CMA CGM Group, a global player in maritime, land, air and logistics solutions, and SUEZ, a world leader in circular waste management solutions, signed a memorandum of understanding (MOU) on 18 October. The aim of this collaboration between two complementary players is...

Read More

LNG freight rates have plummeted to multiyear lows in the week ended Oct. 18, approaching operational expense thresholds and prompting a bleak outlook among market participants. The absence of arbitrage opportunities and contango has left rates unsupported, while...

Read More

Russia plans to arrange ship-to-ship transfers of liquefied natural gas and gas condensate in the Barents and Bering Seas to free up more ice-class tankers for its biggest LNG producer, Novatek, a draft project document showed on Tuesday. Novatek has been pressing...

Read More

Amasus, one of Europe’s leading players in the shortsea, bulk, general cargo, offshore and heavy lift segments, has signed a fresh eSAIL® (suction sail) contract with Spain’s bound4blue. Under the new agreement, a 22-meter unit will be retrofitted on a 90-meter, 3,000...

Read More

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, dropped on Tuesday pressured by losses across all vessel segments. The index, which factors in rates for capesize, panamax and supramax shipping vessels, shed...

Read More

MAN Energy Solutions launches ‘AmmoniaMot 2’ research project with industry partners and research institutes Having designed and tested the first two-stroke ammonia engine, MAN Energy Solutions has now announced launching the ‘AmmoniaMot 2’ research project. Initiated...

Read More