News Flash
Suez Canal Announced Tariff Reduction for Chemical Tankers
For further enhancing the mutual benefits of both the Suez Canal Authority and its clients, as well as to promote...
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Iron ore flat as China steel curb woes offset optimism around stimulus hopes.
Iron ore futures struggled for firm direction on Thursday, as worries about steel production curbs in China offset optimism about...
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OPEC upbeat over 2024 oil demand outlook despite the slowdown
OPEC will likely maintain an upbeat view on oil demand growth for next year when it publishes its first outlook...
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Arab Maritime Petroleum Transport Company Partners with StormGeo for Enhanced Environmental Performance and Compliance
Arab Maritime Petroleum Transport Company (AMPTC) has implemented StormGeo’s cutting-edge environmental performance management solution across its entire fleet to effectively...
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Romanian port key for Ukraine grain faces overflow as Black Sea deal on edge
Ukraine’s on-off Black Sea grain deal has made the nearest port of Constanta in neighboring Romania a key alternative that...
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Erma First Launches Flexcap for Improved CII And EEXI Performance
ERMA FIRST, a globally leading sustainable maritime solutions provider, has launched a new energy-saving device (ESD) that promises reduced fuel...
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Baleària plans to stop emitting almost 80,000 tonnes of CO2 by the end of the year thanks to the use of natural gas
In recent weeks, Baleària has increased the consumption of natural gas on its ten dual-engined ships to one hundred percent....
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Baltic index steady as larger vessels snap losing streak
The Baltic Exchange’s main sea freight index was little changed on Thursday as the capesize and Panamax segments snapped their...
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Global liquefied natural gas trade volumes set a new record in 2022
In 2022, global trade in liquefied natural gas (LNG) set a record high, averaging 51.7 billion cubic feet per day...
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$19 billion in trade stranded on water as Canada’s West Coast labor negotiations hit pause
After a fourth day of negotiations, the British Columbia Maritime Employers Association told CNBC that negotiations with the International Longshore...
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ZeroNorth contributes to Vessel Emissions Reporting Standard released by Energy LEAP to meet existing regulatory requirements
Technology company ZeroNorth and Energy LEAP, a strategic alliance between energy majors, together with other industry partners have published a...
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Iran’s LPG exports reach record high of 973,060 mt in May
Iran’s LPG exports loading in May were estimated at around 973,260 mt, about a third above April-loading shipments and exceeding...
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US June LNG exports fall 10% on maintenance cuts, weaker demand.
U.S. exports of liquefied natural gas fell 10% in June to 6.82 million tonnes (MT), from 7.58 MT the previous...
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Asia Fuel Oil-HSFO retains strength, tenders underway.
Asia’s high-sulfur fuel oil (HSFO) market extended gains on Wednesday as stronger bids emerged, even as supplies to the East...
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Costamare Inc. Appoints New Chief Commercial Officer Monaco
Costamare Inc. has appointed Peter Lund as Chief Commercial Officer. He is expected to take up his position with Costamare...
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We can maximize the use of Chabahar Port after Iran’s SCO membership: PM Modi
Prime Minister Narendra Modi Tuesday said the members of the Shanghai Cooperation Organization can work towards maximizing the utilization of...
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From Los Angeles to Shanghai, the port cities are collaborating to cut shipping emissions.
Shipping is responsible for 3% of global greenhouse gas emissions, far less than road transport. But its emissions are notoriously...
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The baltic index falls to 1-month low on waning vessel demand
The Baltic Exchange’s main sea freight index.BADI fell to its lowest in one month on Wednesday as weakness in steel...
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Seafarers’ welfare organizations come together to address abuse, bullying, and harassment at sea.
A coalition of UK-based organizations concerned about seafarers’ welfare has come together to address abuse, bullying, harassment, discrimination, and violence...
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Russia sees no grounds to renew grain deal – foreign ministry.
Russia sees no basis for renewing the Black Sea grain deal, the Russian foreign ministry said on Tuesday, less than...
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