News Flash
Baltic index declines for second day on weak demand across vessels
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for a...
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No Wires Needed! Quick and Safe Docking with Automated Mooring for Autonomous Ships – KIMM develops automated mooring technology for autonomous ships
The Korea Institute of Machinery & Materials (KIMM) has successfully developed an advanced automated mooring system aimed at enhancing the...
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Houlder highlights ‘uncertainty dilemma’ stalling shipping’s decarbonization
A qualitative survey of shipowners conducted by design and engineering consultancy, Houlder, has highlighted that uncertainty is perceived by shipowners...
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OSM Thome rolls out Kaiko Systems to streamline inspections across entire fleet
OSM Thome, a global leader of technical, crew and marine services to the offshore and maritime industry, has signed an...
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US crude exports to China rebound from four-year low but outlook glum, Kpler says
U.S. exports of crude oil to China, the world’s top oil importer, have rebounded in October from their lowest levels...
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Asia Fuel Oil-VLSFO premium declines to lowest in six weeks
Asia’s spot premium for very low sulphur fuel oil (VLSFO) fell to a six-week low on Monday as competitive offers...
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LNG tankers divert to Europe from Asia after Russia halts supplies to Austria’s OMV
At least five cargoes of liquefied natural gas have diverted from Asia to Europe in the past few days, drawn...
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DNV and Seatrium collaborate to drive innovation and sustainable product development in the marine and offshore industries
DNV has signed a Memorandum of Understanding (MoU) with Seatrium, a leading engineering solutions provider to the offshore and marine...
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EU widens sanctions on Iranian shipping firms
The European Union has widened its sanctions against Iran over Tehran’s support of Russia in its war with Ukraine, the...
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Star Bulk will use biofuels to comply with FuelEU Maritime rules
Star Bulk — one of the largest dry bulk shipping companies — will start buying biofuels to power its fleet...
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Baltic index falls as all vessel segments decline
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, dropped on Monday,...
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Vietnam’s NSRP seeks approval to import more Kuwaiti crude amid high run rates
Vietnam’s Nghi Son Refinery and Petrochemical has sought government approval to import an additional 1.68 million mt (12.3 million barrels)...
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LME scrap volumes up on week, futures remain in contango
Volumes traded for the scrap futures contracts on the London Metal Exchange, which settle basis the Platts assessment from S&P...
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UBS: Oil prices have room to recover
The latest data from the Energy Information Administration (EIA) showed US crude inventories rose by a greater-than-expected 2.1 million barrels...
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Seafair & SQLearn announce their partnership
SQLearn, a leading provider of certified online training solutions for the maritime industry, & Seafair, a company that provides crew...
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China plans first bio-marine fuel export quotas for 2025, traders, consultancy say
China is planning its first export quota for marine bunker that is blended with biodiesel, partly to support biofuel producers...
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HD Hyundai heir tightens grip on shipbuilding group
Chung Ki-sun, the heir apparent and vice chairman at HD Hyundai, has been promoted to the firm’s executive vice chairman,...
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Biofuels Can Help Maritime Industry Lower Carbon Intensity
Hui Ling Chern is excited about how biofuels can help lower the lifecycle carbon intensity of the maritime industry. Hui...
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SHIPPING: Asia-US container rates stable as East Coast port labor negotiations break down
Rates for shipping containers from east Asia and China to the US were largely stable this week but exporters are...
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Tankers: VLCCs Show Strong Rebound
Clean LR2 LR’s in the MEG have not had an easy week with plenty of available tonnage. The 75kt MEG/Japan...
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