News Flash
Treasury Increases Pressure on Iran’s Sanctions-Evading Shadow Fleet
Thursday, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is placing further pressure on the Iranian...
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Asia Fuel Oil Benchmarks little changed though inventories retreat
Trading momentum in Asia’s spot fuel oil market was largely thin on Thursday, with key benchmark differentials holding steady from...
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Oil tanker traffic to Venezuela declines following seizure, sanctions
The number of oil tankers heading to Venezuela has decreased following a recent escalation by the US to oust Venezuelan...
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US action in Venezuela sends strong broader signal to tankers: Frontline
US pressure on Venezuela, including the recent seizure of a tanker in Venezuelan waters, signals a bullish outlook for tanker...
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Baltic index extends losses on declining rates across all vessel segments
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry bulk commodities, extended losses to...
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Amasus doubles down on bound4blue eSAILs® with second installation on general cargo vessel
bound4blue and Amasus Shipping have completed the installation of a 22-metre eSAIL® on the general cargo vessel Fluvius Tavy at Astander Shipyard...
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Amon Bulk plans three new Kamsarmax vessels with NOK 298 million investment grants
Amon Maritime is pleased to announce that the company has been awarded investment grants of NOK 298 million from Enova...
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Global coal demand has reached a plateau and may well decline slightly by 2030
Global coal demand is forecast to edge down through the end of this decade as competition intensifies with other power...
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MarinePALS warns of persistent gaps in cold weather safety as crews face rising operational pressures
MarinePALS has issued a warning that many cold weather procedures in the shipping industry still fail to reflect the realities...
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Imports to busiest US seaport tumble 11.5% in November as tariffs bite, port executive says
The nation’s busiest seaport handled 11.5% less import volume in November than in the year-ago month after shippers built early...
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India’s Russian oil imports show resilience despite sanctions, sources say
India’s Russian oil imports are poised to top 1 million barrels per day in December, trade and refining sources said,...
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Hapag-Lloyd wins ZEMBA’s second tender for pioneering e-fuel deployment
Yesterday, the Zero Emission Maritime Buyers Alliance (ZEMBA) announced that Hapag-Lloyd is a winner of its second tender for ocean...
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Spot differentials steady, HSFO cracks firm on volatile crude
Spot differentials for the Asia fuel oil market were little changed on Wednesday, though high-sulphur fuel cracks inched higher amid...
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Oil bunker trades face soft demand growth, peak VLSFO
Global conventional bunker markets are set to endure lackluster growth in the coming year, with potential downside from the resumption...
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Port of Los Angeles On Track For Third Best Cargo Year On Record
The Port of Los Angeles processed 782,249 Twenty-Foot Equivalent Units (TEUs) in November, a decrease of 12% compared to last...
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Alfa Laval launches FCM LNG fuel supply system leveraging advanced cryogenic technology
Alfa Laval announces the launch of a new fuel supply solution FCM LNG for LNG-powered vessels. The system marks the...
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Somtrans christens LNG bunker barge as alternative fuel demand grows
Bunker barge United LNG I has been officially christened in the port of Antwerp. It marks an important moment for...
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Marine battery maker AYK Energy pioneers electrification of chemical tankers signing second contract with Spanish ship owner Mureloil
AYK Energy, the world’s fastest growing marine battery manufacturer, is further expanding electric propulsion systems in the chemical tanker market...
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MPC Container Ships ASA Orders Six Container Ship Newbuildings With Long-Term Charters And Advances Portfolio And Financing Initiatives
MPC Container Ships ASA is pleased to announce a company update including a series of strategic initiatives including additional six...
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Lloyd’s Register Hellenic Technical Committee welcomes new leadership from Capital Ship Management Corp CTO
LR strengthens its long-standing commitment to the Greek maritime community. Lloyd’s Register (LR) convened the latest meeting of its Hellenic...
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