News Flash
LR to class first newbuild project for mid-size low pressure ammonia-ready LCO2 Carriers ordered by Capital Gas Ship Management at Hyundai Mipo Dockyard
Capital Gas Ship Management (Capital), Hyundai Mipo Dockyard (HD HMD), and Lloyd’s Register (LR) will work together for the construction...
Read More
Asia Fuel Oil-VLSFO premium at two-month low; HSFO discount narrows
Asia’s cash premium for 0.5% very low sulphur fuel oil (VLSFO) slipped to a two-month low on Wednesday, while high...
Read More
Baltic index surges to 18-month high on robust vessel demand
The Baltic Exchange’s dry bulk sea freight index gained for the fifth consecutive session to hit an 18-month peak on...
Read More
Asia jet fuel prices hit highest in 5 years versus gasoil on strong demand
Jet fuel prices in Asia rose to their highest against gasoil in five years on Tuesday, buoyed by strong demand...
Read More
Middle East Crude-Oman, Dubai extend losses in thin trades, OPEC+ meeting in focus
Middle Eastern benchmarks Oman and Murban extended losses on Tuesday as spot trades winded down towards the end of the...
Read More
EU agreement on waste shipments puts compliance in sight for non-OECD recycling yards, says Sea Sentinels
A newly-minted EU agreement on waste shipments is set to remove a legal roadblock to make it possible for a...
Read More
What OPEC+ oil output cuts are already in place and what could change
Saudi Arabia, Russia and other members of OPEC are scheduled to meet online on Thursday and could make further changes...
Read More
Genco Shipping & Trading Limited Advances Fleet Renewal Strategy
Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, has acquired...
Read More
NEDO Demonstration Project: Demonstration Test Ship for Liquefied CO2 Transportation Delivered
The christening and handover ceremony for a liquefied CO2 transportation demonstration test ship was held today, November 28, 2023, at...
Read More
Asia Fuel Oil-HSFO rebounds as market eyes China demand recovery
Asia’s high sulphur fuel oil (HSFO) market firmed on Tuesday amid market expectations of China resuming more purchases, following the...
Read More
Australia Pacific LNG deliveries disrupted due to tanker outage
Shipments of liquefied natural gas (LNG) from Australia Pacific LNG have come to a halt after a loaded tanker docked...
Read More
Annual review from international maritime charity highlights challenges faced by seafarers in 2022-23
The International Seafarers’ Welfare and Assistance Network (ISWAN) reports that demand for its support remained high among seafarers and their...
Read More
Baltic index extends rally on higher capesize rates
The Baltic Exchange’s dry bulk sea freight index rose on Tuesday for the fourth consecutive session driven by a jump...
Read More
Korean shipbuilders seek overseas yards for surging orders
South Korean shipbuilders are seeking overseas production bases through mergers and acquisitions to meet soaring demand across the world as...
Read More
Asia Fuel Oil-VLSFO softens; China issues more fuel oil import quotas
Asia’s very low sulphur fuel oil (VLSFO) market weakened further on Monday, while China has issued an additional 3 million...
Read More
Dual-Fuel Methanol MAN 175D Announced: Newbuild and retrofit variants planned for 2026
MAN Energy Solutions has announced that a dual-fuel version of its MAN 175D high-speed engine, capable of operating on methanol,...
Read More
Russia’s Black Sea oil exports from Novorossiisk delayed
Russia’s oil and products exports from the Novorossiisk Black Sea terminal have been severely restricted by bad weather that has...
Read More
China says boosts iron ore concentrate capacity to secure supplies
China has added 50 million metric tons of iron ore concentrate capacity from 2022, state media quoted an official at...
Read More
Dachser Streamlines Ocean Shipment Booking with Integration Between Hapag-Lloyd Spot Rates and Descartes Rate Management Solution
Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, announced that Hapag-Lloyd spot rate offers and 30-day...
Read More
Singapore iron ore eases after China intensifies intervention
Singapore iron ore futures retreated on Monday as caution mounted after the world’s top consumer issued warnings on enhancing supervision...
Read More