News Flash

Baltic Index Up For Second Day On Higher Capesize Rates

The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose for a...
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Yemen’s Houthis Say They Targeted MV Groton In The Gulf of Aden

Yemen’s Iran-aligned Houthi movement said on Sunday that it targeted MV Groton vessel in the Gulf of Aden and also...
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MOL and Hanwha Design First LNG Carrier with Wind-Assisted Propulsion

Japan’s Mitsui O.S.K. Lines (MOL) presented the first approved design concept for an LNG carrier with a wind-assisted propulsion system....
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Maersk Commits to Using Shore Power in Hamburg

Hamburg is moving forward broadening the installation of shore power capabilities across the port. Earlier this year it claimed the...
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Maryland Briefly Close Bridge as MARAD Reserve Vessel Losses Steering

It has happened again, or maybe officials have just become very sensitive to all reports of a vessel reporting momentary...
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Vard wins contract for design and construction of an ECV for Norwegian firm

VARD says it has signed contract for the design and construction of one state-of-the-art Energy Construction Vessel (ECV) with Wind...
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Sanmar signs contract to build two powerful tugs for Directorate General of Coastal Safety

Sanmar says it has held a contract signing ceremony with the Turkish Directorate General of Coastal Safety for the delivery...
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MEPC 82: Tiny ammonia gas leaks should trigger alarms on ships – class societies

The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS) and the Italian classification society RINA submitted comments to the...
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Welcome on board! Hapag-Lloyd welcomes 66 new apprentices

Today, 66 young men and women are starting their training at Hapag-Lloyd in Hamburg. Some of the apprentices will learn...
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New app in the works to improve efficiency for Singapore’s shipping and logistics sectors

Amid recurring disruptions to global supply chains from geopolitical hot spots around the world, Singapore and its regional counterparts have...
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Capital Product Partners L.P. Announces Approval of Corporate Conversion and Name Change as It Continues Its Strategic Pivot to The LNG and Energy Transition Business

Capital Product Partners L.P. (“CPLP”, “we” or “us”) (NASDAQ: CPLP), an international owner of ocean-going vessels, announces today the approval...
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Asia Fuel Oil-Cash Premiums Extend Slide But Bunker Prices Hold

Cash premiums for fuel oil continued to ease in Asia on Friday as offers dipped further, though downstream bunker premiums...
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International Chamber Of Shipping Launches New Hydrogen Demand Report

The International Chamber of Shipping (ICS) presented a new report, written by the Professor of Energy Economics at Biberach University...
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Petrobras Signs A Contract To Acquire Undersea Equipment For The Santos And Campos Basins

Petrobras has signed the first contract to acquire undersea equipment to start implementing the Atapu 2 and Sépia 2 projects....
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Tokyo And The Paris Memoranda Of Understanding To Launch A Joint Concentrated Inspection Campaign On Crew Wages And Seafarer Employment Agreements

The Member Authorities of the Tokyo and the Paris Memoranda of Understanding (MoU) on Port State Control will launch a...
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Panama Canal To Allow 36 Daily Transits By September

According to the company's release, consistently strong rains will allow the Panama Canal to accommodate 36 transits a day from...
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MOL Secures AiP For Wind Challenger-Equipped LNG Carrier Design

Mitsui O.S.K. Lines (MOL) has announced it has been awarded approval in principle (AiP) by Nippon Kaiji Kyokai (ClassNK) for...
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Russia’s August Western Port Oil Loadings To Rise 9% M/M, Sources Say

Russia will increase oil exports via its western ports to 1.95 million barrels per day (bpd) in August, up by...
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Asia’s Crude Oil Imports Drop In July As China Stays Weak

Asia's crude oil imports dropped to the lowest in two years in July as demand remained weak in top importer...
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Baltic Index Snaps 10-Session Losing Streak As Capesize Rates Gain

The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, snapped a 10-session...
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