News Flash

China’s Freight Indices Record Mixed Performance

China’s Freight Indices Record Mixed Performance

China’s index of export container transport fell in the week ending on Sept 23, according to the Shanghai Shipping Exchange....
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EU Sanctions, Price Cap On Russian Oil To Raise Shipping Hurdles

EU Sanctions, Price Cap On Russian Oil To Raise Shipping Hurdles

Oil markets are bracing for the biggest shift in global trade flows ever as nearly 3 million barrels per day...
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LNG Still A Viable Solution For Maritime Decarbonization Despite Hurdles

LNG Still A Viable Solution For Maritime Decarbonization Despite Hurdles

A debate over LNG’s viability as a marine fuel for achieving net-zero carbon emissions sparked by a recent International Council...
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Baltic Index Edges Lower On Weaker Rates For Larger Vessels

Baltic Index Edges Lower On Weaker Rates For Larger Vessels

The Baltic Exchange’s main sea freight index (.BADI), tracking rates for ships carrying dry bulk commodities, edged down on Monday...
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Shipping At The Forefront Of EU’s Energy Conuncrum

Shipping At The Forefront Of EU’s Energy Conuncrum

Shipping and more specifically, tankers, are bound to find themselves at the forefront of EU’s upcoming plans to cover its...
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East Africa Exporters Brace For Impact As Suez Canal Tolls Rise

East Africa Exporters Brace For Impact As Suez Canal Tolls Rise

The increase in transit tolls for ships passing through the Suez Canal by 15 percent is likely to impact exports...
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West Coast Ports Sink To Lowest Share Of US Imports Since Early 1980s

West Coast Ports Sink To Lowest Share Of US Imports Since Early 1980s

The West Coast was the destination of choice for Asian exports in the initial stage of the COVID buying boom...
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Canada And United Arab Emirates First To Back Maritime Sector’s Green Fuel Initiative

Canada And United Arab Emirates First To Back Maritime Sector’s Green Fuel Initiative

Representatives of the maritime sector have officially launched an initiative to catalyze the supply of green fuels to support the...
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World Needs Maritime Trade To Brave Rough Seas Of Crises, UNCTAD Chief Says

World Needs Maritime Trade To Brave Rough Seas Of Crises, UNCTAD Chief Says

The world again needs the shipping industry to brave the rough seas of crises, UNCTAD Secretary-General Rebeca Grynspan said on...
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Asia-US Container Rates Plunge As Inflation, Recession Fears Stunt Demand

Asia-US Container Rates Plunge As Inflation, Recession Fears Stunt Demand

Rates for shipping containers from east Asia and China to both US coasts continued to plummet this week as softening...
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Suezmax And VLCC Tonnage To Benefit From EU Imports Of Guyanese Crude

Suezmax And VLCC Tonnage To Benefit From EU Imports Of Guyanese Crude

The increasing needs of crude oil imports into the EU, sourced from different markets to the Russian one, is bringing...
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Environmental Technologies In Focus On World Maritime Day 2022

Environmental Technologies In Focus On World Maritime Day 2022

The International Maritime Organization is shining a spotlight on the role of emerging technologies to support a green transition of...
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Lost At Sea: EU States’ €20 Billion Giveaway To The Shipping Industry

Lost At Sea: EU States’ €20 Billion Giveaway To The Shipping Industry

Executive SummaryThe European Commission proposed to include maritime shipping in its Emissions Trading System (ETS) in July 2021. The two...
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Tankers: VLCC Rates Climb Higher, While Products on the Retreat

Tankers: VLCC Rates Climb Higher, While Products on the Retreat

Clean Freight levels in the Middle East Gulf continued to tumble this week. TC1 shed 30 points to end up...
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Dry Bulk Market: Capesizes Keep Rebounding

Dry Bulk Market: Capesizes Keep Rebounding

Capesize The market continued to lurch its way upward as rates strengthened in flurries with numerous drawdowns along the way....
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Indian National Convicted Of Corruption In Shipping Company Deals In Singapore

Indian National Convicted Of Corruption In Shipping Company Deals In Singapore

A 51-year-old Indian national was on September 22 convicted of seven corruption and related charges for committing the offences while...
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Port Of Antwerp-Bruges First Port To Introduce GDP Certificate For Distribution Of Pharmaceuticals

Port Of Antwerp-Bruges First Port To Introduce GDP Certificate For Distribution Of Pharmaceuticals

GDP guidelines now enshrined in certificateDomestic and foreign stakeholders from the Life Sciences & Healthcare sector gathered in Antwerp yesterday...
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Cosco Shipping Captive Joins The Poseidon Principles For Marine Insurance

Cosco Shipping Captive Joins The Poseidon Principles For Marine Insurance

The Poseidon Principles for Marine Insurance create a common global baseline for assessing and disclosing the alignment of marine insurance...
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The Standard Club PEME Scheme – Benefitting Members And Seafarers

The Standard Club PEME Scheme – Benefitting Members And Seafarers

Our PEME scheme is focused on ensuring that members receive seafarers’ PEME certificates that they can trust and that preventable...
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Furetank Orders Vessel 14 And 15 In The Climate Friendly Vinga Series

Furetank Orders Vessel 14 And 15 In The Climate Friendly Vinga Series

Furetank has signed a contract for two more dual-fuel tankers. This means that six sister ships have been ordered this...
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