News Flash

Wartsila 25 engine with NextDF feature to minimise methane emissions for new Ibaizabal LNG Bunkering vessel

Technology group Wartsila will supply three Wartsila 25DF dual-fuel engines for a new 18,600 m3 capacity LNG Bunkering vessel being...
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UK” Course charted for carbon free shipping by 2050

Fuels of the future and shipping charge points in harbours are at the centre of a major new strategy to...
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Coastal Sustainability Alliance Signs Key LOIs and Showcases Singapore’s Largest Electric Supply Boat at Singapore Maritime Week 2025

The Coastal Sustainability Alliance (CSA), an industry collaborative effort led by Kuok Maritime Group (KMG), today signed two Letters of Intent (LOIs) on...
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Maritime industry needs regulatory action to meet decarbonisation and digitalisation goals

Lloyd’s Register’s Global Maritime Trends 2025 Barometer warns that fragmented regulation is undermining progress in decarbonisation and limiting investment. The...
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US crude stockpiles fall as refining continues to rise, EIA says

U.S. crude oil inventories fell last week as refiners continued to ramp up production, while gasoline and distillate stockpiles also...
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ClassNK Releases Benchmark Tank Test Data For Direct Load Analysis Programs Supporting The Development And Introduction Of New Vessel Types, Including Ultra-Large Container Ships

ClassNK has released benchmark tank test data that can be used as validation data for ‘direct load analysis programs’ to...
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Direct Ocean Capture tech-based carbon removal credits offtake agreement and strategic partnership with Captura Corp.

Mitsui O.S.K. Lines, Ltd. and Captura Corp., on Monday, March 24, have become the first company to sign a large-volume...
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Tankers with crude oil, gasoline arrive at Syria’s Baniyas: State media

Two tankers, one carrying 100,000 metric tons of crude oil and another carrying 5,600 tons of gasoline have arrived at...
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Russian oil freight rates from Baltic ports to India ease as more Western shipowners return

Freight rates for Russian oil supplies from its Baltic ports to India are declining from recent record highs amid an...
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CMB.TECH and MOL sign landmark agreement for nine ammonia-powered vessels

CMB.TECH NV is pleased to announce that it has signed an agreement with Mitsui O.S.K. Lines, Ltd. (“MOL”) and MOL...
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Lloyd’s Register expands advisory services to meet maritime industry’s evolving needs

This week, at Singapore Shipping Week, Lloyd’s Register (LR) will unveil its newly structured LR Advisory service, designed to help...
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HSFO cash premiums down for eighth straight session

Asia’s high sulphur fuel oil cash differentials remained week on Monday as oversupply concerns persisted. Singapore’s 380-cst HSFO cash premium...
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China’s Container Crisis: Falling Rates and Cooling Demand Concern Traders & Lessors

China’s container logistics businesses face mounting pressure as declining container prices and leasing rates caused by weak cargo demand strain...
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MEPC 83: “The Only Way To Drive Innovation In The Shipping Industry Is A Global Framework”

With the historical decision to be made at the upcoming 83rd meeting of the Marine Environment Protection Committee (MEPC 83)...
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Iranian oil tankers using forged Iraqi documents, Iraqi oil minister says

Iraq’s oil minister Hayan Abdel-Ghani has said Iranian oil tankers seized by U.S. forces in the Gulf were using forged...
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World’s 10 biggest public shipping companies top all time high profits of US$300bn in five years – but pay less than half average tax rate

New figures, released today from climate change NGO Opportunity Green in its latest report Global shipping: mega profits, micro taxes,...
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Trump’s fees on Chinese ships will hurt US companies, maritime executives to tell hearing

President Donald Trump’s plan to revitalize the U.S. shipbuilding industry is likely to backfire because it relies on proposed fees...
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Methanol holds edge over ammonia as green marine fuel alternative in near term: Proman

Ship owners are increasingly favoring methanol over ammonia as a marine fuel alternative despite both offering significant emissions reduction potential,...
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Rising rates across all segments push Baltic index to one-week peak

The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, rose to a...
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EU ban on Russian LNG transshipment could disrupt winter supplies to China

The upcoming EU ban on the transshipment of Russian LNG at EU ports could disrupt winter supplies from the Yamal...
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