News Flash

Baltic index snaps 3-day losing streak on capesize demand

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, snapped a three-session losing...
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Yemen’s Houthi Rebels Claim Long-Range Drone Strike on Tel Aviv

Yemen's Houthi rebels have claimed responsibility for a drone strike that hit an apartment building in the Israeli city on...
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U.S. Navy Destroyer Helps Rescue 31 People in Eastern Med

On Tuesday, the crew of a U.S. Navy destroyer helped rescue a group of 31 migrants in the Mediterranean, with...
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Liberian Registry Appoints Passenger Ships Expert Capt. Giorgio De Sciora as New Vice President of Regulations and Standards

The Liberian Registry, the world’s largest ship registry, is proud to announce that Capt. Giorgio De Sciora has been hired...
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STAX Engineering Secures $40M to Bring the 3 Largest Shipping Vessel Classes into California Air Resources Board Compliance

STAX Engineering, a pioneer in maritime emissions capture and control, closed a $40M funding round led by Upper90, a leading...
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Dual Fuel Fleet Additions Continue to Rise

Owners are shifting to dual fuel systems in order to achieve net-zero emissions and comply with current environmental standards in...
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Bourbon, Opsealog Form Digital Partnership to Cut OSV Fleet Emissions

Enhanced fleet monitoring and data-driven optimization will be deployed across Bourbon’s global marine and logistics fleet of 104 vessels as...
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CMA CGM Embarks on a Strategic Partnership with Google to Deploy AI across all Shipping, Logistics, and Media Activities

CMA CGM, a global leader in sea, land, air and logistics solutions, and Google announced a strategic partnership to accelerate...
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Dry Bulk Newbuild Contracting Fell 34.2%, Despite a Strong Market

During the first half of 2024, newbuild contracting in the dry bulk sector fell 34.2% y/y despite favourable market conditions....
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Black Sea Suezmax Freight Tumbles Amid Weak August Demand

Freight rates for Suezmax voyages loading in the Caspian Pipeline Consortium and discharging in the Mediterranean dropped substantially on the...
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Port Of Long Beach Container Volume Up 15.3% To 835,412 Teus In June 2024

According to the company's release, the Port of Long Beach achieved its most active June and busiest quarter on record,...
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Salvage Team To Start Pumping Fuel From Grounded Vessel On South African Coast

Authorities said on Wednesday, according to Reuters, that a salvage team hopes to take advantage of a respite in the...
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LNG Carrier Completes Arctic Voyage To China In 18 Days

Liquefied Natural Gas (LNG) carrier Eduard Toll completed an early-season eastbound voyage along Russia’s Northern Sea Route arriving in Xiuyu,...
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Yangzijiang To Invest $412 Million In Shipyard Expansion

According to Seatrade Maritime, Yangzijiang Shipbuilding plans to expand its facilities, focusing on LNG and clean energy vessels. The Singapore-listed...
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Helsinki, Tallinn Ports Get €15m EU Funding

The Port of Helsinki announced in a press release on Tuesday that a twin-port project of the Port of Helsinki...
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Russia Ships First Grain from New Baltic Terminal

The Russian agricultural watchdog told Reuters that Russia has shipped its first grain from a new terminal at the Baltic...
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Asia Fuel Oil-VLSFO Firms On Stronger Bids For August Cargoes

Spot premiums for Very Low Sulphur Fuel Oil (VLSFO) firmed in Asia on Wednesday, led by higher-priced bids for cargoes...
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Baltic Index Hits One-Month Low As Capesize Rates Slide

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell for the third...
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Maersk Says Red Sea Shipping Disruption Having Global Effects

Denmark’s A.P. Moller-Maersk said on Wednesday that disruption to its container shipping via the Red Sea had extended beyond trade...
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Greek Navy Extends Advisory To Curb Russian Oil Ship-To-Ship Transfers, Sources Say

Three sources said the Greek navy this week extended an advisory effectively banning ship traffic off the coast of the...
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