News Flash

Methanol Engines Continue Rise with Major Order

Hyundai’s shipbuilding division (HHI-SBD) has ordered 6 × MAN B&W G95ME-C10.5-LGIM dual-fuel main engines in connection with the construction of...
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NYK Presents Its Efforts for the Introduction of Ammonia as Marine Fuel at Two International Conferences

NYK recently participated in two conferences held as part of Tokyo GX Week* to talk about the possibility of a...
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DHL: Ocean freight rate moving towards manageable levels

The DHL Ocean Freight Market Update report is now available. Below are highlights of the latest developments of the global...
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Dozens of LNG-laden ships queue off Europe’s coasts unable to unload

Dozens of ships carrying liquefied natural gas (LNG) circling off the coasts of Spain unable to secure slots to unload...
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Shipping Confidence Drops From Historic Highs

The last time we took the Shipping Confidence survey to market, Russia had not yet invaded Ukraine. This edition of...
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Gains for larger vessels perk up Baltic dry bulk index

The Baltic Exchange’s dry bulk sea freight index (.BADI), tracking rates for ships carrying dry bulk commodities, rose on Tuesday...
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Orders for LNG ships surge as demand rise from energy-starved Europe

China’s shipbuilders, accounting for about a 50-percent global market share, are working around the clock to provide much-needed liquefied natural...
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AD Ports Group Conducts Workshop on Marine Ecosystems across Red Sea and Arabian Gulf

Enhancing commitment to exploring the marine ecosystem of the Red Sea, specifically its coastal coral reefs, representatives of AD Ports...
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Port of Antwerp-Bruges: slight growth despite ongoing challenges

After nine months, the total throughput of Port of Antwerp-Bruges was 217.4 million tonnes, a slight increase of 0.8% compared...
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Ports decongestion to avert price hikes: solon

A lawmaker on Monday said decongesting ports and ensuring faster shipping of goods would avert price hikes in provinces. Quezon...
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U.S. approves LNG shipping waiver for Puerto Rico after hurricane

The Biden administration late on Sunday approved a waiver of U.S. shipping rules to address Puerto Rico’s urgent need for...
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Rosneft moves into tanker chartering as EU ban looms

Russia’s biggest oil exporter Rosneft has expanded its tanker chartering business to ease oil shipments for buyers amid looming Western...
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Baltic index ticks up on gains in larger vessels

The Baltic Exchange’s dry bulk sea freight index (.BADI), tracking rates for ships carrying dry bulk commodities, rose on Monday,...
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LR to investigate Pilbara potential for ammonia bunkering

Lloyd’s Register (LR), the global professional services organisation specialising in maritime engineering and technology solutions, has been selected to undertake...
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CB&I joins Daewoo shipyard project to apply liquid hydrogen storage tanks to ships

CB&I, a U.S. designer and builder of storage facilities, tanks and terminals, joined hands with a major South Korean shipyard...
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Wärtsilä to integrate Voyage business with Marine Power to strengthen end-to-end offering and to accelerate turnaround

Wärtsilä Corporation strengthens its lifecycle offering by integrating the Voyage business into Marine Power as a business unit. The President...
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India: ‘Import of thermal coal in the country to be completely stopped by 2024-2025’

Import of thermal coal in the country will be stopped completely by 2014-25, said Union minister of coal and mines...
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Shipping market outlook – Container vs Dry bulk: Q3 2022 update

Volatile path to lower freight rates in near term before recovering in late 2023 with regulation impact on supply and...
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Dry Bulk Market Softens This Week

Capesize The Capesize market softened this week as a lack of fresh cargo and activity, particularly in the Atlantic hampered,...
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Bangladesh: Shipbreaking slumps by half amid lower imports

Scrap vessel imports slumped by half in the first nine months of the year as Bangladesh Bank is discouraging lenders...
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