News Flash

Wärtsilä cargo handling system again the choice for new Very Large Ammonia Carrier vessels

Wärtsilä Gas Solutions, part of technology group Wärtsilä, will supply the cargo handling systems for three new 93,000 m3 capacity...
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Windward and Dataminr Partner to Bring AI-powered, Real-Time Alerting to the Maritime Domain, Enabling Rapid Response

Windward, the leading Maritime AI™ company, today announced that it has partnered with Dataminr, one of the world’s leading AI...
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KR, Sinokor, and HD Hyundai Marine Solution Join Forces to Transform Ship Maintenance with Advanced CBM Technology

KR (Korean Register) has partnered with Sinokor Merchant Marine and HD Hyundai Marine Solution(HD HMS) to revolutionize ship maintenance through...
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Metis and Nereus Digital Bunkers announce strategic cooperation to optimise marine fuel management

Metis, a leader in digital solutions for fleet performance management, and Nereus Digital Bunkers, a maritime software company specialising in...
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Asia Fuel Oil-HSFO logs recovery as buying interest resurfaces

Asia’s high sulphur fuel oil (HSFO) market posted a recovery on Monday after more buying interest emerged on the derivatives...
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Korean shipbuilding faces lowest order rate in eight years

This year, Korea’s order ratio in the global shipbuilding market is expected to record the lowest level in eight years...
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Trade Tensions May Affect European and Middle East Seaports

Growing trade tensions and likely tariff increases by the incoming US administration may have negative implications for global trade, exacerbating...
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Stricken oil tankers show risks of Russia’s ageing ‘shadow fleet’

Russian authorities sought to limit the damage on Monday from oil spilled into the Kerch Strait by two ageing tankers...
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Other alternative marine fuels ‘toddlers’ compared to LNG: SEA-LNG chairman

Other alternative marine fuels can be considered “toddlers” compared to LNG, as the latter offers an immediate, low-risk and incremental...
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Baltic index rises on gains in capesize vessel segment

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Monday,...
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IEA still sees ‘comfortable’ oil market in 2025 despite raising demand forecast

The International Energy Agency raised its 2025 oil demand forecast by 100,000 b/d on Dec. 12 on expectations of stronger...
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China’s November crude oil imports recover, other commodities stay strong

It’s turning out to be a good week so far for China’s economy, with the outlook brightening amid pledges of...
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Dutch seaports and FERM launch nationwide cybersecurity platform

Digital attacks pose increasing risks to nautical and logistics processes in Dutch seaports. To deal with cyber threats, the Seaports...
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S. Korea: iM Securities predicts shipbuilding industry thrives amid exchange rate benefits

The domestic stock market experienced a correction due to the Dec. 3 martial law incident. The shipbuilding industry was no...
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President-elect Trump backs union in US Gulf-East Coast ports labor dispute

In a late-Thursday post on social media, President-elect Donald Trump expressed his support for dockworkers in the labor dispute between...
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Global thermal coal exports and power use to hit new highs in 2024

Global exports and use of thermal coal will reach all-timehighs in 2024, despite the record roll-out of renewable energy generation...
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International research consortium launches FUMES 2 to further quantify methane emissions from LNG shipping

The International Council on Clean Transportation (ICCT) announces the launch of FUMES 2 (Fugitive and Unburned Methane Emissions from Ships...
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Rising Trade Tensions May Affect Global Chemical Demand Growth

Rising trade tension risks could exacerbate the global chemical sector’s challenges, including pressure on margins, soft demand, and oversupply, Fitch...
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Shipping giant Maersk expects strong demand and ‘another year of disruption’ for global trade in 2025

The past year has been a strong one for North American import trade demand, and that should continue for both...
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VLCC Tanker Market Still Under Pressure

Clean LR2 An early flutter pushed the MEG LR2’s beginning of this week, only to be recorrected back to where...
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