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Eastern Pacific Shipping and Value Maritime install first-of-its-kind fully integrated carbon capture solution onboard MR tanker M/T Pacific Cobalt
The pioneering project is a first for ocean-going vessels to date and aims to pave the way for industry-wide adoption...
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Danish-operated tanker seeking new port after Spanish entry ban
Singapore-flagged tanker Maersk Magellan is looking for another location after being stopped from entering a Spanish port over an earlier...
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VLSFO reverts to downtrend after short-lived strength
Asia’s spot cash premium for very low sulphur fuel oil (VLSFO) reverted to a softer trend on Thursday, giving up...
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Fully Autonomous Ship Initiative Recognized by Japan’s Cabinet Office at Fifth Japan Open Innovation Prize Ceremony
On Feb 15, NYK and NYK Group companies Japan Marine Science Inc., MTI Co. Ltd., and Kinkai Yusen Kaisha Ltd....
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Pioneering partnership to deliver innovative solution for floating wind industry
Tugdock Limited has announced a partnership with Sarens, the global leader and reference in crane rental services, heavy lifting and...
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Divide Between Long-Term And Spot Rates Dissolves, As Shippers Look To Call Shots In Contract Negotiations
The latest data from Xeneta reveals a fundamental shift in the container market, with a rapid closure of the once...
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Baltic index nears three-year low on lower capesize, panamax demand
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell to a near three-year...
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United Maritime Announces the Acquisition of Three Dry Bulk Vessels consisting of Two Kamsarmaxes and a Bareboat Charter Agreement with a Purchase Option for one Panamax Vessel
United Maritime Corporation, announced that pursuant to its fleet growth strategy, it has entered into agreements with two unaffiliated third...
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Product Tanker Market on the Rebound, As Container Retreat to Pre-Pandemic Levels
The shipping markets have been exhibiting a mixed bag of performance lately. In its latest weekly report, shipbroker Xclusiv said...
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India, soon world’s most populous nation, doesn’t know how many people it has
In two months, India is projected to become the world’s most populous country with over 1.4 billion people. But for...
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Ship Finance Corporation Reports Fourth Quarter Net Profit of $48.5 Million
SFL Corporation Ltd. announced its preliminary financial results for the quarter ended December 31, 2022. Highlights 76th consecutive quarterly dividend...
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Cash premiums for VLSFO rise, Fujairah stocks fall
Asia’s very low sulphur fuel oil (VLSFO) market gained on Wednesday after inventories at the Fujairah hub declined. The 0.5%...
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Mr. Marine acquires Atlas Marine Services Pte Ltd.
Mr. Marine has acquired 100% of the shares in Singapore-based Atlas Marine Services Pte Ltd. With this acquisition, Mr. Marine...
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Danish-operated tanker banned from Spanish ports over oil transfer
A ship operated by Denmark’s Maersk Tankers has been banned from Spanish ports, Spanish officials said, after its cargo of...
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The International Chamber of Shipping reaffirms commitment to 2050 net zero
The Board of the International Chamber of Shipping (ICS), which represents over 80% of the world’s merchant fleet, has submitted...
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DCSA’s member carriers commit to a fully standardised, electronic bill of lading by 2030
Digital Container Shipping Association(DCSA) today announces its nine ocean carrier members commit to 100% adoption of an electronic bill of...
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Chinese shipyards hit record 47% market share in 2022
“In 2022, Chinese shipyards reached a market share of 47% and for the first time exceeded the combined market share...
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Baltic Index falls on lower rates for larger vessels
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday as rates...
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Newbuilding Ordering Activity Slows Down
There wasn’t too much movement in the S&P or the newbuilding markets this past week. In its latest weekly report,...
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China’s Jiangsu Huadian Ganyu LNG terminal begins construction
Jiangsu Huadian Ganyu LNG terminal has started construction at Ganyu port, Lianyungang in China’s eastern Jiangsu province, the local government...
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