News Flash

Iron ore hits 3-week low on firmer supply, softer steel outlook

Iron ore futures prices fell to a three-week low on Thursday, as supply of the key steelmaking ingredient remained firm...
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Wallenius Marine’s New Vessel “Way Forward” Ready for Her First Mission

Wallenius Marine’s new vessel, M/V Way Forward, has begun her long-term charter with the Volkswagen Group. She recently arrived at...
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Sedna Acquires Nordic IT, Advancing Maritime Communication Leadership

Sedna, a leader in communication technology for global trade, announces the acquisition of Nordic IT, a pioneering provider of maritime...
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U.S. port, union talks break down again over automation, with two months to go before potential strike

Automation continues to be the sticking point in the negotiations between the United States Maritime Alliance and the International Longshoremen’s...
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Shipping industry’s decarbonization enhanced by dedicated book and claim registry

The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS) and RMI (formerly Rocky Mountain Institute) are launching Katalist, a...
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MABUX: Bunker Prices Could See More Sideways Action Next Week

In Week 46, the MABUX global bunker indices shifted back to a moderate downward trend. The 380 HSFO index fell...
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Asia Fuel Oil-VLSFO premium eases; Singapore stockpiles extend recovery

Spot premium for very low sulphur fuel oil (VLSFO) dipped on Thursday, while onshore stockpiles at Singapore rose for a...
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EPS uses DeepSea AI to significantly improve accuracy of fuel consumption forecasts

DeepSea Technologies, the award-winning Al-led maritime technology company and energy efficiency experts, today announced it has delivered weekly fuel consumption...
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Signal: Potential implications on the freight industry following 2024 U.S Election

The potential implications of the new 2024 U.S. election and the resulting presidential administration on the freight industry are substantial,...
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Baltic index gains on higher capesize, panamax rates

The Baltic Exchange’s main sea freight index rose on Thursday, helped by rising rates across the capesize and panamax segments....
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SeaLead Unveils ANIDEA Service Connecting Far East, West India, and East Africa

SeaLead, a fast-growing global shipping line, today announced the launch of its revamped service, ANIDEA (Asia and India, East Africa)....
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Ernst Russ AG reports successful business performance

After the first nine months of 2024, the Ernst Russ Group (‘ER Group’) can report a successful business performance. Despite...
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New partnership between Seabed 2030 and Revelare Hydrospatial boosts ocean mapping efforts across Asia-Pacific

  The Nippon Foundation-GEBCO Seabed 2030 Project has entered a new partnership with Revelare Hydrospatial, a specialist in hydrographic and...
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Some of the industry’s finest leaders join the LISW25 Board of Advisors

London International Shipping Week is once again drawing on the thoughts and views of some of the finest brains in...
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Maritime appetite for cyber risk notably higher than other key industries, new report reveals

Anew report published by DNV reveals that the majority (61%) of maritime professionals believe the industry should accept increased cyber...
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Asia Fuel Oil-HSFO premiums inch up while market structure firms

Spot premiums for high sulphur fuel oil (HSFO) edged higher on Wednesday amid a stronger backwardated market structure. Intermonth spreads...
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KR, HD KSOE, HD HHI, KSS Line, and Liberian Registry Partner to Develop Safety Guidelines for Ship-to-Ship Ammonia Bunkering

A landmark partnership to develop the safety guidelines for ship-to-ship ammonia bunkering has been established through a Memorandum of Understanding...
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BIMCO launches Ship Recycling Alliance to help fuel change

BIMCO has launched a Ship Recycling Alliance to help accelerate safe and environmentally sound recycling of ships. The alliance will...
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Coal shipments to advanced economies heading for a 15-year low

“During the first 10 months of 2024, coal shipments to advanced economies fell 6% y/y. Import demand weakened, particularly in...
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Baltic index slips on lower capesize, supramax rates

The Baltic Exchange’s main sea freight index fell on Wednesday, snapping a six-session winning streak, hurt by falling rates across...
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