News Flash
MISC and consortium partners secure five more newbuilding LNG carriers with Qatarenergy
MISC Berhad (MISC), through its wholly-owned subsidiary, Portovenere and Lerici (Labuan) Pte Ltd (PLL), together with its consortium partners, Nippon...
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INEOS signs long-term time charter agreements with Pacific Gas for four 99,000 cubic metre Very Large Ethane Carriers (VLECs)
INEOS Europe AG and Pacific Gas (Hong Kong) Holdings Co., Ltd, has signed long-term time charter agreements for four 99,000cbm...
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Asian LSFO crack slumps to 3-month low on expectations of higher supplies
Asia’s low sulfur fuel oil refining margin plunged to its weakest in three months Nov. 2, weighed down by expectations...
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World Maritime University graduates ready to make change happen
The latest batch of future maritime leaders have graduated from the World Maritime University (WMU). The 2022 graduation (31 October)...
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Euronav Expects Tanker Market Momentum to be Maintained Despite Potential Headwinds
Euronav NV reported its non-audited financial results today for the third quarter ended 30 September 2022. Hugo De Stoop, CEO...
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Capesize shipments of Guinean bauxite jump 27.4% YTD
High energy prices in Europe have shifted aluminium production to China. Due to China’s increasingly depleted bauxite reserves, this shift...
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Rules on ship carbon intensity and rating system enter into force
Amendments to the International Convention for the Prevention of Pollution from Ships (MARPOL) Annex VI enter into force on 1...
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Tankers: Full Effect of Ban on Russian Oil To be Felt From 2023 Onwards
The tanker market’s structural shift is still not complete. In its latest weekly report, shipbroker Allied said that “with the...
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NYK to Order Two LNG-Fueled Large Coal Carriers
NYK will order two LNG-fueled large coal carriers from Oshima Shipbuilding Co., Ltd. The vessels are scheduled to be delivered...
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Low-Speed, Dual-Fuel Portfolio Reaches Millennial Milestone
MAN Energy Solutions has announced that its portfolio of two-stroke, dual-fuel engines has passed more than 1,000 units on order...
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Russia returns to Black Sea grain deal in sudden U-turn
Russia said on Wednesday it would renew its participation in an agreement allowing Ukraine to export grain via the Black...
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Maersk sees container demand slowing as recession looms
Shipping group Maersk warned on Wednesday of slowing demand for transport and logistics as a global recession looms and cut...
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Fewer seafarers, higher inflation – where are ship operating costs heading?
Demand for seafarers is still on the rise, while increase in supply is expected to be weaker in the future....
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Ship Owners Refrain From More Newbuilding Orders Despite Improving Market Sentiment
Ship owners have distanced themselves from contracting more newbuildings, despite the fact that sentiment for a number of segments, like...
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Cochin Shipyard, Mazagon Dock soar up to 8% on hopes of strong Q2 results
Shares of state-owned shipbuilding companies Cochin Shipyard and Mazagon Dock Shipbuilders (MDL) rallied up to 8 per cent, hitting multi-year highs in...
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India’s Cairn pushes upstream expansion as oil prices remain attractive
India’s Cairn Oil and Gas is pushing ahead with its ambitious upstream expansion plans by extending a production sharing contract...
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India’s Adani Ports Q2 profit jumps as cargo volumes surge
Adani Ports and Special Economic Zone APSE.NS, India’s largest private operator of ports, reported a 69% surge in quarterly profit...
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WiseTech Global acquires industry-leading data entry automation business Shipamax
WiseTech Global (ASX:WTC), developer of leading logistics execution software CargoWise, today announced the acquisition of Shipamax, an industry-leading provider of...
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Scorpio Tankers Inc. Reports Third Quarter Net Loss of $73.3 Million
Scorpio Tankers Inc. yesterday reported its results for the three and nine months ended September 30, 2022. The Company also...
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Repairing Scrubber Overboards and Scrubber outlet pipes Underwater
FN Diving replaces and repairs any corroded Scrubber exhaust pipe during cargo operations afloat underwater and hereby minimising the risk...
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