News Flash
VLSFO steady; market awaits fresh tenders from Kuwait’s Al Zour
Asia’s very-low sulphur fuel oil (VLSFO) benchmarks held stable on Friday, with activity largely quiet as the market awaited new...
Read More
Panama concludes update of the General Merchant Marine Law
The Panama Maritime Authority (AMP) and Panama’s main maritime associations concluded the meetings for the revision of the General Merchant...
Read More
Box rates not sustainable amid inflation pressure: Hapag-Lloyd
Container shipping rates have weakened to a level “not sustainable” for box carriers in the long run, with their operating...
Read More
Global Ship Lease: Normalization of Rates and Asset Prices Continued During First Quarter of 2023
Global Ship Lease, Inc., an owner of containerships, announced today its unaudited results for the three months ended March 31,...
Read More
Hapag-Lloyd Q1 2023: good resilience in weaker market environment
Hapag-Lloyd has concluded the first quarter of 2023 with an EBITDA of USD 2.4 billion (EUR 2.2 billion). EBIT decreased...
Read More
Seanergy Maritime Successfully Completes $54 million Refinancing Transactions for 3 Capesize Vessels with Significant Cost and Liquidity Benefits for the Company
Seanergy Maritime Holdings Corp. announced today that, pursuant to its strategy of pursuing attractive refinancing opportunities, it entered into two...
Read More
TORM: Freight Rates During First Quarter Were Three Times Higher Year-on-Year
“During the first quarter of 2023, we saw a sustained strong product tanker market with high volatility, primarily driven by...
Read More
Talks on extending Ukraine grain deal look at U.N. proposals
Ukraine, Russia, Turkey and the United Nations discussed on Thursday U.N. proposals to extend a deal allowing the safe Black...
Read More
Euronav: Tanker Market To Grow for Many Years to Come
Euronav NV reported its non-audited financial results today for the first quarter ended 31 March 2023. Hugo De Stoop, CEO...
Read More
Cash premiums, margins steady; Singapore inventories ease further
Asia’s fuel oil market was little changed on Thursday, while residual fuel oil stocks at Singapore slid for a fifth...
Read More
MABUX: Bunker Prices Expected to Stabilize Next Week
Over Week 19, the global MABUX bunker indices showed a moderate upward correction. The 380 HSFO index increased by 2.78...
Read More
Jotun: Committed to cleaner shipping
As the world’s leading supplier of marine coatings, Jotun partners with a broad range of stakeholders working to decarbonise shipping....
Read More
Safe Bulkers, Inc. Focusing on Green Retrofits of its Fleet of Bulkers
Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three...
Read More
Vopak opens new infrastructure to support sustainable energy production in the port of Rotterdam
Today Vopak celebrates the opening of 16 new tanks with a combined capacity of 64,000 cubic meters at its Vlaardingen...
Read More
Port of Newcastle commits to global hydrogen partnership
Port of Newcastle has today joined forces with ten global energy enablers to commit to the Platform Zero Global Partnership...
Read More
Iron ore holds ground on renewed China demand optimism
Benchmark iron ore futures held their ground on Wednesday, supported by renewed optimism around demand prospects in top steel producer...
Read More
ABS Explores Near-Shore Green Hydrogen Production in Korea
ABS joined Korean industry leaders in the signing of a memorandum of understanding (MOU) to produce a feasibility study for...
Read More
India eyes green hydrogen bunkering at major ports by 2035
India has set a deadline of 2035 to establish green hydrogen bunkering and refuelling facilities at major ports in the...
Read More
Korean Shipbuilders’ Fully Booked Dockyards Give Chinese Shipbuilders Reflective Benefits
New ship orders are plummeting around the world. Korean shipbuilders with their saturated shipyard docks have been unable to keep...
Read More
Engine: Europe & Africa Bunker Fuel Availability Outlook
Northwest Europe Securing prompt deliveries of VLSFO and HSFO can be difficult in Rotterdam and in the wider ARA hub,...
Read More