News Flash

Baltic index rises on stronger vessel rates across segments

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for the sixth consecutive...
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Tougher EU methane rules mean the US gas sector must clean up act

As Europe’s top supplier of Liquefied Natural Gas (LNG), the United States has been the main beneficiary of the pivot...
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Higher monthly volumes of congestion at major Brazilian ports and days waiting

In the third week of November, the larger ship categories recorded greater stability in freight rates, which indicates a more...
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Ocean Safety unveils new brand identity at METSTRADE 2023

Marine safety specialist, Ocean Safety has unveiled its striking new brand identity at METSTRADE 2023. The brand refresh represents Ocean...
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KVH Crew Wellbeing Solutions Honored with 2023 CAREER4SEA Europort Award

On November 10, 2023, the SAFETY4SEA organization and Europort honored KVH Industries, Inc. (Nasdaq: KVHI) with its 2023 CAREER4SEA Europort...
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Ethos Shipmanagement Celebrates Its First-Year Anniversary and Marks The Occasion With A Gas Carrier Certification Endorsement

Cyprus based and newly formed company, Ethos Shipmanagement, celebrated its first-year anniversary last month with an exclusive dinner party, wrapping...
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Wärtsilä Continues to Set The Pace For Marine Decarbonisation With Launch Of World-First 4-Stroke Engine-Based Ammonia Solution

Technology group Wärtsilä has introduced the marine sector’s first commercially available 4-stroke engine-based solution for ammonia fuel. The new solution...
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KCC and Silverstream Technologies agree deal to equip next four vessels with air lubrication technology.

Klaveness Combination Carriers (“KCC”) announces a deal has been agreed to retrofit four additional vessels with the Silverstream® System, the...
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ENGINE: Europe & Africa Bunker Fuel Availability Outlook

Northwest Europe In the ARA hub, recommended lead times for HSFO are 5-7 days, and 4-6 days for VLSFO, a...
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New Study Launched Highlighting The Positive Impacts Of Turning Down The Volume

A new study by the University of Southampton has been launched to assess the interrelationship between measures aimed at enhancing...
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Denmark could block tankers with Russian oil from reaching markets.

Denmark will be tasked with inspecting and potentially blocking tankers carrying Russian oil through its waters under new European Union...
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Baltic index hits a three-week high buoyed by smaller vessels’ rate lift.

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, extended gains to a three-week...
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Iron ore gains on China property sector stimulus, lower imports

Iron ore futures advanced on Tuesday, as market participants weighed property sector-related stimulus in top consumer China and a fall...
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BW LPG Reports Third Quarter Net Profit of $122.2 Million

Highlights and Subsequent Events Strongest quarterly performance on record with daily TCE of USD 61,800 per calendar day and USD...
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LNG-fueled Panamax Coal Carrier Reimei Commences Operation

Mitsui O.S.K. Lines, Ltd. (MOL) and Kyushu Electric Power Co., Inc. (Kyuden) today announced a Panamax coal carrier that uses...
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ZeroNorth Consolidates Bunker Businesses To Accelerate Environmental Impact

Technology company ZeroNorth has today announced that it is consolidating its existing bunkering business under the ZeroNorth brand, unlocking faster...
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Asia Fuel Oil-VLSFO refining margins rise further on tight supplies

Refining margins for very low sulphur fuel oil (VLSFO) extended gains on Tuesday amid persisting tight supplies, market participants said....
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Seanergy Maritime Reports Fleet Time Charter Equivalent (“TCE” 3) overperformance of Baltic Capesize Index (“BCI”) by 14% in 3Q23 & by 18% in 9M23

Seanergy Maritime Holdings Corp, announced yesterday its financial results for the third quarter and nine months ended September 30, 2023....
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Fuel Flexibility Benefits of New Oil Highlighted in Chevron White Paper

Chevron Marine Products’ new lubricating oil has a lot to offer, and this is highlighted in a White Paper that...
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HD HHI to Mark up LNG Carrier Prices

After HD HHI won a provisional contract to build 17 liquefied natural gas (LNG) carriers from Qatar Energy in October,...
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