News Flash

For ILWU, West Coast port deal to be union-ratified, here’s what has to happen next

West Coast port management and the labor union representing port workers reached a tentative deal late on Wednesday after the...
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CargoShare Looking to transform the Chartering Procedure

CargoShare is a software solution that aims to bring innovation to the maritime industry by transforming the chartering procedure into...
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Asian spot LNG prices rise to a 3-month high tracking European prices.

Asian spot liquefied natural gas (LNG) prices reversed their multi-week downward trend and rose to a three-month high this week,...
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Asia-US container rates pull back; USWC ports, dockworkers agree to a new deal

Shipping container rates from East Asia and China to the US pulled back after surging last week, West Coast ports...
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Hundreds Feared Dead in Migrant Boat Sinking Off Greece

About 104 people have been rescued, 78 have been confirmed dead and hundreds more are missing after a large migrant...
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LNG Will Be the Most Affordable Compliance Option for EU GHG Rules

LNG has its critics in environmental circles, but its fiscal attractiveness is clear, according to the industry advocacy group SEA-LNG....
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Mitsui O.S.K. Lines, Ltd. (MOL) makes strategic investment in Ascension Clean Energy Leading global shipping company’s latest shareholder in the planned Louisiana clean hydrogen-ammonia production facility

MOL Clean Energy, US, LLC (“MCE”), a 100% subsidiary of Mitsui O.S.K. Lines, Ltd. (MOL), and Clean Hydrogen Works, LLC...
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People, Technology, Sustainability, and Partnership at the heart of the Columbia Group launch

The launch of the Columbia Group is an exciting milestone in its journey to create a stronger, more integrated organization...
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Tentative US West Coast port contract deal reached, union and Employers say

The Longshore union and employers of 22,000 dockworkers at U.S. West Coast ports on Wednesday said they have reached a...
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VLSFO firms despite the recent Al Zour tender

Asia’s very-low sulfur fuel oil (VLSFO) market strengthened on Thursday, despite a term tender issued recently by Kuwait’s Al Zour...
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Baltic index extends gains on stronger vessel rates

The Baltic Exchange’s main sea freight index rose for a tenth straight session on Thursday, supported by higher rates across...
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Bangladesh seeks 9 LNG cargoes for the second half of the year – official

Bangladesh plans to buy nine cargoes of liquefied natural gas (LNG) from the spot market for the second half of...
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Supertanker freight rates jump as Mideast crude exports to Asia rise

The costs of chartering supertankers to move crude oil from the Middle East to Asia have jumped to the highest...
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Safer pilot transfers are still needed according to The BMA

Despite the success of the Concentrated Inspection Campaign (CIC) for pilot transfer arrangements instigated by The Bahamas Maritime Authority (BMA)...
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Vela unveils its unique sailing cargo trimaran: an innovative ship for 100% wind powered transportation

VELA, committed to the decarbonization of the maritime freight industry, has proudly unveiled the design of its first-of-its-kind trimaran cargo...
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Port of Long Beach Sees Progress in May

The Port of Long Beach in May reached its strongest month so far in 2023, raising mid-year hopes of a...
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Growth in global oil demand is set to slow significantly by 2028

Growth in the world’s demand for oil is set to slow almost to a halt in the coming years, with...
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Black Sea Grain Initiative exports up 65% since last week, but few ships are entering ports

Last week, between 5 and 11 June, the volume of agricultural products exported via the Black Sea Grain Initiative increased...
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Kalmar introduces Electric Straddle Carrier Charge Family, further expanding its eco-efficient portfolio of fully electric equipment

Kalmar, part of Cargotec, has announced the launch of the Electric Straddle Carrier Charge Family, the latest addition to its...
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Hyundai Vietnam Shipbuilding wins order for 2 oil and chemical tankers

Hyundai Vietnam Shipbuilding Co., a unit of South Korean shipbuilding, oil refining and machinery conglomerate HD Hyundai, said Wednesday it...
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