News Flash

The baltic index falls on lower capesize rates

The baltic index falls on lower capesize rates

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, edged lower on Monday, pressured...
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Sanctions stigma proves troubling for ship owners lightering Iranian crude off USGC

Sanctions stigma proves troubling for ship owners lightering Iranian crude off USGC

The Suez Rajan, carrying Iranian-grade crude oil, is currently at anchor off the US Gulf Coast after the US government...
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Greenpeace Blockades Tanker Shipment of Wastewater From Norway

Greenpeace Blockades Tanker Shipment of Wastewater From Norway

On Sunday, four activists from Greenpeace Nordic briefly delayed a tanker carrying wastewater from the Norwegian oil industry to Denmark....
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China, South Korea Reach Deal to Curb China’s, Illegal-Fishing Fleet

China, South Korea Reach Deal to Curb China’s, Illegal-Fishing Fleet

China and South Korea have agreed to work together in curbing the longstanding problem of IUU (Illegal, Unreported, and Unregulated)...
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Archaeologists Plan to Raise Ancient Hand-Sewn Vessel off Croatia

Archaeologists Plan to Raise Ancient Hand-Sewn Vessel off Croatia

Marine archaeologists are preparing to raise a hand-sewn boat dating back over 3,200 years from the bottom of the Mediterranean...
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China’s port throughput boosted by foreign trade growth

China’s port throughput boosted by foreign trade growth

hopped on an elevator to reach his workstation 50 meters above the ground and started the day of “heavy lifting”....
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UAE’s Fujairah marine fuel sales hit four-month highs in May

UAE’s Fujairah marine fuel sales hit four-month highs in May

Sales of marine fuel, also known as bunker fuel, hit four-month highs in May at the UAE’s Fujairah, recovering for...
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Supertanker rate roller coaster: Surprise spike to $91,000 per day

Supertanker rate roller coaster: Surprise spike to $91,000 per day

The supertanker business has a reputation for being one of the most volatile freight markets in the world. It’s living...
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For ILWU, West Coast port deal to be union-ratified, here’s what has to happen next

For ILWU, West Coast port deal to be union-ratified, here’s what has to happen next

West Coast port management and the labor union representing port workers reached a tentative deal late on Wednesday after the...
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CargoShare Looking to transform the Chartering Procedure

CargoShare Looking to transform the Chartering Procedure

CargoShare is a software solution that aims to bring innovation to the maritime industry by transforming the chartering procedure into...
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Asian spot LNG prices rise to a 3-month high tracking European prices.

Asian spot LNG prices rise to a 3-month high tracking European prices.

Asian spot liquefied natural gas (LNG) prices reversed their multi-week downward trend and rose to a three-month high this week,...
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Asia-US container rates pull back; USWC ports, dockworkers agree to a new deal

Asia-US container rates pull back; USWC ports, dockworkers agree to a new deal

Shipping container rates from East Asia and China to the US pulled back after surging last week, West Coast ports...
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Hundreds Feared Dead in Migrant Boat Sinking Off Greece

Hundreds Feared Dead in Migrant Boat Sinking Off Greece

About 104 people have been rescued, 78 have been confirmed dead and hundreds more are missing after a large migrant...
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LNG Will Be the Most Affordable Compliance Option for EU GHG Rules

LNG Will Be the Most Affordable Compliance Option for EU GHG Rules

LNG has its critics in environmental circles, but its fiscal attractiveness is clear, according to the industry advocacy group SEA-LNG....
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Mitsui O.S.K. Lines, Ltd. (MOL) makes strategic investment in Ascension Clean Energy Leading global shipping company’s latest shareholder in the planned Louisiana clean hydrogen-ammonia production facility

Mitsui O.S.K. Lines, Ltd. (MOL) makes strategic investment in Ascension Clean Energy Leading global shipping company’s latest shareholder in the planned Louisiana clean hydrogen-ammonia production facility

MOL Clean Energy, US, LLC (“MCE”), a 100% subsidiary of Mitsui O.S.K. Lines, Ltd. (MOL), and Clean Hydrogen Works, LLC...
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People, Technology, Sustainability, and Partnership at the heart of the Columbia Group launch

People, Technology, Sustainability, and Partnership at the heart of the Columbia Group launch

The launch of the Columbia Group is an exciting milestone in its journey to create a stronger, more integrated organization...
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Tentative US West Coast port contract deal reached, union and Employers say

Tentative US West Coast port contract deal reached, union and Employers say

The Longshore union and employers of 22,000 dockworkers at U.S. West Coast ports on Wednesday said they have reached a...
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VLSFO firms despite the recent Al Zour tender

VLSFO firms despite the recent Al Zour tender

Asia’s very-low sulfur fuel oil (VLSFO) market strengthened on Thursday, despite a term tender issued recently by Kuwait’s Al Zour...
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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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