News Flash

China’s consumer-driven sectors are a ‘sweet spot’ and opportunity for investors, says KKR

From pet food to liquor and lighting fixtures, global investing firm KKR is putting its money behind a suite of...
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Weeklong dock strike on Canada’s west coast is starting to pinch small businesses, experts say

Canadian consumers aren’t yet feeling the impact of the weekold port strike in British Columbia, but businesses are beginning to...
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Asia Naphtha/Gasoline-Naphtha crack extends gains amid drop in Russian supplies

Asia’s naphtha refining profit extended gains on Monday amid a drop in supply from Russia in recent weeks, although the...
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Baltic index gains on uptick in capesize, panamax rates

The Baltic Exchange’s main sea freight index rose on Monday, helped by rising rates for the larger vessel segments. The...
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Ship queues mount as dockworker strike in Canada drags on.

Canada’s two largest Pacific ports — Vancouver and Prince Rupert — remained at a standstill Friday as a strike by...
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The Fourth Round of the Clean Maritime Demonstration Competition (CMDC4) was announced.

The UK government has today announced a substantial commitment of £34 million in funding to support the maritime sector’s development...
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Asia-US container rates tick lower; Canada port strike enters 7th day.

Rates for shipping containers from east Asia and China to the US continue to fall amid soft demand for goods,...
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World Shipping Council: MEPC 80 climate targets must be followed by robust regulation.

At MEPC 80, IMO member nations met the shipping industry’s call for action on climate, setting a target of net-zero...
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Euroseas Ltd. Announces Delivery of M/V Terataki, an Eco 2,800 teu Feeder Containership Newbuilding, and Commencement of the Vessel’s Charter

Euroseas Ltd., an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today that...
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China miners seek coal import curbs to ease a glut

China’s coal inventories are so bloated and coal prices so depressed that some of the country’s miners have cut production...
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Canadian port strike talks resume, supported by federal mediators

Talks in Pacific Canada between striking dock workers and their employers have resumed after four days away from the negotiation...
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Panama Ship Registry becomes a member of the Qualship21 Program for the first time in 20 years.

The Panama Maritime Authority (AMP), the entity overseeing the Panama Ship Registry received a letter of approval from the United...
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IMO agrees on net-zero goal, confirms GHG pricing and new fuel rules development

The International Maritime Organization announced on July 7 tightened decarbonization targets for shipping, as well as confirming the development of...
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Maritime transport emissions: Commission welcomes new IMO climate ambition for 2030, 2040 and 2050 and calls to set transition in motion

The levels of ambition and indicative checkpoints take into account the lifecycle GHG emissions from marine fuels with the objective...
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PSA becomes the new shareholder of Duisburg gateway terminal Gmbh

PSA International Pte Ltd (PSA), headquartered in Singapore, has signed agreements to acquire a 22 percent minority stake in Duisburg...
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Agreement for methanol main engine retrofit solutions signed

MAN Energy Solutions has signed a Conversion Commitment Agreement with Seaspan Corporation (Seaspan), a global leader in containership ownership and...
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Suez Canal Announced Tariff Reduction for Chemical Tankers

For further enhancing the mutual benefits of both the Suez Canal Authority and its clients, as well as to promote...
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Iron ore flat as China steel curb woes offset optimism around stimulus hopes.

Iron ore futures struggled for firm direction on Thursday, as worries about steel production curbs in China offset optimism about...
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OPEC upbeat over 2024 oil demand outlook despite the slowdown

OPEC will likely maintain an upbeat view on oil demand growth for next year when it publishes its first outlook...
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Arab Maritime Petroleum Transport Company Partners with StormGeo for Enhanced Environmental Performance and Compliance

Arab Maritime Petroleum Transport Company (AMPTC) has implemented StormGeo’s cutting-edge environmental performance management solution across its entire fleet to effectively...
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