
- Future Fuels, Real Results: AAL Improves Fleet Efficiency by 19% as Maritime Regulations Tighten
Gasoline loadings to Europe hit counter-seasonal record
Chinese industrial production up more than expected in August- Ukraine enhances maritime safety and Special Maritime Corridor operations