News Flash
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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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,...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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