News Flash
Asia Fuel Oil-HSFO margin logs steep weekly decline as rally eases
Refining margins for High Sulphur Fuel Oil (HSFO) logged a sharp weekly drop as of Friday, with the market showing...
Read More
Tototheo Global and Neuron partner to bring AI-optimised multi-provider satellite connectivity to the maritime industry
Tototheo Global and Neuron have announced an agreement to deploy Neuron’s AI-powered Quality of Experience (QoE) management platform to vessels...
Read More
Laskaridis Shipping Co. Ltd. Hosts Shipping Roundtable Discussion with AMSA
On 6th June 2024, during Posidonia week, Laskaridis Shipping Co. Ltd. hosted a Roundtable Discussion, with the Australian Ambassador, Ms....
Read More
The electrical connection of the ships means ‘a five-fold increase the installed power in the ports’
‘Green behaviour has become a tool for competitiveness, a zero-carbon footprint is increasingly demanded in port activity’. This is how...
Read More
Suez Canal Authority decides to expand discounts on shipping services
The Suez Canal Authority has announced its decision to extend discounts for various types of ships and tankers until the...
Read More
Bullish potential for crude tankers amid revised OPEC+ cuts
Crude tanker freight rates could garner support from non-OPEC+ production through the summer and later from the announced easing of...
Read More
Auramarine Wins Methanol Fuel Supply System Order for Pioneering Mein Schiff 7 Cruise Vessel
Auramarine Ltd, the leading fuel supply systems pioneer for the marine, process and power industries, has announced that it has...
Read More
KR, Hanwha Ocean, Amogy and Hanwha Aerospace team up for application of ammonia reformers and ammonia fuel cell systems to ships
KR has announced a Memorandum of Understanding (MoU) with Hanwha Ocean, Amogy, and Hanwha Aerospace. The MoU, signed at Posidonia...
Read More
Kalmar to deliver eight Eco reachstackers to Maritime Transport, enabling fuel and emissions savings
Kalmar, part of Cargotec, has concluded an agreement with UK-based integrated road and rail freight logistics provider, Maritime Transport, to...
Read More
HD Hyundai Heavy Industries and Capital Gas Ship Management secure LR approval in principle for 40,000 cbm LCO2 carrier
HD HHI and Capital Gas Ship Management have received approval in principle for a 40,000 cbm LCO2 carrier from Lloyd’s...
Read More
T.E.N. contracts DNV for first shuttle tanker with Cyber Secure notation
At the Posidonia trade fair, classification society DNV presented Tsakos Energy Navigation Ltd (T.E.N.) with a certificate recognizing their recently...
Read More
Asia Fuel Oil-Market strength eases, inventories extend recovery
Asia’s High Sulphur Fuel Oil (HSFO) market continued to ease on Thursday, while onshore inventories in Singapore recovered for a...
Read More
ABS to Create a Hellenic Ship Safety Center, Where the Future of Safety Meets the Future of Learning
ABS unveiled plans to create a pioneering new ship safety center in Athens harnessing the power of new immersive training...
Read More
Libra Group exits container shipping in $2 bln sales play
Libra Group exited the container shipping market this week after selling close to 100 vessels for more than $2 billion...
Read More
Baltic index rises for 3rd day as larger vessel rates gain
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, extended gains for a...
Read More
Russian crude exports slide to six-month low as Indian flows slump
Russian crude exports fell 10% to a six-month low in May, according to tanker tracking data, after flows to India,...
Read More
Performance Shipping Inc. Secures Charter Contract with Aramco for About 24 Months at US $41,000 per day
Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, today announced that, through a separate...
Read More
Iron ore extends fall on softening China steel demand, bets of high supply
Iron ore futures prices extended their decline to a fifth straight session on Wednesday, pressured by faltering steel demand and...
Read More
ABB introduces Optimal Speed Routing to help vessels enhance fuel efficiency and reduce emissions
ABB has introduced a new feature to its Routing Services portfolio that will allow vessel owners to manage fuel costs...
Read More
SIRC & HEC Sign MoU at Posidonia 2024 As Deal-Making Takes Centre Stage at World’s Most Prestigious Shipping Trade Event
Business continued to flourish on the floor of the Metropolitan Expo Centre on the second day of Posidonia 2024, with...
Read More