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Singapore’s PIL and DP World to decarbonize shipping with biofuel shipments

Singapore shipping company Pacific International Lines (PIL) and Dubai-based port operator DP World agreed to jointly develop green solutions to...
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China Shipping Turns Green: Chinese shipbuilders adopt green tech for orders

The International Maritime Organization has set a goal for net-zero emissions in the shipping industry by 2050. China, being a...
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Shipping seeks safe waters in era of deadly geopolitics

As tankers, car-carriers and other merchant vessels pass through the Malacca Strait, unlit fishing boats criss-cross the shipping lanes at...
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Baltic index extends losses on lower vessel demand

The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, fell for a third...
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Hayfin to acquire up to $1bn of shipping assets through Maritime Yield strategy, building on longstanding sector track record

Hayfin Capital Management (“Hayfin”), a leading alternative credit platform, today announces that it has completed a fundraising process for its...
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China’s Nov iron ore imports stay at elevated level on improving margins

China’s iron ore imports in November climbed 3.4% from October, customs data showed on Thursday, as improved steel mill margins...
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LNG freight rates from US Gulf Coast to NWE, Asia weaken as demand lags

Freight rates to ship LNG from the US Gulf Coast region to both Northwest Europe and Asia have cooled this...
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Asia Fuel Oil-VLSFO cash premium hits 10-week low, timespreads narrow

Asia’s cash premium 0.5% very low sulphur fuel oil (VLSFO) fell to a 10-week low on Thursday, while backwardation timespreads...
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UN ship agency adopts tougher resolution to tackle illicit ‘shadow’ fleet

The United Nations’ shipping agency on Wednesday adopted a resolution targeting illicit shipping practices from the so-called unregulated “shadow fleet”...
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Maersk to deploy first large methanol-enabled vessel on Asia – Europe trade lane

A.P. Moller – Maersk (Maersk) is about to launch the first of its 18 large methanol-enabled vessels currently on order....
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New Green Shipping Challenge Announcements at COP28: Leading the Global Energy Transition

Greenhouse gas emissions from the shipping sector are significant and rising. On their current trajectory, these emissions would be incompatible...
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Lloyd’s Register unifies its digital offering with LR OneOcean

Lloyd’s Register has merged its existing digital platforms under its new OneOceanLR brand, which has been launched following several recent...
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Asia Distillates-Markets record further term negotiations, more spot activity to emerge

Asia’s middle distillates markets recorded more term negotiations as some buyers sought first-half 2024 arrival cargoes in the region, though...
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Weaker vessel rates push Baltic index lower

The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, fell to its lowest...
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Methanol Engine Secures Bulker Orders

Japan’s Tsuneishi Shipbuilding Co., Ltd. has ordered 3 × MAN B&W 7G50ME-C9.6-LGIM (-Liquid Gas Injection Methanol) main engines in connection...
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DNV awards AiP for world’s largest car carrier design by China Merchants

At the Marintec China trade fair, DNV awarded an Approval in Principle (AiP) certificate to China Merchants Jinling Shipyard (Nanjing)...
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Oil CEO says blaming the energy industry for the climate crisis ‘like blaming farmers for obesity’

The chief executive of UAE-based energy firm Crescent Petroleum on Tuesday claimed that blaming the oil and gas industry for...
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Kalmar expands its global delivery capability with startup of electric reachstacker and Essential forklift truck production at Shanghai facility

Kalmar, part of Cargotec, is to begin production of its electric reachstacker and Essential forklift truck range at the company’s...
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BSM is ready to go for EU ETS

There are only a few days to go until EU’s Emission Trading System (EU ETS) kicks in for the shipping...
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OceanScore sees surge of new clients for EU ETS management solution driven by industry action for compliance

OceanScore is seeing rapid uptake of its recently launched EU ETS management solution with over 50 shipping companies now signed...
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