News Flash

Euro zone slips into recession after Germany, Ireland revisions

The euro zone economy was in a technical recession in the first three months of 2023, data from European statistics...
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Iron ore extends rally as China stimulus hopes persist

Iron ore futures climbed on Thursday, with the Dalian benchmark hitting a fresh seven-week high, while prices in Singapore rose...
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The CMA CGM Group builds up its terminal footprint in Europe and the Mediterranean with CSP Bilbao and Valencia

The CMA CGM Group, a global player in sea, land, air and logistics solutions, will acquire shares in COSCO SHIPPING...
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Global demand for natural gas will grow by 36%

The joint conference of the Russian Energy Week (REW) Expert Club and the Iranian Institute for International Energy Studies (MIEI)...
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Euro economic misses may mask pandemic reboot

Even if some yearn for pre-pandemic familiarity after three years of global economic disruption, the euro zone may not want...
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Kongsberg Maritime’s Next Generation Feeder Containership design receives Approval in Principle from DNV

Kongsberg Maritime’s innovative next generation 2000 TEU container feeder vessel design has received Approval in Principle from classification society DNV....
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ABS First to Publish Broad-Reaching Requirements for Hydrogen-Fueled Vessels

ABS is the first class society to develop and publish an expansive set of requirements to guide the industry in...
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VLSFO cash premium extends slide on selling interest

Asia’s cash premium for very-low sulphur fuel oil (VLSFO) fell for a second straight day as selling interest persisted, while...
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UAE to tighten insurance cover for ships flying its flag

In line with the UAE’s steadfast dedication to safeguarding the local, regional, and global maritime industry through strong regulatory measures,...
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Ports play a major role in reducing shipping emissions, highlighting the limitations of slow-steaming

The International Maritime Organization (IMO) has long been committed to reducing the industry’s carbon footprint, aiming for a minimum 50%...
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China’s May iron ore imports up 4% y/y on resilient demand, improved steel margins

China’s imports of iron ore rose 3.95% in May from a year earlier, customs data showed on Wednesday, as the...
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Future maritime leaders invited to help set the course for an inclusive transition to a zero-emission future

Yesterday, young people under the age of 30 make up half of the world’s population. Their future depends largely on...
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Baltic rises to over 3-month peak on firm demand for larger vessels Baltic rises to over 3-month peak on firm demand for larger vessels

The Baltic Exchange’s main sea freight index rose on Wednesday to scale its highest in more than three months, on...
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Trans-Pacific spot container shipping rates are inching up

Shipping lines have pulled Asia-U.S. spot rates off the floor, but it’s a slog: two steps up, one step back,...
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NAPA and Simwave partner to improve access to stability training for seafarers and ship operators

NAPA, a global provider of maritime software and data services, has announced a partnership with Simwave, a leading maritime training...
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Survitec Digitalises Ship Safety Management With A New Interactive Graphical Monitoring Solution, Smarr-Ti

Global Survival Technology solutions provider Survitec aims to substantially improve onboard ship safety with a new interactive safety management solution....
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WinGD and Mitsubishi Shipbuilding sign MoU for ammonia collaboration

Swiss marine power company WinGD and Japanese shipbuilder and technology developer Mitsubishi Shipbuilding Co., Ltd. have signed a memorandum of...
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ABS AIP for Provaris’ Innovative Compressed Hydrogen Technology

ABS has presented Provaris Energy with an approval in principle (AIP) for its innovative gaseous hydrogen floating storage concept in...
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ENGINE: East of Suez Bunker Fuel Availability Outlook

Singapore Demand has been average in Singapore so far this week. Securing VLSFO and HSFO stems in Singapore can be...
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HSFO back in premium; Saudi crude output cut seen bullish

Asia’s spot market for 180-cst high sulphur fuel oil (HSFO) flipped back into a small premium on Tuesday on firmer...
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