News Flash
UN shipping agency working ‘tirelessly’ to solve Red Sea crisis
The United Nations shipping agency is working “tirelessly” to solve the Red Sea crisis, which is severely disrupting the global...
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Greece: Four dead in shooting at shipping company
Four people were killed — including the suspected perpetrator — in a shooting that happened at the offices of a...
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BIMCO starts work on contract for growing wind turbine market
BIMCO has established a subcommittee to work on a global standard contract for the transport and installation of offshore wind...
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Baltic index scales 1-month high on firm rates for larger vessels
The Baltic Exchange’s dry bulk sea freight index rose to a one-month high on Monday, buoyed by firm capesize and...
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Panama Canal does not plan transit restrictions at least until April
The Panama Canal sees no need for further vessel transit restrictions until at least April, when its authority will evaluate...
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Asia spot LNG prices dip on tepid demand, healthy stocks
Asian spot liquefied natural gas (LNG) prices dipped this week, remaining below $10 per million British thermal units (mmBtu) for...
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Maersk pilots Shanghai as new global gateway for LCL Shipments
Maersk, the world’s leading shipping and logistics company, announces today that Maersk pilots Shanghai as its new global gateway of...
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APM Terminals calls on OEMs to support them in raising asset management standards
APM Terminals’ journey to towards becoming a world class asset management organisation started some years ago. In this next step...
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Shipyard working conditions and the Norwegian Transparency Act
Recent media reports have focused on allegedly poor working conditions at Turkish shipyards. The law firm Wikborg Rein reminds Norwegian...
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Asian LNG re-export trend continues to surpass Europe so far in 2024
Asian LNG re-exports have continued to outmatch reexports from Europe so far in 2024, maintaining Asia’s stronger reexport trend that...
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Damage of main engine crankshaft and the importance of the Planned Maintenance System
Over the years, we have seen many incidents regarding damage to main engine components such as the crankshaft, main bearing,...
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Asian imports of U.S. LPG fall, dragging down shipping rates
Shipping rates for Asia-bound liquefied petroleum gas have plummeted in 2024, touching a nearly three-year low, as higher prices for...
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Grain ships diverted from Red Sea; Russia sets export taxes
More ships carrying grain were diverted from the Suez Canal to sail around the Cape of Good Hope this week...
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Drewry: Dry Bulk Equity Index on the Rise
In January, Drewry’s Dry Bulk Equity Index rose 2.1% due to the intensifying conflict in the Red Sea which is...
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IMO Secretary-General sets fresh agenda for maritime
IMO Secretary-General Arsenio Dominguez shared the Organization’s plans and focus areas for the next four years, with the aim of...
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NORDEN reports annual result of USD 400 million for 2023 and continues to return cash to shareholders
NORDEN reports an annual result of USD 400 million (approx. DKK 2,760 million). For the fourth quarter of 2023 net...
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Dalian iron ore near one-week high on property demand hope
Iron ore futures in China climbed to near a one-week high on Thursday, on hope of better demand from the...
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India wants multi-year oil purchase deal with Guyana -Guyana minister
India wants to sign a multi-year oil purchase deal with Guyana and acquire stakes in the South American nation’s exploration...
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New zero-emission hydrogen-powered cargo vessel ready for operation on the Rhine
Dutch shipowner Future Proof Shipping (FPS), the EU-funded Flagships project, and the Interreg-funded ZEM Ports NS project launch the groundbreaking...
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VIKAND Launches Proactive Healthcare Program to Safeguard Seafarers and Protect the Commercial Viability of the Shipping Industry
VIKAND, a Global Leader in Maritime Healthcare, has launched a proactive 24/7 healthcare program to help safeguard seafarers and protect...
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