News Flash

A.P. Moller – Maersk expands relationship with Microsoft to further digitize and decarbonize logistics

A.P. Moller – Maersk (Maersk), one of the world’s largest logistics companies, today announced a boost to its cloud-first technology...
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Low-Flashpoint Methanol Fuel System from KSOE Approved by ABS

A low-carbon fuel supply system from HD Korea Shipbuilding & Offshore Engineering (KSOE) has received approval in principle (AIP) from...
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Despite China heatwave, weak factory demand curbs coal prices, LNG imports

An ongoing heatwave in China is boosting power demand for cooling, but tepid industrial demand and record high coal inventories...
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KNCC Liquid CO2 Concept moves forward with DNV GASA

Classification society DNV awarded Knutsen NYK Carbon Carriers (KNCC) with a General Approval for Ship Application (GASA) certificate for their...
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Americas Fuel Availability Outlook

North America Availability of VLSFO and LSMGO grades in Houston has been good so far this week. Several suppliers are...
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Russian seaborne crude exports hit post-war high on Indian buying spree

Russian seaborne crude exports rose to a post-war high in May, according to tanker tracking data, as Moscow continues to...
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Labor unrest, canal woes could complicate ‘normal’ peak season

May import numbers are in and yet again, the trend is closely aligned with pre-COVID levels in 2018-2019. But there...
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Alternative Marine Fuels: Monthly Market Indicators

Global alternative marine fuel markets have been a hot topic at Oslo’s Nor Shipping Trade Fair, with Greek shipowner Angelicoussis...
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Saudi Arabia’s solo play shows mess of oil market contradictions

Saudi Arabia’s decision to deepen its crude oil production cuts, without matching contributions from its allies, underscores how the market...
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West Coast dockworkers making $200K demand higher pay

West Coast container port operations are being disrupted by a dispute over the size of dockworkers’ next pay raise, with...
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Columbia Shipmanagement continues partnership with AKTI Project and Research Centre in combatting coastal microplastics in Cyprus

On World Ocean Day 2023, Columbia Shipmanagement Ltd. proudly reaffirms its commitment to environmental sustainability through its ongoing partnership with...
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ZIM’s Levant Black Sea Express (LBX) Service to Add a Thessaloniki Call

ZIM Integrated Shipping Services Ltd. announced today that its Levant – Black Sea Express (LBX) service will add a weekly...
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Vessel buildup grows at West Coast ports as maritime supply chain begins to break, echoing Covid chaos

The number of vessels due to dock at the Port of Los Angeles and Long Beach is increasing as labor...
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Capesize, panamax gains drive Baltic index higher

The Baltic Exchange’s main sea freight index rose for a fourth straight session on Thursday, helped by higher rates for...
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Software Improvement Group: Routescanner is neutral

otterdam/Amsterdam, 8 June 2023 – Through in-depth code review, data analysis, and extensive experiments, Software Improvement Group (SIG) positively evaluated...
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Euro zone slips into recession after Germany, Ireland revisions

The euro zone economy was in a technical recession in the first three months of 2023, data from European statistics...
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Iron ore extends rally as China stimulus hopes persist

Iron ore futures climbed on Thursday, with the Dalian benchmark hitting a fresh seven-week high, while prices in Singapore rose...
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The CMA CGM Group builds up its terminal footprint in Europe and the Mediterranean with CSP Bilbao and Valencia

The CMA CGM Group, a global player in sea, land, air and logistics solutions, will acquire shares in COSCO SHIPPING...
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Global demand for natural gas will grow by 36%

The joint conference of the Russian Energy Week (REW) Expert Club and the Iranian Institute for International Energy Studies (MIEI)...
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Euro economic misses may mask pandemic reboot

Even if some yearn for pre-pandemic familiarity after three years of global economic disruption, the euro zone may not want...
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