News Flash
Energy efficiency compliance after alterations or conversions
The EEXI requirement came into effect on 1 January 2023, and all affected ships should now comply. To maintain compliance,...
Read More
Samsung Heavy Industries secures $508M shipbuilding deal
Samsung Heavy Industries secured a 724 billion won ($508 million) deal to build two very large ethane carriers for an...
Read More
Shipping firms expect profits despite declining freight rates and rising dollar in South Korea
The shipping industry is expected to report solid profits despite deteriorating market conditions due to the rise in the won-dollar...
Read More
Russian ship that sank off Spanish coast was blown up in ‘act of terrorism,’ RIA cites owner
A Russian cargo ship that ran into trouble on Monday in the Mediterranean Sea and later sank was rocked by...
Read More
Seafarers move global trade — and Christmas gifts. These ministries bring them holiday cheer
On a balmy December evening, four Indian crew members, eager to go explore this Mediterranean city where their container ship...
Read More
Panama: Protesters say ‘enemy’ Trump must leave canal alone
US President-elect Donald Trump said that the Panama Canal should be “returned” to Washington’s control if shipping fees are not...
Read More
Asia Fuel Oil: Thin market liquidity persists; cash premiums mixed
Asia’s fuel oil markets continued to be barren of deals on Friday, as thin trading liquidity on the window persisted...
Read More
New Regulation: FuelEU Maritime Comes into Force on 1 January
FuelEU Maritime aims to promote the use of green and low-emission fuels within EU shipping. Danish Shipping supports the new...
Read More
Raising safety standards in port terminal operations
In 2015, a Macquarie Asset Management (MAM)-managed fund, Macquarie Infrastructure Partners III (MIP III), acquired a significant minority stake in...
Read More
FUJAIRAH DATA: Oil products stockpiles head for 2024 gain
Refined oil products inventories at the UAE’s Port of Fujairah rose 4.7% in the week ended Dec. 23, heading for...
Read More
Russia’s first ice-class LNG carrier enters sea trials, data shows
The first Russian-built ice-class liquefied natural gas (LNG) carrier has entered sea trials, LSEG data showed on Friday, as part...
Read More
Transpetro concludes commercial negotiation phase with Ecovix/ McLaren consortium for acquisition of Handy ships
Transpetro finalized the commercial negotiation phase with a consortium constituted by the Ecovix, in Rio Grande (RS), and McLaren, in...
Read More
Shipbuilding orders surge to 15-year high
Owners plowed more than $188 billion into newbuilds in the first 11 months of the year, on course for the...
Read More
Saudi non-oil exports jump 12.7% to $6.76bn in October
According to the General Authority for Statistics, chemical products led the non-oil export categories, accounting for 26.8 percent of the...
Read More
Construction begins on Estonia’s first biomethane-powered multipurpose workboat
Estonia’s first biomethane-powered multipurpose workboat was officially laid down in a ceremonial keel-laying event, according to Estonian State Fleet's release....
Read More
Saipem and AVEVA sign a MoU to develop AI solutions for engineering in the energy and infrastructure sector
Saipem, a global leader in engineering services for the energy and infrastructure sectors, and AVEVA, a global leader in industrial...
Read More
COSCO and China Merchants increase investments in China LNG Transportation
COSCO SHIPPING Energy and China Merchants Energy Transportation are increasing their investments in China LNG Transportation (Holdings) Co., Ltd. (CLNG)...
Read More
Samsung Heavy wins $508 mln ethane carrier order
Samsung Heavy Industries secured a 724 billion won ($508 million) deal to build two very large ethane carriers for an...
Read More
Hanxin Shipping signs a liner company cooperation agreement with Luojing Branch of SIPG Group
Hanxin Shipping Co., Ltd. and Shanghai International Port (Group) Co., Ltd. Luojing Branch signed a liner company cooperation agreement, according...
Read More
China resumes port quarantine of Australian lobsters
China has resumed routine port inspection and quarantine of lobsters from Australia, Xinhua reports citing He Yongqian, spokesperson with the...
Read More