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Asia-US container rates fall as carriers seek to boost demand during LNY lull

Rates for shipping containers from east Asia and China to the US edged lower this week as carriers have reduced...
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Global diesel prices spike as US hits Russia with new sanctions

Global diesel prices and refining margins spiked following the latest round of U.S. sanctions on Russia’s oil trade on expectations...
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Angolan loadings to rise in March

Angolan crude loadings are expected to rise in March while differentials continued to find support on Thursday from new U.S....
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OPEC’s share in India’s annual oil imports rises after 8-year drop

OPEC’s share in India’s crude oil imports edged up in 2024, rising for the first time in nine years, while...
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Cyprus’ role in global shipping discussed at Athens conference

The 17th International Shipping Conference took place in Athens this week, with the central theme being the bridging of the...
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Asian refiners wary over strong Chinese, Indian bids for Middle East crude post Russia sanctions

Japanese and South Korean refiners are cautiously monitoring Chinese and Indian traders’ Middle East sour crude demand after fresh sanctions...
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A simple but powerful secret – how to choose marine engines the smart way

When selecting an engine for your newbuild vessel, the options can quickly become overwhelming. Each manufacturer presents claims and data...
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Maritime sources expect Houthis to halt Red Sea attacks after Gaza deal

Maritime security officials said, on Thursday, they were expecting Yemen’s Houthi fighters to announce a halt in attacks on ships...
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Singapore bio-bunkers sales break new milestone; bunker-only calls at 8-year high

Singapore’s annual bio-bunker sales continued to rise in 2024, following a steep growth trajectory and reaching a new record high...
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Global tanker freight to strengthen in 2025 on sanctions, offset by new ships

Global tankers’ freight is expected to be mostly higher in 2025 due to US sanctions and geopolitical disruptions, despite a...
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Savannah gets India cargo to market up to eight days faster

The Port of Savannah is up to eight days faster for India cargo moving to inland markets such as Atlanta,...
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HD Hyundai Samho Reports Record Operating Profit of 723.6 Bil. Won in 2024

HD Hyundai Samho, a subsidiary of HD Hyundai’s shipbuilding division, has reported a remarkable operating profit of 723.6 billion won...
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MOL, NODE Form Capital Tie-up to Expand Foreign HR Initiatives- Stepping up Japanese Companies’ Hiring of Foreign Employees

Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced the formation of a capital alliance with NODE...
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World Shipping Council: Shipping Carriers Move to Prevent Deadly Charcoal Fires

The shipping industry is taking proactive steps to implement improved safety measures for transporting charcoal, ahead of mandatory IMO regulations...
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USTR finds China’s shipbuilding dominance hurts US, is actionable

The U.S. Trade Representative’s office said it has found China’s targeted dominance of the global shipbuilding, maritime and logistics sectors...
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Improved safety recommendations for entering enclosed spaces onboard ships The truth is in the numbers

Few aspects of occupational safety onboard ships have received more attention than the importance of following proper procedures when entering...
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Businesses worldwide hurry to ship goods to the US

The crisis in the Red Sea has led to an extra 35.7 million tonnes of CO2 emitted in the past...
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DNV launches class notations to provide framework for safe development of autonomous shipping technologies

DNV has launched a new family of class notations, Autonomous and Remotely Operated Ships (AROS), providing a framework for how...
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HSFO 380-cst premium closes at over one-month high

Cash premium for 380-cst high sulphur fuel oil (HSFO) closed at its highest in more than a month on Friday,...
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Baltic index logs second straight weekly fall on weak rates across segments

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, hit a one-week...
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