News Flash
WinGD to debut short-stroke engine design after successful shop test
Swiss marine power company WinGD will record the first installation of its new X-S short-stroke engine design following successful factory...
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ICS Publications releases fifth edition of ‘Shipping and the Environment: A Guide to Environmental Compliance’
International Chamber of Shipping (ICS) Publications announces the launch of the fifth edition of ‘Shipping and the Environment: A Guide...
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BW LPG Limited – Approval of listing on the New York Stock Exchange
Reference is made to the announcements made by BW LPG Limited (“BW LPG” or the “Company”) on 8 April 2024...
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Asia Fuel Oil-VLSFO cash premium steadies though backwardation widens
The cash premium for very low sulphur fuel oil (VLSFO) steadied on Tuesday after softening a day earlier, though the...
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Russia’s Gazprom ships first LNG cargo this year from Portovaya to Asia around Africa – LSEG data
Russia’s Gazprom GAZP.MM is shipping its first cargo of liquefied natural gas to Asia this year from its Portovaya plant...
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China’s strong iron ore imports diverge from weak steel output
China’s first quarter imports of iron ore and its domestic production of the steel raw material both rose strongly, but...
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Atlantic Supramax scrap market moves sideways in week 16
The Supramax segment in Continental Europe and the Baltic Sea experienced a loss of momentum, with the scrap spot market...
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Baltic index hits one-week low on capesize weakness
The Baltic Exchange’s dry bulk sea freight index extended declines on Tuesday and touched its lowest level in a week,...
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Singapore Maritime Foundation and International Group of P&I Clubs Cooperate to Promote Marine Liability Education and Training to Singapore Talent Pool
The Singapore Maritime Foundation (SMF) and the International Group of P&I Clubs (IGP&I) on 17 April 2024 signed a Memorandum...
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MHI turns Exhaust into Efficiency
Under the auspices of the IMarEST UAE branch, Mitsubishi Heavy Industries Marine Machinery & Equipment (MHI MME) convened a seminar...
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WISTA International’s ExCo Mid-Term Meeting and Conference Champions Connectivity and Diversity in the Maritime Industry
After a successful mid-term meeting of the ExCo (Executive Committee) of WISTA International, today, the Women’s International Shipping & Trading...
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MOL Becomes First Japanese Operator to Commercially Install Onboard CO2 Capture System
Mitsui O.S.K. Lines, Ltd. announced that it has decided to equip its LR1 product tanker Nexus Victoria (75,000 DWT class)...
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ABS Releases Industry First Advisory on Methanol Bunkering
With the publication of ABS Methanol Bunkering: Technical and Operational Advisory, ABS is expanding its industry-leading suite of guidance on...
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Asia Fuel Oil-VLSFO market eases; Kuwait’s Al Zour offers May cargo
Asia’s very low sulphur fuel oil (VLSFO) market retreated on Monday, while Kuwait’s Al Zour refinery issued a spot tender...
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Wärtsilä cargo handling and fuel gas supply systems continue to be the choice for Very Large Ethane Gas Carriers
Wärtsilä Gas Solutions, part of technology group Wärtsilä has been contracted to supply the cargo handling and fuel gas supply...
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BHP says it aims to receive first ammonia-fuelled bulk carrier in 2026
Australia’s BHP Group is planning to receive its first ammonia-fuelled bulk carrier in 2026 as part of the company’s plans...
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WAF crude tanker rates soften amid regional tonnage overhang
Freight rates for the West African dirty tanker segment have declined significantly over the past week, with sources pointing to...
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Baltic index dips on weaker capesize rates
The Baltic Exchange’s dry bulk sea freight index slipped on Monday as lower capesize rates offset gains in smaller vessel...
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Global freight, insurance, crew wages to spike as Israel attacks Iran: shippers
Global shipping freight, insurance, and crew wages will likely increase significantly in the near term after Israel launched a retaliatory...
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Reflecting on One Year of CII Regulations: Navigating Decarbonization in Shipping
As we mark one year since the enforcement of the Carbon Intensity Indicator (CII) regulation, the maritime industry is reflecting...
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Recent News
- Baltic Dry Index Down for 4th Day In A Row
- Future Fuels, Real Results: AAL Improves Fleet Efficiency by 19% as Maritime Regulations Tighten
Gasoline loadings to Europe hit counter-seasonal record
Chinese industrial production up more than expected in August- Ukraine enhances maritime safety and Special Maritime Corridor operations