News Flash

Saudi Arabia crude exports edge higher in March

Saudi Arabia’s crude oil exports rose marginally in March from the previous month, data from the Joint Organisations Data Initiative...
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MABUX: Bunker Prices Could Retreat Further Next Week

In Week 20, the global MABUX bunker indices declined moderately. The 380 HSFO index dropped by 1.48 USD to 477.66...
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US, UK, others seek to target illicit oil shipping transfers at sea

The U.S., UK, Denmark and other countries have called for more action, including increased surveillance, over the booming practice of...
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Women in Maritime day: networks for gender equality

The second International Day for Women in Maritime, on 18 May 2023, seeks to highlight the importance of collaboration and...
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MSC Aurelia Concludes Its Humanitarian Mission, Captain Given Recognition Award

After a pair of earthquakes in southeastern Turkey caused extensive destruction and left millions of individuals needing temporary shelters, several...
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Chinese Fishing Vessel Capsizes In Indian Ocean, 39 Missing

About 39 seamen, including five Filipinos, have been missing since their Chinese fishing vessel submerged in the Indian Ocean, per...
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More liner newcomers quit long-haul box lanes as rates tumble

According to consultancy Linerlytica, Transfar Shipping, BAL Container Line and container maker China International Marine Containers (CIMC), which started a...
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MSC and CMA CGM Out in Front in Box Fleet-Building Race

MSC’s phenomenal growth over the past two years has largely been driven by acquisition of second-hand containerships, while rival CMA CGM is...
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BIMCO Predicts Unprecedented Surge in Ship Recycling

The global maritime industry is set to witness an extraordinary surge in ship recycling activities over the course of the...
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Multinational Search for 39 Missing Crew on Capsized Chinese Longliner

A multinational search is underway in the Indian Ocean for the crew of a Chinese longliner that capsized with a...
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US supply chain woes shift and persist in 2023

The U.S. supply chain is healing from early pandemic shocks that sent shipping costs sky rocketing and squeezed supplies of...
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Greece’s Alexandroupolis port gets $26 million EU funding

Greece has secured 24 million euros ($26 million) in European Union funding to upgrade its northern Aegean Sea port of...
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HSFO eases; Fujairah inventories at six-month high

Asia’s high sulphur fuel oil (HSFO) market softened on Wednesday, weighed by higher incoming supplies from the Middle East, while...
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bound4blue and Oceanking team up to offer innovative wind-assisted propulsion technology in Greece and Cyprus

bound4blue and Oceanking have announced a partnership to jointly expand access to the eSAIL technology in Greece and Cyprus. As...
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COSCO SHIPPING to Build the Second 700 TEU Electric Container Ship

On May 8, COSCO SHIPPING Heavy Industry (Yangzhou) started to build the second 700 TEU electric container ship (N998) owned...
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Maritime industry called to embrace a robust safety culture to successfully tackle transformations

A new report from DNV and Lloyd’s List Intelligence, “Maritime safety trends 2012-2022: Advancing a culture of safety in a...
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NYK Concludes Long-Term Charter Agreement for Four New LNG Carriers with German Energy Giant EnBW

NYK has signed long-term charter contracts for four new liquefied natural gas (LNG) carriers with EnBW Energie Baden-Wuerttemberg AG (hereafter...
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Wrist delivers strong financial result and continues its ambitious M&A strategy

The world’s leading marine supplier of provisions and stores, Wrist came out of 2022 with a strong financial result despite...
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Korea’s largest container shipper HMM suffers steep sales losses in Q1

HMM, Korea’s largest container shipper, suffered a steep decline in sales and profits in the first quarter as freight rates...
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VLSFO premium edges up on stronger bids; Western supplies dip

Asia’s spot cash premium for very low sulphur fuel oil (VLSFO) climbed on Tuesday amid firmer bidding and lower arbitrage...
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