News Flash
More liner newcomers quit long-haul box lanes as rates tumble
According to consultancy Linerlytica, Transfar Shipping, BAL Container Line and container maker China International Marine Containers (CIMC), which started a...
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MSC and CMA CGM Out in Front in Box Fleet-Building Race
MSC’s phenomenal growth over the past two years has largely been driven by acquisition of second-hand containerships, while rival CMA CGM is...
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BIMCO Predicts Unprecedented Surge in Ship Recycling
The global maritime industry is set to witness an extraordinary surge in ship recycling activities over the course of the...
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Multinational Search for 39 Missing Crew on Capsized Chinese Longliner
A multinational search is underway in the Indian Ocean for the crew of a Chinese longliner that capsized with a...
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US supply chain woes shift and persist in 2023
The U.S. supply chain is healing from early pandemic shocks that sent shipping costs sky rocketing and squeezed supplies of...
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Greece’s Alexandroupolis port gets $26 million EU funding
Greece has secured 24 million euros ($26 million) in European Union funding to upgrade its northern Aegean Sea port of...
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HSFO eases; Fujairah inventories at six-month high
Asia’s high sulphur fuel oil (HSFO) market softened on Wednesday, weighed by higher incoming supplies from the Middle East, while...
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bound4blue and Oceanking team up to offer innovative wind-assisted propulsion technology in Greece and Cyprus
bound4blue and Oceanking have announced a partnership to jointly expand access to the eSAIL technology in Greece and Cyprus. As...
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COSCO SHIPPING to Build the Second 700 TEU Electric Container Ship
On May 8, COSCO SHIPPING Heavy Industry (Yangzhou) started to build the second 700 TEU electric container ship (N998) owned...
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Maritime industry called to embrace a robust safety culture to successfully tackle transformations
A new report from DNV and Lloyd’s List Intelligence, “Maritime safety trends 2012-2022: Advancing a culture of safety in a...
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NYK Concludes Long-Term Charter Agreement for Four New LNG Carriers with German Energy Giant EnBW
NYK has signed long-term charter contracts for four new liquefied natural gas (LNG) carriers with EnBW Energie Baden-Wuerttemberg AG (hereafter...
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Wrist delivers strong financial result and continues its ambitious M&A strategy
The world’s leading marine supplier of provisions and stores, Wrist came out of 2022 with a strong financial result despite...
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Korea’s largest container shipper HMM suffers steep sales losses in Q1
HMM, Korea’s largest container shipper, suffered a steep decline in sales and profits in the first quarter as freight rates...
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VLSFO premium edges up on stronger bids; Western supplies dip
Asia’s spot cash premium for very low sulphur fuel oil (VLSFO) climbed on Tuesday amid firmer bidding and lower arbitrage...
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ENGINE: East of Suez Bunker Fuel Availability Outlook
HSFO and VLSFO availability is tight in Singapore. Recommended lead times for both grades are about 8-12 days. LSMGO is...
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Tanker market demand compels owners to rely on more frequent assessments of cargo pump systems
With experts predicting the tanker market will see strong growth for years, tanker owners are relying on a planned maintenance...
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Port Hedland Iron Ore Exports Down 5% in April
Pilbara Ports Authority (PPA) has delivered a total monthly throughput of 57.7 million tonnes (Mt) for April 2023. This throughput...
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Asian seafarer hubs step up to meet decarbonization challenge
The steady progress by key seafarer home nations in Asia, such as the Philippines and Indonesia, to equip their maritime...
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South Indian ports fail to attract transshipment business from Colombo
The year long economic crisis in Sri Lanka and consequent reduction in business in Colombo port has not helped the...
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Progress made in US west coast dockworker discussions
The International Longshore and Warehouse Union announced 20April that it reached a tentative agreement with employers at the Pacific Maritime Association...
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