News Flash
After hitting new highs in 2023, US lower 48 oil production growth will begin to slow considerably in 2024 and beyond
US Lower 48 oil production growth exceeded expectations in 2023, adding 900,000 barrels per day (b/d) despite inflationary pressures, private...
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China denies it is ‘remotely controlling’ port cranes to collect shipping data
Urging against the “weaponization” of economic and trade issues, China on Friday denied claims that it was “remotely controlling port...
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GPA’s January rail cargo jumps 27 percent
Cargo moved by rail at the Port of Savannah reached 47,132 containers in January, an increase of 10,000 boxes, or...
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Stronger West Asia, India spot interest pulling WAF, US LNG cargoes
Weak spot LNG prices globally have sparked spot buying interest in India and the Middle East, attracting selling interest from...
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Xeneta calls upon former Amazon and MSC logistics technology experts to join the ocean and air freight data revolution
How do you harness the power of data and technology to transform the way ocean and air freight is bought...
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The first Norsepower Rotor Sail™ funded by German Government to be fitted on Baltrader’s new cement carrier
Baltrader Capital GmbH & Co. KG, Hamburg, and Norsepower, the leading global provider of auxiliary wind propulsion systems, have signed...
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Vitol Bunkers takes delivery of first biofuel barge in Singapore
Vitol Bunkers said Feb. 22 it has taken delivery of its first biofuel bunker barge, the Marine Future, at the...
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Asia Distillates-Gasoil margin steady, Singapore stocks fall
Asia’s 10-ppm sulphur gasoil margin cash premium was little changed on Thursday amid absence of deals at the spot window,...
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Dalian iron ore falls for fourth day on China demand concerns
Dalian iron ore futures fell for a fourth consecutive session on Thursday amid concerns over steel demand in top consumer...
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Teekay Corporation Reports Strong Fourth Quarter Results, As 2023 Was the Best of the Past 15 Years
Teekay Corporation reported results for the three and twelve months ended December 31, 2023. These results include the Company’s publicly-listed...
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Eastern Pacific Shipping makes first wind propulsion move with bound4blue eSAILs
Eastern Pacific Shipping (EPS) has signed a contract for its first ever wind-assisted propulsion system, partnering with bound4blue to install...
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HD Hyundai Marine bags order to upgrade Chevron LNG tankers
HD Hyundai Marine Solution Co., a ship maintenance, retrofitting and digital solution provider under HD Hyundai Co., has won an...
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WinGD and Mitsubishi Shipbuilding agree ammonia fuel supply system
Swiss marine power company WinGD and Japanese shipbuilder and technology developer Mitsubishi Shipbuilding Co., Ltd. have completed the initial design...
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Maritime and Port Industry Stakeholders Welcome the IMCO vote on UCC Reform, urging further efforts to secure a smart, safe, and competitive Customs Union
Yesterday, the European Parliament’s Internal Market Committee (IMCO) adopted its report on the reform of the Union Customs Code (UCC)....
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Baltic index strengthens on climbing capesize and supramax rates
The Baltic Exchange’s dry bulk sea freight index rose to an over six-week high on Thursday, consecutively gaining for a...
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Manta Marine Technologies unveils new leadership
Manta Marine Technologies formerly known as Yara Marine Technologies (YMT) unveils their new brand and leadership team, following its recent...
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Kalmar’s electric and hybrid straddle carriers to play role in cutting emissions at ECT Delta terminal in Rotterdam
Kalmar, part of Cargotec, has concluded an agreement to supply Hutchison Ports ECT Rotterdam with two fully electric and eight...
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Strong Member support results in another positive renewal for West
The West of England P&I Club (West) is pleased to announce a successful 2024 renewal across all business lines and...
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ZeroNorth and Alpha Ori Technologies Close Deal To Join Forces, Accelerating Green Global Trade And Zero Emissions Shipping
ZeroNorth and Alpha Ori Technologies have announced today that they have received all required regulatory approval for their agreement to...
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Global Shipowners Body Sets Out Industry Principles To Combat Harassment And Bullying
Today, the International Chamber of Shipping (ICS), the global trade association for shipowners and operators, which represents over 80% of...
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