News Flash

Panama Ship Registry becomes a member of the Qualship21 Program for the first time in 20 years.

The Panama Maritime Authority (AMP), the entity overseeing the Panama Ship Registry received a letter of approval from the United...
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IMO agrees on net-zero goal, confirms GHG pricing and new fuel rules development

The International Maritime Organization announced on July 7 tightened decarbonization targets for shipping, as well as confirming the development of...
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Maritime transport emissions: Commission welcomes new IMO climate ambition for 2030, 2040 and 2050 and calls to set transition in motion

The levels of ambition and indicative checkpoints take into account the lifecycle GHG emissions from marine fuels with the objective...
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PSA becomes the new shareholder of Duisburg gateway terminal Gmbh

PSA International Pte Ltd (PSA), headquartered in Singapore, has signed agreements to acquire a 22 percent minority stake in Duisburg...
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Agreement for methanol main engine retrofit solutions signed

MAN Energy Solutions has signed a Conversion Commitment Agreement with Seaspan Corporation (Seaspan), a global leader in containership ownership and...
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Suez Canal Announced Tariff Reduction for Chemical Tankers

For further enhancing the mutual benefits of both the Suez Canal Authority and its clients, as well as to promote...
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Iron ore flat as China steel curb woes offset optimism around stimulus hopes.

Iron ore futures struggled for firm direction on Thursday, as worries about steel production curbs in China offset optimism about...
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OPEC upbeat over 2024 oil demand outlook despite the slowdown

OPEC will likely maintain an upbeat view on oil demand growth for next year when it publishes its first outlook...
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Arab Maritime Petroleum Transport Company Partners with StormGeo for Enhanced Environmental Performance and Compliance

Arab Maritime Petroleum Transport Company (AMPTC) has implemented StormGeo’s cutting-edge environmental performance management solution across its entire fleet to effectively...
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Romanian port key for Ukraine grain faces overflow as Black Sea deal on edge

Ukraine’s on-off Black Sea grain deal has made the nearest port of Constanta in neighboring Romania a key alternative that...
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Erma First Launches Flexcap for Improved CII And EEXI Performance

ERMA FIRST, a globally leading sustainable maritime solutions provider, has launched a new energy-saving device (ESD) that promises reduced fuel...
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Baleària plans to stop emitting almost 80,000 tonnes of CO2 by the end of the year thanks to the use of natural gas

In recent weeks, Baleària has increased the consumption of natural gas on its ten dual-engined ships to one hundred percent....
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Baltic index steady as larger vessels snap losing streak

The Baltic Exchange’s main sea freight index was little changed on Thursday as the capesize and Panamax segments snapped their...
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Global liquefied natural gas trade volumes set a new record in 2022

In 2022, global trade in liquefied natural gas (LNG) set a record high, averaging 51.7 billion cubic feet per day...
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$19 billion in trade stranded on water as Canada’s West Coast labor negotiations hit pause

After a fourth day of negotiations, the British Columbia Maritime Employers Association told CNBC that negotiations with the International Longshore...
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ZeroNorth contributes to Vessel Emissions Reporting Standard released by Energy LEAP to meet existing regulatory requirements

Technology company ZeroNorth and Energy LEAP, a strategic alliance between energy majors, together with other industry partners have published a...
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Iran’s LPG exports reach record high of 973,060 mt in May

Iran’s LPG exports loading in May were estimated at around 973,260 mt, about a third above April-loading shipments and exceeding...
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US June LNG exports fall 10% on maintenance cuts, weaker demand.

U.S. exports of liquefied natural gas fell 10% in June to 6.82 million tonnes (MT), from 7.58 MT the previous...
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Asia Fuel Oil-HSFO retains strength, tenders underway.

Asia’s high-sulfur fuel oil (HSFO) market extended gains on Wednesday as stronger bids emerged, even as supplies to the East...
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Costamare Inc. Appoints New Chief Commercial Officer Monaco

Costamare Inc. has appointed Peter Lund as Chief Commercial Officer. He is expected to take up his position with Costamare...
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