News Flash

Globus Maritime offloads ageing supramax for $14m

Globus Maritime offloads ageing supramax for $14m

Greek bulker owner Globus Maritime has sold its 2007-built supramax Sun Globe to an unaffiliated third party for $14.1m. Industry sources say...
Read More
DNV recovers from fleet management system ransomware attack

DNV recovers from fleet management system ransomware attack

DNV announced all users are back online on its dedicated ShipManager servers after the ransomware attack earlier this year. The Norwegian...
Read More
ONE Adds to Orderbook with Order for Ten Large Containership

ONE Adds to Orderbook with Order for Ten Large Containership

Despite falling freight rates and uncertainty regarding consumer demand, container shipping’s ordering spree continues with Japanese shipping line Ocean Network Express announcing...
Read More
UAE Bunkering Hub Falling Behind on Alternative Fuels

UAE Bunkering Hub Falling Behind on Alternative Fuels

UAE’s Fujairah must step up investments for storage and supply of new alternative fuels as these markets are still lacking...
Read More
TFG Marine targets 20% bunker sales rise through expansion

TFG Marine targets 20% bunker sales rise through expansion

TFG Marine, majority owned by commodities trader Trafigura, aims to increase its marine fuel sales volume by up to 20%...
Read More
Seanergy Maritime Remains Confident of Dry Bulk Market’s Prospects Moving Forward

Seanergy Maritime Remains Confident of Dry Bulk Market’s Prospects Moving Forward

Seanergy Maritime Holdings Corp., announced today its financial results for the fourth quarter and twelve months ended December 31, 2022....
Read More
Baltic index hits near 12-week high on heavy capesize demand

Baltic index hits near 12-week high on heavy capesize demand

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to a near 12-week...
Read More
Tanker sales surge as Ukraine war divides maritime fleet over Russian cargoes

Tanker sales surge as Ukraine war divides maritime fleet over Russian cargoes

The war in Ukraine has spurred a flurry of sales and purchases of oil tankers over the past year as...
Read More
Iceberg, as large as Greater London, poses threat to shipping, fishing, wildlife

Iceberg, as large as Greater London, poses threat to shipping, fishing, wildlife

Scientists are concerned about a massive iceberg, the size of Greater London, which could potentially collide with shipping, fishing and...
Read More
Kazakhstan to ship 20,000 tonnes of crude to Germany in March

Kazakhstan to ship 20,000 tonnes of crude to Germany in March

Kazakhstan plans to ship 20,000 tonnes of crude to Germany this month via the Russian Druzhba pipeline and the same...
Read More
NYK Sends First Ship For Green Recycling in Bangladesh

NYK Sends First Ship For Green Recycling in Bangladesh

Bangladesh-based ship recycling company, PHP Ship Recycling, has achieved a significant milestone by purchasing a ship directly from a shipping...
Read More
MSC Hits New Milestone, Takes Delivery of World’s Largest Containership

MSC Hits New Milestone, Takes Delivery of World’s Largest Containership

The Mediterranean Shipping Company (MSC) received delivery of the world's largest containership in terms of carrying capacity. The MSC IRINA, with a...
Read More
Bulk carrier disabled by water ingress at Lyttelton, NZ

Bulk carrier disabled by water ingress at Lyttelton, NZ

Bulk carrier LOYALTY HONG, berthed at Lyttelton, New Zealand, suffered engine room flooding during her stay, she arrived at Lyttelton on...
Read More
Wärtsilä Optimised Maintenance Agreement to support operational performance of National Petroleum Construction Company’s fleet

Wärtsilä Optimised Maintenance Agreement to support operational performance of National Petroleum Construction Company’s fleet

The technology group Wärtsilä has signed a five-year Optimised Maintenance Agreement with National Petroleum Construction Company (NPCC), a subsidiary of...
Read More
S&P Global Commodity Insights Acquires Tradenet & MINT to Further Strengthen Shipping Offering

S&P Global Commodity Insights Acquires Tradenet & MINT to Further Strengthen Shipping Offering

Traders, producers, investors and governments are racing to secure software solutions that can offer real-time visibility and facts amid a...
Read More
Cargo is key to fair emissions calculations, says SHIPNEXT CEO

Cargo is key to fair emissions calculations, says SHIPNEXT CEO

A new emissions index has been developed by independent shipping platform SHIPNEXT, in a bid to address widely-held industry concerns...
Read More
HSFO cash premiums retreat, Hi-5 spread may widen

HSFO cash premiums retreat, Hi-5 spread may widen

Spot fuel oil premiums for high sulphur fuel oil (HSFO) declined on Monday, although a flurry of trades at the...
Read More
Vessel demand drives Baltic index to over 11-week high

Vessel demand drives Baltic index to over 11-week high

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to an over 11-week...
Read More
Strong LNG Imports in the EU Are Expected for the Summer Period

Strong LNG Imports in the EU Are Expected for the Summer Period

European LNG imports are expected to rapidly increase over the course of summer, boosting demand for LNG tankers. In its...
Read More
India’s bitumen sector shrugs off curbs on ageing ships

India’s bitumen sector shrugs off curbs on ageing ships

India's bitumen market expects to see minimal impact from new shipping regulations, which will halt the issuing of trading licences...
Read More