News Flash
Tankers: Business as Usual?
After the latest events in Israel and Gaza, the tanker market has been largely unaffected. However, as the crisis looks...
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Shipping must improve forecasting and not allow ‘uncertainty to delay action
Large scale changes identified in report include key ports becoming unusable due to climate change, a surge in the percentage...
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Dry Bulk Market: Capesizes Keep Going Strong
CapesizesClosing at $27,591 the Capesize TC average maintained similar levels week-on-week, however large gains were seen on Monday when the...
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BIMCO adopts new CII clause for Voyage Charter Parties
The shipping industry is facing an increase in new regulations from the International Maritime Organization (IMO) and the European Union...
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Special shipping containers provide some hope for container manufacturers
After the surge in output of 2021, the past 18 months have proved particularly challenging for Chinese box builders with...
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Shipping Must Look Beyond the Engine, The Real Challenge is an Industry Transformed, Cautions ABS Chairman and CEO
Shipping must look beyond its current focus on engine technology and address the widespread disruption introduced by the clean energy...
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Maersk signs deal with Starlink for its Ocean fleet
A.P. Moller–Maersks, the global leader of integrated container logistics, is embarking on a collaboration with Starlink, the pioneering satellite internet...
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India’s Sept diesel flows to Europe reach all-time peak, Oct volumes slowing
India’s September-loading diesel exports to Europe hit an unprecedented high as traders cashed in on arbitrage profits to the West,...
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Overseas Shipholding Group Purchases Vessel from BP
Overseas Shipholding Group, Inc. (“OSG”) announced today an agreement with BP Oil Shipping Company, USA, to purchase the tank vessel...
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Asia Fuel Oil-Cash differentials inch up; inventories extend fall
Fuel oil cash differentials were steady to higher in Asia on Thursday, while onshore inventories dipped for a third straight...
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Maxwell Marine Wins Contract to Supply Anchoring System for First USVs
Maxwell Marine, the anchoring solutions specialist, has been contracted to design and supply a technical anchoring system for the first...
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Wan Hai Lines Holds a Joint Naming Ceremony for 13,200teu Newbuilding “WAN HAI A05” & “WAN HAI A06” Accompanied by a Charity Donation
Wan Hai Lines Ltd. held a joint ship naming ceremony for WAN HAI A05 & WAN HAI A06 accompanied by...
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US sanctions two tanker owners for carrying Russian oil above price cap
The United States imposed sanctions on two owners of tankers that carried Russian oil above the G7 price cap of...
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China restricts refined oil product exports despite oil inventory increase of 0.7 mbpd
During the first three quarters of 2023, China has continued expanding its crude inventories by an estimated 0.7 million barrels...
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Baltic index extends declines as rates for larger vessels fall
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the third straight...
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Loss of Tamar gas supplies from Israel to impact Egyptian LNG exports: IEA
The loss of imports of Israeli gas from the shut-in Tamar platform is expected to further impact Egypt’s ability to...
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Russia’s Putin signals OPEC+ cuts are here to stay
Russian President Vladimir Putin said on Wednesday that OPEC+ coordination would continue in order to ensure predictability on the oil...
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Iron ore rebounds on renewed hopes for China stimulus
Iron ore futures rose on Wednesday, with the Singapore benchmark rebounding after six straight sessions of declines, as hopes re-emerged...
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Moby selects Kongsberg Maritime for emission-saving propulsion upgrade on five RO-RO passenger ferries
Kongsberg Maritime has won a contract to upgrade the propulsion systems on five RO-RO passenger ferries for Italian operator Moby....
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Mass Flow Meter Bunker measurement system mandatory as of 1 January 2026
From 1 January 2026, the use of a bunker measurement system for bunker vessels in the ports of Antwerp-Bruges and...
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