News Flash

Hong Kong Completes First Green Methanol Bunkering, Driving Green Transformation of Its International Shipping Hub

Hong Kong Completes First Green Methanol Bunkering, Driving Green Transformation of Its International Shipping Hub

5 March 2026, the world’s first methanol dual-fuel roll-on/roll-off vessel, CM HONG KONG, successfully completed its first green methanol bunkering...
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HD Korea Shipbuilding wins $198m order for two crude carriers from Greece

HD Korea Shipbuilding wins $198m order for two crude carriers from Greece

HD Korea Shipbuilding & Offshore Engineering, the mid-tier shipbuilding holding company of HD Hyundai, said on the 6th it signed...
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Middle East war traps 20,000 seafarers, 15,000 cruise passengers in Gulf

Middle East war traps 20,000 seafarers, 15,000 cruise passengers in Gulf

Around 20,000 seafarers and 15,000 cruise ship passengers are stuck in the Gulf because of the Middle East war, the...
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TEN, Ltd. Reports Profits for the Twelve-Months and Fourth Quarter Ended December 31, 2025

TEN, Ltd. Reports Profits for the Twelve-Months and Fourth Quarter Ended December 31, 2025

TEN, Ltd Friday reported results (unaudited) for the twelve months and fourth quarter ended December 31, 2025. TWELVE MONTHS 2025...
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CMA CGM Reports 2025 Results With Shipping Lines In the Forefront

CMA CGM Reports 2025 Results With Shipping Lines In the Forefront

On the occasion of the publication of the 2025 financial results, Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA...
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Middle East Conflict: Airspace Closures to Cause Supply Chain Chaos and Spiralling Freight Rates

Middle East Conflict: Airspace Closures to Cause Supply Chain Chaos and Spiralling Freight Rates

Airspace closures linked to escalating Middle East conflict are removing significant air cargo capacity from the market, driving disruption across...
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Diana Shipping Inc. Increases Offer to Acquire Genco Shipping & Trading in Partnership With Star Bulk Carriers

Diana Shipping Inc. Increases Offer to Acquire Genco Shipping & Trading in Partnership With Star Bulk Carriers

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, that owns...
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Asia crackers declare force majeure over naphtha crunch

Asia crackers declare force majeure over naphtha crunch

Escalating tensions in the Middle East Gulf have placed 57%, 1.33mbd, of Asia’s naphtha imports under a potential threat (share...
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Star Bulk to Acquire 16 Vessels from Diana Shipping Inc. Conditional Upon the Success of Its Offer to Acquire Genco Shipping & Trading Ltd

Star Bulk to Acquire 16 Vessels from Diana Shipping Inc. Conditional Upon the Success of Its Offer to Acquire Genco Shipping & Trading Ltd

Star Bulk Carriers Corp., announced it has entered into a conditional Sale and Purchase Agreement (the “SPA”) to acquire sixteen...
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How the Strait of Hormuz shutdown is disrupting dry bulk, LNG freight and trade compliance

How the Strait of Hormuz shutdown is disrupting dry bulk, LNG freight and trade compliance

The Mideast Gulf supplies approximately 20% of global seaborne LNG Over 10 confirmed GNSS interference incidents have occurred since February...
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Baltic Dry Index at Over 3-Week Low

Baltic Dry Index at Over 3-Week Low

The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, was down for a third session...
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HD Korea Shipbuilding wins 4 LNG carrier order, advances toward 2024 target

HD Korea Shipbuilding wins 4 LNG carrier order, advances toward 2024 target

HD Korea Shipbuilding & Offshore Engineering, the intermediate shipbuilding holding company of HD Hyundai, said on the 5th that it...
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Genco Shipping & Trading Limited Announces Delivery of First High Specification Newcastlemax Vessel

Genco Shipping & Trading Limited Announces Delivery of First High Specification Newcastlemax Vessel

Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced...
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China’s shipping giant Cosco halts services to and from Gulf

China’s shipping giant Cosco halts services to and from Gulf

Chinese shipping giant Cosco, which operates one of the world’s biggest oil tanker fleets, announced it was suspending services to...
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Establishment of the Japan-New Zealand Hydrogen Corridor-Study begins toward commercializing hydrogen production in New Zealand and export operations to Japan

Establishment of the Japan-New Zealand Hydrogen Corridor-Study begins toward commercializing hydrogen production in New Zealand and export operations to Japan

Minato-ku,, OBAYASHI CORPORATION, Kawasaki Heavy Industries, Ltd., and Chiyoda Corporation established the Japan–New Zealand Hydrogen Corridor on March 5. The...
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Scorpio Tankers Inc. Announces Vessel Sale Agreements and Time Charter-Out Agreements

Scorpio Tankers Inc. Announces Vessel Sale Agreements and Time Charter-Out Agreements

Scorpio Tankers Inc. announced that it has entered into agreements to sell three product tankers and time charter-out two product...
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Middle East Operational Advisory – Contingency Measures for Selected Gulf Ports

Middle East Operational Advisory – Contingency Measures for Selected Gulf Ports

Further to our previous advisories and considering the evolving security situation in and around the Upper Gulf region, vessel movements...
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SulNox: Pan Marine distribution and fleet adoption

SulNox: Pan Marine distribution and fleet adoption

Sulnox, the greentech company delivering lower fuel costs and emissions with zero capex, is pleased to announce a distribution agreement...
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Message from ICS Chairman Mr. Emanuele Grimaldi on the military conflict in the Strait of Hormuz

Message from ICS Chairman Mr. Emanuele Grimaldi on the military conflict in the Strait of Hormuz

“I have been deeply concerned about the seafarers who are being put in extreme danger in the Strait of Hormuz...
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Pilbara Ports signs MOU with Yara Pilbara on low-carbon ammonia bunkering hub

Pilbara Ports signs MOU with Yara Pilbara on low-carbon ammonia bunkering hub

Pilbara Ports has taken a step further towards development of a low-carbon ammonia bunkering hub (ship re-fuelling) in the Pilbara,...
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