News Flash

Three Partners, 48 Hours, One Mission: Hacking Into Future Potential At Nor-Shipping

Astrup Fearnley, Veracity by DNV and Microsoft Norway joined forces at this year’s Nor-Shipping to demonstrate how digital innovation can...
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Mongolia Exports Over 11 Mln Tons Of Coal In First 7 Months

Mongolia exported 11.1 million tons of coal in the first seven months of this year, data from the Mongolian Customs...
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U.N. Expects ‘Big Uptick’ In Ships Wanting To Export Ukraine Grain

The United Nations expects a “big uptick” in ships wanting to export Ukraine grain through the Black Sea after transit...
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Iron Ore Advances On China Restocking, Speculative Buying

Dalian and Singapore iron ore futures advanced on Thursday, as restocking and speculative buying underpinned spot prices in top steel...
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Dry Bulk: Freight Rate Market Could Be Heading For A Rebound In The Coming Weeks

The dry bulk market could be heading for a revival moving forwards. In its latest weekly report, shipbroker Allied Shipbroking...
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Delivery Of First Aframax Petroleum Tanker And Immediate Commencement Of Pool Employment

United Maritime Corporation, announced today the delivery of the previously-announced Aframax vessel acquisition, renamed M/T Parosea (the “Vessel”). The Vessel...
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India’s Trade Gap With UAE Widens As Oil Imports Rise

India’s trade gap with the United Arab Emirates ballooned fourfold in the May-June period, the first two months since the...
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Indonesia Blocks Exports From 48 Coal Miners As EU’s Russian Coal Ban Begins

On 9 August, the Indonesian Energy and Mineral Resources Minister announced that 71 coal miners failed to meet their domestic...
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Baltic Index Hits 6-Month Low As Rates Across Vessels Slump

The Baltic Exchange’s main sea freight index slipped to a six-month trough on Thursday pressured by losses across vessel segments,...
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Korea Shipbuilding & Offshore Engineering Receives $1.5B Order For Seven LNG Carriers

Korea Shipbuilding & Offshore Engineering (KSOE) received an order worth 1.96 trillion won ($1.5 billion) from an Asian shipper to...
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Greece To Exit EU’s ‘Enhanced Surveillance’ Framework After 12 Years

Greece will exit the European Union’s so-called enhanced surveillance framework on August 20, its finance minister said on Wednesday, a...
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Drydocks World-Dubai Signs Strategic Partnership With Silverstream Technologies To Drive Maritime Decarbonisation In The Middle East

Drydocks World-Dubai has today announced the signing of a strategic agreement with maritime technology company Silverstream Technologies to promote the...
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Bourbon Marine Services Greenmar (BMSG) Implements MarTrust’s E-Wallet Solution To Pay Their Seafarers And Support Seafarer Welfare

MarTrust, the leading global maritime payment solutions company and part of Marcura, today announced that Bourbon Marine Services Greenmar has...
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Mark W. Barker Bulker Operational With Thordon’s Robust Rivertough Bearing

Mark W. Barker, the first new U.S flagged Great Lakes bulker in almost 40 years, has successfully completed sea trials...
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MISC And Consortium Partners Ink Landmark Deal With Gatarenergy For Seven Newbuilding LNG Carriers

MISC Berhad (MISC) through its wholly-owned subsidiary, Portovenere and Lerici (Labuan) Pte Ltd (PLL), together with its consortium partners, namely...
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Low Rhine Water Levels Another Drain On Germany’s Economy

Already bracing for recession and winter energy shortages, German businesses are grappling with the lack of another precious commodity: rain.Weeks...
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Forto And Hapag-Lloyd Partner To Deliver Biofuel Alternative For Customers

Through a new partnership with Hapag-Lloyd, a leading global liner shipping company, Forto has launched a biofuel program for ocean...
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Midsize Crude, Product Tanker Earnings Boom On Trade Shifts: International Seaways

Earnings on voyages made by product and midsize crude tankers reached elevated levels in the second quarter of 2022, and...
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LNG Carrier Prices Nearing All-Time High

Prices of liquefied natural gas (LNG) carriers are skyrocketing. Analysts expect a further rise in LNG carrier prices as a...
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Russia Suspends Oil Exports Via Southern Leg Of Druzhba Pipeline Due To Transit Payment Issues

Russia suspended oil exports via the southern leg of the Druzhba pipeline from early August due to issues relating to...
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