News Flash

China: Shipbuilding production, orders surge

China’s shipbuilding industry recorded sound development in the first eight months, with robust growth in output, new orders and holding...
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How will marine underwriters capture the benefits of digitalisation?, asks IUMI

Digitalisation is making significant inroads into many aspects of global shipping and marine insurance must be ready to embrace this...
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Houston-Japan VLGC freight rates reach multi-year high amid Panama Canal-related delays

VLGC freight rates from Houston to Chiba, Japan, reached $245/mt Sept. 21 for the first time since 2015, according to...
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Morgan Stanley ups Brent forecasts on Saudi-Russia cuts, says $100/bbl ‘stretched’

Morgan Stanley has raised its Brent oil price forecasts, saying the market could remain under-supplied for several quarters especially after...
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Russia mulls extra tax for some commodities exports, including metals

Russia is considering imposing an additional tax tied to the rouble-dollar rate on exports of metals, fertilisers and some other...
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Joint Development of AI-Powered Automatic Draft Survey Application

Kawasaki Kisen Kaisha, Ltd. (“K” LINE), TIS Inc. (“TIS”), and Miotsukushi Analytics Inc. (“Miotsukushi”) are pleased to announce that we...
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COSCO SHIPPING signs Memorandum of Cooperation on the Construction of a Green Methanol Industrial Chain

On September 20, China COSCO SHIPPING Corporation Limited (COSCO Shipping), State Power Investment Corporation Limited (SPIC), Shanghai International Port Group...
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Tanker involved in US seizure of Iran oil cargo changes name

An oil tanker confiscated by the United States for carrying Iranian oil and diverted to the U.S. Gulf Coast, was...
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Asia Fuel Oil-VLSFO dips after recent gains; Singapore inventories climb

Asia’s very low sulphur fuel oil (VLSFO) market eased on Thursday after earlier gains in the week, while inventories at...
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Russia cuts September seaborne diesel exports to meet domestic shortage

Russia cut its seaborne diesel and gasoil exports by nearly 30% to about 1.7 million metric tons in the first...
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Baltic index snaps 11-session rally as rates for larger vessels ease

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, snapped its 11-session winning streak...
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Shipping’s move to net zero is welcome but new risks must be understood and insured, says IUMI President

IMO’s recent strengthening of its environmental ambitions heralds a significant turning point for the shipping industry and, consequently, a heightened...
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Samsung Heavy develops laser high-speed welding robot for LNG vessels

South Korea’s Samsung Heavy Industries said on Thursday that it has developed the maritime sector’s first laser high-speed welding robot,...
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Ships ready to export Ukrainian grain but Russian SWIFT access, insurance remain issues

Exports of grain from Ukraine are ready to restart using a temporary corridor, with the first dry bulk carriers in...
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Iron ore drifts higher, but China property woes limit upside

Iron ore futures edged higher on Wednesday after trading in a tight range, as signs of economic stabilisation in China...
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China’s fuel oil imports ease for second straight month in August

China’s fuel oil imports retreated for a second consecutive month in August, data from the General Administration of Customs showed...
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Asia Fuel Oil-HSFO extends slide; China imports ease

Asia’s high sulphur fuel oil (HSFO) market extended declines on Wednesday, while latest customs data showed a fall in China’s...
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Baltic index rises for 11th straight session on strong vessel rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose for the11th consecutive...
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Russian energy ministry to take “measures” against grey exports of fuel – Ifx

Russian energy ministry said on Wednesday it would take “radical” measures to stop the “grey export” of oil products in...
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Bureau Veritas Invests in Software Innovator OrbitMI to Propel Performance in the Maritime Industry

Bureau Veritas, a world leader in testing, inspection, and certification services, and OrbitMI, the New York-based maritime software company, have...
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