News Flash

Container freight rates expected to stay low as demand could remain subdued until Q3

Ocean freight rates are expected to remain subdued until the peak demand season later this year when US importers will...
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Shipping industry can save $50 bn through four enablers of operational efficiency

Anew insight brief series from the Global Maritime Forum identifies four actions that maritime and shipping industries can take now...
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Baltic index falls on lower vessel demand

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities fell on Monday, pressured by...
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MSC Adds Another Ultra Large Container Vessel to Its Fleet

MSC's fleet has welcomed the ultra-large boxship "CELESTINO MARESCA," which was delivered to the Bank of Communications Financial Leasing Company...
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Norwegian cargo ship struck tug and pier at Harlingen

General cargo ship HAGLAND CARRIER struck docked tug PETER (IMO 9842762) while berthing at Harlingen Netherlands, at around 0500 LT Mar 27....
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Busan partners with marine science council to build world’s first prototype floating community

A marine science council will join a United Nations project to build the world’s first prototype of a floating community...
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FTC criticized for delaying approval for Hanwha’s acquisition of DSME

Korea’s antitrust regulator has emerged as an unexpected obstacle to Hanwha Group’s acquisition of Daewoo Shipbuilding & Marine Engineering (DSME),...
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Amazon, other retailers revamp ‘free’ shipping as costs soar

There is no such thing as free shipping. Even so, Amazon.com Inc AMZN.O and other online retailers who use so-called...
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Europe’s Ports Welcome The Agreement On FuelEU Maritime To Reduce Emissions From Shipping During Navigation And At Berth

The European Sea Ports Organisation (ESPO) is pleased to see that a preliminary agreement has been reached between co-legislators on...
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BW LPG Chooses Closelink As New Procurement Platform

Closelink is excited to announce that BW LPG has joined its marine lubricants procurement platform as a new customer. BW...
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Freight Rebound Hopes Are Fading Under an Inventory Glut

Freight companies are dialing back expectations that demand will recover strongly in the second half of the year amid growing...
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Latest intersessional IMO meeting provides important clues on what might be agreed in the revised GHG strategy in July 2023

Much of the specifics remain up in the air as IMO’s ISWG-GHG 14 meeting outcome leaves open a broad range...
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Dry Bulk Market: Capesize Market Down This Week

Capesize The Capesize market declined early in the week without much support from either of the basins. The timecharter average,...
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Supporting ballast water management in the Mediterranean Sea

Promoting the development of coordinated action throughout the Mediterranean Sea region to prevent and control marine biological invasions through ships’...
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More bio-, hydrogen-based marine fuels required for net-zero emissions

The shipping industry will need to significantly increase its uptake of bio- and hydrogen-based marine fuels by 2040 to help...
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New, updated version released of “Prevention of Pest Contamination of Containers: Joint Industry Guidelines for the Cleaning of Containers”

Every year, 241 million containers are transported across the seas with over 7 trillion dollars’ worth of food, clothes, electronics...
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Cash premiums steady on thin trade, inventories rise across key hubs

Asia’s fuel oil cash premiums were little changed on Friday amid thin trading momentum, while onshore inventories rose across key...
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Maersk signs MOU with Shanghai International Port Group on green methanol bunkering

A.P. Moller-Maersk (Maersk) announced today that the company has signed a Memorandum of Understanding (MOU) with Shanghai International Port Group...
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IMM shortlists 5 overseas firms in sale of Korea’s No. 1 LNG shipping company

IMM Private Equity Inc. and IMM Investment Corp. shortlisted five overseas companies in its bid to sell its entire 100...
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ICS Disappointed With Lack of Progress in Latest IMO Meeting on Reduction of GHG Emissions From Ships

The International Chamber of Shipping’s reaction on the latest IMO meeting was one of disappointment. Following is ICS’s comment after...
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