News Flash

French Strikes Snarl Ports, Leaving Millions of Barrels of Oil Stranded on Tankers

French Strikes Snarl Ports, Leaving Millions of Barrels of Oil Stranded on Tankers

Strikes in France have brought the country’s oil refineries close to a halt, driving a backlog of tankers stuck in...
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Baltic index inches lower on weak supramax demand

Baltic index inches lower on weak supramax demand

The Baltic Exchange’s dry bulk sea freight index dipped on Thursday as declines in the supramax vessel rates outweighed gains...
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Contagion risks loom over Adani Transmission and Adani Ports

Contagion risks loom over Adani Transmission and Adani Ports

Ratings agency Fitch has said that two Adani Group subsidiaries are exposed to heightened contagion risks as a result of...
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Online exams to continue following successful pilot project

Online exams to continue following successful pilot project

A pilot scheme to allow candidates for the Officer of the Watch (OOW) deck unlimited qualification to split the exam...
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Ship seized by pirates seen 540 miles west from Gulf of Guinea attack point

Ship seized by pirates seen 540 miles west from Gulf of Guinea attack point

A Danish-owned vessel that was boarded by pirates in the Gulf of Guinea on Saturday was spotted about 540 miles...
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New destinations for Russian products to boost product tanker shipping demand

New destinations for Russian products to boost product tanker shipping demand

The ongoing shift in refined products trade patterns is likely to strengthen the demand for products in 2023, maintaining attractive...
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Wartsila sees role for ethanol in fragmented bunker fuel landscape

Wartsila sees role for ethanol in fragmented bunker fuel landscape

Wartsila is seeing a potential role for ethanol in the shipping industry’s multi-fuel future, with shipowners struggling to find suitable...
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Trans-Atlantic container rates still double pre-COVID levels

Trans-Atlantic container rates still double pre-COVID levels

Container shipping rates are not back to normal quite yet. Trans-Pacific rates have returned to pre-COVID levels, but pricing in...
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Container shipping asked to clean up its act in view of upcoming scrapping wave

Container shipping asked to clean up its act in view of upcoming scrapping wave

Triggered by overcapacity, lower freight rates and the new carbon regulations expected this year, numerous container ships will be sold...
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VLSFO cash premium slides for third straight day

VLSFO cash premium slides for third straight day

Asia’s cash premium for very low sulphur fuel oil (VLSFO) fell for a third consecutive session on Wednesday, weighed by...
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Klaveness Combination Carriers ASA (“KCC”) Environmental Strategy 2023-50: Paving the way for cost-effective decarbonization in shipping

Klaveness Combination Carriers ASA (“KCC”) Environmental Strategy 2023-50: Paving the way for cost-effective decarbonization in shipping

Our course is set on a 45% reduction in carbon intensity by 2030 compared against 2018, driven largely by substantial...
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Shipping Corp to use $22.48m insurance money as capital expenditure

Shipping Corp to use $22.48m insurance money as capital expenditure

The Bangladesh Shipping Corporation – a state-owned oceangoing vessel management authority – has finally received $22.48 million in insurance claims...
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Electricity generated from Tidal Energy will be supplied to an Off-Grid island for the First Time in South East Asia

Electricity generated from Tidal Energy will be supplied to an Off-Grid island for the First Time in South East Asia

A tidal-energy demonstration off the grid* of Singapore will start generating power for the first time in South East Asia....
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Seaspan Announces Completion of Acquisition of Atlas by Poseidon Acquisition Corp.

Seaspan Announces Completion of Acquisition of Atlas by Poseidon Acquisition Corp.

Seaspan Corporation ("Seaspan"), a wholly owned subsidiary of Atlas Corp. ("Atlas" or the "Company") (NYSE: ATCO), today announced that the Company...
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Maersk’s APM Terminals to double capacity in Rotterdam port

Maersk’s APM Terminals to double capacity in Rotterdam port

APM Terminals, a subsidiary of Danish shipping company Maersk MAERSKb.CO, plans to double its capacity at Rotterdam Port, a spokesperson...
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Standard Chartered Played a lead role in Vista Shipping’s USD89.6 million Loan for The Acquisition of LNG-Dual Fuelled Vessels

Standard Chartered Played a lead role in Vista Shipping’s USD89.6 million Loan for The Acquisition of LNG-Dual Fuelled Vessels

Standard Chartered was appointed to lead a USD89.6 million sustainability-linked loan (SLL) for Vista Shipping, a joint venture between Hafnia...
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Nor-Shipping partners to fuel progress with dedicated hydrogen conference

Nor-Shipping partners to fuel progress with dedicated hydrogen conference

Nor-Shipping is partnering with Ocean Hyway Cluster, Norway’s leading Hydrogen network, and cluster organisation Maritime CleanTech to deliver The Second...
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Norsepower secures €28 million from investors to bring sails back to shipping

Norsepower secures €28 million from investors to bring sails back to shipping

Norsepower Oy Ltd., the leading global provider of mechanical sails for large ships, has successfully secured 28 million euros in...
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Kongsberg Maritime to provide design, engineering and equipment on three methanol ready, wind-assisted tankers for Tärntank

Kongsberg Maritime to provide design, engineering and equipment on three methanol ready, wind-assisted tankers for Tärntank

Kongsberg Maritime will supply design, engineering, and equipment for three MGO/Biofuel and methanol-ready tanker ships being built for Danish tanker...
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ICS publishes new landmark practical medical guide which can deliver a remarkable difference in seafarers’ and fishers’ lives on board vessels

ICS publishes new landmark practical medical guide which can deliver a remarkable difference in seafarers’ and fishers’ lives on board vessels

Given the remote nature of shipping, seafarers know that their life may sometimes depend on at-hand practical information readily available...
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