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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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,...
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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...
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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...
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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...
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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...
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