News Flash

Risky salvage of Sounion tanker to restart in Red Sea this week, sources say

Experts will this week resume a risky operation to salvage the Sounion tanker which was attacked by Yemen’s Houthis in...
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Bearish oil price view looms over LNG trading and contracting activity

US elections watched closely for impact on foreign policy A bearish oil price view for 2025 is likely to have...
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Vale bumps up 2024 iron ore production forecast, shares rise

Brazilian miner Vale on Wednesday bumped up its forecast for iron ore output this year after a stronger-than-expected first half,...
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Oceanic Partners with VIKAND to Provide Mental Health Training to Officers

Global marine services provider Oceanic, through its SeaMedzą Medical Solutions, will offer VIKAND's mental health training programs as an integrated...
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Weathernews and Lauritzen Bulkers sign new 3-year contract for enhanced maritime solutions

Weathernews, a global leader in weather intelligence and maritime solutions, is pleased to announce a new 3-year TFMS (Total Fleet...
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ABB permanent magnet shaft generator technology to power 15 LNG carriers for Qatar Energy

ABB has won an order from Samsung Heavy Industries Co. Ltd. (SHI) to equip 15 liquified natural gas (LNG) carriers...
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LNG buyers flag US supply risks after export pause

Major buyers of liquefied natural gas (LNG) flagged risks of purchasing cargoes from the United States following the decision by...
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UK cracks down on illicit ‘shadow fleet’ transporting Russian oil globally

The UK has today (11 September) sanctioned to vessels operating as part of Putin's 'shadow fleet, in the latest crack...
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Asia Fuel Oil-HSFO spot premium hits over a year’s high; KPC offers HSFO for October

Spot premium for 360-cst high sulphur fuel oil (HSFO) was at more than a year's high as of Wednesday, while...
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All eyes on APPEC as crude tanker freight rates soften further

As APPEC kicks off there have been various reports and thought pieces expressing a doubtful tomorrow for the world's oil...
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Baltic index gains as larger vessel rates rise

The Baltic Exchange's main sea freight index racking rates for ships carrying dry bulk commodities rose on Wednesday, supported by...
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Anemoi awarded DNV Type Approval for 5x35m Rotor Sail design

Wind-assisted propulsion systems developer Anemoi Marine Technologies has secured a Type Approval Design Certificate from classification society DNV for its...
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Maritime leaders’ confidence on the rise amidst increased geopolitical risk

Data from the ICS Barometer Report 2023-2024 – launched today – has demonstrated the positive impact that improved clarity from...
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Asia Distillates-Jet fuel market bustling as traders’ prompt purchases continue

Asia's middle distillates markets saw some upbeat market activity on the jet fuel front, though gasoil discussions remained muted and...
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Opsealog report advocates for data standardisation to accelerate the value delivered by maritime digitalisation

Opsealog, a provider of data integration and analysis services for the maritime and offshore industry, has published a new white...
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Maersk and Hapag-Lloyd announce two ocean network options with equal industry-leading schedule reliability

In February 2025, Maersk A/S (Maersk), an entity under A.P. Moller – Maersk, and Hapag-Lloyd AG (Hapag-Lloyd) launch their operational...
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September Import Cargo to Remain Elevated Ahead of Possible Port Strike

The nation's major container ports are expected to see another busy month in September ahead of a potential labor strike...
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Secretary-General Stresses Safe Navigation for Seafarers Anchoring Crucial Shipping Industry ‘Must Not Be Compromised’, Marking World Maritime Day

Following is UN Secretary-General António Guterres’ message for World Maritime Day, observed on 26 September: Shipping is vital to keeping...
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Emissions and fuel use slashed in SulNOx generator trial

SulNOx, the greentech innovation company helping industry reduce emissions, lower fuel costs and meet sustainability targets, is pleased to announce...
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OceanScore calculates €175m potential costs for Greek shipping with FuelEU Maritime

Greek shipping companies are set to face a total bill of over €175m in penalties incurred under FuelEU Maritime after...
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