News Flash

What OPEC+ oil output cuts are already in place and what could change

What OPEC+ oil output cuts are already in place and what could change

Saudi Arabia, Russia and other members of OPEC are scheduled to meet online on Thursday and could make further changes...
Read More
Genco Shipping & Trading Limited Advances Fleet Renewal Strategy

Genco Shipping & Trading Limited Advances Fleet Renewal Strategy

Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, has acquired...
Read More
NEDO Demonstration Project: Demonstration Test Ship for Liquefied CO2 Transportation Delivered

NEDO Demonstration Project: Demonstration Test Ship for Liquefied CO2 Transportation Delivered

The christening and handover ceremony for a liquefied CO2 transportation demonstration test ship was held today, November 28, 2023, at...
Read More
Asia Fuel Oil-HSFO rebounds as market eyes China demand recovery

Asia Fuel Oil-HSFO rebounds as market eyes China demand recovery

Asia’s high sulphur fuel oil (HSFO) market firmed on Tuesday amid market expectations of China resuming more purchases, following the...
Read More
Australia Pacific LNG deliveries disrupted due to tanker outage

Australia Pacific LNG deliveries disrupted due to tanker outage

Shipments of liquefied natural gas (LNG) from Australia Pacific LNG have come to a halt after a loaded tanker docked...
Read More
Annual review from international maritime charity highlights challenges faced by seafarers in 2022-23

Annual review from international maritime charity highlights challenges faced by seafarers in 2022-23

The International Seafarers’ Welfare and Assistance Network (ISWAN) reports that demand for its support remained high among seafarers and their...
Read More
Baltic index extends rally on higher capesize rates

Baltic index extends rally on higher capesize rates

The Baltic Exchange’s dry bulk sea freight index rose on Tuesday for the fourth consecutive session driven by a jump...
Read More

Korean shipbuilders seek overseas yards for surging orders

South Korean shipbuilders are seeking overseas production bases through mergers and acquisitions to meet soaring demand across the world as...
Read More
Asia Fuel Oil-VLSFO softens; China issues more fuel oil import quotas

Asia Fuel Oil-VLSFO softens; China issues more fuel oil import quotas

Asia’s very low sulphur fuel oil (VLSFO) market weakened further on Monday, while China has issued an additional 3 million...
Read More
Dual-Fuel Methanol MAN 175D Announced: Newbuild and retrofit variants planned for 2026

Dual-Fuel Methanol MAN 175D Announced: Newbuild and retrofit variants planned for 2026

MAN Energy Solutions has announced that a dual-fuel version of its MAN 175D high-speed engine, capable of operating on methanol,...
Read More
Russia’s Black Sea oil exports from Novorossiisk delayed

Russia’s Black Sea oil exports from Novorossiisk delayed

Russia’s oil and products exports from the Novorossiisk Black Sea terminal have been severely restricted by bad weather that has...
Read More
China says boosts iron ore concentrate capacity to secure supplies

China says boosts iron ore concentrate capacity to secure supplies

China has added 50 million metric tons of iron ore concentrate capacity from 2022, state media quoted an official at...
Read More
Dachser Streamlines Ocean Shipment Booking with Integration Between Hapag-Lloyd Spot Rates and Descartes Rate Management Solution

Dachser Streamlines Ocean Shipment Booking with Integration Between Hapag-Lloyd Spot Rates and Descartes Rate Management Solution

Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, announced that Hapag-Lloyd spot rate offers and 30-day...
Read More
Singapore iron ore eases after China intensifies intervention

Singapore iron ore eases after China intensifies intervention

Singapore iron ore futures retreated on Monday as caution mounted after the world’s top consumer issued warnings on enhancing supervision...
Read More
China’s central bank pledges to support domestic demand

China’s central bank pledges to support domestic demand

China’s central bank on Monday said it would fend off systemic risks to the economy and use forceful and targeted...
Read More
IEC Telecom introduces OptiShield advanced cybersecurity solution for vessels

IEC Telecom introduces OptiShield advanced cybersecurity solution for vessels

In an era of heightened cyber awareness by vessels, leading international satellite service operator IEC Telecom has introduced OptiShield, a...
Read More
Baltic index scales 1 and 1/2-year peak on robust demand for bigger ships

Baltic index scales 1 and 1/2-year peak on robust demand for bigger ships

The Baltic Exchange’s dry bulk sea freight index rose on Monday for the third consecutive session to its highest level...
Read More
Dry Bulk Market: Capesizes Record Third Weekly Gain

Dry Bulk Market: Capesizes Record Third Weekly Gain

Capesize For the first half of the week, the market faced subdued activity, particularly in the Pacific with a slight...
Read More
Q3’23 Carbon emission carrier ranking | US West Coast to Far East

Q3’23 Carbon emission carrier ranking | US West Coast to Far East

We are back with the latest edition of the Xeneta and Marine Benchmark Carbon Emission Index (CEI), and this week...
Read More
What to expect in 2024 – 5 trends in freight forwarding

What to expect in 2024 – 5 trends in freight forwarding

The world of freight forwarding is constantly evolving, driven by global economic shifts, technological advancements, and changing consumer expectations. In...
Read More