News Flash

India’s May crude oil imports rise on strong Russian flows

India’s crude oil imports in May rose 2% from a year earlier, government data showed on Friday, on sustained buying...
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Tankers: VLCC Market Busy For Yet Another Week

MEG LR2’s remained stable for the majority of the week with inklings of an upturn as we head towards the...
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EU Proposes Net-Zero Emissions for the Shipping Sector by 2050 at the latest

As the UN Climate Ambition Summit scheduled for UN General Assembly’s High Level Week in September fast approaches, it has...
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Titanic sub destroyed in ‘catastrophic implosion,’ all five aboard dead

A deep-sea submersible carrying five people on a voyage to the century-old wreck of the Titanic was found in pieces...
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Asia Fuel Oil-Spot market steadies while inventories soften.

Asia’s fuel oil market held steady on Thursday, while onshore inventories in Singapore fell after a three-week build. Weekly residual...
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Baltic index nears one-month peak on Capesize bounce

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, hit a more than...
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Ukraine 99.9% certain Russia will evacuate Black Sea grain deal in July – envoy

  Russia is 99.9% certain to evacuate a U.N.-brokered deal on the safe wartime passage of Black Sea grain next...
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Port of Rotterdam Authority go ahead with construction of the new site on Maasvlakte II

On 19 June 2023, the Port of Rotterdam Authority signed a contract with Boskalis for the construction of around 40...
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U.S. oil refiners again expand fuel capacity after big shrink

U.S. crude oil refining capacity has reversed two years of decrease and mounts up by more than 100,000 barrels, to...
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Demonstrative Test Sail of a Tugboat Using Marine Biodiesel Fuel at Nagoya Port-Efforts Toward Decarbonization

  “K” Line Port Service Co., Ltd., a group company of Kawasaki Kisen Kaisha., Ltd. (“K” LINE), conducted a demonstrative...
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IAPH supports methanol bunkering at ports with safety checklists

Methanol comes out as a potential alternative bunkering fuel for shipping. When generated from sustainable hydrogen and CO2 by direct...
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Bringing a Green Future Closer: RINA awards AiP for AURELIA’s Green Retrofit Solution for 205k DWT Bulk Carrier

RINA has been awarded Approval in Principle (AiP) for a green retrofit package solution planned by the innovative naval architecture...
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Drought-hit Panama Canal further restricts the maximum ship depth

The Panama Canal will widen restrictions on the largest ships crossing the waterway, one of the world’s hard-pressed trade passages,...
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Container shipping divide: Cargo rates weaken, ship rents ‘robust’

Everyone knew the container shipping boom would end — it was a one-off spike driven by a pandemic and government...
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Maersk to pioneer first container vessel conversion to methanol dual-fuel engine

As the first in the shipping industry, A.P. Moller – Maersk (Maersk) will retrofit an existing ship to a dual-fuel...
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Cheniere and Equinor Sign Long-Term LNG Sale and Purchase Agreement

Cheniere Energy, Inc. announced that Cheniere’s subsidiary, Cheniere Marketing, LLC (“Cheniere Marketing”), has commenced a long-term liquefied natural gas (“LNG”)...
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Baltic index hits near 4-week hike on Capesize strength

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, adjourn to a nearly four-week...
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Top Ships Inc. Announces Proposed Spin-Off Creating a New Suezmax Tanker Company

TOP Ships Inc., an international owner, and operator of modern, fuel-efficient “ECO” tanker vessels, announced today the filing of a...
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UN chief calls for acceleration of Black Sea grain deal exports

United Nations Secretary-General Antonio Guterres called for an acceleration of Black Sea grain shipments from Ukrainian ports under a deal...
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VLSFO eases for a second day, recent rally cools

Asia’s spot market for very-low sulphur fuel oil (VLSFO) softened for a second consecutive session on Wednesday, a sign that...
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