News Flash

VLSFO cash premium extends slide on selling interest

VLSFO cash premium extends slide on selling interest

Asia’s cash premium for very-low sulphur fuel oil (VLSFO) fell for a second straight day as selling interest persisted, while...
Read More
UAE to tighten insurance cover for ships flying its flag

UAE to tighten insurance cover for ships flying its flag

In line with the UAE’s steadfast dedication to safeguarding the local, regional, and global maritime industry through strong regulatory measures,...
Read More
Ports play a major role in reducing shipping emissions, highlighting the limitations of slow-steaming

Ports play a major role in reducing shipping emissions, highlighting the limitations of slow-steaming

The International Maritime Organization (IMO) has long been committed to reducing the industry’s carbon footprint, aiming for a minimum 50%...
Read More
China’s May iron ore imports up 4% y/y on resilient demand, improved steel margins

China’s May iron ore imports up 4% y/y on resilient demand, improved steel margins

China’s imports of iron ore rose 3.95% in May from a year earlier, customs data showed on Wednesday, as the...
Read More
Future maritime leaders invited to help set the course for an inclusive transition to a zero-emission future

Future maritime leaders invited to help set the course for an inclusive transition to a zero-emission future

Yesterday, young people under the age of 30 make up half of the world’s population. Their future depends largely on...
Read More
Baltic rises to over 3-month peak on firm demand for larger vessels Baltic rises to over 3-month peak on firm demand for larger vessels

Baltic rises to over 3-month peak on firm demand for larger vessels Baltic rises to over 3-month peak on firm demand for larger vessels

The Baltic Exchange’s main sea freight index rose on Wednesday to scale its highest in more than three months, on...
Read More
Trans-Pacific spot container shipping rates are inching up

Trans-Pacific spot container shipping rates are inching up

Shipping lines have pulled Asia-U.S. spot rates off the floor, but it’s a slog: two steps up, one step back,...
Read More
NAPA and Simwave partner to improve access to stability training for seafarers and ship operators

NAPA and Simwave partner to improve access to stability training for seafarers and ship operators

NAPA, a global provider of maritime software and data services, has announced a partnership with Simwave, a leading maritime training...
Read More
Survitec Digitalises Ship Safety Management With A New Interactive Graphical Monitoring Solution, Smarr-Ti

Survitec Digitalises Ship Safety Management With A New Interactive Graphical Monitoring Solution, Smarr-Ti

Global Survival Technology solutions provider Survitec aims to substantially improve onboard ship safety with a new interactive safety management solution....
Read More
WinGD and Mitsubishi Shipbuilding sign MoU for ammonia collaboration

WinGD and Mitsubishi Shipbuilding sign MoU for ammonia collaboration

Swiss marine power company WinGD and Japanese shipbuilder and technology developer Mitsubishi Shipbuilding Co., Ltd. have signed a memorandum of...
Read More
ABS AIP for Provaris’ Innovative Compressed Hydrogen Technology

ABS AIP for Provaris’ Innovative Compressed Hydrogen Technology

ABS has presented Provaris Energy with an approval in principle (AIP) for its innovative gaseous hydrogen floating storage concept in...
Read More
ENGINE: East of Suez Bunker Fuel Availability Outlook

ENGINE: East of Suez Bunker Fuel Availability Outlook

Singapore Demand has been average in Singapore so far this week. Securing VLSFO and HSFO stems in Singapore can be...
Read More
HSFO back in premium; Saudi crude output cut seen bullish

HSFO back in premium; Saudi crude output cut seen bullish

Asia’s spot market for 180-cst high sulphur fuel oil (HSFO) flipped back into a small premium on Tuesday on firmer...
Read More
Anemoi scales up Rotor Sail technology to boost maritime sector’s decarbonization efforts

Anemoi scales up Rotor Sail technology to boost maritime sector’s decarbonization efforts

Anemoi Marine Technologies, a leading UK-based developer of Rotor Sails for the global shipping industry, is enhancing its efforts to...
Read More
South Korea’s ‘Big 3’ Shipbuilders Enter 14 Trillion Won Negotiations for Qatar LNG Vessels

South Korea’s ‘Big 3’ Shipbuilders Enter 14 Trillion Won Negotiations for Qatar LNG Vessels

HD Hyundai Heavy Industries, Hanwha Ocean, and Samsung Heavy Industries, collectively known as the Big 3 of South Korean shipbuilding,...
Read More
Ports in China’s oil hub Shandong scrutinizing old tankers -sources

Ports in China’s oil hub Shandong scrutinizing old tankers -sources

Ports in China’s Shandong province are demanding more detailed information about oil tankers that are more than 15 years old...
Read More
Port Freeport completes $146m expansion

Port Freeport completes $146m expansion

On 14 November 2019, the Port Freeport Commissioners approved a construction contract with McCarthy Building Companies, Inc. for the expansion...
Read More
Biofuels to play significant role in decarbonising shipping: DNV

Biofuels to play significant role in decarbonising shipping: DNV

The report “Biofuels in Shipping” covers the current state of biofuel production, considerations for using biofuels on vessels, the regulatory...
Read More
Shipping’s fuel challenge urgency grows as emissions regulations tighten

Shipping’s fuel challenge urgency grows as emissions regulations tighten

Shipping’s emissions – measured on a tank-to-wake basis – are likely to contribute 2.1% of global carbon dioxide emissions this...
Read More
US coal employment on upswing, but production remains relatively flat

US coal employment on upswing, but production remains relatively flat

Total quarterly coal production across the United States has held relatively flat since late 2021, but average employment in the...
Read More