News Flash

Clasquin: Entry Into Exclusive Negotiations With SAS Shipping Agencies Services Sàrl, Subsidiary of MSC Mediterranean Shipping Company SA

Mr. Yves REVOL and OLYMP, controlling shareholders of Clasquin SA (Paris: ALCLA), announce that they have entered exclusive negotiations with...
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Asia Fuel Oil-Cash differentials steady as spot trading spree eases

Asia’s fuel oil cash differentials were little changed on Tuesday as an earlier trading spree in the spot market cooled...
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Baltic index snaps 8-session winning streak as larger vessel rates fall

The Baltic Exchange’s dry Bulk Sea Freight Index .BADI, tracking rates for ships carrying dry bulk commodities plunged on Tuesday,...
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Western Australian Government Unveils Plan for Relocation of Fremantle Port

Following years of intensive studies and consultations, the Western Australian (WA) government has unveiled its preferred design and location for...
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Philippine Coast Guard Builds Monitoring Station on South China Sea Island

The Philippines Coast Guard is inaugurating a new station located in the western reaches of the disputed Spratly Islands which...
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Baltic index gains hit a one-and-a-half-year high on strong vessel demand.

The Baltic Exchange’s dry bulk sea freight index rose for the eighth consecutive session on Monday, hitting a one-and-a-half-year high...
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Pakistan becomes Party to Hong Kong ship recycling Convention.

Pakistan has become a Party to the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships,...
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A.P. Møller-Maersk to invest more than USD $500 million in integrated supply chain capabilities in Southeast Asia

A.P. Moller-Maersk (Maersk) announced more than USD $ 500 million investment to expand its supply chain infrastructure to support Southeast...
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Russia’s November seaborne diesel exports rise as ban lifted, production rises.

Seaborne diesel and gasoil exports from Russian ports rose 8.5% in November from a month earlier to about 2.8 million...
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Thordon Bearings And Wärtsilä Launch Blue Ocean Alliance To Promote Stern tube-Less Ship Concept

In an initiative set to be transformational for ship design while protecting the oceans from pollution, Thordon Bearings and Wärtsilä...
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V.Group partners with Aither to provide carbon trading solutions for shipowners.

V.Group (V.), the ship management and marine services company, and Aither, which provides carbon trading solutions for shipowners and other...
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Laskaridis, Metis and Bureau Veritas partnership delivers new classification notations for smart shipping.

A smart ship partnership bringing together ship management company Laskaridis Shipping, digital technology provider METIS Cyberspace Technology, and classification society...
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Kongsberg Maritime to provide design, engineering, and equipment on a pair of methanol ready, chemical tankers for Sirius Rederi AB

Kongsberg Maritime has won a contract to supply design, engineering, and equipment for two MGO/Biofuel and methanol-ready chemical tankers for...
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Portuguese Navy Orders Unique Multi-Purpose Vessel Able to Launch Drones

The Portuguese Navy working with the Damen Shipyards Group has developed the designs for a unique Multi-Purpose vessel that will...
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Green Shipping Corridor Initiatives Doubled in 2023

Green shipping corridors are emerging as one of the promising approaches to accelerate climate action in shipping. At the ongoing...
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Scotland’s Last Lightship is Falling Apart and Will be Deconstructed

Scotland’s last lightship, and one of the final surviving examples of the unique and critical part of navigation safety, is...
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Big Oil’s opportunity for M&A in the petrochemicals downturn

Petrochemicals may be experiencing a severe cyclical downturn, triggered by excessive capacity build-out, but it’s one of the oil and...
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The potential of ports in developing Sustainable First Mover Initiatives

The transition to electrofuels is likely to change the fuel market landscape, creating new opportunities for developing countries. As global...
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IMO updates on work to cut GHG from shipping at COP 28

IMO has presented its latest work on reducing GHG emissions from ships, including the adoption of the 2023 IMO GHG...
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Venezuela’s oil exports remain almost unchanged, middlemen seek deals

Venezuela’s oil exports remained almost unchanged in November at 651,000 Barrels Per Day (BPD) even as an easing of U.S....
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