News Flash

Canada And United Arab Emirates First To Back Maritime Sector’s Green Fuel Initiative

Representatives of the maritime sector have officially launched an initiative to catalyze the supply of green fuels to support the...
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World Needs Maritime Trade To Brave Rough Seas Of Crises, UNCTAD Chief Says

The world again needs the shipping industry to brave the rough seas of crises, UNCTAD Secretary-General Rebeca Grynspan said on...
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Asia-US Container Rates Plunge As Inflation, Recession Fears Stunt Demand

Rates for shipping containers from east Asia and China to both US coasts continued to plummet this week as softening...
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Suezmax And VLCC Tonnage To Benefit From EU Imports Of Guyanese Crude

The increasing needs of crude oil imports into the EU, sourced from different markets to the Russian one, is bringing...
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Environmental Technologies In Focus On World Maritime Day 2022

The International Maritime Organization is shining a spotlight on the role of emerging technologies to support a green transition of...
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Lost At Sea: EU States’ €20 Billion Giveaway To The Shipping Industry

Executive SummaryThe European Commission proposed to include maritime shipping in its Emissions Trading System (ETS) in July 2021. The two...
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Tankers: VLCC Rates Climb Higher, While Products on the Retreat

Clean Freight levels in the Middle East Gulf continued to tumble this week. TC1 shed 30 points to end up...
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Dry Bulk Market: Capesizes Keep Rebounding

Capesize The market continued to lurch its way upward as rates strengthened in flurries with numerous drawdowns along the way....
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Indian National Convicted Of Corruption In Shipping Company Deals In Singapore

A 51-year-old Indian national was on September 22 convicted of seven corruption and related charges for committing the offences while...
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Port Of Antwerp-Bruges First Port To Introduce GDP Certificate For Distribution Of Pharmaceuticals

GDP guidelines now enshrined in certificateDomestic and foreign stakeholders from the Life Sciences & Healthcare sector gathered in Antwerp yesterday...
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Cosco Shipping Captive Joins The Poseidon Principles For Marine Insurance

The Poseidon Principles for Marine Insurance create a common global baseline for assessing and disclosing the alignment of marine insurance...
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The Standard Club PEME Scheme – Benefitting Members And Seafarers

Our PEME scheme is focused on ensuring that members receive seafarers’ PEME certificates that they can trust and that preventable...
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Furetank Orders Vessel 14 And 15 In The Climate Friendly Vinga Series

Furetank has signed a contract for two more dual-fuel tankers. This means that six sister ships have been ordered this...
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Maersk Drilling Secures Four-Well Contract Offshore Denmark

Maersk Drilling has been awarded a contract with INEOS E&P A/S for the provisioning of the harsh-environment jack-up rig Maersk...
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Depleted Rhine Water Level In Germany Holds Above Crisis Lows

Water depths on the river Rhine in Germany have fallen after dry weather this week but remain well above the...
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AAL Named Ship Operator Of The Year At The HLPFI Awards 2022

AAL Shipping (AAL) has been named the ‘Ship Operator of the Year’ at the annual Heavy Lift and Project Forwarding...
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Demand, Capacity And Spot Rates Slump On Key Far East To US West Coast Corridor

Carriers are fighting to shore up falling spot rates from the Far East to US West Coast, blanking some 1.5...
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China’s Coal Imports Disappointing So Far In 2022

In its latest weekly report, shipbroker Banchero Costa said that “so far in 2022, global coal trade has been a...
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India Set To Skip Buying Russia’s ESPO Crude In Sept As Freight Costs Jump

Indian refiners are set to skip purchases of Russia ESPO crude oil this month due to higher freight rates, turning...
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Clyde & Co Offering Puts Legal Expertise At Heart Of Fight Against Cyber Crime

Global law firm Clyde & Co has today announced the launch of a new end-to-end international offering to help organisations...
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