News Flash

Shore-side power supply for container ships in the Port of Hamburg

Hamburg is a European pioneer in shore-side power supply, and after several years of successfully supplying cruise ships in the...
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Ocean Technologies Group and WISTA International Join Forces to Drive Maritime Gender Diversity and Inclusion

Ocean Technologies Group (OTG), the leading global provider of Human Capital Management solutions for the maritime industry, has signed an...
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Odfjell: Record-high results with records to beat as soon as the next quarter

Odfjell: Record-high results with records to beat as soon as the next quarter

Odfjell posted very strong results last week, significantly beating our and consensus’ predictions. This was even more impressive in a...
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Columbia Shipmanagement (CSM) Türkiye announces collaboration with leading commercial vessel operator Transoba Denizcilik ve Ticaret A.S.

Columbia Shipmanagement (CSM), member of Columbia Group, has underlined its commitment to the Turkish market and entered into a partnership...
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Asia Fuel Oil-Benchmarks hold steady; monthly incoming supplies dip

Asia’s fuel oil benchmarks were little changed on Tuesday, while latest ship-tracking data showed this month’s incoming supplies remained lower...
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Malaysia PM says no evidence of ship-to-ship transfer of Iranian oil off Malaysia

Malaysia Prime Minister, Anwar Ibrahim said there was “not one shred of evidence” of ship-to-ship transfers of sanctioned Iranian oil...
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ABS and HD Hyundai Group Sign MOU to Advance Medium-Voltage Power Systems on Ships

ABS, HD Korea Shipbuilding & Offshore Engineering Co., Ltd. and HD Hyundai Heavy Industries, Co., Ltd. signed a memorandum of...
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OceanCare: Gibraltar orca attack not deliberate or act of revenge

On Sunday, 12 May, the 15-metre yacht “Alboran Cognac” sank in the southern entrance to the Strait of Gibraltar after...
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Will new US tariffs on China imports be a case of history repeating? Businesses brace for increased supply chain costs

Global supply chains are braced for further disruption and increasing costs after US President, Joe Biden announced new tariffs on...
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Baltic index hits more than one-week low on weaker vessel rates

The Baltic Exchange’s main sea freight index that tracks rates for ships carrying dry bulk commodities slipped to a more...
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Iran releases some crew members of ship seized in the Gulf

Iran has released seven crew members of a Portuguese-flagged container ship seized in the Gulf on 13 April, according to...
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MOL Joins Project to Develop Frozen and Refrigerated Warehouse in Singapore-promoting investment in Southeast Asia, the key area for MOL, by utilizing group network

Mitsui O.S.K. Lines, Ltd. announced that MOL (Asia Oceania) Pte. Ltd. (Managing Director: Jotaro Tamura; Head Office: Singapore), MOL’s regional...
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Asian spot LNG prices rise on signs of stronger demand

Asian spot LNG prices rise on signs of stronger demand

Asian spot liquefied natural gas prices rose this week on stronger demand amid high temperatures in north and south China,...
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West Africa Container Terminal (WACT) replaces diesel generation with solar electricity

The West Africa Container Terminal (WACT) has signed a significant Solar Lease Agreement with Starsight Energy, to provide an expected...
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Brazilian ports grapple with fuel supply challenges

Brazilian petroleum firm and bunker supplier Petrobras will temporarily be unable to provide LSMGO in Rio de Janeiro due to...
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Shipping Market Conditions Boost Yang Ming’s First Quarter Results

Yang Ming Marine Transport Corporation (Yang Ming) held its 392nd Board Meeting on 10th May to approve its Q1 financial...
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Maersk Suspends Methanol Ship Order to Chinese Shipbuilder

Maersk, the world’s second-largest shipping company, has reportedly postponed an order for 15 methanol-powered container ships from a Chinese shipbuilder....
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Stowage of heavy lift cargo: legal and insurance implications

The project cargo trade, as with many segments of the shipping industry, experienced a boom during the pandemic owing to...
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Korean Shipbuilders Post Drop in Shipbuilding Volume due to Growing Proportion of Less-skilled Foreign Workers

Korean Shipbuilders Post Drop in Shipbuilding Volume due to Growing Proportion of Less-skilled Foreign Workers

Korean shipbuilders, which have been fiercely competing with Chinese shipbuilders on the global stage, reported sluggish shipbuilding in the first...
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Panama Canal in talks with US LNG producers to increase transit

The Panama Canal is in talks with U.S. liquefied natural gas (LNG) producers on how to meet increased demand for...
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