Global Shipping Business Network (GSBN), a neutral, not-for-profit consortium enabling paperless, accessible and sustainable global trade with its data infrastructure and ecosystem of partners, announced a significant milestone in the digitalisation of critical cargo...

Read More

Navig8 is pleased to announce that it has commenced the commercial management of the ADNOC L&S tanker fleet, comprising 20 vessels. This strategic move sees eight VLCCs, eight LR2s, and four LR1s join Navig8’s marketleading pools, further strengthening the...

Read More

Mitsui O.S.K. Lines, Ltd. and Marubeni Corporation announced today that the two companies have entered into a shareholders agreement to jointly establish a new company, called Marubeni MOL Forests Co., Ltd.,(Note 1) to create, purchase, sell, and retire(Note 2)...

Read More

South Korea’s top three shipbuilders are expected to report collective annual profits for 2024, marking the first time in 13 years that the trio—HD Korea Shipbuilding & Offshore Engineering, Hanwha Ocean, and Samsung Heavy Industries—have all turned a profit. The...

Read More

China’s shipbuilding remained robust in 2024, and is likely to maintain strong growth momentum in 2025, which would benefit the steel plate market. However, the plate market is set to face continued pressure this year due to growing capacity, industry sources told...

Read More

Spot premiums for fuel oil rose on Monday, supported by supply uncertainty in February as some industry sources expect logistical challenges after recent sanctions on Russian oil. Cash premiums for high sulphur fuel oil (HSFO) held steady to firmer on Monday, with...

Read More