News Flash

Stella Maris warns seafarers face mounting risks running the Red and Black Sea gauntlet

Houthis resumed their attacks on shipping in Red Sea last week, firing missiles and drones. Since last November they have...
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China overtakes Japan in April as Australia’s top coal market

Australia shipped more coal to China than Japan in April, the first time this has happened in any month in...
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Seafarers Happiness Index reveals uptick in Seafarer Wellbeing in Q1 2024

The findings of the latest Seafarers Happiness Index report by the Mission to Seafarers show a positive start to 2024,...
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Kongsberg: 26 per cent growth and EBIT of NOK 1.46 billion in the First Quarter

We’ve achieved a quarter of growth and strong results. Our key performance indicators have progressed as anticipated, and our strong...
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Asia Fuel Oil-Spot 180-cst HSFO market jumps on firmer trade

Asia’s spot market for 180-cst high sulphur fuel oil (HSFO) firmed on Tuesday as a stronger bid emerged and traded,...
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Time for “Fit for 55” implementation

On April 8th, 2024, FEPORT Secretary General and 27 high-level representatives of different parts of the mobility value chain and...
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ESG provides a roadmap for dry bulk shipping says INTERCARGO as it publishes first ESG Review

The evolving Environmental, Social, and Governance (ESG) agenda is not merely a prerequisite for operating in the dry bulk shipping...
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Baltic index steady as gains in capesize offset lower rates for smaller vessels

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, was mostly unchanged on Tuesday...
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LNG selling interest paused as sellers await bids from competitive demand hubs

Aggressive European bids have been met with scarce selling interest as sellers in the global LNG market wait for stronger...
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Why the electric freight and sustainable shipping sector is turning to the Middle East

Sustainable shipping and autonomous electric freight technology has been underestimated in terms of the impact it can make on reducing...
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BHP: As the steel technology transition accelerates, met coal’s biggest exporter wants to get even bigger

BHP’s US$40 billion takeover bid for Anglo American is mainly about copper. However, a successful takeover would also make BHP...
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DeepSea Technologies and G2 Ocean roll out groundbreaking AI voyage optimisation tool that does not require hardware installation

DeepSea Technologies, the award-winning Al-led maritime technology company and energy efficiency experts, today announced the completion of a project supported...
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Shipping analyst: Red Sea crisis is preventing a freight rate and liner profit collapse

The longevity of the Red Sea crisis holds the key to global freight rate levels and the fortunes of container...
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Cyprus Shipping Chamber applauds adoption of net-zero act

The Cyprus Shipping Chamber (CSC) recently announced that it welcomed the adoption of the Net-Zero Industry Act proposal by the...
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OQ AND SEA-LNG Members Totalenergies And Sohar Port To Bunker LNG In Oman

Patrick Pouyanné, Chairman and CEO of TotalEnergies, a SEA-LNG Member, and Mr. Mulham Basheer Al Jarf, Chairman of OQ, the...
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Baltic index slips for 6th day on weaker vessel rates

The Baltic Exchange’s dry bulk sea freight index fell on Monday, hurt by weaker demand across all vessel segments, with...
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Belships ASA: Change in ownership of Lighthouse Navigation

Belships has entered into an agreement to divest its stake of 50 per cent in Lighthouse Navigation Pte Ltd against...
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Diana Shipping Inc. Announces Time Charter Contract for m/v Leto With ASL

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced...
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India receives oil cargo in Russian SCF tanker after brief halt, sources say

A ship controlled by U.S.-sanctioned Russian shipping giant Sovcomflot (SCF) discharged fuel oil at a western Indian port on Friday,...
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End of the oil supercycle?

The International Energy Agency’s (IEA) latest Oil Market Report paints a surprising picture for the future of oil. While global...
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