News Flash
Iron Ore Shipments to China are gaining stronger momentum
Iron ore shipments to China surprisingly strengthened in August, seemingly driven by the drop in iron ore prices and preparations...
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DNV: Fleet readiness surges ahead of fuel supply – green transition at a tipping point
By 2030, the alternative-fuelled fleet will be able to burn up to 50 million tonnes of oil equivalent (Mtoe) of...
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Product tanker newbuilding contracting drops 86% to nine-year low
“Between January and August, product tanker newbuilding contracting dropped 86% y/y to 2.6 million deadweight tonnes (DWT) representing a nine-year...
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Tanker Market Fragmented With Performance Varying
The tanker market is fragmented with each class showing varying performance, as a direct result of changing trade flows. In...
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Hi-5 spread narrows amid bearish VLSFO
Asia’s hi-5 fuel oil spread narrowed further on Wednesday as the very low sulphur fuel oil (VLSFO) held onto a...
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ZERO44 warns against the “pooling hype”: New whitepaper shows why alternatives are often the cheaper option
Pooling is often presented as the simplest answer to the requirements of the FuelEU Maritime regulation. But the reality is...
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DNV and HD KSOE to collaborate on next-gen operator training solution
DNV and HD KSOE have announced a strategic collaboration to deploy a next-generation digital twin-based Operator Training Solution (HiDTS-OTS), successfully...
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JERA sees vacuum purchasing of spot LNG as ‘worst-case scenario’: Global CEO
Japan’s largest power generation company, JERA, sees a shortage of LNG supply relative to demand and the vacuum purchasing of...
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Bulk Carrier Operator Norse Ship Management Deploys Inmarsat Nexuswave To Enhance Crew And Operational Connectivity Experience
Inmarsat Maritime, a Viasat company, together with distribution partner Station Satcom have secured an order to install NexusWave on a...
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ABB and Blykalla to collaborate on nuclear power technology for maritime industry
ABB has signed a memorandum of understanding (MoU) with Swedish nuclear energy company Blykalla to support and accelerate the deployment...
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US misses out on billions in China soybean sales midway through peak season
U.S. farmers are missing out on billions of dollars of soybean sales to China halfway through their prime marketing season,...
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A stable cargo marine insurance market but uncertainty looms, warns IUMI
At today’s International Union of Marine Insurance (IUMI) annual conference in Singapore, Mike Brews, Chair of the IUMI Cargo...
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Greek Shipping Fleet on the Rise
The Greek fleet rose by 2.9% yoy in DWT terms bringing the total to 488.6m DWT in 2024. In absolute...
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Ship Recycling Still Looking for Solid Ground
The ship recycling market has remained largely unchanged and lackluster over the past week. In its latest weekly report, a...
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Bound4blue scores first LPG contract with unique non-explosion proof eSAIL solution for BWEK
BW Epic Kosan (BWEK), a world leader in LPG, petrochemicals and speciality gas transportation, has signed an agreement with bound4blue...
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Alpha Bulkers Partners with Weathernews to Enhance Fleet Performance
Greek dry-bulk operator signs up for global weather intelligence provider’s Total Fleet Management Solution (TFMS) including comprehensive monitoring, optimization and...
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UK seafaring community could nearly halve by 2040
A report commissioned by the Maritime Charities Group has found that the number of UK seafarers could fall dramatically by...
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Ships will be able to load more TMX oil by early 2027, Trans Mountain exec says
Canadian pipeline operator Trans Mountain expects dredging works at the port in Vancouver to be completed at the end of...
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Crisis-prone France sinks deeper into debt quagmire
The collapse of France’s latest government leaves the euro zone’s second-biggest economy lurching deeper into a morass of feeble growth,...
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Iron ore rallies on Simandou supply concerns, restocking demand
Iron ore futures climbed for a sixth straight session on Tuesday, driven by mounting concerns over supply prospects from the...
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