News Flash

Giant tankers full of American propane are making waves

Not all shipping sectors and shipping stocks are under pressure. Container shipping is mired in pessimism, crude and product tankers...
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Singapore is leading the way on taking carbon out of shipping

Last month, Asia was swept by record-breaking temperatures. Fueled by climate change, extreme weather events are becoming more frequent, intense...
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Successful first phase of engine testing confirms material improvements in efficiency and emissions reductions with bioMSAR™

Quadrise Plc (AIM:QED), the supplier of innovative energy solutions for a cleaner planet, and biorefinery specialists, Vertoro BV (“Vertoro”) have...
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MSC Sets New Record: Container Fleet Surges to Impressive 5 Million TEU Capacity

MSC successfully overtook Maersk and emerged as the world’s largest container carrier 16 months ago and continued its stream of...
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Taiwan’s Shipping Lines beating IMO carbon target far ahead of times

Taiwan’s two largest shipping carriers have reduced their carbon emissions by 40 percent, seven years ahead of a goal set...
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DP World world cut total global carbon emissions by 5% in 2022

“At DP World, we believe in enabling resilience, and building a smart and sustainable future that generates long-term societal impact....
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The Port of Gothenburg signs sister port agreement with the Port of Shenzhen

The agreement was signed during a visit to the Port of Gothenburg by a delegation of 20 people from Shenzhen...
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Russia signals end to Black Sea grain deal in July if demands not met

Russia signaled on Thursday that if demands to improve its grain and fertilizer exports are not met then it will...
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Keppel intensifies efforts in the development of green hydrogen and ammonia production for use in Australia and export to Asia

Keppel Corporation is intensifying its efforts in the production and use of green hydrogen and ammonia as low-carbon energy sources...
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Baltic index logs worst week in 4 months as rates across vessels fall

The Baltic Exchange’s main sea freight index logged its worst weekly decline in more than four months on Friday, weighed...
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ClassNK Innovation Endorsement Granted For Inmarsat’s Fleet Secure Endpoint

ClassNK has granted its Innovation Endorsement to Inmarsat’s Fleet Secure Endpoint, verifying the solution’s fulfilment with functional elements that support...
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Lloyd’s Register drops ships of top Indian carrier of Russian oil

Lloyd’s Register has told India’s Gatik Ship Management, which has become a major carrier of Russian oil since the Ukraine...
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Erik Thun takes a climate leap to reduce emissions

As part of our climate transition and in order to further reduce greenhouse gas emissions, the Erik Thun Group is...
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‘I’m not sure history has ever seen this before’: Top CEOs on what they expect next from the economy

The CEO of bond investing giant TCW Group, Katie Koch, heard what she wanted to hear at this week’s CNBC...
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Ministry and sea ports move to expand shore power

The Ministry of Infrastructure is allocating €140 million over the next few years to help realise shore power plants in...
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Shipbuilding – Ship prices rising on energy transition and stricter regulations

Investment points for the shipbuilding sectors include: 1) rising newbuilding prices; and 2) order backlog growth (sales basis). In 2023,...
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VLSFO steadies; Singapore inventories ease further

Asia’s very-low sulphur fuel oil (VLSFO) market steadied on Thursday after sliding over the last four sessions, while onshore inventories...
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Future Proof Shipping launches first hydrogen-powered inland container ship

On 25 May, Dutch shipping company Future Proof Shipping (FPS) officially launched the first hydrogen-powered zero-emissions inland container ship, H2...
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The power of partnership – Euronext, Oslo Børs and Norway’s maritime cluster

The ringing of the Oslo Børs bell on Monday 5 June will be heard throughout the global ocean industries. A...
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MABUX: Bunker Prices Could Keep Retreating Next Week

Over the Week 21, the global MABUX bunker indices turned into an upward trend. The 380 HSFO index experienced a...
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