News Flash

VOYAGER Portal founders urge shipowners to take proactive stance to cut demurrage costs and risks

Voyager, the operations and demurrage management platform for bulk commodity shipping, is urging shipping companies to take a proactive stance...
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LNG shipping stocks: Decline below the resistance

Last week, the UP World LNG Shipping Index (UPI), the only stock index focused on LNG shipping companies, lost 2.57...
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Oil dips further as China worries counter supply cuts

Oil prices dipped on Monday as concerns about China’s faltering economic recovery and a stronger dollar took the momentum out...
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Gains in panamax vessel rates take Baltic sea freight index higher

The Baltic Exchange’s main sea freight index .BADI edged up on Monday as rates for the panamax segment, ferrying coal...
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DeepOcean becomes supplier for Nordseecluster A

RWE has appointed ocean services provider DeepOcean as preferred supplier of subsea installation services in connection with the Nordseecluster A...
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TransContainer constructs container terminal of 424,000-TEU capacity in South of Moscow Region

PJSC TransContainer (part of Delo Group) became a founder of Usady Container Terminal LLC. This company will construct and operate...
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LNG’s calm veneer stripped by Australia strike threat: Russell

The comfort that had characterised natural gas markets in Asia and Europe in recent months was shown to be a...
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Wheat up on renewed threats to Black Sea supplies; soybeans firm

Chicago wheat bounced back on Monday as a Russian warship’s firing of warning shots at a cargo ship in the...
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IOCs urge oil and gas bill in Iraq include production sharing contracts

The Association of the Petroleum Industry of Kurdistan, which represents companies including DNO, Genel Energy, Gulf Keystone Petroleum, HKN Energy...
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No sustained recovery on horizon for German economy -econ min

Germany’s economy is not likely to see a sustained recovery in the coming months based on early indicators such as...
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Reygar supports Purus Wind’s HST Marine fleet decarbonisation with hybrid vessel performance data

Comparative analysis against conventional vessels highlights operational and environmental performance benefits that progress the decarbonisation of offshore marine transportation. Swansea-based...
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PSA BDP and Dow India Collaborate to Create a Zero Emissions Green Transport Corridor in Nhava Sheva with Electric Trucks in 2024

PSA BDP, a leading provider of globally integrated and port-centric supply chain, transportation, and logistics solutions, has signed a Memorandum...
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Sailors’ Society crisis team support shipwreck crew and their families

Sailors’ Society’s Crisis Response Network is supporting survivors of a shipwrecked trawler after an urgent search and rescue operation took...
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PROPSPEED receives type approval from BUREAU VERITAS

Propspeed®, leading innovator of underwater foul-release coatings, announced today that after significant third-party testing, that the Propspeed foul-release coating system...
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The train continues at full speed in the Port of Valencia

In the first half of the year, more than 87 trains per week have been mobilised, compared to 83 in...
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The Royal Institution of Naval Architects (RINA) to host the Technical Conference: Managing CII and Associated Challenges at the IMO in London, United Kingdom in January 2024

On 16-17 January 2024, maritime industry professionals will gather for the Technical Conference on Managing CII and Associated Challenges at...
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US Cash Crude-Grades firm for second day as WTI/Brent spread widens

U.S. cash crude prices strengthened for a second straight day on Friday, as the spread between U.S. West Texas Intermediate...
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DemoSATH completes a major project goal with the offshore installation.

With the effective setup of its 2MW revolutionary floating windy platform demonstration in open marine waters, the DemoSATH project has...
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Tanker Market: VLCCs dropped slightly again this week.

The MEG's LR2s have suffered from diminishing activity this week, and combined with a short week in Singapore, freight volumes...
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Russian warship strikes warning shots at a cargo ship in the Black Sea.

A Russian vessel shot warning rounds at a cargo ship heading north in the Black Sea on Sunday, the very...
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