News Flash

Demand for greener supply chain boosts PCTC newbuild market in China

Data from Clarkson shows this niche area is outperforming the rest of the shipping market, with 38 newbuild PCTCs ordered...
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Baltic index gains for third week on stronger capsizes

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, gained for the third straight...
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Brazil’s Iron Ore Exports Down During 2022

Demand for iron ore declined during 2022, bringing export volumes down in most major markets, Brazil included. In its latest...
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IMCA launches approval process for ROV introductory training courses

Following an increase in false certificates in circulation claiming to offer International Marine Contractors Association (IMCA) approved ROV training courses,...
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P&O ferries one year on: time for government to work with unions, not attack them

Nautilus International, the union for maritime professionals, has called on government to work with unions rather than attack them in...
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NYK Recognized as a Certified Health and Productivity Management Organization for Seventh Consecutive Year

For a seventh consecutive year, NYK has been recognized in the large enterprise category of the Certified Health and Productivity...
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Hempel joins IMO public-private partnership to help prevent biofouling on ships’ hulls

Hempel joins the International Maritime Organization (IMO’s) Global Industry Alliance (GIA) for Marine Biosafety to work with industry to support...
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“Coexistence is essential” as DNV report shows demand for ocean space will grow 5-fold by 2050

The collaboration between ocean industries will need to intensify for the rapid buildout of offshore wind and aquaculture to coexist...
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NYK and FueLNG Achieve First LNG Bunkering of PCTC in Singapore

Nippon Yusen Kabushiki Kaisha (NYK), a leading Japanese shipping company, and FueLNG, a joint venture between Keppel Offshore & Marine...
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FBX Index Fell 12% During February, Lowest Since August 2020

The Freightos Baltic Global index fell 12% to $1,946/FEU in February to a level last seen in August 2020, as...
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Record soybean harvest predicted despite Brazilian export decline of 31%

“Brazil’s soybean harvest is behind schedule due to heavy rain with exports down 31% y/y in the first two months...
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Baltic index climbs to 11-week high, led by capesizes

The Baltic Exchange’s main sea freight index rose to an 11-week high on Thursday as rates across larger vessel segments...
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Tankers: Russian Oil Is Replacing Iranian Oil’s Imports from China

China’s imports of Russian oil have been steadily growing, replacing Iranian crudes. In its latest weekly report, shipbroker Xclusiv said...
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MOL and VALE agree to install Two Norsepower Rotor SailsTM to an in-service Capesize Bulk Carrier

Mitsui O.S.K. Lines, Ltd. and Vale International SA have announced a partnership to retrofit a 200,000-ton class bulk carrier, currently...
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Wärtsilä to deliver its first CCS-Ready scrubber systems

Wärtsilä receives first CCS-Ready scrubber order, further propelling maritime decarbonisation. The technology group Wärtsilä has received its first order for...
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Shipowners urged to enhance data transparency for better IMO rules

Shipowners need to provide more operational data so that the International Maritime Organization can have a better regulatory framework around...
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The Seafarers’ Charity calls for increased support for the safety and welfare of women seafarers

Anew research report released on International Women’s Day shines a spotlight on the welfare needs of women working on cargo...
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IMO Sub-Committee on Ships Systems and Equipment (SSE 9)

The 9th session of the IMO’s Sub-Committee on Ship Systems and Equipment (SSE 9) was held from 27 February to...
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Capesize, panamax gains propel Baltic index to 14th straight rise

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose for the 14th...
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Performance Shipping Inc. Signs Shipbuilding Contract For The Purchase Of A Newbuild LNG Ready Tier III LR2 Product/ Crude Oil Tanker With Scrubber

Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, announced that it has signed, through...
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