News Flash

ITIC suggests EU ETS will cost the shipping industry billions.

International Transport Intermediaries Club (ITIC) has forecasted that the cost of the European Union’s (EU’s) new Emissions Trading Scheme (ETS)...
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Clarksons: Car Carrier Market At Record Highs

Car Carrier Trade & Transport 2023, the comprehensive annual review and outlook for the car carrier shipping market, has today...
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MISC’s LNG segment outlook to remain positive in 2H24, says RHB Research

MISC Bhd’s liquefied natural gas (LNG) outlook remains positive, and the company believes that clients are willing to offer decent...
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Safety is a Catalyst for Decarbonization Innovation, ABS Chairman and CEO Tells COP28

“Safety is not merely a box to check but a dynamic force shaping the trajectory of our industry. It acts...
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Wärtsilä to extend existing biogas plant to produce 45 tons of bio LNG per day.

Technology group Wärtsilä will supply, install, commission and start-up the biogas upgrading and liquefaction units for a Swedish bioLNG plant....
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Asia Fuel Oil-HSFO cash differential fluctuates in volatile trade.

Asia’s cash differential for 380-cst high sulphur fuel oil (HSFO) has been teetering between discounts and premiums in recent sessions...
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Baltic index snaps 4-day losing streak on firm capesize rates.

The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday as...
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Keppel partners AM Green to explore biogenic carbon-based sustainable fuels opportunities in Asia and the Middle East

Keppel Corporation Limited (Keppel), through its Infrastructure Division, and AM Green, which is wholly owned and controlled by the founders...
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China’s economy has a ‘steep hill to climb’ despite positive export surprise, HSBC says

The Chinese economy still has a “steep hill to climb” despite a surprise pickup in exports and is unlikely to...
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US drillers add oil and gas rigs for fourth week in a row – Baker Hughes

U.S. energy firms this week added oil and natural gas rigs for a fourth week in a row for the...
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US wage growth, once an inflation risk, may now be the prop a soft landing needs

Federal Reserve officials will look at new wage data due out Friday to confirm what many have come to suspect:...
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Asia spot LNG prices fall on continued muted demand

Asian spot liquefied natural gas (LNG) prices slightly fell this week on continued lack of interest for spot supply from...
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Comfortable European gas market

European storage at record levelsThe European gas market couldn’t have entered the 2023/24 heating season in better shape. The heating...
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APM Terminals and DP World launch Zero Emission Port Alliance at COP28

APM Terminals and DP World today announce the formation of the Zero Emission Port Alliance (ZEPA), an industry-wide strategic coalition...
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India turns to coal as hydro generation falls

India produced a record amount of electricity from coal in October to make up for a shortfall in hydro generation...
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Singapore’s PIL and DP World to decarbonize shipping with biofuel shipments

Singapore shipping company Pacific International Lines (PIL) and Dubai-based port operator DP World agreed to jointly develop green solutions to...
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China Shipping Turns Green: Chinese shipbuilders adopt green tech for orders

The International Maritime Organization has set a goal for net-zero emissions in the shipping industry by 2050. China, being a...
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Shipping seeks safe waters in era of deadly geopolitics

As tankers, car-carriers and other merchant vessels pass through the Malacca Strait, unlit fishing boats criss-cross the shipping lanes at...
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Baltic index extends losses on lower vessel demand

The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, fell for a third...
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Hayfin to acquire up to $1bn of shipping assets through Maritime Yield strategy, building on longstanding sector track record

Hayfin Capital Management (“Hayfin”), a leading alternative credit platform, today announces that it has completed a fundraising process for its...
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