News Flash

LNG Shipping Rates Top $100,000/Day, Oil Tanker Rates Still Rising

LNG Shipping Rates Top $100,000/Day, Oil Tanker Rates Still Rising

In a typical year, winter demand in the Northern Hemisphere pumps up rates for tankers carrying crude oil, refined products...
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China Issues More Export Quotas For Clean Marine Fuel – Trade

China Issues More Export Quotas For Clean Marine Fuel – Trade

China has issued a fourth batch of export quotas for very low sulphur fuel oil (VLSFO) of 2.75 million tonnes,...
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Baltic Dry Bulk Index Rises On Gains Across Vessel Segments

Baltic Dry Bulk Index Rises On Gains Across Vessel Segments

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, extended gains on Wednesday, helped...
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Newbuilding Activity Increases After The Summer Holidays

Newbuilding Activity Increases After The Summer Holidays

The newbuilding market has picked up the pace over the past week. In its latest weekly report, shipbroker Allied Shipbroking...
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Indian Navy’s INS Satpura Reaches Australia For Multinational Exercise

Indian Navy’s INS Satpura Reaches Australia For Multinational Exercise

Exercise Pitch Black 22 was hosted by the Royal Australian Air Force at its Darwin Air Base. Spanning over three...
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Bunker Holding Accelerates Sustainability Initiatives In First Ever ESG Report

Bunker Holding Accelerates Sustainability Initiatives In First Ever ESG Report

As the next step in the Group’s sustainability journey, Bunker Holding can now present its first ESG report. The report...
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Peninsula Appoints Technology Partner Veson Nautical To Increase Fleet Visibility

Peninsula Appoints Technology Partner Veson Nautical To Increase Fleet Visibility

Peninsula, a global leader in the supply of marine fuels, has today announced its selection of Veson Nautical, a leading...
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MOU Signed With Maersk Training On Training For Offshore Wind Personnel And Alternative Fuel Seafarer Education

MOU Signed With Maersk Training On Training For Offshore Wind Personnel And Alternative Fuel Seafarer Education

ClassNK has signed an MOU (Memorandum of Understanding) with Maersk Training A/S regarding training for offshore wind farm operators and...
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Xeneta Raises $80 Million Led By Apax Digital

Xeneta Raises $80 Million Led By Apax Digital

Xeneta, the leading ocean and air freight rate benchmarking and market analytics platform, today announced an $80 million investment at...
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Peters & May Reports Continued Growth And New Appointments

Peters & May Reports Continued Growth And New Appointments

World-leading global Freight Forwarding specialists Peters & May has continued to strengthen during the first six months of 2022 despite...
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Capesize Bounce Propels Baltic Index To Best Day In 7 Months

Capesize Bounce Propels Baltic Index To Best Day In 7 Months

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, notched up its biggest daily...
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Staff At Britain’s Biggest Container Port Felixstowe To Strike Again

Staff At Britain’s Biggest Container Port Felixstowe To Strike Again

Workers at Britain’s biggest container port Felixstowe plan to stage a second eight-day strike over pay, a notice on the...
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Ports In Eastern China At Standstill As Typhoon Muifa Closes In

Ports In Eastern China At Standstill As Typhoon Muifa Closes In

China’s eastern Zhejiang province ordered ships to return to port, asked schools to close and evacuated tourists on nearby islands,...
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South-East Asian Ports Record More Action Ahead Of Peak Season

South-East Asian Ports Record More Action Ahead Of Peak Season

As China grapples with the zero COVID policy and resulting lockdowns, the demand for containers declines amidst the busiest peak...
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Shipping Rates Plunge As Experts Say ‘Unprecedented’ Boom Has Peaked

Shipping Rates Plunge As Experts Say ‘Unprecedented’ Boom Has Peaked

Ocean shipping rates on major trade routes have fallen by more than half since the beginning of this year, a...
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China’s Weekly Export Container Shipping Index Down

China’s Weekly Export Container Shipping Index Down

China’s index of export container transport declined in the week ending on Sept. 9, according to the Shanghai Shipping Exchange....
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Gas And Heat And Bureau Veritas Make Cargo/Fuel Tank Compatible With Both LNG And Ammonia

Gas And Heat And Bureau Veritas Make Cargo/Fuel Tank Compatible With Both LNG And Ammonia

Bureau Veritas (BV), a world leader in testing, inspection and certification, has awarded an Approval in Principle (AIP) to Gas...
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Shipping’s China Syndrome: Demand Sinks Across Multiple Cargo Markets

Shipping’s China Syndrome: Demand Sinks Across Multiple Cargo Markets

In the mid-2000s, when shipping stocks first became popular on Wall Street, the shares were commonly bought as a play...
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Baltic Index Rises On Higher Rates For Larger Vessels

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday as rates...
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Dry Bulk Market: EU’s Ban On Russian Coal Lifts Demand Despite Economic Headwinds

Dry Bulk Market: EU’s Ban On Russian Coal Lifts Demand Despite Economic Headwinds

Highlights– The Baltic Exchange Dry Index (BDI) peaked in late May and has since fallen sharply as lower Chinese demand...
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