News Flash

Third floating LNG terminal arrives in Germany

A floating terminal to import liquefied natural gas (LNG) arrived in the German port of Brunsbuettel on Friday, the third...
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China 2022 low-sulphur marine fuel exports fall 6.2% from previous year

China’s exports of low-sulphur marine fuels in 2022 fell 6.2% from the previous year, in line with lower ship refuelling...
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Canada accepts amendments to expand IMO Council

Canada has become the latest country to accept amendments to the Convention on the International Maritime Organization (IMO) which will...
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0.5% VLSFO spot premium surges to five-month high

Asia’s spot premium for 0.5% very low sulphur fuel oil (VLSFO) hit a five-month high on Friday on firmer bidding...
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Polycrisis to disrupt commodity supply and demand

A“polycrisis” of interrelated environmental, geopolitical and socioeconomic risks could have a profound effect on the supply of and demand for...
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Baltic index posts fourth weekly fall as capesize rates drop

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the fourth straight...
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The right people will futureproof maritime businesses

The global shortage of labour – skilled or otherwise – has imposed a new set of strategic priorities upon employers....
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An Indian Shipping Line Can Help The Nation Save $25 Billion A Year

India requires a shipping line of its own if it wants to be a serious exporter and manufacturer on the...
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Growth in Saudi Ports’ Container Volumes Reaches 13.63% during December

The Kingdom’s ports have ended December in the gains territory with a string of spectacular results across various indicators, chief...
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Despite India’s economic growth, few jobs and meagre pay for urban youth

Ravi Verma, hired by an electrical parts manufacturing firm early last year as India’s economy surged, was fired in November...
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India: Dec traffic at major ports sails to highest in FY23, rises 10.4 per cent

After three months of stagnant growth, cargo traffic at state-owned ports rose 10.4 per cent in December year-on-year (YoY), signaling...
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OSM Maritime and Thome to merge to strengthen position as a world leader within ship management

OSM Maritime Group and Thome Group have agreed to a merger of the two companies. By joining forces, the companies...
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Davies Turner adds direct ocean freight LCL service from UK to India

With the weak pound providing opportunities for UK exporters currently, Davies Turner is delivering a further boost to its ocean...
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Transatlantic Trouble As Extra Capacity Undermines Freight Rates

2023 has marked a change in fortunes for ocean freight rates from North Europe to the US East Coast, with...
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LNG seeing boost as competitive US bunker fuel as Atlantic cargo prices fall

LNG is seeing a competitive boost as a US bunker fuel, as FOB prices have dropped sharply from record highs...
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Baltic index drops to fresh 2-1/2-year low on weaker capesize demand

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, extended losses on Thursday to...
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Weaker shipping demand hits ocean-freight shipper Matson’s fourth-quarter profit expectations

Ocean-freight shipping company Matson Inc. on Wednesday reported a preliminary fourth-quarter profit that was below expectations, as a drop-off in...
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The Panama Ship Registry Continues To Adapt Its Processes For 2023

The Panama Ship Registry continues its leadership position worldwide, ranking first among the 10 most important merchant fleets by flag...
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VLFSO: Spot market retains strength; Singapore stocks at five-week lows

Asia’s spot fuel oil market continued to firm on Thursday, while residual fuel stocks at Singapore fell to a five-week...
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All administration tasks in OpenDXM GlobalX 9.4 now in the web

PROSTEP AG’s maintenance customers can now download the new version 9.4 of the OpenDXM GlobalX data exchange platform via the...
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