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International law crucial for robust shipping sector, says Hadjimanolis in Athens

Deputy Minister of Shipping Marina Hadjimanolis on Thursday, during her visit to Athens, highlighted the importance of cooperation, compliance, and...
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China Takes Orders for 54 Ships vs. Korea’s 2 in May

The Korean shipbuilding industry’s share of global shipbuilding orders plummeted to less than 10 percent in May. This was blamed...
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Russian tanker group Sovcomflot expects sanctions to cut 2024 revenues

Russian tanker group Sovcomflot expects sanctions to cut 2024 revenues

Russia’s leading tanker group Sovcomflot said western sanctions and changing market conditions may cut its revenues this year, a rare...
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IMO presents pathway to net-zero shipping at Bonn climate talks

The International Maritime Organization (IMO) has outlined its latest progress and plans to decarbonize global shipping by or around 2050,...
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Asia High-Sulphur Fuel Oil market to take a breather in strong rally

A rally in Asia’s High-Sulphur Fuel Oil (HSFO) market, boosted by lower Middle East exports and OPEC+ cuts, is expected...
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Norden: Expanding the strategic position in Capesize

During the first two months of Q2 2024, NORDEN has made four transactions, focusing on expanding the strategic position and...
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China’s May iron ore imports above 100 metric tons for third month

China’s iron ore imports in May stayed above 100 million metric tons for a third straight month, customs data showed...
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Baltic index logs weekly gain on larger vessel rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose for the second...
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Danish Shipping and The Emirates Shipping Association sign agreement on closer future cooperation

The two shipping associations have signed a Memorandum of Understanding (MoU) outlining intentions for closer future cooperation in the field...
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Easier EEDI process: DNV validates Norsepower’s new EEDI/EEXI calculation method

Norsepower, the global market leader in mechanical sails, has presented a revolutionary calculation method, validated by the leading classification society...
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Asia Fuel Oil-HSFO margin logs steep weekly decline as rally eases

Refining margins for High Sulphur Fuel Oil (HSFO) logged a sharp weekly drop as of Friday, with the market showing...
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Tototheo Global and Neuron partner to bring AI-optimised multi-provider satellite connectivity to the maritime industry

Tototheo Global and Neuron partner to bring AI-optimised multi-provider satellite connectivity to the maritime industry

Tototheo Global and Neuron have announced an agreement to deploy Neuron’s AI-powered Quality of Experience (QoE) management platform to vessels...
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Laskaridis Shipping Co. Ltd. Hosts Shipping Roundtable Discussion with AMSA

On 6th June 2024, during Posidonia week, Laskaridis Shipping Co. Ltd. hosted a Roundtable Discussion, with the Australian Ambassador, Ms....
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The electrical connection of the ships means ‘a five-fold increase the installed power in the ports’

‘Green behaviour has become a tool for competitiveness, a zero-carbon footprint is increasingly demanded in port activity’. This is how...
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Suez Canal Authority decides to expand discounts on shipping services

The Suez Canal Authority has announced its decision to extend discounts for various types of ships and tankers until the...
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Bullish potential for crude tankers amid revised OPEC+ cuts

Crude tanker freight rates could garner support from non-OPEC+ production through the summer and later from the announced easing of...
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Auramarine Wins Methanol Fuel Supply System Order for Pioneering Mein Schiff 7 Cruise Vessel

Auramarine Ltd, the leading fuel supply systems pioneer for the marine, process and power industries, has announced that it has...
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KR, Hanwha Ocean, Amogy and Hanwha Aerospace team up for application of ammonia reformers and ammonia fuel cell systems to ships

KR has announced a Memorandum of Understanding (MoU) with Hanwha Ocean, Amogy, and Hanwha Aerospace. The MoU, signed at Posidonia...
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Kalmar to deliver eight Eco reachstackers to Maritime Transport, enabling fuel and emissions savings

Kalmar, part of Cargotec, has concluded an agreement with UK-based integrated road and rail freight logistics provider, Maritime Transport, to...
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HD Hyundai Heavy Industries and Capital Gas Ship Management secure LR approval in principle for 40,000 cbm LCO2 carrier

HD HHI and Capital Gas Ship Management have received approval in principle for a 40,000 cbm LCO2 carrier from Lloyd’s...
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