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Korea plans $1.4bn investment for smart shipbuilding projects

The Republic of Korea’s industry ministry said Tuesday it plans to pursue investment projects worth 2 trillion won (US $1.44...
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Technology Innovators RINA and ROTOBOOST join SEA-LNG

RINA, a world-leading inspection, certification and consulting engineering multinational and ROTOBOOST, a global hydrogen technology company, have joined the SEA-LNG...
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Russian LNG exports up in H1 but set to fall due to maintenance

Russia’s Liquefied Natural Gas (LNG) exports rose 2.7% in the first half of the year to 16.79 million metric tons,...
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Vitol invests in future of LNG bunkering by securing three LNG Bunkering Vessels

Vitol has secured three LNG Bunkering Vessels (“LNGBV”) through its shipping company, Vitol International Shipping Pte Ltd (“VIS”). The vessels...
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Asia Fuel Oil-HSFO range-bound; more July tenders underway

Asia’s High Sulphur Fuel Oil benchmarks were range-bound on Wednesday, while more tenders were underway for cargoes loading in July....
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FUJAIRAH DATA: Oil product stocks drop to nine-month low

Stockpiles of oil products at the UAE’s Port of Fujairah dropped to a nine-month low as of July 1, with...
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Tanker market in unfamiliar equilibrium as demand levels stay ‘higher for longer’

Large scale route diversions as a consequence of the Red Sea/Suez Canal crisis have seen deadweight demand for crude and...
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WAF-UKC Suezmax rate dips below w100 for first time since May 15

The freight rate for the key West Africa-UK/Continent Suezmax run, exclusive of EU Emissions Trading Scheme costs, dropped below the...
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Baltic index snaps 5-day winning streak on lower vessels rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, snapped its five-session gaining...
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Folk Maritime signs deal with Bahri Ship Management to strengthen its fleet capabilities

Folk Maritime Services Company, a PIF company and one of the region’s leading feeder and short-sea services provider, has signed...
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Oil bulls advance cautiously as stocks expected to fall

Investors purchased petroleum for the third week running as bearishness triggered by the OPEC+ meeting at the start of June...
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Wärtsilä ammonia fuel supply and cargo handling systems selected for two more EXMAR vessels at Hyundai Mipo Dockyards

Wärtsilä Gas Solutions (WGS), part of technology group Wärtsilä, will deliver the fuel supply and cargo handling systems for two...
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Shipping firm HMM deploys new carbon capture system on vessels

HMM, Korea’s largest container shipper, deployed new proprietary technology in the voyage of 2,200 TEU (twenty-foot equivalent unit) container ships,...
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Baltic index rises for fifth straight day on strong capesize demand

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, gained for the fifth...
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US crude, products stockpiles seen down last week

U.S. crude oil and product stockpiles were expected to have fallen last week; a preliminary Reuters poll showed on Monday....
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Consort Bunkers, ClassNK, Yanmar, and Taiko accelerate towards Alternative Fuel Bunkering with new MOU

Consort Bunkers Pte. Ltd., ClassNK, Yanmar Asia (Singapore) Corporation Pte Ltd, and Taiko Asia Pacific Pte. Ltd. have signed a...
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Container shipping rates to Europe firm up

The cost of shipping cargo containers from India to Europe has firmed up after major carriers raised rates from 1st...
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Strategic Partnership Announcement Between GMCG and ARCHE

GMCG, a Global Leader In Engineering And Consultancy, and Arche Energy, a prominent player in Australia’s energy sector, proudly announces...
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Rising US Imports Drive Increased Activity in the US Container Trading Market, Container xChange Survey Reveals

A recent survey conducted by Container xChange, on its platform, revealed that the container (shipping) traders and leasing companies in...
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Innovative onboard research to improve crew health and wellbeing through social interaction

Crews on vessels from the shipping, cruise, and superyacht industries will take part in innovative onboard research using wearable and...
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