News Flash

Baltic index falls as all vessel segments post declines

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Thursday,...
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The principles and implications of General Average are not always fully understood by the offshore sector, warns the AAA

At a recent seminar in London organised by the International Underwriting Association of London (IUA) and the Association of Average...
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NautilusLog and Industry Leaders Announce the Launch of ISO 4891: A New Standard for Interoperability of Smart Applications Onboard Ships

NautilusLog, a leading maritime technology company based in Hamburg, proudly announces the release of ISO 4891: Ships and Marine Technology...
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Norsepower Rotor Sails™️ installed on Oceanus Aurora as part of IINO Lines and Borealis support of environmentally sustainable shipping

Wind propulsion leader Norsepower and esteemed shipping company IINO Kaiun Kaisha, Ltd. (IINO LINES) have completed the installation of two...
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Hempel joins RightShip’s Zero Harm Innovation Partners Program, strengthening commitment to a sustainable maritime industryHempel joins RightShip’s Zero Harm Innovation Partners Program, strengthening commitment to a sustainable maritime industry

Hempel proudly announces that it is joining RightShip’s Zero Harm Innovation Partners Program, aligning with its core commitments to a...
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China’s Oct coal imports from Russia rise 13%

China’s coal imports from Russia rose 13% in October from the same month a year earlier despite sanctions on Moscow,...
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Asia Fuel Oil-HSFO premiums fall while market structure softens

Spot premiums for high sulphur fuel oil (HSFO) dipped on Wednesday amid a backdrop of heavy supply arrivals, while the...
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LR explores future trends with Korean shipbuilders

The Global Conference on Naval Architecture and Ocean Engineering (G-NAOE) 2024, co-hosted by Lloyd's Register (LR) and The Society of...
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VIKAND Emphasises the Importance of Effective Communication in the Psychological Safety, Wellbeing, and Retention of Seafarers

Debate at the highest level is a key reason why London International Shipping Week is such a ‘must attend’ event...
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South Korean Shipbuilders Target $50 Billion in Orders Next Year

The shipbuilding supercycle is expected to continue next year, with projections indicating that domestic shipbuilders’ order volume will exceed $50...
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Baltic Index Falls As Panamax And Supramax Segments Log Declines

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, dropped on Monday,...
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Iron ore at one-week high on softer dollar, pre-holiday stocking

Iron ore futures rose for a second consecutive session to a one-week high on Tuesday, supported by a weaker dollar...
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With Syroco, Socatra reduces fuel consumption and emissions of Alcyone

Socatra, a leading provider of oil shipping services, and Syroco, the Climate Tech startup that supports the energy transition of...
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NorthStandard adjusts for conditions ahead with precautionary premiums increase

The return of higher claim volumes during 2024, increased exposure to larger claims, and continuing supply chain volatility have persuaded...
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LNG Bunkering Vessel Kaguya Conducts 100th Supply of LNG Building track record in Chubu region using ship-to-ship method

On November 5, the liquefied natural gas (LNG) bunkering vessel Kaguya conducted its 100th ship-to-ship supply of LNG fuel. This...
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MOL, KEPCO Sign MoU for Joint Study of Liquefied Hydrogen Carrier

Mitsui O.S.K. Lines, Ltd. and The Kansai Electric Power Company, Incorporated announced the signing of a memorandum of understanding (MoU)...
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Suspected attacks by Houthi rebels in Yemen target a ship in the Red Sea and Gulf of Aden

DUBAI, United Arab Emirates -- Suspected attacks by Yemen's Houthi rebels targeted a Panama-flagged bulk carrier traveling through the Red...
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Asia Fuel Oil-Spot benchmarks soften as influx of supply weighs

Spot fuel oil benchmarks eased on Tuesday as ample incoming supplies weighed on sentiment. Singapore’s cash premium for very low...
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EuroDry Ltd. Reports Net Loss of $5.2 Million

EuroDry Ltd., an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today its...
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Green corridors grow by 40% worldwide, but face a “feasibility wall”, says Global Maritime Forum report

Green shipping corridors – specific trade routes where the feasibility of zero-emission shipping is catalysed by public and private action...
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