News Flash

ARA gasoil stocks continue to drop, but still near 2-yr high

Gasoil stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage area fell for the third week in...
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Tech Accelerator Working Towards Reducing Maritime Methane Emissions Gains Momentum With Major New Signatories

A major cross sectoral initiative tasked with reducing methane emissions across the maritime industry has announced seven new members at...
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Second Hand Vessel Deals Down 50% So Far This Year

The second hand market for ships has declined to just $7 billion, versus $13.5 billion in the same period of...
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FSO stern flooded, evac, 1 worker died, Gulf of Siam

Confirmed it was an explosion, worker died in explosion. 400,000 barrels of oil on board. No power on board after...
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Hapag-Lloyd Launches New Service In Asia

German ocean carrier Hapag-Lloyd announced the addition of a new service in Asia that will have flexible port coverage. This...
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New Shipping Service To Link Saudi Arabia To Indian Subcontinent

The Saudi Ports Authority (Mawani) has announced the addition of King Abdulaziz Port to the IMX service run by a...
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SK gas to enter LNG bunkering business through Korea Energy Terminal

South Korea’s SK gas Co. is preparing to enter the liquefied natural gas bunkering market through a terminal construction project...
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Fujairah expects more refineries to be set up to produce marine fuel

Fujairah, the world’s third-largest bunkering hub, expects energy companies to set up more refineries in the emirate to produce low-sulphur...
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Turkey seeks extending grain deal for 120 days – defence minister

Turkey will continue discussions to extend a deal that allows grain shipments from Ukraine’s Black Sea ports for 120 days...
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Share of ships with scrubbers seen rising despite 24% fall in fittings in 2022

“Scrubbers were installed on 399 ships in 2022, a fall of 24% y/y, and currently 13% of bulker, container, and...
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Baltic index rises on panamax vessel demand

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Wednesday, as gains...
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Recruitment of Merchant Navy Professionals increased due to increasing commercial activities

RECRUITMENT OF MERCHANT NAVY PROFESSIONALS 1589. SHRI TIRUCHI SIVA:Will the Minister of PORTS, SHIPPING AND WATERWAYS be pleased to state:...
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Globus Maritime offloads ageing supramax for $14m

Greek bulker owner Globus Maritime has sold its 2007-built supramax Sun Globe to an unaffiliated third party for $14.1m. Industry sources say...
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DNV recovers from fleet management system ransomware attack

DNV announced all users are back online on its dedicated ShipManager servers after the ransomware attack earlier this year. The Norwegian...
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ONE Adds to Orderbook with Order for Ten Large Containership

Despite falling freight rates and uncertainty regarding consumer demand, container shipping’s ordering spree continues with Japanese shipping line Ocean Network Express announcing...
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UAE Bunkering Hub Falling Behind on Alternative Fuels

UAE’s Fujairah must step up investments for storage and supply of new alternative fuels as these markets are still lacking...
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TFG Marine targets 20% bunker sales rise through expansion

TFG Marine, majority owned by commodities trader Trafigura, aims to increase its marine fuel sales volume by up to 20%...
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Seanergy Maritime Remains Confident of Dry Bulk Market’s Prospects Moving Forward

Seanergy Maritime Holdings Corp., announced today its financial results for the fourth quarter and twelve months ended December 31, 2022....
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Baltic index hits near 12-week high on heavy capesize demand

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to a near 12-week...
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Tanker sales surge as Ukraine war divides maritime fleet over Russian cargoes

The war in Ukraine has spurred a flurry of sales and purchases of oil tankers over the past year as...
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