News Flash

Baltic index climbs to 11-week high, led by capesizes

The Baltic Exchange’s main sea freight index rose to an 11-week high on Thursday as rates across larger vessel segments...
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Tankers: Russian Oil Is Replacing Iranian Oil’s Imports from China

China’s imports of Russian oil have been steadily growing, replacing Iranian crudes. In its latest weekly report, shipbroker Xclusiv said...
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MOL and VALE agree to install Two Norsepower Rotor SailsTM to an in-service Capesize Bulk Carrier

Mitsui O.S.K. Lines, Ltd. and Vale International SA have announced a partnership to retrofit a 200,000-ton class bulk carrier, currently...
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Wärtsilä to deliver its first CCS-Ready scrubber systems

Wärtsilä receives first CCS-Ready scrubber order, further propelling maritime decarbonisation. The technology group Wärtsilä has received its first order for...
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Shipowners urged to enhance data transparency for better IMO rules

Shipowners need to provide more operational data so that the International Maritime Organization can have a better regulatory framework around...
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The Seafarers’ Charity calls for increased support for the safety and welfare of women seafarers

Anew research report released on International Women’s Day shines a spotlight on the welfare needs of women working on cargo...
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IMO Sub-Committee on Ships Systems and Equipment (SSE 9)

The 9th session of the IMO’s Sub-Committee on Ship Systems and Equipment (SSE 9) was held from 27 February to...
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Capesize, panamax gains propel Baltic index to 14th straight rise

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose for the 14th...
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Performance Shipping Inc. Signs Shipbuilding Contract For The Purchase Of A Newbuild LNG Ready Tier III LR2 Product/ Crude Oil Tanker With Scrubber

Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, announced that it has signed, through...
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Bright future seen ahead for Sino-Greek shipping cooperation

A bright future lies ahead for Sino-Greek cooperation in shipping, Chinese and Greek speakers told an event at Greece’s Piraeus...
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AP Moller-Maersk integrates Africa, West and Central Asia into Indian subcontinent region

Logistics and shipping services company, AP Moller-Maersk (Maersk), has announced the integration of West & Central Asia and Africa regions...
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China’s Fuzhou Port sees first export of Europe-bound NEVs

A total of 2,011 vehicles on board a roll-on-roll-off ship left Jiangyin terminal in east China’s Fuzhou Port for Europe....
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Anglo-Eastern enhances fleet performance using Wärtsilä’s integrated CII tool

The technology group Wärtsilä has delivered the CII Dashboard within its Fleet Optimisation Solution (FOS) to 530 vessels in Anglo-Eastern’s...
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Shipping companies are investing more into crews’ health and nutrition, says leading catering management provider MCTC as company expands and moves offices

The wellbeing of crew members is becoming more important to shipping companies says leading catering management provider MCTC, as firm...
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VLSFO rebounds following one-month downtrend

The spot 0.5% very low sulphur fuel oil (VLSFO) market in Asia rebounded on Tuesday after trending lower since early-February....
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AWOS launched for women seafarers

Hong-Kong headquartered and world’s leading ship management company, and also a major employer of Indian seafarers, Anglo-Eastern Group has launched...
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The Republic Of Panama Signs Important Agreements With The Republic Of Antigua And Barbuda

The Republic of Panama represented by the Panama Maritime Authority (AMP) signed significant Memorandums of Understanding (MOU) with the Republic...
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The Bahamas is once again amongst the first members of the IMO Council to present its annual IMO member state assessment payment

On 27 February The Bahamas continued its long-held tradition of making its annual member state assessment payment to the International...
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Baltic index extends gains on stronger capesize demand

The Baltic Exchange’s main sea freight index extended gains to a 13th straight session on Tuesday, as the index tracking...
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Container shipping market yet to bottom as spot rates keep slipping

Xeneta CEO Patrik Berglund said in late November that if spot rates had not stabilized and started to rise again...
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