News Flash

US gas production growth on hold as demand, infrastructure catch up: panelists

US natural gas production growth could be on pause until more LNG export capacity comes online later this decade, panelists...
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Russia considers gasoline export ban, sources say

The Russian government is considering a possible gasoline export ban to prevent domestic fuel shortages and price increases after a...
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Mitsubishi Shipbuilding Completes Delivery of Ammonia Fuel Supply System for Large, Low-Speed Two Stroke Marine Engines

Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has completed delivery of an ammonia fuel supply...
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MOL to Commercialize ‘V-MO’ Monitoring Service for Marine Motors Jointly Developed with Asahi Kasei Engineering

Mitsui O.S.K. Lines, Ltd. yesterday announced that it has completed the joint research and development with Asahi Kasei Engineering (President:...
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ENGINE: Europe & Africa Bunker Fuel Availability Outlook

Northwest Europe Bunker supply is said to be normal in Rotterdam, but securing prompt delivery of VLSFO can be slightly...
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Windward Launches its Shipment Analytics Dashboard to Optimize Supply Chain Decision Making and Exception Management

Windward, the leading Maritime AI™ company, announced today the launch of its Shipment Analytics Dashboard. The new dashboard, now available...
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MISC Expects Tight LNG Shipping Market Until the End of 2023

MISC is pleased to announce its financial results for the first quarter ended 31 March 2023. Financial Highlights: •Group revenue...
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Cash premium for VLSFO down for fourth session

The cash premium for very low sulphur fuel oil (VLSFO) in Asia softened for a fourth straight session on Wednesday,...
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Iran and Russia to Build “Sanction-Proof” Shipping Fleet of 20 Ships

Russia and Iran have agreed to collaborate on building commercial ships On May 19, 2023. Despite sanctions, the Islamic Republic...
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MSC Sets New Record: Container Fleet Surges to Impressive 5 Million TEU Capacity

MSC successfully overtook Maersk and emerged as the world’s largest container carrier 16 months ago and continued its stream of...
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Five inducted into International Maritime Hall of Fame in NYC

In a ceremony held at The Lighthouse at Pier 61 at Chelsea Piers in New York City, five global shipping and...
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Iran and Russia to Build “Sanction-Proof” Shipping Fleet of 20 Ships

Russia and Iran have agreed to collaborate on building commercial ships On May 19, 2023. Despite sanctions, the Islamic Republic...
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Daibiru Group Medium- to Long-Term Management Plan 2035 ‘‘BUILD NEXT.’’ Formulated

DAIBIRU CORPORATION., a member of the Mitsui O.S.K. Lines Group have formulated the new Daibiru Group Medium- to Long-Term Management...
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ENGINE: East of Suez Bunker Fuel Availability Outlook

Singapore A source says that “demand started slow” in Singapore this week but “then picked up.” Availability remains tight for...
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Bureau Veritas Solutions Marine & Offshore and ENGIE announce low-carbon advisory and risk management partnership for the shipping industry

Bureau Veritas Solutions Marine & Offshore, a technical advisory, asset management and assurance solutions organization, and ENGIE, a global industry...
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VLSFO market retains downside as more Al Zour supply looms

Asia’s very low sulphur fuel oil market remained under downward pressure on Tuesday, as key exporter Al Zour continued to...
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Intermodal Weekly Market Report Week 20 2023 Broker’s Insight

Due to sluggish demand and massive inventories, spot LNG prices in Asia plummeted to a two-year low, while prices in...
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Marlink enhances hybrid digital network solution for Polembros Shipping with Starlink

Marlink, the smart network and digital solutions company, will install the Starlink LEO service for Athens-based ship manager Polembros Shipping....
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Nordic American Tankers Ltd: First Quarter Results, History in the making!

The average Time Charter Equivalent (TCE) for our spot vessels (15) during the first quarter of 2023 came in at...
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‘We are not decoupling’: G-7 leaders agree on approach to ‘de-risk’ from China

Leaders of the Group of Seven agreed there’s a need to de-risk, not decouple from China, and acknowledged challenges posed...
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