News Flash

Baltic index extends losses on weaker capesize, supramax rates

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, extended losses to...
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Wärtsilä propulsion package to power world’s largest methanol-ready cement carrier vessel

Technology group Wärtsilä’s focus on supporting the marine industry’s efforts to decarbonise operations continues to drive concrete steps forward. The...
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Bureau Veritas and Samsung Heavy Industries Co., Ltd. announce partnership to develop Carbon Capture and Storage Solutions

Bureau Veritas Marine & Offshore (BV), a world leader in testing, inspection, and certification, is partnering with Samsung Heavy Industries...
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NYK and ENEOS Sign Agreement for Sale and Purchase of Marine Fuel with CDR Credits Created Through DACCS

On December 11, Nippon Yusen Kabushiki Kaisha (“NYK”) and ENEOS Corporation (“ENEOS”) signed an Agreement regarding the sale and purchase...
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Encouraging younger people into the maritime industry and adapting to meet their needs is vital for the future of the industry, says MCTC

One of the biggest challenges as we head into 2025 will be attracting young people to the industry and meeting...
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Monjasa explores LNG bunkering in the UAE

Global top 10 marine fuels supplier, Monjasa, introduces the UAE’s first dedicated LNG Bunker Vessel (LBV), Green Zeebrugge (5,000 cubic...
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Guy Hindley appointed new Baltic Exchange Chairman

Guy Hindley has been appointed as the new Chairman of the Baltic Exchange Council, with effect from 1 January 2025,...
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New International Chamber of Shipping Secretary General announced

At a special meeting of the board, held on-line, the International Chamber of Shipping (ICS) have unanimously appointed Thomas A....
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Asia fuel oil prices capped in early 2025 but supply risks loom

Asia’s fuel oil premiums and refining margins will be capped by ample supply in early 2025, but cleaner shipping fuel...
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Outcomes of the IMO Maritime Safety Committee, 109th session (MSC 109)

MSC 109 highlights Attacks against seafarers and international shipping Amendments adopted to IGC and IGF Codes Goal-based new ship construction...
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Baltic index hits 17-month low as all vessel segments post declines

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Wednesday,...
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India’s GAIL to receive 12 LNG cargoes/year from Qatar Energy Trading starting 2025

India’s GAIL has awarded its LNG purchase tender for procuring 12 cargoes per year starting in April 2025 for a...
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Biden Administration Releases New U.S. Maritime Decarbonization Action Plan

On December 11, President Biden announced a U.S. Maritime Decarbonization Action Plan that builds on the foundations presented in the...
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EmissionLink enhances submission processes in readiness for FuelEU Maritime regulation

Comprehensive fuel and emissions monitoring service, EmissionLink, member of Columbia Group, is simplifying the emissions management process, with a series...
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Anemoi completes installation of Rotor Sails onboard Vale VLOC in largest wind-propulsion project to date

Anemoi Marine Technologies completed the installation of five Rotor Sails onboard the 400,000 dwt Very Large Ore Carrier (VLOC), Sohar...
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Asia Fuel Oil-Spot premiums rebound for January trading cycle

Spot premiums for fuel oil extended a slight rebound on Tuesday, reflecting firmer bids for the January trading cycle. A...
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Third tanker in trouble as oil washes up on Russia’s Black Sea coast

  Spilled oil has washed up along “tens of kilometres” of the Russian Black Sea coast after two tankers were...
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Maritime Security: Managing Risks Associated with Stowaways and Rescued People at Sea

Stowaways are an ongoing issue for the security of ships and the safety of crew members, as well as incurring...
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EU blacklists Rosneft tanker unit under latest sanctions

The EU adopted Dec. 16 its latest sanctions package against Russia, blacklisting more tankers and a shipping unit of Russian...
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New whitepaper addresses the vital role of antifouling biocides in decarbonizing the shipping industry

Nine major suppliers of biocides to the marine antifouling coatings sector have collaborated to increase awareness around the importance of...
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