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China’s shipbuilding industry surges ahead, with orders scheduled for 2028
China’s shipping industry saw robust growth in 2023, prompting shipowners around the globe to place orders, some of which have...
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Seaspan Launches First of Three LNG Bunkering Vessels to Deliver Low-Carbon Energy Solutions to the Maritime Industry
Seaspan Energy is celebrating the new year with the launch of its first of three 7600m3 LNG bunkering vessels, the...
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Hanwha Ocean Makes Strategic Decision to Cease Winning Container Ship Orders
Hanwha Ocean, the world’s third-largest shipbuilder, has decided to stop receiving container ship orders. According to the shipbuilding industry on...
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Kalmar and Wallenius Wilhelmsen strengthen decades-long collaboration with new order including fully electric forklift trucks and reachstackers
Kalmar, part of Cargotec, has received a large order from leading Norwegian logistics service provider Wallenius Wilhelmsen to supply four...
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Clean tanker market to remain strong into 2024 amid firm jet, petchem deliveries
Strong projected demand for jet fuel in 2024 is set to support clean tanker markets globally, with growing deliveries of...
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River Rhine in Germany reopens to shipping after high water recedes
The river Rhine in Germany has been reopened to shipping after being halted due to a rise in water levels...
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Asia Fuel Oil-VLSFO cash premium slips below three-month lows
Asia’s cash premium for very low sulphur fuel oil (VLSFO) fell below three-month lows on Monday, extending a steady decline...
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Baltic index drops to over 1-month low on weaker vessel rates
The Baltic Exchange’s dry bulk sea freight index slipped to its lowest level in more than a month on Monday...
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Flagship economic report highlights why global cooperation is key
The flagship forecast launched in New York on Thursday indicates that last year’s stronger-than-expected GDP growth coming out of the...
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Global manufacturers struggle to regain momentum
U.S. manufacturers are still struggling to emerge from the prolonged slump that began in the middle of 2022 as the...
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ACM mulls ship broking expansion
Oil tanker broker ACM Shipping Group is looking at growing its ship broking business and may expand into the dry...
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Asia spot LNG prices dip to 5-month low as stocks weigh
Asian spot liquefied natural gas (LNG) prices slipped to a five-month low this week, extending losses that began in mid-November...
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EU ETS prices under pressure but colder weather could boost demand
European carbon prices fell in the week ending Jan. 5 due to soft demand but with colder weather forecast for...
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Red Sea crisis may push shipping costs by 60%, insurance by 20%: GTRI
The increasing Red Sea crisis may impact trade as it is expected to push shipping costs by up to 60...
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J.P. Morgan sees oil demand growth at its slowest in nine months in December
Early data indicates global oil consumption in December grew at the slowest pace in nine months, J.P. Morgan said in...
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Shipping stocks rise, biggest gainers in Europe at start of 2024
Shipping companies have been the best performing stocks in Europe since the start of 2024, and were set for their...
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BTIG says dry bulk shipping firms on troubled waters in 2024
BTIG expects 2024 to be a tough year for dry bulk shipping companies; cuts its rating on three stocks Downgrades...
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War, weather put ocean shippers on notice for rough seas in 2024
Recent hostilities in the Red Sea have thrown global shippers of vital goods for a loop – but it is...
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LNG futures trade volumes in Q4 hit record high, 2023 volumes up 12.5%
LNG futures trade volumes on the financial exchanges during the fourth quarter of 2023 hit a record high, while the...
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Morgan Stanley sees lower oil prices in 2024 on oversupply concerns
Morgan Stanley sees Brent crude prices anchored near $80 per barrel in the first half of 2024 before declining towards...
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