News Flash

Romanian port key for Ukraine grain faces overflow as Black Sea deal on edge

Ukraine’s on-off Black Sea grain deal has made the nearest port of Constanta in neighboring Romania a key alternative that...
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Erma First Launches Flexcap for Improved CII And EEXI Performance

ERMA FIRST, a globally leading sustainable maritime solutions provider, has launched a new energy-saving device (ESD) that promises reduced fuel...
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Baleària plans to stop emitting almost 80,000 tonnes of CO2 by the end of the year thanks to the use of natural gas

In recent weeks, Baleària has increased the consumption of natural gas on its ten dual-engined ships to one hundred percent....
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Baltic index steady as larger vessels snap losing streak

The Baltic Exchange’s main sea freight index was little changed on Thursday as the capesize and Panamax segments snapped their...
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Global liquefied natural gas trade volumes set a new record in 2022

In 2022, global trade in liquefied natural gas (LNG) set a record high, averaging 51.7 billion cubic feet per day...
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$19 billion in trade stranded on water as Canada’s West Coast labor negotiations hit pause

After a fourth day of negotiations, the British Columbia Maritime Employers Association told CNBC that negotiations with the International Longshore...
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ZeroNorth contributes to Vessel Emissions Reporting Standard released by Energy LEAP to meet existing regulatory requirements

Technology company ZeroNorth and Energy LEAP, a strategic alliance between energy majors, together with other industry partners have published a...
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Iran’s LPG exports reach record high of 973,060 mt in May

Iran’s LPG exports loading in May were estimated at around 973,260 mt, about a third above April-loading shipments and exceeding...
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US June LNG exports fall 10% on maintenance cuts, weaker demand.

U.S. exports of liquefied natural gas fell 10% in June to 6.82 million tonnes (MT), from 7.58 MT the previous...
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Asia Fuel Oil-HSFO retains strength, tenders underway.

Asia’s high-sulfur fuel oil (HSFO) market extended gains on Wednesday as stronger bids emerged, even as supplies to the East...
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Costamare Inc. Appoints New Chief Commercial Officer Monaco

Costamare Inc. has appointed Peter Lund as Chief Commercial Officer. He is expected to take up his position with Costamare...
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We can maximize the use of Chabahar Port after Iran’s SCO membership: PM Modi

Prime Minister Narendra Modi Tuesday said the members of the Shanghai Cooperation Organization can work towards maximizing the utilization of...
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From Los Angeles to Shanghai, the port cities are collaborating to cut shipping emissions.

Shipping is responsible for 3% of global greenhouse gas emissions, far less than road transport. But its emissions are notoriously...
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The baltic index falls to 1-month low on waning vessel demand

The Baltic Exchange’s main sea freight index.BADI fell to its lowest in one month on Wednesday as weakness in steel...
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Seafarers’ welfare organizations come together to address abuse, bullying, and harassment at sea.

A coalition of UK-based organizations concerned about seafarers’ welfare has come together to address abuse, bullying, harassment, discrimination, and violence...
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Russia sees no grounds to renew grain deal – foreign ministry.

Russia sees no basis for renewing the Black Sea grain deal, the Russian foreign ministry said on Tuesday, less than...
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AI-based project to optimize vessel performance forecasting concludes testing.

Maritime technology company Yara Marine Technologies, Artificial Intelligence (AI) application developers Molflow, Chalmers University of Technology, and social science specialists...
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The joint research team from Korea and Germany seeks to enhance the production efficiency of fuel cells with laser machining technology.

Fuel cells used for vessels and airplanes are becoming increasingly lighter to improve efficiency, and this is leading to a...
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NYK joins GCMD as the first Japan-headquartered strategic partner to accelerate shipping’s decarbonization.

The Global Centre for Maritime Decarbonization (GCMD) and Nippon Yusen Kabushiki Kaisha (NYK) announced today the signing of a five-year...
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Treaty to continue toxic business-as-usual on the beaches of South Asia while undermining efforts for reform

The International Maritime Organisation’s (IMO) Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships will enter...
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