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Red Sea shipping stages fragile uptick as US continues to hit Houthi sites

Tanker and commercial shipping traffic through the Red Sea show signs of a fragile recovery from recent lows, according to...
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As more tankers divert from Suez Canal, there’s a ‘sea change’ in way Europe is buying crude

As more tankers divert from Suez Canal, there’s a ‘sea change’ in way Europe is buying crude

Energy prices for Europe are expected to increase as more petroleum products and crude tankers are diverting away from the...
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Baltic index rises on higher freight activity, fewer ships

Baltic index rises on higher freight activity, fewer ships

The Baltic Exchange’s dry bulk sea freight index climbed on Wednesday, as rates across ship segments rose amid increased freight...
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Foreign direct investment in developing economies fell 9% in 2023

Foreign direct investment (FDI) flows to developing countries fell by 9% to $841 billion in 2023, according to UNCTAD’s latest...
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Russia’s Ust-Luga port continues crude, fuel exports while Novatek terminal shut

Russia’s Ust-Luga port continues crude, fuel exports while Novatek terminal shut

The Baltic Sea port of Ust-Luga was exporting crude oil and fuel on Tuesday apart from at Novatek’s NVTK.MM terminal...
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Iron ore climbs to over one-week high as China pledges to stabilise market

Iron ore climbs to over one-week high as China pledges to stabilise market

Iron ore futures climbed on Tuesday to their highest level in more than a week, as investor confidence was boosted...
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CMA CGM SCANDOLA, the Group’s first LNG-powered containership to call West African Ports

The CMA CGM Group, a global player in sea, land, air and logistics solutions, announces the upcoming arrival of CMA...
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GTMaritime adds Greek office and sales management experience to meet growing demand for services

GTMaritime adds Greek office and sales management experience to meet growing demand for services

Leading provider of secure maritime data communications software, GTMaritime, has responded to growing demand for its products and services by...
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WinGD X-DF advances underpin QatarEnergy phase two success

WinGD X-DF advances underpin QatarEnergy phase two success

Swiss marine power company WinGD is expecting to secure the majority of dual-fuel engine orders for LNG carriers being built...
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Marasco Marine Ltd: Cultivating a Legacy of Risk Prevention in Maritime Ventures

Marasco Marine Ltd: Cultivating a Legacy of Risk Prevention in Maritime Ventures

In the ever-evolving and challenging seas of the maritime industry, Marasco Marine Ltd distinguishes itself as a dedicated advisor in...
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Baltic index slips on weaker capesize rates

Baltic index slips on weaker capesize rates

The Baltic Exchange’s dry bulk sea freight index slipped on Tuesday and snapped a three-session winning streak, weighed down by...
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Asia Fuel Oil-Spot market rangebound; heavy supply arrivals cap recovery

Spot fuel oil premiums were rangebound in Asia on Tuesday, with heavy supply arrivals capping potential recovery. Singapore’s cargo cash...
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Chemfleet adds three ships to Berg energy efficiency upgrade after verifying 10% fuel savings

Chemfleet adds three ships to Berg energy efficiency upgrade after verifying 10% fuel savings

Specialized ship manager Chemfleet has confirmed that an in-service Berg Propulsion upgrade to control systems onboard the tanker YM Miranda...
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MAN Cryo Wins Approval for Ammonia Fuel-Supply System

MAN Cryo has announced that its design for an ammonia fuel-supply system to safely provide ammonia to marine-engine applications has...
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Russia’s February oil exports to be stable from January

Russia’s February oil exports to be stable from January

Russia plans to keep February oil exports from its western sea ports little changed from January, but winter weather and...
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Iron ore consolidates as traders ponder demand outlook

Iron ore consolidates as traders ponder demand outlook

Iron ore futures were in a tight range on Monday, with the Dalian benchmark ticking up and Singapore prices receding,...
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Saudi Arabia’s November crude exports hit 5-month high

Saudi Arabia’s November crude exports hit 5-month high

Saudi Arabia’s crude oil exports in November climbed to their highest level in five months and marked a third straight...
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MOL Establishes ‘MOL Group Safety Vision’- Targeting the world’s highest level of safety

Mitsui O.S.K. Lines, Ltd. has been committed to pursue the world’s highest level of safety culture. Today, MOL announced the...
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Fewer markets are importing Russia’s coal

Fewer markets are importing Russia’s coal

Russia’s reliance on four, mainly Asian, countries to import its coal has increased since some countries implemented sanctions against Russia...
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Hapag-Lloyd to offer land transit through Saudi Arabia amid Red Sea disruption

Hapag-Lloyd to offer land transit through Saudi Arabia amid Red Sea disruption

German shipping group Hapag-Lloyd HLAG.DE will continue to route its vessels around the Cape of Good Hope until further notice...
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