News Flash
Baltic index posts gains as capesize rates rise
The Baltic Exchange’s dry bulk sea freight index rose on Friday, buoyed by gains across the capesize vessel segment. The...
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Vitol CEO sees $70-$80/bbl oil prices in 2025, flags supply uncertainty
Global oil prices are expected to stay in the $70 to $80 per barrel range in 2025, similar to 2024,...
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Trump and Republican victories spark commodity decline amid tariff and growth concerns
Global financial markets have reacted, in some cases aggressively, as the US election results increasingly indicate a strong victory for...
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Iron ore rebounds as Trump win re-ignites China stimulus hopes
Iron ore futures recovered on Thursday, as Donald Trump winning the U.S. presidential election heightened hopes that top consumer China...
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U.S.-Korea Shipbuilding Collaboration Prompts Stock Rally
Korean shipbuilding stocks experienced a significant surge on Nov. 7 following remarks by U.S. President-elect Donald Trump. During a 12-minute...
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ExxonMobil successfully supplies Hapag-Lloyd with B25[1] bio marine fuel blend in Antwerp
Hapag-Lloyd’s vessel Colorado Express has successfully bunkered a B25 bio marine fuel blend comprised of ExxonMobil’s Premium HDME 50™ fuel,...
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Gasum selects Wärtsilä for another bioLNG project in Sweden
Wärtsilä Gas Solutions, part of technology group Wärtsilä, will supply Nordic energy company Gasum with biogas upgrading and liquefaction solutions for their...
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Asia Fuel Oil-Spot 380-cst premiums slip to two-week low; SG exports dip
Asia’s cash premiums for 380-cst high sulphur fuel oil (HSFO) slipped to a two-week low, as selling interest gained momentum...
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Clean Maritime Fuels Platform: EU policymakers should unlock investments in production of clean maritime fuels
Clean Maritime Fuels Platform calls on the policymakers to create the regulatory conditions to unlock investments in the production of...
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China’s Nov iron ore imports stay at elevated level on improving margins
China’s iron ore imports in November climbed 3.4% from October, customs data showed on Thursday, as improved steel mill margins...
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Baltic Index Gains as Capesize Rates Rise
The Baltic Exchange’s dry bulk sea freight index rose on Thursday, supported by gains in the capesize vessel segment. The...
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Ammonia dual-fuel box ship design earns class nod
Industry heavyweights have collaborated on the design of a 15,300-TEU ammonia powered dual-fuel container ship. South Korean shipbuilder HD Hyundai...
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IEA Predicts 90% Drop in Shipping Emissions by 2050. Can Maersk’s Bio-Methanol Deal be a Game-Changer?
The shipping industry is an integral part of international trade. Over the past 40 years, global maritime trade has increased...
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Hapag-Lloyd christens LNG-fuelled 23,000TEU boxship
Hamburg Express belongs to a series of 12 ships that also includes Singapore Express, which was delivered in May of this year....
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Intra-Asia Container Shipping market outpaces global growth – Drewry launches new intra-Asia online service
Dewry’s new online Intra-Asia Container Market Insight service confirms that growth in the intra-Asia container shipping market, which over the...
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PIL accelerates fleet renewal with order for five more LNG Dual-Fuel Vessels
Pacific International Lines (PIL) is accelerating the renewal of its fleet with an order for another five 9,000 TEU liquefied natural...
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British Columbia ports head toward lockout as labor talks stall
British Columbia ports head toward a lockout on Nov. 4 as negotiations between the International Longshore and Warehouse Union (ILWU) Local 514...
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Evergreen Marine earns $30M from sale of 28-year-old Vintage Panamax Container Ship
Evergreen has secured an impressive $30 million from the sale of the 1996-built, 5,364 TEU Ever United, which is scheduled to deliver...
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Double pricing of greenhouse gas emissions in shipping: Competitiveness, climate, and what to do about it
International shipping is the backbone of the global economy, accounting for about 80% of international trade (Vuillemey 2020). As the...
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MAWANI unveils Emirates Shipping Line’s new service
The new shipping route connects Jeddah Islamic Port to the ports of Jebel Ali in the UAE, Abqa in Jordan,...
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