News Flash

Kazakhstan to ship 20,000 tonnes of crude to Germany in March

Kazakhstan plans to ship 20,000 tonnes of crude to Germany this month via the Russian Druzhba pipeline and the same...
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NYK Sends First Ship For Green Recycling in Bangladesh

Bangladesh-based ship recycling company, PHP Ship Recycling, has achieved a significant milestone by purchasing a ship directly from a shipping...
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MSC Hits New Milestone, Takes Delivery of World’s Largest Containership

The Mediterranean Shipping Company (MSC) received delivery of the world's largest containership in terms of carrying capacity. The MSC IRINA, with a...
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Bulk carrier disabled by water ingress at Lyttelton, NZ

Bulk carrier LOYALTY HONG, berthed at Lyttelton, New Zealand, suffered engine room flooding during her stay, she arrived at Lyttelton on...
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Wärtsilä Optimised Maintenance Agreement to support operational performance of National Petroleum Construction Company’s fleet

The technology group Wärtsilä has signed a five-year Optimised Maintenance Agreement with National Petroleum Construction Company (NPCC), a subsidiary of...
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S&P Global Commodity Insights Acquires Tradenet & MINT to Further Strengthen Shipping Offering

Traders, producers, investors and governments are racing to secure software solutions that can offer real-time visibility and facts amid a...
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Cargo is key to fair emissions calculations, says SHIPNEXT CEO

A new emissions index has been developed by independent shipping platform SHIPNEXT, in a bid to address widely-held industry concerns...
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HSFO cash premiums retreat, Hi-5 spread may widen

Spot fuel oil premiums for high sulphur fuel oil (HSFO) declined on Monday, although a flurry of trades at the...
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Vessel demand drives Baltic index to over 11-week high

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to an over 11-week...
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Strong LNG Imports in the EU Are Expected for the Summer Period

European LNG imports are expected to rapidly increase over the course of summer, boosting demand for LNG tankers. In its...
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India’s bitumen sector shrugs off curbs on ageing ships

India's bitumen market expects to see minimal impact from new shipping regulations, which will halt the issuing of trading licences...
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Competition Intensifying between Korean, Chinese Shipbuilders in Taking Orders for Methanol-Powered Ships

As methanol-powered ships are rapidly emerging as next-generation eco-friendly ships, competition is heating up between Korean and Chinese shipbuilders about...
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French LNG terminal disruptions expected to continue tomorrow

The strike against the French government’s planned pension reforms that have disrupted French liquified natural gas terminals are expected to...
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India’s duty-free sunflower oil imports from Black Sea set to drop this year

India is likely to import 1.5 million tonnes of duty-free sunflower oil during the current fiscal year to March 31,...
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Product Tanker Market Flows Shifting After Ban on Russian Imports

The product tanker market flows have changed considerably since the EU ban on Russian imports. In its latest weekly report,...
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Shipping cost drops as larger vessels can enter Ctg port after Karnaphuli capital dredging

After completion of the capital dredging of the Karnaphuli River, the shipping cost has come down as 10-metre draft vessels...
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Anglo-Eastern set to go wide with Starlink Maritime

This week celebrates the first formal installation of Starlink’s maritime broadband service within Anglo-Eastern’s managed fleet. The installation is part...
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S.N. Corporation Bangladesh ship recycling yard achieves HKC compliance

The certification of M/S. S.N. Corporation’s Unit-02 ship recycling yard at Shitalpur, Sitakunda is a significant step for Bangladeshi green...
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Asia-US container rates continue to plunge; US ports ‘wide open’ as consumer demand wanes

Rates for shipping containers from Asia to the US continued to slide this week as congestion has largely dissipated at...
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Crude shipping revs up; supertanker rates top $100,000 a day

Spot rates for very large crude carriers (VLCCs) — tankers that carry 2 million barrels of oil — just breached...
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