News Flash

‘Whipsaw effect’ on demand and investment will result in consolidation and bankruptcies across freight markets, says leading analyst

‘Whipsaw effect’ on demand and investment will result in consolidation and bankruptcies across freight markets, says leading analyst

Heavy investment at the height of the pandemic has created excess capacity across freight markets and modes of transport, both...
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Baltic index extends losses as demand for larger vessels wane

Baltic index extends losses as demand for larger vessels wane

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for a fourth straight...
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FUTURESHIPS: An Innovative Independent Ship Brokerage Firm Launching in Hong Kong and London to Address the Changing Shipping Industry

FUTURESHIPS: An Innovative Independent Ship Brokerage Firm Launching in Hong Kong and London to Address the Changing Shipping Industry

In response to developments in regulatory frameworks, digitization, safety standards, and societal expectations within the global commercial shipping industry, a...
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Ship arrested to force the owner to settle unpaid debts.

Ship arrested to force the owner to settle unpaid debts.

The International Transport Intermediaries Club (ITIC) – a mutual insurer that provides professional indemnity cover for transport intermediaries operating in...
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Panama Achieves The General Secretariat Of The International Maritime Organization (IMO)

Panama Achieves The General Secretariat Of The International Maritime Organization (IMO)

Today Panama obtained the necessary votes for the General Secretariat of the International Maritime Organization (IMO) for the period 2024-2027...
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W. Africa Crude-Angola to ship 31 cargoes in Sep; Forcados still suspended.

W. Africa Crude-Angola to ship 31 cargoes in Sep; Forcados still suspended.

Angola is expected to offer 31 cargoes in September, the lowest number planned in five months, according to a preliminary...
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Asia Fuel Oil-VLSFO slides into deeper discount.

Asia Fuel Oil-VLSFO slides into deeper discount.

Asia’s cash differential for very-low sulfur fuel oil (VLSFO) slumped into a deeper discount to Singapore quotes on Tuesday, as...
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US shale oil/natgas output set to fall for the first time since Dec. -EIA

US shale oil/natgas output set to fall for the first time since Dec. -EIA

U.S. shale oil and natural gas production will fall in August for the first time since December, the U.S. Energy...
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India needs to grow at 7.6% a year for 25 years to be a developed nation -cenbank bulletin.

India needs to grow at 7.6% a year for 25 years to be a developed nation -cenbank bulletin.

India will need to grow at a rate of 7.6% annually for the next 25 years to become a developed...
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Insurers reviewing Black Sea ship cover after Russia suspension – sources.

Insurers reviewing Black Sea ship cover after Russia suspension – sources.

Insurers are reviewing whether to freeze cover for any ships willing to sail to Ukraine after Russia said on Monday...
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Morgan Stanley’s profit drops 14% as the deal drought persists.

Morgan Stanley’s profit drops 14% as the deal drought persists.

Morgan Stanley’s profit beat estimates as growth in its wealth management business offset lower trading revenue in the second quarter,...
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The Baltic index extends its decline on weak demand for larger vessels.

The Baltic index extends its decline on weak demand for larger vessels.

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for a third straight...
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Samsung Heavy Industries celebrates winning a 3.9 trillion KRW shipbuilding contract

Samsung Heavy Industries celebrates winning a 3.9 trillion KRW shipbuilding contract

Samsung Heavy Industries has signed a large-scale eco-friendly shipbuilding contract worth nearly KRW 4 trillion and is getting closer to...
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Russia’s seaborne oil product exports rose in June -sources and Reuters calculations

Russia’s seaborne oil product exports rose in June -sources and Reuters calculations

Russia’s seaborne oil product exports in June rose by 1.2% month on month to 9.824 million metric tons as seasonal...
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Rain raises Rhine river levels in Germany; north still too shallow

Rain raises Rhine river levels in Germany; north still too shallow

Water levels on the river Rhine in Germany have risen sharply after heavy rain in southern regions but are still...
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World Fuel Services completes first LNG bunkering in China for Hapag-Lloyd

World Fuel Services completes first LNG bunkering in China for Hapag-Lloyd

World Fuel Services Corporation has completed a milestone LNG bunkering operation for the refueling of a carrier at a Chinese...
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‘ME-GA-opti’ Optimises Combustion Onboard LNG Carrier Newbuilding

‘ME-GA-opti’ Optimises Combustion Onboard LNG Carrier Newbuilding

The first LNG carrier in a series currently under construction by Samsung Heavy Industries (SHI) in Korea has completed gas...
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New Unified Container Inspection & Repair Criteria address contaminating pests

New Unified Container Inspection & Repair Criteria address contaminating pests

The international supply chain is probably one of the most complex networks man has created, carrying 250 million containers every...
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RightShip and Port of London Authority partner to support maritime decarbonization

RightShip and Port of London Authority partner to support maritime decarbonization

RightShip, a leading ESG-focused digital maritime platform, has today announced a partnership to collaborate with the Port of London Authority...
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Baltic index slips on weaker vessel demand

Baltic index slips on weaker vessel demand

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Monday, pressured by...
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