News Flash

New intelligence shows Russia’s targeting of a cargo ship.

Intelligence shows that the Russian military targeted a cargo ship in the Black Sea with multiple missiles on 24 August....
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MOL Chemical Tankers to Acquire Fairfield Chemical Carriers

Mitsui O.S.K. Lines, Ltd. yesterday announced that its fully-owned group company MOL Chemical Tankers Pte. Ltd. (MOLCT; CEO: Akira Sasa;...
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South Korea’s Top 3 Shipbuilders Resolve Strike Risk

HD Hyundai Heavy Industries, Hanwha Ocean (formerly Daewoo Shipbuilding & Marine Engineering), and Samsung Heavy Industries, the top three in...
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Airseas announces major investment in R&D centre to accelerate the development of wind technology for shipping

Airseas, a pioneer in wind propulsion technology for the maritime sector, has announced a major investment in a new research...
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Brazil, Paraguay clash with Argentina over grains waterway tolls

Brazil, Paraguay, Bolivia, and Uruguay have urged Argentina to stop applying tolls for ships and barges carrying grains and other...
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China’s Unipec issues buy-tender for up to 25 LNG cargoes from Oct 2023-Dec 2024

Unipec, a trading arm of Chinese national oil company Sinopec, has issued a tender to buy up to 25 LNG...
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Shipping must improve forecasting and not allow ‘uncertainty to delay action

The maritime industry must improve its forecasting to prepare for a range of possible futures, according to its leading classification...
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Marine Biofuel supplied to the Capesize Bulker at Hong Kong

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce that marine biofuel was supplied by Peninsula, the leading global...
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Greece, China boost cooperation on shipping finance

Cooperation between Greece and China on shipping finance is set to receive a boost, after a conference held at the...
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Global container freight still stalled

Global industrial production and containerised freight flows remained in the doldrums at the start of the third quarter, confounding predictions...
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Shipping could face shortage of carbon-neutral fuel by 2030, DNV says

An expected shortfall in the availability of carbon-neutral fuel means the shipping industry should widen its scope to include onboard...
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US, India, Saudi, EU unveil rail, ports deal on G20 sidelines

Global leaders announced a multinational rail and ports deal linking the Middle East and South Asia on Saturday on the...
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LNG suppliers pin hopes on China for long-term demand

Suppliers of liquefied natural gas (LNG) are betting on China to drive demand for the super-chilled fuel over the longer...
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Top global ports may be unusable by 2050 without more climate action – report

Some of the world’s largest ports may be unusable by 2050 as rising sea levels hit operations, and efforts to...
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Russian Urals STS shipments slump 85% from their Q1 peak: Vortexa

Ship-to-ship transfers of Russia’s Urals crude oil grade in August were about 85% lower than their peak in the first...
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Romania upgrades Black Sea port infrastructure to bring in more Ukrainian grain

Romania’s government will approve on Friday a plan to upgrade road infrastructure in the Black Sea port of Constanta, part...
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Russia ships first oil cargo to Brazil as it seeks to diversify buyers

Russia is shipping its first crude oil cargo to Brazil, as it seeks to diversify its list of buyers, which...
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South Korea’s FLC bought about 57,000 metric tons feed wheat – traders

South Korea’s Feed Leaders Committee (FLC) has purchased around 57,000 tonnes of animal feed wheat to be sourced from any...
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China’s trade slump narrows as stabilisation signs emerge

China’s exports and imports extended declines in August as the twin pressures of sagging overseas demand and weak consumer spending...
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Greek PM postpones keynote speech after deadly storm

Greek Prime Minister Kyriakos Mitsotakis has postponed an annual economic speech scheduled for this weekend and will instead visit areas...
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