News Flash

ENGINE: East of Suez Bunker Fuel Availability Outlook

ENGINE: East of Suez Bunker Fuel Availability Outlook

SingaporeSingapore has witnessed “below average” bunker demand so far this week, a source says. Product loading delays at oil terminals...
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MISC Partners with Pengerang LNG (Two) Sdn. Bhd. for LNG Floating Storage Unit Project

MISC Partners with Pengerang LNG (Two) Sdn. Bhd. for LNG Floating Storage Unit Project

MISC Berhad (MISC) has entered into a binding Heads of Agreement (HOA) with Pengerang LNG (Two) Sdn. Bhd. (PLNG2SB), a...
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The Nautical Institute Singapore Conference 2023 wraps up with exceptional attendance and inspiring insights for the maritime industry.

The Nautical Institute Singapore Conference 2023 has concluded with the attendance of close to 180 shipping professionals and key industry...
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Falling vessel rates push Baltic main index lower.

Falling vessel rates push Baltic main index lower.

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for a ninth consecutive...
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CEMS forges strategic partnerships at Global Maritime India Summit 2023 to boost skill development and innovation.

CEMS forges strategic partnerships at Global Maritime India Summit 2023 to boost skill development and innovation.

The Centre of Excellence in Maritime and Shipbuilding (CEMS), a dynamic skill development knowledge centre established by the Ministry of...
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WAF Suezmax market surges to YTD high amid rising inquiry, insufficient tonnage list

WAF Suezmax market surges to YTD high amid rising inquiry, insufficient tonnage list

Suezmax dirty tanker freight rates for West Africa to UK-Continent voyages rose sharply on the day Oct. 27, amid an...
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Anemoi signs deal with Hudong-Zhonghua Shipbuilding Group to develop Rotor Sail designs for LNG carriers.

Anemoi signs deal with Hudong-Zhonghua Shipbuilding Group to develop Rotor Sail designs for LNG carriers.

Anemoi Marine Technologies has entered into a Joint Design Cooperation Agreement with Hudong-Zhonghua Shipbuilding Group for the design of Rotor...
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INTERCARGO meets in Athens and celebrates record membership.

INTERCARGO meets in Athens and celebrates record membership.

Members of INTERCARGO met in Athens last week for the Association’s Annual General Meeting, Executive Committee and Technical Committee meetings,...
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Asia Fuel Oil-VLSFO premium edges up as bids firm for Nov second-half

Asia Fuel Oil-VLSFO premium edges up as bids firm for Nov second-half

Asia’s cash premium for very low sulphur fuel oil (VLSFO) rose on Monday after bids for spot cargoes firmed for...
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Höegh Autoliners ASA – Sale of Höegh Bangkok and purchase of Höegh Jacksonville

Höegh Autoliners ASA – Sale of Höegh Bangkok and purchase of Höegh Jacksonville

Höegh Autoliners ASA, has reached an agreement for the sale of the vessel Höegh Bangkok (IMO 931847) for a price...
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Wallem Group makes strides in decarbonization.

Wallem Group makes strides in decarbonization.

Wallem Group, a leading global maritime partner, is proud to have welcomed two dual fuel vessels, Angleviken and Askviken, into...
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Baltic index extends losses for 8th session on weaker vessel rates.

Baltic index extends losses for 8th session on weaker vessel rates.

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the eighth straight...
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RightShip and Porto de Santos sign a partnership to deploy groundbreaking new risk management solution for ports and terminals.

RightShip and Porto de Santos sign a partnership to deploy groundbreaking new risk management solution for ports and terminals.

PortRisk is a comprehensive risk management solution that transforms how ports and terminals navigate the challenges of pre-arrival preparations and...
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Havila Shipping ASA: Sale of vessels

Havila Shipping ASA: Sale of vessels

Havila Shipping ASA has, following demands from lenders, and in accordance with the current restructuring agreement, sold the PSV vessel...
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Demand For Tankers Will Remain Strong, Even After the Peak Oil Scenario Materializes

Demand For Tankers Will Remain Strong, Even After the Peak Oil Scenario Materializes

The tanker market will keep on… shipping fossil fuels for a long time, despite the looming peak oil demand scenario,...
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‘Investments, partnerships needed’ to reduce carbon in shipping.

‘Investments, partnerships needed’ to reduce carbon in shipping.

Industry leaders have been told achieving environmental targets in ocean freight shipping requires major efforts and investments. The reminder came...
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Drewry: Tanker Equities on the Rise.

Drewry: Tanker Equities on the Rise.

The Drewry Crude Tanker Equity Index has been largely on an uptrend since early July. The index jumped 10.6% in...
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AEGIR-Marine kicks off groundbreaking proof-of-concept project with the Maritime Remanufacturing Network

AEGIR-Marine kicks off groundbreaking proof-of-concept project with the Maritime Remanufacturing Network

The Maritime Remanufacturing Network (MRN) is proud to announce that it has begun its first project: the remanufacturing of a...
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China ports container volume rises 5.2% from January to September 2023,Ningbo Containerized Freight Index decrease in October 2023

China ports container volume rises 5.2% from January to September 2023,Ningbo Containerized Freight Index decrease in October 2023

From January to September of 2023, the cargo volume of Chinese ports was 12540.2 million tons, a year-on-year increase of...
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Ocean Yield ASA: Investment in Suezmax tanker with long-term charter

Ocean Yield ASA: Investment in Suezmax tanker with long-term charter

Ocean Yield AS is pleased to announce that it has agreed to acquire a 2016-built Suezmax tanker with an 8-year...
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