News Flash

Baltic index falls for third week on weaker rates across segments

The Baltic Exchange’s dry bulk sea freight index edged up on Friday but declined for the third consecutive week as...
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Dalian iron ore extends rally on positive state bank developments

Dalian iron ore futures rose for the fourth straight session and recorded their best day in two months on Friday,...
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Maersk imposes container surcharge due to diversion from Red Sea

Denmark’s Maersk MAERSKb.CO will impose extra charges on container transport from Asia following its decision to re-route ships away from...
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ClassNK issues approval in principle (AiP) for MOL’s FSRU

ClassNK has issued an Approval in Principle (AiP) for an Ammonia FSRU (Ammonia Floating Storage and Regasification Unit) jointly developed...
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Asia LNG prices hit 4-month low despite supply, geopolitical concerns

Asian spot liquefied natural gas (LNG) prices hit their lowest level in over four months this week on strong inventories...
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Panama Canal has seen no traffic increase amid attacks in Red Sea

The Panama Canal Authority said on Thursday it has not seen a notable traffic increase due to thesituation in the...
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Asia Fuel Oil-Spot premiums dip; Kuwait sells HSFO from Al Zour

Spot fuel oil premiums eased slightly on Friday, while Kuwait’s KPC recently sold high sulphur fuel oil (HSFO) from its...
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US Gulf Coast LNG freight rates sink to multi-month lows

LNG freight rates out of the US Gulf Coast have fallen to their lowest levels since August as a lack...
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Shipping gears up to meet a 5-10% low carbon fuel target, but will fuels be available?

The International Maritime Organization’s (IMO) targets for the use of zero or near-zero fuels in 2030 can be met using...
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More ships to avoid the Red Sea as attacks disrupt world trade.

Germany’s Hapag-Lloyd and Hong Kong’s OOCL said on Thursday they would avoid the Red Sea, the latest shipping companies to...
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Russia oil price cap coalition toughens shipping rules -US Treasury Dept

The U.S.-led coalition imposing a price cap on seaborne Russian oil announced changes on Wednesday to its compliance regime the...
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Baltic index drops for the seventh straight session as capesize rates slip.

The Baltic Exchange’s dry bulk sea freight index extended declines for a seventh consecutive session on Thursday, pressured by weaker...
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Shipping container price surge to reverse due to overcapacity -logistics platform.

Higher prices for containers used by merchant ships caused by attacks on Red Sea shipping are likely to fall back...
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ENGINE: Europe & Africa Bunker Fuel Availability Outlook

Northwest Europe Bunker fuel availability is good in the ARA hub. Lead times of 5-7 days are recommended for HSFO...
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Wilhelmsen and MPC Capital acquire Hamburg-based ship manager Zeaborn

Wilhelmsen Ship Management (“Wilhelmsen”), a provider of third-party ship management services headquartered in Singapore, and Hamburg-based asset manager MPC Capital...
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Jan Caers is appointed as an expert Consultant in Marine Incident Investigations

As a global leader in marine incident, investigation, surveying, and consultancy, we’re proud to announce the appointment of Jan Caers...
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China Now Produces More Than Half of All New Tonnage

This has been yet another good year for China’s shipbuilding sector, which has continued to dominate both in output and...
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Asia Fuel Oil-Cash premiums stable; Singapore stockpiles ease

Cash premiums for fuel oil were little changed in Asia trade on Thursday, while onshore stocks in Singapore recently fell,...
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Japan container conglomerate ONE halts Red Sea navigation, reroutes to Cape of Good Hope

Japan’s container conglomerate Ocean Network Express has decided to suspend navigation away from the Suez Canal and the Red Sea...
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WinGD adds MITSUI E&S Tamano Factory to the Japanese engine-building network.

Swiss marine power company WinGD has concluded an agreement with Mitsui E&S Diesel United (MESDU), part of the Mitsui Engineering...
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