News Flash
ICS heralds successful collaboration to reduce harm to whales
The International Chamber of Shipping (ICS), the global trade association for shipowners and operators, are encouraging the shipping industry to...
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Wilhelmsen enters into an agreement to acquire Vopak Agencies, strengthening it’s leading position as preferred global agent
Vopak Agencies has a strong track record within both hub services and port agency within the tanker segments in Europe...
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Furetank signs agreement to sell two dual-fuel tankers to Neste
Furetank Rederi AB sells two 17,999 dwt dual-fuel product tankers in the VINGA series to Neste in 2023 and replaces...
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Safety Front and Centre for IMCA in Taiwan
The International Marine Contractors Association (IMCA) has a packed safety-focused itinerary lined up for its forthcoming visit to Taiwan with...
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Xeneta: The one-sided volatility in spot rates is currently evident on all trades
The one-sided volatility in spot rates is currently evident on all trades, yet the difference in altitude is astonishing. With...
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BIMCO ship recycling report confirms need for non-EU yards on EU list
The “Report on the European List of Ship Recycling Facilities” is the 3rd edition by Marprof Environmental Ltd and was...
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Seanergy Maritime Announces New Term Loan of $28 million to Refinance Existing Facility at Reduced Cost
Seanergy Maritime Holdings Corp. (the “Company” or “Seanergy”) (NASDAQ: SHIP) announced today the closing of its previously announced $28.0 million...
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Titan to build the world’s largest biomethane liquefaction plant
Titan, the independent supplier of low and zero-carbon fuels, announced today its LBM production project for 200,000 tonnes of LBM...
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MABUX: Bunker Prices on the Rise, But Volatility is Still the Norm
Over the Week 41, MABUX global bunker indices demonstrated firm upward trend. The 380 HSFO index rose by 12.46 USD:...
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DP World reaffirms commitment to developing African sport and culture
South Africa’s celebrated cricket ground, Wanderers Stadium, to be rebranded DP World Wanderers Stadium after naming rights deal; sponsorship includes...
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ICS Secretary General to address the UN General Assembly
ICS Secretary General Guy Platten to address the UN General Assembly today on the role of trade and logistics in...
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EU backs lifting of Turkey embargo on Cyprus ships
The European Commission has long been clear that Turkey should end its embargo on Cypriot-flagged ships and planes, said Transport...
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Iran storing around 60 million barrels of oil on state-owned ships: Official
Iran is storing around 60 million barrels of sanctioned oil on board tankers operated and owned by the National Iranian...
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Shippers eye Index Linked Container Contracts to obtain better ocean freight rates value
In an ocean freight rates market defined by turbulence, with astronomic price hikes giving way to steep declines in spot...
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VLCC market braces for uncertain winter on shock OPEC+ output cut
Despite signs of improvement in freight rates out of the Persian Gulf, the VLCC market looks headed for an uncertain...
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Supply/demand balance at 2019 level as container volumes fall 4.6% y/y
Since July 2020, the container market has benefitted from a surge in consumption of goods compared to pre-COVID levels, and...
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United Announces Sale of two Aframax Petroleum Tankers and Delivery of the Previously announced LR2 Tankers
United Maritime Corporation, announced today that it has entered into definitive agreements with an unaffiliated third party for the sale...
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No room for complacency, says IMB, as global piracy incidents hit lowest levels in decades
The ICC International Maritime Bureau (IMB) is calling for regional and international players to sustain their efforts, particularly in the...
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Damen to build two emergency response vessels for Romania
The General Inspectorate for Emergency Situations of the Romanian government has ordered two Damen Stan Patrol 5009 emergency response vessels....
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Gujarat Pipavav Ports handles 18.5 percent more containers in September 2022 than in 2021
Gujarat Pipavav Port Ltd. handled 1.86 lakh TEUs containers in the September quarter, an increase of 18.5 percent from the...
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