News Flash

Growth in global oil demand is set to slow significantly by 2028

Growth in the world’s demand for oil is set to slow almost to a halt in the coming years, with...
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Black Sea Grain Initiative exports up 65% since last week, but few ships are entering ports

Last week, between 5 and 11 June, the volume of agricultural products exported via the Black Sea Grain Initiative increased...
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Kalmar introduces Electric Straddle Carrier Charge Family, further expanding its eco-efficient portfolio of fully electric equipment

Kalmar, part of Cargotec, has announced the launch of the Electric Straddle Carrier Charge Family, the latest addition to its...
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Hyundai Vietnam Shipbuilding wins order for 2 oil and chemical tankers

Hyundai Vietnam Shipbuilding Co., a unit of South Korean shipbuilding, oil refining and machinery conglomerate HD Hyundai, said Wednesday it...
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MOL and JERA Signs Long-Term Charter Deal for Newbuilding LNG Carrier

Mitsui O.S.K. Lines, Ltd. announced the signing of a long-term charter contract for a newbuilding LNG carrier with a vessel...
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Korean Shipbuilders Likely to Receive Reflective Benefits from Cross-strait Conflict

A cross-strait conflict between Taiwan and China is creating new opportunities for the Korean shipbuilding industry. Taiwanese shipping companies and...
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Confusion reigns as labor dispute ‘fog’ blankets West Coast ports

There’s the fog of war and there’s the fog of West Coast port labor disruptions. More than a year after...
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Baltic index hits two-week high on smaller vessels demand

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, edged higher on Wednesday, aided...
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China cuts short-term borrowing costs to support recovery

China’s central bank lowered a short-term lending rate for the first time in 10 months on Tuesday, to help restore...
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Survitec Expands UK Servicing Capability With New Service Centre At Port Of Southampton

Global Survival Technology solutions provider Survitec has completed a major expansion of its UK servicing capability with the opening of...
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Kalmar launches world’s most sustainable reachstacker made using emission-free steel

Kalmar, part of Cargotec, has today announced the introduction of a range of new sustainability options for its eco-efficient electric...
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World Fuel Services to begin bunkering operations in Jamaica with Scott Petroleum

The creation of a physical supply network for bunker fuel supply in Jamaica, a major bunkering hub in the Caribbean,...
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Thordon Tailshaft Package Selected After Competitor Solution Wears Nirsa Down

Ecuador’s foremost tuna fishing operator NIRSA has completed a project to convert the tailshaft seals and bearings aboard the 1973-built...
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WinGD enhances fuel-flexible efficiency with Variable Compression Ratio

Swiss marine power company WinGD has introduced a core engine technology that for the first time eliminates the need for...
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Marine environment at risk due to ship emissions

The combined emissions of metals and other environmentally hazardous substances from ships is putting the marine environment at risk according...
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Maersk secures green methanol for maiden voyage of the world’s first methanol-enabled container vessel

A.P. Moller – Maersk (Maersk) has successfully secured green methanol for the maiden voyage of the world’s first methanol-enabled container...
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ENGINE: East of Suez Bunker Fuel Availability Outlook

Singapore A source says that demand has been “quiet” in Singapore so far this week. VLSFO and HSFO availability has...
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ICS welcomes Bangladesh ratification of the Hong Kong Convention

Bangladesh is one of the principal ship recyclers in the world and key to leading the way for safe and...
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UKHO signs MoUs with Port of London Authority and Peel Ports Group, strengthening collaboration in port sector

The UK Hydrographic Office (UKHO) has signed new Memorandums of Understanding (MoUs) with the Port of London Authority (PLA) and...
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Liebherr to supply three automated, dual trolley, ship to shore container cranes to HHLA

Liebherr Container Cranes, a leading European manufacturer of innovative port equipment, is pleased to announce the sale of three large...
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