News Flash
ClassNK grants Innovation Endorsements for Products & Solutions to three solutions developed by iO3
ClassNK has granted its Innovation Endorsements for Products & Solutions*1 to an internet payment facility ‘V.Pay’, an AI maritime camera...
Read More
Hapag-Lloyd and Seaspan to retrofit five vessels to methanol propulsion
Hapag-Lloyd and Seaspan Corporation enter into a partnership agreement to retrofit and convert five 10,100 TEU container ships powered by...
Read More
Coastal Sustainability Alliance Boosts Development And Adoption Of Maritime Biofuel In Singapore
The Coastal Sustainability Alliance (CSA), an industry collaborative effort led by Kuok Maritime Group (“KMG”), today announced its plans to...
Read More
China’s iron ore imports rise as inventories build: Russel
Iron ore has emerged as the surprise in China’s first quarter commodity imports, with arrivals posting strong gains despite the...
Read More
HSFO East-West swap hits five-month high amid supply overhang in Asia, European demand uptick
The 380 CST East-West spread — the difference between the 380 CST FOB Singapore HSFO swap and the 380 CST...
Read More
Baltic index hits near 3-week high on firm demand across segments
The Baltic Exchange’s main dry bulk sea freight index climbed to its highest level in nearly three weeks on Tuesday,...
Read More
Somali pirates free Bangladesh cargo ship after ransom paid
Somali pirates released the hijacked ship MV Abdullah on Sunday after its Bangladeshi owners reportedly paid a $5 million (€4.7...
Read More
Clean Arctic Alliance Welcomes Denmark’s Banning of Scrubber Wastewater Discharges
The Clean Arctic Alliance today welcomed the Danish government’s announcement that it will prohibit the discharge of scrubber water from...
Read More
Oldendorff Carriers contracts with Harbor Lab to provide global transparency in port transactions and revolutionise disbursement accounting
Harbor Lab, a global leader in maritime technology for centralizing and simplifying port disbursement costs is today announcing a new...
Read More
Asia Fuel Oil-VLSFO discount widens, market structure slips to parity
The spot discount for very low sulphur fuel oil (VLSFO) widened on Monday, while the market intermonth structure weakened to...
Read More
Setting Sail To Build In Europe 10,000 Sustainable And Digitalised Vessels By 2035
SEA Europe, the association representing the European maritime technology industry, comprising shipyards and maritime equipment manufacturers, has issued a resounding...
Read More
Smart Shipping Revenues Expected to Exceed $540 million in 2024
The Future of Smart Shipping – 2024. The second edition to our highly popular 2020 report offers an in-depth analysis...
Read More
Shipping industry braces for more disruptions as Iran-Israel conflict to further drive up freight rates, travel times
The recent back-and-forth attacks between Iran and Israel has added another ingredient to the already stormy mix Indian shipping and...
Read More
Iran says MSC Aries vessel seized for ‘violating maritime laws’
A Portuguese-flagged cargo ship, the MSC Aries, was seized by Iran on April 13 for ”violating maritime laws”, Iran’s foreign...
Read More
Escalating Middle East Tensions Trigger Projected Surge in War Risk Premiums and Freight Rates
In a significant escalation of tensions in the Middle East, Iran’s capture of the MSC Aries, a container ship linked...
Read More
Baltic index steady as gains in smaller vessels counter weaker capsize
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, were little changed on Monday...
Read More
Canadian heavy crude trade to Asia picks up as Trans Mountain Expansion startup nears
Spot trade of arbitrage heavy Canadian crude to Asia has picked up pace ahead of the commencement of Canada’s Trans...
Read More
Americas midsize crude tanker intertrade to drive freight as TMX expected online at end-Q2
Freight for ships carrying crude in the Americas is expected to remain wrapped up in intertrade dynamics between the midsize...
Read More
Asia spot LNG at 3-month peak on steady demand, supply disruption
Asian spot liquefied natural gas (LNG) prices edged up this week, reaching the highest levels in three months, as they...
Read More
Tighter fundamentals and geopolitics are pushing commodities higher
Oil market tightens as geopolitical risks grow Oil prices have seen significant strength through March and early April. ICE Brent...
Read More