News Flash

Tankers at Sea Insight: VLCC segment breaks out of rut as higher employment in summer buoys earnings

More VLCCs managed to secure employment in August, as higher demand for crude spurred by stronger refinery processing and robust...
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EU clean oil product imports up 18.3% y/y on increased Asian volumes

Excluding intra-EU trade, the European Union’s average monthly clean oil product imports amounted to 10.0 million tonnes in 2019 but...
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Safe Bulkers Management and Safety Management Overseas Sign Cooperation Agreement with OTG

During Maritime Cyprus 2022, maritime learning and operational technology company, Ocean Technologies Group (OTG), signed a new cooperation agreement with...
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Dry Bulkers Values Enter Bearish Territory

The dry bulk market has failed to impress over the past few weeks, with the gloom now starting to translate...
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Shippers losing interest in Ctg-Kolkata coastal route

Bangladeshi company Marine Trust Limited began transporting goods on the Chattogram-Kolkata route in 2017 with four ships, but the company...
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GTT unveils its innovative three-tank LNG carrier concept with two Approvals in Principle

GTT announces that it has received two Approvals in Principle (AiP) for its innovative three-tank LNG tanker design, from DNV...
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DP World reports 2.5% like-for-like volume growth

DP World Limited handled 59.6 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in 9M2022, with...
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FUJAIRAH DATA: Oil product stockpiles climb to two-week high

Oil product stockpiles at the UAE’s Port of Fujairah resumed gains in the week ended Oct. 24 as heavy and...
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Over 48m tons of goods loaded, unloaded in ports of Hormozgan in H1

As announced by a provincial official, 48.5 million tons of goods were loaded and unloaded in the ports of southern...
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First-of-its-kind Study Finds JIT Dramatically Cuts Emissions

Today, all stakeholders agree that the decarbonization of shipping is a key priority. We are united in working toward the...
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Orders For Inert Gas Systems Soar As Shipowners Look Towards Meeting New Emissions Targets

Survitec’s Maritime Protection brand has registered a significant increase in orders for Inert Gas (IG) systems over the past two...
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Finally emission-free cargo ship in the water: The conversion of De Tukker into a sailing cargo ship is not without its setbacks

With the vision of solving the problem of shipping pollution, the EcoClipper cooperative bought a large sailing ship with overdue...
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Baltic index falls to over 1-month low on weakness across vessels

The Baltic Exchange’s dry bulk sea freight index (.BADI), which tracks prices for ships carrying dry bulk commodities, fell to...
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Pantheon Tankers Management “Sea Onyx” and “Sea Sapphire” delivered with DNV class

Two new suezmax tankers, ‘Sea Onyx’ and ‘Sea Sapphire’, were recently delivered to Pantheon Tankers Management Ltd, both registered with...
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Lack of Tonnage Keeps Hampering the Ship Recycling Market

The ship recycling market is “hungry” for more vintage tonnage, which is rather scarce at present, while the industry’s focus...
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Global maritime SAR community honoured as IMRF reveals winners of annual awards

The International Maritime Rescue Federation (IMRF) has announced the winners of this year’s IMRF Awards, which recognise all those involved...
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Euronav contracts two new Suezmax vessels for 2024 delivery

Euronav NV announces that it has entered into an agreement with Daehan Shipbuilding Co. Ltd. for two Suezmax newbuilding contracts....
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MOL Signs ‘Women’s Empowerment Principles (WEPs)’

Mitsui O.S.K. Lines, Ltd. yesterday announced its endorsement of the Women’s Empowerment Principles (WEPs) (Note 1) and signed a statement...
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Samskip confirms 90% cut in ship CO2 emissions

New agreement with GoodFuels consolidates position of biofuels as key component in Samskip’s strategy for decarbonization in shipping Samskip has...
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NYK to Participate in Joint Study to Convert Organic Materials Processed aboard Oceangoing Vessels into Fuel

Astomos Energy Corporation (Astomos Energy), Sustainable Energy Development Co. Ltd. (Sustainable Energy), and Nippon Yusen Kabushiki Kaisha (NYK) have agreed...
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