News Flash

Baltic index extends gains on stronger vessel rates

Baltic index extends gains on stronger vessel rates

The Baltic Exchange’s main sea freight index rose for a tenth straight session on Thursday, supported by higher rates across...
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Bangladesh seeks 9 LNG cargoes for the second half of the year – official

Bangladesh seeks 9 LNG cargoes for the second half of the year – official

Bangladesh plans to buy nine cargoes of liquefied natural gas (LNG) from the spot market for the second half of...
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Supertanker freight rates jump as Mideast crude exports to Asia rise

Supertanker freight rates jump as Mideast crude exports to Asia rise

The costs of chartering supertankers to move crude oil from the Middle East to Asia have jumped to the highest...
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Safer pilot transfers are still needed according to The BMA

Safer pilot transfers are still needed according to The BMA

Despite the success of the Concentrated Inspection Campaign (CIC) for pilot transfer arrangements instigated by The Bahamas Maritime Authority (BMA)...
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Vela unveils its unique sailing cargo trimaran: an innovative ship for 100% wind powered transportation

Vela unveils its unique sailing cargo trimaran: an innovative ship for 100% wind powered transportation

VELA, committed to the decarbonization of the maritime freight industry, has proudly unveiled the design of its first-of-its-kind trimaran cargo...
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Port of Long Beach Sees Progress in May

Port of Long Beach Sees Progress in May

The Port of Long Beach in May reached its strongest month so far in 2023, raising mid-year hopes of a...
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Growth in global oil demand is set to slow significantly by 2028

Growth in global oil demand is set to slow significantly by 2028

Growth in the world’s demand for oil is set to slow almost to a halt in the coming years, with...
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Black Sea Grain Initiative exports up 65% since last week, but few ships are entering ports

Black Sea Grain Initiative exports up 65% since last week, but few ships are entering ports

Last week, between 5 and 11 June, the volume of agricultural products exported via the Black Sea Grain Initiative increased...
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Kalmar introduces Electric Straddle Carrier Charge Family, further expanding its eco-efficient portfolio of fully electric equipment

Kalmar introduces Electric Straddle Carrier Charge Family, further expanding its eco-efficient portfolio of fully electric equipment

Kalmar, part of Cargotec, has announced the launch of the Electric Straddle Carrier Charge Family, the latest addition to its...
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Hyundai Vietnam Shipbuilding wins order for 2 oil and chemical tankers

Hyundai Vietnam Shipbuilding wins order for 2 oil and chemical tankers

Hyundai Vietnam Shipbuilding Co., a unit of South Korean shipbuilding, oil refining and machinery conglomerate HD Hyundai, said Wednesday it...
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MOL and JERA Signs Long-Term Charter Deal for Newbuilding LNG Carrier

MOL and JERA Signs Long-Term Charter Deal for Newbuilding LNG Carrier

Mitsui O.S.K. Lines, Ltd. announced the signing of a long-term charter contract for a newbuilding LNG carrier with a vessel...
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Korean Shipbuilders Likely to Receive Reflective Benefits from Cross-strait Conflict

Korean Shipbuilders Likely to Receive Reflective Benefits from Cross-strait Conflict

A cross-strait conflict between Taiwan and China is creating new opportunities for the Korean shipbuilding industry. Taiwanese shipping companies and...
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Confusion reigns as labor dispute ‘fog’ blankets West Coast ports

Confusion reigns as labor dispute ‘fog’ blankets West Coast ports

There’s the fog of war and there’s the fog of West Coast port labor disruptions. More than a year after...
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Baltic index hits two-week high on smaller vessels demand

Baltic index hits two-week high on smaller vessels demand

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, edged higher on Wednesday, aided...
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China cuts short-term borrowing costs to support recovery

China cuts short-term borrowing costs to support recovery

China’s central bank lowered a short-term lending rate for the first time in 10 months on Tuesday, to help restore...
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Survitec Expands UK Servicing Capability With New Service Centre At Port Of Southampton

Survitec Expands UK Servicing Capability With New Service Centre At Port Of Southampton

Global Survival Technology solutions provider Survitec has completed a major expansion of its UK servicing capability with the opening of...
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Kalmar launches world’s most sustainable reachstacker made using emission-free steel

Kalmar launches world’s most sustainable reachstacker made using emission-free steel

Kalmar, part of Cargotec, has today announced the introduction of a range of new sustainability options for its eco-efficient electric...
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World Fuel Services to begin bunkering operations in Jamaica with Scott Petroleum

World Fuel Services to begin bunkering operations in Jamaica with Scott Petroleum

The creation of a physical supply network for bunker fuel supply in Jamaica, a major bunkering hub in the Caribbean,...
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Thordon Tailshaft Package Selected After Competitor Solution Wears Nirsa Down

Thordon Tailshaft Package Selected After Competitor Solution Wears Nirsa Down

Ecuador’s foremost tuna fishing operator NIRSA has completed a project to convert the tailshaft seals and bearings aboard the 1973-built...
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WinGD enhances fuel-flexible efficiency with Variable Compression Ratio

WinGD enhances fuel-flexible efficiency with Variable Compression Ratio

Swiss marine power company WinGD has introduced a core engine technology that for the first time eliminates the need for...
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