News Flash

Container Shipping Companies Splurge on Newbuildings

The newbuilding market has been lit on fire as major container liners have moved forward with their newbuilding plans. In...
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Product Tanker Market Expected to Face Structural Shift

The product tanker market is already in Russian ban mode since February the 5th, when the EU import ban took...
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India says G20 presidency an opportunity to play key role in energy security efforts

India’s G20 presidency is an opportunity to lead efforts on ensuring global energy security, while keeping climate goals in mind...
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Blaze at Turkey’s Iskenderun port under control -maritime authority

A container blaze at Turkey’s southern port of Iskenderun has been brought under control, Turkey’s maritime authority said on Wednesday,...
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Overseas Demand Continues to Affect Cargo, Exports at Chinese Ports

China’s total cargo throughput was up by 3% yoy in 4Q22, while foreign trade cargo declined by 1% yoy at...
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TotalEnergies Marine Fuels, Hapag-Lloyd and Jurong Port Universal Terminal Kick-start First Biofuel Bunker Term Delivery in Singapore

TotalEnergies Marine Fuels has successfully completed its first refuelling of a Hapag-Lloyd container vessel in Singapore with sustainable, UCOME (Used...
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U.S. East Coast Port Workers Begin Early Contract Talks

Union locals that represent dockworkers at 36 ports from Maine to Texas have opened contract talks with employers well ahead...
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IMCA calls for offshore wind competitiveness programme

A week after launching the International Marine Contractors Association’s (IMCA’s) newly updated Renewables Contracting Principles (IMCA LCIC 014) with the...
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Supply chain experts: Post-Covid sourcing diversification will reshape trade and shipping flows

The diversification of product sourcing away from China in the post-Covid era as manufacturers and retailers seek more supply chain...
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Record 112m tonnes Indian wheat harvest not seen benefitting global supplies

“India is heading for the highest wheat harvest on record of 112 million tonnes this spring. However, exports will likely...
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Baltic index snaps 5-session losing run on higher capesize rates

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, snapped its five-day losing streak...
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Container Shipping Companies Splurge on Newbuildings

The newbuilding market has been lit on fire as major container liners have moved forward with their newbuilding plans. In...
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Columbia Group unveils ambitious plans for ground-breaking new digital platform to boost vessel performance

The operational performance of a vessel is set to be boosted with an innovative new digital solution designed to provide...
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Wärtsilä and Berge Bulk complete maritime industry’s first inline shaft generator retrofit

The technology group Wärtsilä has successfully retrofitted an inline shaft generator system on the ‘Berge Toubkal’, a cape-size bulk carrier...
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VLSFO market steadies; regional supplies ease

The 0.5% very low sulphur fuel oil market in Asia held steady on Tuesday as expectations of lower regional supplies...
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Wilhelmsen Ship Management and Affinity Shipping team up to launch full EU emissions reporting and trading services

Wilhelmsen Ship Management (WSM) and Affinity Shipping have signed a Memorandum of Understanding (MOU) to jointly establish an independent company...
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We Can Stop Duplicating Financing Fraud This Year, Says International Chamber Of Commerce United Kingdom As New Initiative Launched

The International Chamber of Commerce United Kingdom (ICC United Kingdom) has announced a new initiative to strengthen the UK finance...
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Ship-to-ship loadings of Russian Urals oil hit record in Med. in January

Ship-to-ship (STS) loadings of Russian Urals blend crude oil hit a record high in January in the Mediterranean as traders...
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New wave of sanctions to hit Clean Tanker market

A fresh round of EU sanctions on Russia that will include refined petroleum products are set to come into force...
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RightShip: Climbing cases of seafarer abandonment places profits above people as $40 million is lost in unpaid crew wages

Reported rates of seafarer abandonment show no signs of slowing, with current figures listing 9,925 men and women cast adrift...
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