News Flash

IMO makes little headway on the building blocks towards an equitable and climate aligned GHG strategy

The fifteenth Intersessional Working Group on Greenhouse Gases (ISWG GHG 15) that concluded today, is the final working group meeting...
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Tankers: A Quiet Week For VLCCs

LR2 MEG LR2’s have fluctuated up and down this week as the region has had to deal with the Eid...
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Dry Bulk Market: Capesize Market in Mixed Mode

Capesize Throughout the week, the Capesize market experienced mixed dynamics. Monday began with a relatively active start as the major...
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Slow tanker fleet growth, robust crude trade signal strong H2 2023 freight outlook

Surging Chinese oil demand, a lingering war in Ukraine, record-low order book and robust crude trade flows have led to...
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Schedule Reliability Reaches Three-Year High with Blank Sailings Down

Schedule reliability for the global container shipping industry continues its rebound from the depths of the delays in 2021 and...
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India Gives Vietnam a Warship in Response to China’s Regional Actions

Ten days after India announced its intention to give Vietnam a warship, the 32-year-old missile corvette Kirpan officially departed for Vietnam on...
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Level playing field between EU ports and within the maritime logistics chain must remain a priority

The importance of harmonized implementation of “Fit for 55” proposals and more particularly AFIR, as a means to guarantee a...
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Dutch and Belgian shipowners call for clear signal from IMO: decide now on the route to zero

Next week, the 80th meeting of the IMO’s Marine Environment Protection Committee (which focuses specifically on climate and environmental challenges...
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Ports have a vital role to play in the fight against greenhouse gas emissions

The shipping industry is undergoing a transformative shift towards sustainability and the International Maritime Organization (IMO) is set to adopt...
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US dollar share of global reserves edges up in first quarter, euro’s share dips, IMF says

The U.S. dollar’s share of currency reserves reported to the International Monetary Fund rose in the first quarter of the...
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Asia Fuel Oil-Cash differentials steady; inventories rise across key hubs

Cash differentials for fuel oil held steady in Asia amid thin trade on Friday, while onshore inventories climbed at key...
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Russia’s top diplomat Lavrov sees no reason to extend grain deal

Russia saidon Friday it saw no reason to extend the Black Sea grain deal beyond July 17 because the West...
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Retreat across vessels drags Baltic dry index to worst week in four

The Baltic exchange’s main sea freight index .BADI recorded its worst week in four on Friday dragged by a retreat...
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Global container freight stuck in doldrums

Global trade remained in the doldrums during the second quarter as China’s post-lockdown rebound proved slower than expected and was...
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Japan’s Classification Society ClassNK for Ammonia and LCO2 Carrier

Mitsubishi Shipbuilding Co., Ltd., a part of the Mitsubishi Heavy Industries (MHI) Group, and Nippon Yusen Kabushiki Kaisha (NYK Line)...
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Pace CCS and deepC Store submit CO2 shipping supply specification to the Australian Government

deepC Store (“dCS”) has submitted the CO₂ supply specification for CStore1, dCS’s floating CCS hub project, developed with carbon capture...
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SEA-LNG coalition calls on IMO to regulate all GHG emissions on a full lifecycle basis

Clear and consistent regulation is key to driving maritime decarbonisation. With this in mind, and ahead the International Maritime Organization’s...
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Navigating the Seas of Change: A Global Energy Conference Drives Insight and Empowers Industry Professionals

GRM (Global Risk Management) and Baseblue are thrilled to announce the successful conclusion of the “Navigating the Seas of Change”...
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Baltic index extends retreat as vessel demand slips

The Baltic Exchange’s main sea freight index extended decline for a fourth straight session on Thursday, pressured by lower rates...
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EPA Settles with Shipping Companies over Claims of Clean Water Act Violations

The U.S. Environmental Protection Agency (EPA) has settled with two shipping companies over claims of violations of EPA’s Vessel General...
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