News Flash

Wärtsilä Continues to Set The Pace For Marine Decarbonisation With Launch Of World-First 4-Stroke Engine-Based Ammonia Solution

Wärtsilä Continues to Set The Pace For Marine Decarbonisation With Launch Of World-First 4-Stroke Engine-Based Ammonia Solution

Technology group Wärtsilä has introduced the marine sector’s first commercially available 4-stroke engine-based solution for ammonia fuel. The new solution...
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KCC and Silverstream Technologies agree deal to equip next four vessels with air lubrication technology.

KCC and Silverstream Technologies agree deal to equip next four vessels with air lubrication technology.

Klaveness Combination Carriers (“KCC”) announces a deal has been agreed to retrofit four additional vessels with the Silverstream® System, the...
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ENGINE: Europe & Africa Bunker Fuel Availability Outlook

ENGINE: Europe & Africa Bunker Fuel Availability Outlook

Northwest Europe In the ARA hub, recommended lead times for HSFO are 5-7 days, and 4-6 days for VLSFO, a...
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New Study Launched Highlighting The Positive Impacts Of Turning Down The Volume

New Study Launched Highlighting The Positive Impacts Of Turning Down The Volume

A new study by the University of Southampton has been launched to assess the interrelationship between measures aimed at enhancing...
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Denmark could block tankers with Russian oil from reaching markets.

Denmark could block tankers with Russian oil from reaching markets.

Denmark will be tasked with inspecting and potentially blocking tankers carrying Russian oil through its waters under new European Union...
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Baltic index hits a three-week high buoyed by smaller vessels’ rate lift.

Baltic index hits a three-week high buoyed by smaller vessels’ rate lift.

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, extended gains to a three-week...
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Iron ore gains on China property sector stimulus, lower imports

Iron ore gains on China property sector stimulus, lower imports

Iron ore futures advanced on Tuesday, as market participants weighed property sector-related stimulus in top consumer China and a fall...
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BW LPG Reports Third Quarter Net Profit of $122.2 Million

Highlights and Subsequent Events Strongest quarterly performance on record with daily TCE of USD 61,800 per calendar day and USD...
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LNG-fueled Panamax Coal Carrier Reimei Commences Operation

LNG-fueled Panamax Coal Carrier Reimei Commences Operation

Mitsui O.S.K. Lines, Ltd. (MOL) and Kyushu Electric Power Co., Inc. (Kyuden) today announced a Panamax coal carrier that uses...
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ZeroNorth Consolidates Bunker Businesses To Accelerate Environmental Impact

ZeroNorth Consolidates Bunker Businesses To Accelerate Environmental Impact

Technology company ZeroNorth has today announced that it is consolidating its existing bunkering business under the ZeroNorth brand, unlocking faster...
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Asia Fuel Oil-VLSFO refining margins rise further on tight supplies

Asia Fuel Oil-VLSFO refining margins rise further on tight supplies

Refining margins for very low sulphur fuel oil (VLSFO) extended gains on Tuesday amid persisting tight supplies, market participants said....
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Seanergy Maritime Reports Fleet Time Charter Equivalent (“TCE” 3) overperformance of Baltic Capesize Index (“BCI”) by 14% in 3Q23 & by 18% in 9M23

Seanergy Maritime Reports Fleet Time Charter Equivalent (“TCE” 3) overperformance of Baltic Capesize Index (“BCI”) by 14% in 3Q23 & by 18% in 9M23

Seanergy Maritime Holdings Corp, announced yesterday its financial results for the third quarter and nine months ended September 30, 2023....
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Fuel Flexibility Benefits of New Oil Highlighted in Chevron White Paper

Fuel Flexibility Benefits of New Oil Highlighted in Chevron White Paper

Chevron Marine Products’ new lubricating oil has a lot to offer, and this is highlighted in a White Paper that...
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HD HHI to Mark up LNG Carrier Prices

HD HHI to Mark up LNG Carrier Prices

After HD HHI won a provisional contract to build 17 liquefied natural gas (LNG) carriers from Qatar Energy in October,...
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S&P Global Market Intelligence Projects Supply Chain Resilience to Remain Vital in 2024, but Willingness and Ability to Pay for it May be Lacking

S&P Global Market Intelligence Projects Supply Chain Resilience to Remain Vital in 2024, but Willingness and Ability to Pay for it May be Lacking

Resilience in supply chains remains vital but may prove too expensive for many firms, according to a new S&P Global...
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Baltic index scales three-week high on smaller vessels demand

Baltic index scales three-week high on smaller vessels demand

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, inched up to a three-week...
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Dry Bulk Market: Positive Momentum in All Classes

Dry Bulk Market: Positive Momentum in All Classes

Capesize The week began with an encouraging start in the Pacific market, marked by positive sentiment and a notable increase...
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Dry bulk market braces for tightening Panama transit restrictions

Dry bulk market braces for tightening Panama transit restrictions

The tightening transit restrictions through the Panama Canal are predominantly impacting the southbound trade in the region, nudging a shift...
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Japanese lifters of US LNG weigh alternatives to Panama Canal amid tightening transits

Japanese lifters of US LNG weigh alternatives to Panama Canal amid tightening transits

Japanese lifters of US LNG are considering alternative options for shipping their winter cargoes in light of tightening restrictions through...
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ICS-2 Implementation Postponement Offers Shippers Extended Period for Strategic Compliance Readiness with Trade Tech

ICS-2 Implementation Postponement Offers Shippers Extended Period for Strategic Compliance Readiness with Trade Tech

In light of the newly announced schedule for the European Union’s Ocean Import Control System 2 (ICS-2), Trade Tech, a...
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