News Flash
CMA CGM signed a put option agreement for Altice Media
Rodolphe Saadé, Chairman & CEO of the CMA CGM Group, declared: Through this contemplated acquisition, we have the ambition to...
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Despite challenges, American Club experiences stability with the 2024 P&I renewal
The American Club has reported relatively moderate drops from the year-on-year renewal results, which reflects overall stability within the context...
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Fleet Upgrades Enabled Seanergy Maritime To Navigate Capesize Market Volatility During 2023
Seanergy Maritime Holdings Corp., announced today its financial results for the fourth quarter and twelve months ended December 31, 2023....
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Yemen’s Houthis threaten to extend ship attacks to Indian Ocean
Yemen’s Houthis vowed to prevent Israel-linked ships from passing through the Indian Ocean towards the Cape of Good Hope, the...
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IMO’s 2030 and 2040 GHG reduction targets now explicitly linked to fuel standard, whilst momentum builds on a universal GHG price (levy), but all options remain on the table
The Sixteenth Meeting of the Intersessional Working Group on Reduction of GHG Emissions from Ships has just concluded with some...
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Seapath Launches Jones Act Leasing Business with $25 Million in Initial Transactions
Seapath, one of Libra Group’s maritime subsidiaries dedicated to advancing critical maritime infrastructure, announced the launch of a Jones Act...
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Panama Canal Announces Increase in Daily Slots at Panamax Locks
In response to the present and projected level of Gatun Lake, the Panama Canal Authority (ACP) announced Today through Advisory...
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Asia Fuel Oil-Margins dip sightly; Kuwait offers HSFO supplies
Refining margins for fuel oil weakened slightly in Asia on Thursday, while Kuwait offered high sulphur fuel oil (HSFO) for...
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Hapag-Lloyd publishes the 2023 annual report and announces the forecast for the current financial year
Hapag-Lloyd yesterday published its annual report for 2023. As expected, a significant decrease in earnings was recorded. According to the...
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NIBC’s Shipping business shows robust 2023 performance amid a dynamic international economic environment
The size of the NIBC Shipping portfolio decreased slightly to EUR 955 million (compared to EUR 1,115 million in 2022)....
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LNG-fueled Car Carrier CERULEAN ACE Delivered MOL Moves Steadily toward Goal of 90 LNG/Methanol-fueled Vessels by 2030
Mitsui O.S.K. Lines, Ltd. announced that on March 13, the LNG-fueled car carrier CERULEAN ACE, was delivered at the Onishi...
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IAPH publishes an easy-to-use guide to discussions underway at the IMO on the reduction of Greenhouse Gas emissions from ships
Currently, IAPH is attending the 16th meeting of the IMO’s Intersessional Working Group on the reduction of GHG emissions from...
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Green methanol agreement could see Townsville join global green shipping network
Townsville stands to become a global leader in the production, export and supply of green methanol, following the signing of...
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Container rates drop to unsustainable levels, Maersk CEO says
The global container shipping market faces overcapacity in the coming years and the rates paid by customers have fallen to...
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Baltic index slips as capesize losses outweigh panamax gains
The Baltic Exchange’s main sea freight index declined on Thursday, as a fall in capesize rates overshadowed gains in the...
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New study by GTT, Lloyd’s Register and Shell concludes that predictive technology could extend tank inspection intervals on LNG carriers
A study led by GTT Group, Lloyd’s Register and Shell International Trading and Shipping Company Limited concludes that inspection intervals...
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The Port of València receives authorisation from the Government to put out to tender the construction of an electrical substation for 14.5 million
The Council of Ministers, at its meeting today and at the proposal of the Ministry of Transport and Sustainable Mobility,...
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Flyability Announce UT Probe Payload for the Elios 3 in Partnership with Cygnus – Marking Industry Milestone
Flyability, the market leader in confined space drones, announced today a new ultrasonic thickness measurement (UTM) payload for its flagship...
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OPEC expects share of Indian oil imports to rise again
OPEC is set to win a bigger share of India’s oil imports in coming decades due to the proximity of...
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Russia oil fleet shifts away from Liberia, Marshall Island flags amid US sanctions crackdown
Dozens of oil tankers used by Russia have stopped sailing under the Liberian and Marshall Islands flags in recent weeks...
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Recent News
Asia Distillates: Markets slip further; traders eye east-west spreads
U.S. coal exports reached a six-year record in June 2024
Lloyd’s Register (LR) has introduced its first class notation for fin stabilisers.
China kills energy trade with the US, but initial impact is limited
Corvus ESS will power the world’s first fully electric Offshore Vessel