News Flash

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...
Read More

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...
Read More

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...
Read More

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...
Read More

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...
Read More

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,...
Read More

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,...
Read More

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...
Read More

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...
Read More

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...
Read More

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...
Read More

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...
Read More

Oil and gas contractors to strike over pay

Oil and gas contractors on a series of North Sea platforms have voted to take strike action. Unite the union...
Read More

Tankers: VLCC Market Receives Strong Boost

Clean The Middle East Gulf has been active this week with rates improving on all sizes. TC1 (75kt MEG/Japan) has...
Read More

Carbon emissions from Indian marine sector lower than global average

The carbon emissions from the Indian marine fisheries sector is much lower than the global level, an ICAR-Central Marine Fisheries...
Read More

Ukraine, Romania agree to check depths of Danube canals

Ukraine and Romania have agreed to check the depth of canals off the Danube river which Kyiv uses to export...
Read More

DNV awards AiP for a floating ammonia production unit developed by SWITCH2 and BW Offshore

An industrial scale concept for a floating production unit to produce green ammonia has secured Approval in Principle (AiP) from...
Read More

Russia complains of unfulfilled pledges on Ukraine grain deal as renewal date looms

Russia’s foreign minister Sergey Lavrov March 9 repeated his country’s grievances with the agreement that guarantees the safety of commercial...
Read More

VLSFO margin posts weekly gain despite ample prompt supplies

Refining margins for very low sulphur fuel oil (VLSFO) in Asia posted a mild weekly gain despite heavy supply arrivals...
Read More

Implied obligation to re-inspect without delay

In the Pan Ocean Co Ltd v. Daelim Corporation (DL Lilac) EWHC 391 (Comm) charterparty dispute, the arbitral tribunal found...
Read More
1 236 237 238 239 240 523