News Flash

Baltic index logs best day in 18 months on capesize strength

The Baltic Exchange's dry bulk sea freight index .BADI jumped by more than 10% on Monday to register its best...
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Port, maritime services in Iran grow by 103%

Director General of Planning. Development, and Resource Management at Iran's Ports and Maritime Organization (PMO) said a 103 percent growth...
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Sinopec’s lower throughput target in H2 likely to cap China’s crude imports

China's state-owned Sinopec aims to lower its crude throughput by 1.6% in the second half of 2024 to 5.03 million...
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Ports begin screening for Mpox

WHO alert On 14 August 2024 the World Health Organization (WHO) declared the mpox (monkeypox) outbreak in parts of Africa...
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Maritime Connectivity Retail Revenues Amounted to $2.1 billion in 2023

"The Future of Maritime Connectivity - 2024". This is the fifth edition of the study, following our highly popular 2022...
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Potential oil spill detected in area next to Sounion tanker in Red Sea – Greece letter

A potential oil spill of 2.2 nautical miles in length has been detected in the area matching the location of...
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Global schedule reliability drops by -2.1 percentage points in July

Sea-Intelligence has published issue 156 of the Global Liner Performance (GLP) report, with schedule reliability figures up to and including...
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Asia leads in fuel oil imports from Nigeria’s Dangote, but volumes may decline

Asia has become the top destination for Nigeria Dangote refinery's low- sulphur straight run (LSSR) fuel oil exports in 2024...
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VLSFO Prices Are Close To Recent Lows And Could Be Even Lower Next Year

VLSFO prices have rebounded though they are still close to recent lows. Since February, Singapore VLSFO prices have traded within...
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VLCCS: Market Softens Yet Again

Clean LR2 MEG LR2's once again were subject to downward pressure this week. The TC1 rate for 75Kt MEG/Japan dropped...
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RM Propulsion’s Test Rig for Stern Tube Seals

After several years of development, RM Propulsion has completed its test rig for testing stern tube seals. Type approved Stern...
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The US broadens sanctions against Arctic LNG-2

On 23 August, one day before Ukrainian Independence Day, the United States' Department of the Treasury's Office of Foreign Assets...
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Indonesia seeks to import 900,000 metric tons of rice until year-end

Indonesia seeks to import another goo,ooo metric tons of rice until the end of this year amid expectations of lower...
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Cyprus mulls ending gas imports monopoly to address project delays, sources say

Cyprus wants to end a state monopoly over the import of natural gas in an attempt to find a quick...
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Samskip joins TECO 2030’s Horizon Europe project “HyEkoTank”

The HyEkoTank project is the world's largest ongoing fuel cell retrofit project, aiming to demonstrate zero-emission fuel cell and hydrogen...
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TMC wins large contract to equip 17 LNG vessels

HD Hyundai Heavy Industries has chosen TMC Compressors to deliver a complete marine compressed air system to each of the...
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ClassNK published estimated leak frequencies of ammonia fuel from onboard components for ammonia-fueled ships – For achieving reasonable and reliable risk assessment

ClassNK published estimated leak frequencies of ammonia fuel from onboard components for ammonia-fueled ships. usable for risk assessment. The estimated...
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COSCO SHIPPING builds twelve 14,000 TEU dual-fuel methanol container vessels

The new green-energy vessels feature state-of-the-art design and technology developed by COSCO SHIPPING and offer a large loading capacity especially...
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Industry leaders could surge ahead as smaller companies struggle with FuelEU compliance warns EmissionLink

This warning comes ahead of the 31st August deadline for shipping companies to prepare and submit their FuelEU Maritime Monitoring...
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Singapore’s LSFO arbitrage arrivals from West look to be marginally higher in Sep

Singapore's low sulfur fuel oil inflows from the West are expected to be marginally higher in September despite the West-East...
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