News Flash

Port of Rotterdam Authority go ahead with construction of the new site on Maasvlakte II

Port of Rotterdam Authority go ahead with construction of the new site on Maasvlakte II

On 19 June 2023, the Port of Rotterdam Authority signed a contract with Boskalis for the construction of around 40...
Read More
U.S. oil refiners again expand fuel capacity after big shrink

U.S. oil refiners again expand fuel capacity after big shrink

U.S. crude oil refining capacity has reversed two years of decrease and mounts up by more than 100,000 barrels, to...
Read More
Demonstrative Test Sail of a Tugboat Using Marine Biodiesel Fuel at Nagoya Port-Efforts Toward Decarbonization

Demonstrative Test Sail of a Tugboat Using Marine Biodiesel Fuel at Nagoya Port-Efforts Toward Decarbonization

  “K” Line Port Service Co., Ltd., a group company of Kawasaki Kisen Kaisha., Ltd. (“K” LINE), conducted a demonstrative...
Read More
IAPH supports methanol bunkering at ports with safety checklists

IAPH supports methanol bunkering at ports with safety checklists

Methanol comes out as a potential alternative bunkering fuel for shipping. When generated from sustainable hydrogen and CO2 by direct...
Read More
Bringing a Green Future Closer: RINA awards AiP for AURELIA’s Green Retrofit Solution for 205k DWT Bulk Carrier

Bringing a Green Future Closer: RINA awards AiP for AURELIA’s Green Retrofit Solution for 205k DWT Bulk Carrier

RINA has been awarded Approval in Principle (AiP) for a green retrofit package solution planned by the innovative naval architecture...
Read More
Drought-hit Panama Canal further restricts the maximum ship depth

Drought-hit Panama Canal further restricts the maximum ship depth

The Panama Canal will widen restrictions on the largest ships crossing the waterway, one of the world’s hard-pressed trade passages,...
Read More
Container shipping divide: Cargo rates weaken, ship rents ‘robust’

Container shipping divide: Cargo rates weaken, ship rents ‘robust’

Everyone knew the container shipping boom would end — it was a one-off spike driven by a pandemic and government...
Read More
Maersk to pioneer first container vessel conversion to methanol dual-fuel engine

Maersk to pioneer first container vessel conversion to methanol dual-fuel engine

As the first in the shipping industry, A.P. Moller – Maersk (Maersk) will retrofit an existing ship to a dual-fuel...
Read More
Cheniere and Equinor Sign Long-Term LNG Sale and Purchase Agreement

Cheniere and Equinor Sign Long-Term LNG Sale and Purchase Agreement

Cheniere Energy, Inc. announced that Cheniere’s subsidiary, Cheniere Marketing, LLC (“Cheniere Marketing”), has commenced a long-term liquefied natural gas (“LNG”)...
Read More
Baltic index hits near 4-week hike on Capesize strength

Baltic index hits near 4-week hike on Capesize strength

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, adjourn to a nearly four-week...
Read More
Top Ships Inc. Announces Proposed Spin-Off Creating a New Suezmax Tanker Company

Top Ships Inc. Announces Proposed Spin-Off Creating a New Suezmax Tanker Company

TOP Ships Inc., an international owner, and operator of modern, fuel-efficient “ECO” tanker vessels, announced today the filing of a...
Read More
UN chief calls for acceleration of Black Sea grain deal exports

UN chief calls for acceleration of Black Sea grain deal exports

United Nations Secretary-General Antonio Guterres called for an acceleration of Black Sea grain shipments from Ukrainian ports under a deal...
Read More
VLSFO eases for a second day, recent rally cools

VLSFO eases for a second day, recent rally cools

Asia’s spot market for very-low sulphur fuel oil (VLSFO) softened for a second consecutive session on Wednesday, a sign that...
Read More
Big 3 Korean Shipbuilders See Orders Worth 136 Trillion Won

Big 3 Korean Shipbuilders See Orders Worth 136 Trillion Won

HD Hyundai Heavy Industries, Samsung Heavy Industries, and Hanwha Ocean, three major Korean shipbuilders, have accumulated orders worth over 130...
Read More
Transportation Recovery Fund joins Tankers International VLCC Pool as demand for diverse fleets continues

Transportation Recovery Fund joins Tankers International VLCC Pool as demand for diverse fleets continues

Tankers International, the world’s largest shipping pool for VLCCs, has announced today that Transportation Recovery Fund (TRF) operated vessel the...
Read More
ExxonMobil and Evergreen Line have completed the delivery of marine biofuel oil in the port of Singapore

ExxonMobil and Evergreen Line have completed the delivery of marine biofuel oil in the port of Singapore

ExxonMobil successfully completed a commercial marine biofuel oil bunkering in the port of Singapore on 1st April 2023. Evergreen Line’s...
Read More
Panama Canal Further Restricts Drafts Due to Falling Water Levels

Panama Canal Further Restricts Drafts Due to Falling Water Levels

In an advisory to shipping the Panama Canal Authority (ACP) announced further restrictions for the maximum authorized draft in locks...
Read More
China Retrofits Bulker with First Domestically-Built Wind Rotor Sails

China Retrofits Bulker with First Domestically-Built Wind Rotor Sails

China State Shipbuilding (CSSC) is reporting that it completed the first installation of a domestically designed and built rotor on...
Read More

Benchmarks jump, Dubai supported by strong bids from majors

Middle East crude benchmarks Oman, Dubai and Murban jumped on Tuesday, gaining for a third straight session. Cash Dubai was...
Read More
Asia’s gasoline blenders keen to boost octane as reforming spread hits over 9-month high

Asia’s gasoline blenders keen to boost octane as reforming spread hits over 9-month high

The substantial expansion in the Singapore reforming spread, fueled by relatively high gasoline values and a weak naphtha complex, has...
Read More