News Flash

Cash premiums for VLSFO steady, sentiment subdued

Asia’s very-low sulphur fuel oil (VLSFO) markets remained steady on Tuesday for a second straight day amid muted trading activity...
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Methanol Institute publishes first complete guide to methanol as a marine fuel

The Methanol Institute (MI) has published the first comprehensive guide to methanol as a marine fuel. As the shipping industry...
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Baltic dry bulk index extends slide for 13th Day

The Baltic Exchange’s main sea freight index of shipping rates for dry bulk commodities fell for the 13th straight session...
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CoolCo set for top fleet performance with BASSnet Vetting & HSEQ software

Cool Company Ltd (‘CoolCo’), the leading LNG shipping company listed on the stock exchanges in New York and Oslo, is...
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Saudi diesel imports from Russia, exports to Singapore hit records

Leading crude exporter Saudi Arabia is maximising refining profits by importing unprecedented amounts of cheap Russian diesel and in turn...
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Port Canaveral is the first US seaport to provide LNG bunkering

Port Canaveral in Florida, a major home port for cruise vessels, is the first US port to provide LNG bunkering...
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Introducing the World’s First Battery Tanker ‘X’: The Inaugural Ship of Power Ark 100. On Track for Completion by 2025, with Field Testing Set to Commence in 2026

Japanese battery startup, PowerX, Inc. has unveiled the detailed design of the first-ever ‘Battery Tanker’ at the ‘Bariship’ International Maritime...
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ABS, the Largest Class in Greece, Explores the Future of Shipping, Regulatory Developments and Net-Zero Solutions at the ABS Hellenic National Committee Meeting

Greek shipping and maritime finance leaders joined ABS, the leading Class in Greece, to hear the latest thinking on the...
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Eni and RINA sign partnership to accelerate the energy transition and decarbonization of maritime transport

RINA, an international company specialising in inspection, certification and engineering consultancy, and Eni have signed an agreement to jointly develop...
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VLSFO premium steady but hopes of high supply weigh

Cash premium for Asia’s very-low sulphur fuel oil (VLSFO) was steady on Monday after easing last week, but an anticipation...
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Mechanical sails? Batteries? Shippers forming ‘green corridors’ to fast-track cleaner technologies

It’s among the world’s busiest container shipping routes — a stream of vessels packed with furniture, automobiles, clothing and other...
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Comparative analysis of candidate mid-term GHG measures

An Expert Workshop on a “comparative analysis of candidate mid-term GHG reduction measures” to further support IMO’s considerations of candidate...
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How LNG shipping kept Europe’s wartime energy supply secure

A year ago, an armada of ships came to Europe’s aid, bringing U.S.-produced liquefied natural gas to replace Russian pipeline...
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Container Shipping Still Poised for Profitability in 2023

With a normalized container shipping market, the first quarter of 2023 saw a significant drop in profitability for most shipping...
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Norden Acquires Thorco Projects to Further Expand in Breakbulk Segment

In a further move to expand its business in the general cargo segment, Danish shipping company Norden reported today that...
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Norstar Ship Management on the MarineLINE(R) Cargo Tank Coating System: A Superior Solution for Efficient and Cost-Effective Operations

When selecting the ideal cargo tank coating system for your marine operations, the choice can significantly impact your operational efficiency...
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Global freight cycle may have reached lowest point

Global freight volumes show signs of having bottomed out in the first quarter, signalling the industrial cycle may be near...
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The ‘Big 4’ drivers of coal imports and power emissions

Just four countries account for over half of all thermal coal imports and more than 70% of global power sector...
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Bunkers slide on week amid unclear signals from crude

Marine fuel markets lost some ground in the week ended May 25 amid mixed dynamics in crude markets and a...
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European thermal coal buyers eye reselling in Asia amid sufficient stockpile

With decent thermal coal stockpile at European ports, along with lower coal demand due to strong natural gas storage levels...
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