News Flash

China’s Jiangsu Huadian Ganyu LNG terminal begins construction

Jiangsu Huadian Ganyu LNG terminal has started construction at Ganyu port, Lianyungang in China’s eastern Jiangsu province, the local government...
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Iran, Kazakhstan consider establishing direct shipping line in Caspian Sea

In a meeting between Head of Iran’s Ports and Maritime Organization (PMO) Ali-Akbar Safaei and Kazakh Ambassador to Tehran Askhat...
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Wärtsilä plans structural changes to streamline the marine customer offering and improve profitability

Following the announcement in October 2022, Wärtsilä has integrated the Voyage business into Wärtsilä Marine Power since the beginning of...
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Deep Green Ship Recycling push by shipowners at Alang

In recent times, Alang has seen a major push for the development of ship recycling yards, beyond the regulatory or...
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VLSFO market extends slide as more supplies loom

The spot cash premium for very low sulphur fuel oil (VLSFO) in Asia fell for a third consecutive session as...
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Future Fuels and Technology Project to inform GHG Strategy update

The decarbonization of international shipping is a priority for IMO and by mid-2023, the organization aims to have in place...
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Baltic Index slumps as capesize sees worst dip in six months

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell to a near three-year...
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EuroDry Ltd. Reports Total Net Revenues of $15.1 Million

EuroDry Ltd., an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced its results...
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BMS United, Bunkernet, and SBI Sign Definitive Merger Agreement to form Baseblue Company

BMS United Bunkers, Bunkernet, and SBI bunkering BV, leading marine fuel supply companies, today announced that they have entered into...
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Ship Recycling Market Looking for Letter of Credits Relief

After months of financial constraints, things could soon start improving for ship recyclers in Bangladesh and Pakistan. In its latest...
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Bahri Line launches new liner service between Asia and Europe

Bahri Line, a business unit under Bahri Logistics, has officially established a new pendulum service line between the Asian and...
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MOL Decides to Merge Two Group Companies for Ferry and Coastal RORO Vessel Business- Japan’s Largest Ferry and Coastal RORO Vessel Company Launch

Mitsui O.S.K. Lines, Ltd. announced its decision to integrate two wholly owned ferry and coastal RORO vessel operating companies, MOL...
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The Signing Ceremony of Long-Term Contracts for Two Liquefied CO2 Carriers between “K” LINE and Northern Lights JV DA~World’s first full scale CCS project

The signing ceremony for bare boat charter and time charter contracts for two 7,500m3 liquefied CO2 ships between Kawasaki Kisen...
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RINA and ABB Sign MoU to Cooperate in Shipping Decarbonization

RINA, the international classification society, has today announced the signing of a Memorandum of Understanding (MoU) with ABB. The MoU...
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Spain denies entry to tanker carrying Russian-origin diesel

Spain has denied entry into Tarragona port to the Maersk Magellan, a Singapore-flagged vessel, due to it transporting oil products...
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Asian shipping lines are reporting steep revenue declines

New operating results from four Asian shipping lines were released Friday, pointing to steep performance declines in the fourth quarter...
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Container shipping stock prices resilient despite falling spot rates

In our recently published addendum to Financial Health Check, we have reassessed container industry prospects and profitability in view of...
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IFSCA lays foundation to strengthen ship financing, leasing in India

In a bid to boost maritime trade, International Financial Services Centres Authority is taking steps to strengthen ship acquisition, financing...
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Baltic Index Gains As Capesize Sees Best Day In Nearly Two Months

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to a one-week high...
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Product Tankers: Mixed Fortunes for MRs and LR2s

There could be a shift in fortunes in completely opposite directions for various parts of the product tanker market in...
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