News Flash

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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ENGINE: East of Suez Bunker Fuel Availability Outlook

HSFO and VLSFO availability is tight in Singapore. Recommended lead times for both grades are about 8-12 days. LSMGO is...
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Tanker market demand compels owners to rely on more frequent assessments of cargo pump systems

With experts predicting the tanker market will see strong growth for years, tanker owners are relying on a planned maintenance...
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Port Hedland Iron Ore Exports Down 5% in April

Pilbara Ports Authority (PPA) has delivered a total monthly throughput of 57.7 million tonnes (Mt) for April 2023. This throughput...
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Asian seafarer hubs step up to meet decarbonization challenge

The steady progress by key seafarer home nations in Asia, such as the Philippines and Indonesia, to equip their maritime...
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South Indian ports fail to attract transshipment business from Colombo

The year long economic crisis in Sri Lanka and consequent reduction in business in Colombo port has not helped the...
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Progress made in US west coast dockworker discussions

The International Longshore and Warehouse Union announced 20April that it reached a tentative agreement with employers at the Pacific Maritime Association...
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Chinese state-owned firm to build major Sri Lanka port complex

A Chinese state-owned firm said on Monday 1 May  it plans to take its investment in Sri Lanka to $2 billion by building...
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Govt gets 9 EoIs for intl transhipment port in Andamans & Nicobar

The ports ministry has received expressions of interest (EOIs) from nine players for the Rs 41,000 crore international transhipment port...
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India still a bright spot for LNG in a subdued market

The recent drop in the Platts West India marker to a near two-year low, expectations of a ramp-up in operations...
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Metallurgical coal’s gradual change of guard in spot market influence

Shifts in the way a commodity is priced often result from major economic and world events and coking coal is...
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RINA exceeds 660 million in revenue and presents the strategic plan to 2027

The shareholders’ meeting of RINA, the multinational inspection, certification and engineering consultancy, approved the financial statement for the fiscal year...
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