News Flash

AI Tech is key to protecting whales from deadly collisions with ships

AI Tech is key to protecting whales from deadly collisions with ships

Up to 20,000 whales die in ship collisions every year, according to sustainable seafood and fisheries certifier Friend of the...
Read More
Talks on extending Black Sea grain deal start in a week – Ukraine

Talks on extending Black Sea grain deal start in a week – Ukraine

Negotiations will start in a week on extending a U.N.-backed initiative that has enabled Ukraine to export grain from ports...
Read More
EU prepares to sanction Russia’s ‘shadow fleet’ of oil tankers

EU prepares to sanction Russia’s ‘shadow fleet’ of oil tankers

The European Union is preparing new sanctions against shipping company SUN Ship Management Ltd, which helps Moscow with illicit oil...
Read More
Spot premiums, margins for VLSFO at one-month lows

Spot premiums, margins for VLSFO at one-month lows

Asia’s spot cash premiums and refining margins for 0.5% very low sulphur fuel oil (VLSFO) ended at a month’s low...
Read More
Phoenix Divers Aid Tanker With Propeller Damage At Port In Corpus Christi, TX

Phoenix Divers Aid Tanker With Propeller Damage At Port In Corpus Christi, TX

Phoenix International Holdings, Inc.’s (Phoenix) commercial ship husbandry division recently responded to a call from a 330-meter tanker that suffered...
Read More
Product tanker markets shift amid Russian sanctions: Scorpio Tankers

Product tanker markets shift amid Russian sanctions: Scorpio Tankers

Refined product sanctions coming into play offer new destinations for Russian diesel with changing trade flows, according to a presentation...
Read More
Improved economic outlook, but growth still ‘subpar’

Improved economic outlook, but growth still ‘subpar’

While pockets of resilience might be emerging, the International Monetary Fund predicts that the global economy will slow further in...
Read More
MRs Dominate Tanker S&P

MRs Dominate Tanker S&P

MR secondhand sales have dominated the Tanker sale and purchase sector so far this year, accounting for 35% of Tanker...
Read More
Baltic index falls for seventh straight week

Baltic index falls for seventh straight week

The Baltic Exchange’s main sea freight index edged higher on Friday but declined for the seventh straight week on lower...
Read More
WinGD targets predictive maintenance in cooperation with Bernhard Schulte Shipmanagement

WinGD targets predictive maintenance in cooperation with Bernhard Schulte Shipmanagement

Swiss marine power company WinGD has launched a pilot project for a new engine diagnostics solution that is tailored to...
Read More
Eastern Pacific Shipping and Value Maritime install first-of-its-kind fully integrated carbon capture solution onboard MR tanker M/T Pacific Cobalt

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...
Read More
Danish-operated tanker seeking new port after Spanish entry ban

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...
Read More
VLSFO reverts to downtrend after short-lived strength

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...
Read More
Fully Autonomous Ship Initiative Recognized by Japan’s Cabinet Office at Fifth Japan Open Innovation Prize Ceremony

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....
Read More
Pioneering partnership to deliver innovative solution for floating wind industry

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...
Read More
Divide Between Long-Term And Spot Rates Dissolves, As Shippers Look To Call Shots In Contract Negotiations

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...
Read More
Baltic index nears three-year low on lower capesize, panamax demand

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...
Read More
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 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...
Read More
Product Tanker Market on the Rebound, As Container Retreat to Pre-Pandemic Levels

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...
Read More
India, soon world’s most populous nation, doesn’t know how many people it has

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...
Read More