News Flash

Red Sea crisis hits volumes at port of Piraeus

Piraeus reported that in June it experienced a decrease of 10.1% in containers handled, contributing to a broader 12.9% downturn...
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Wartsila to transfer its manufacturing site in Trieste, Italy to shipping company MSC

In July 2022, technology group Wartsila announced a plan to ramp down manufacturing in Trieste and to centralise its 4-stroke...
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Jones Act Investments Strong as JP Morgan Group is Latest in the Sector

Investor interest in the protected U.S. Jones Act shipping market is growing as demonstrated by the news that a group...
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China’s first 10,000 DWT methanol dual-fuel integrated electrically-propelled inland bulk carrier completes sea trial

On July 29, China’s first domestic 10,000 DWT methanol dual-fuel integrated electrically-propelled inland bulk carrier “Guoneng Changjiang 01” successfully completed...
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APSEZ kicks Off FY25 With A strong 47% PAT Growth In Q1

Adani Ports and Special Economic Zone Ltd (“APSEZ”) today announced its results for the quarter ending 30 June, 2024. “FY25...
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Havila Shipping ASA: Information on the development of the company’s debt

Information on the development of the company's debt Reference is made to previous statements, most recently in the interim report...
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Maersk Sees Red Sea Disruption Lasting Through 2024

The global transport disruptions caused by the conflict in the Red Sea will last longer than expected and won’t be...
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International Shipping Coalition launches “Beyond Methane Pledge”, calling on industry leaders to end LNG

Backed by seven key civil society organizations, the Say No to LNG global shipping campaign today launched the ‘Beyond Methane...
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Methane slip being eliminated as LNG uptake accelerates

Significant progress is being made to eradicate methane slip as uptake of the LNG pathway accelerates, and this is worth...
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ICS: Hydrogen has an important but not dominant role in net zero

The International Chamber of Shipping (ICS) presents a new report identifying hydrogen demand sectors, demand locations, and the demand-pull timeline....
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Enterprise Expands Houston Ship Channel Export Facility

Enterprise Products Partners L.P. announced that it is moving forward with a key expansion project along the Houston Ship Channel...
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European Commission Approves €998 Million Dutch State Aid Scheme To Support Renewable Hydrogen Production

The European Commission has approved, under EU State aid rules, a €998 million Dutch scheme to support renewable hydrogen production....
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ABB Modernizes MS Amera With DC Technology and Shore Connection for Improved Safety and Efficiency

Germany-based cruise operator Phoenix Reisen has modernized its 205-meter, 835-passenger capacity ship, MS Amera. The vessel is now equipped with...
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Oil Spill Clean-Up Underway On South Africa’s West Coast After the Weekend Break-Up Of Grounded Panama-Flagged Cargo Vessel

Coastal clean-up operations are ramping up on South Africa’s west coast after an oil spill caused by the breakup of...
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US Court Enforces $200m Award Against Government Of Djibouti Over Illegal Port Seizure

DP World welcomes the decision by a US court to enforce a $200 million award against the Government of Djibouti,...
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Adani Mulls $2 Bln Danang Coastal Port Project

According to Bloomberg, Indian billionaire Gautam Adani is considering investing more than $2 billion in a port in Vietnam’s coastal...
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NYK’s STS Bunkering Boom For Ammonia Gets ClassNK’s Nod

Japanese shipping major NYK and TB Global Technologies have received approval in principle (AiP) from classification society ClassNK for a...
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Asia Fuel Oil-Spot Premiums Extend Gains While Market Structure Firms

Spot fuel oil premiums extended gains in Asia on Wednesday, backed by strength in the derivatives market where buying activity...
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Ocean Container Shipping Market Reaches Tipping Point

The ocean container shipping market reached a tipping point in July, with long-term rates on major fronthaul trades showing signs...
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Baltic Index Down For 9th Session On Weaker Demand For Larger Vessels

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell for a ninth...
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