News Flash

Dalian Iron Ore Extends Rally As China Industrial Profits Rebound

Dalian iron ore futures rose on Wednesday after data showed profits at industrial firms in China, the world’s top steel...
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Konecranes Plc: Strong Order Intake Continued In A Challenging Environment

Since the beginning of June, Service and Industrial Equipment have been focused under the same leadership. Following this change, Konecranes...
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Traffic Surge At ports A Sign Of India’s Economic Revival

Buoyed by higher demand for crude oil and imported coal, Indian ports recorded a growth of 11 per cent in...
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The Financing And Bankability Of Offshore Wind Vessels

INTRODUCTION“Many of the basic principles that apply to all maritime asset classes will apply to the offshore wind sector.”In our...
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International Maritime Industries And Hyundai Heavy Industries Expand Shipbuilding Partnership

International Maritime Industries (IMI), the largest shipyard in the MENA region, has expanded its partnership with Hyundai Heavy Industries (HHI)...
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NYK and Shin-Nippon Kaiyosha Start Japan’s First 100% Biofuel Supply Trial For Ships

Nippon Yusen Kabushiki Kaisha (hereinafter, NYK) and NYK Group company Shin-Nippon Kaiyosha Corporation (hereinafter, Shin-Nippon Kaiyosha) have started a test...
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Quadrise Fuels Signs Framework Agreement With MSC Shipmanagement Limited To Trial Alternative Bunker Fuels

Quadrise (AIM:QFI), the supplier of MSAR® and bioMSAR™ emulsion technology and fuels, providing innovative lower cost and lower carbon alternatives...
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Iranian tanker to retrieve oil cargo confiscated by US this week

An Iranian-flagged tanker anchored off Piraeus port is expected this week to retrieve part of its cargo which was confiscated...
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M/T SUVRETTA Becomes The First Vessel To Include Hull Coating Impact In EEXI Technical File Approved By DNV

NEDA Maritime Agency has entrusted DNV assessing the effect of low friction paint on the reference speed for the purpose...
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S&P Global Commodity Insights To Launch First Carbon-Accounted Tanker Assessments As Shipping Faces EU Trading System Carbon Coverage

S&P Global Commodity Insights announced it will launch daily Platts price assessments for freight emissions under the European Union’s Emissions...
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China’s Mooted End To Australian Coal Ban Will Have Zero Market Impact

Talk that China may end its unofficial ban on imports of Australian coal is unlikely to result in any significant...
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BSM’s Fleet Performance Centre Supports Owners To Meet Upcoming EEXI And CII Compliance

With new IMO regulations on Energy Efficiency Existing Ship Index (EEXI) and Carbon Intensity Indicator (CII) taking effect in 2023,...
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India’s June Crude Oil Imports Up On Demand Recovery, Russian Discounts

India’s crude oil imports in June rose nearly 21% from the same month last year, helped by a steady increase...
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Seahawk Investments: Dislocations Due To Russia Sanctions To Support Tanker Segments

Transportation and energy – two markets that have seen strong movements in recent months. Corona pandemic, supply chain issues and,...
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DSME Back To Work To Meet Ship Delivery After 51-Day Strike Ends

South Korea’s debt-ridden Daewoo Shipbuilding & Marine Engineering Co. (DSME) is skipping the regular summer break to keep up with...
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Civil Damage, Criminal Charge Issues Linger After DSME Strike

Civil damage claims of up to 800 billion won ($610 million) will continue to haunt the unionized subcontractors of Daewoo...
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Terminals At California’s Third-Busiest Port Resume Regular Hours On Monday

Marine terminals at California’s Port of Oakland opened for normal operations on Monday after port leaders and police ended a...
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Traders Turn To French Wheat For Pakistan As Black Sea Supplies Tighten

Traders bought up to seven shipments of French wheat aimed for Pakistan as part of a 300,000 tonne tender last...
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Iron Ore Scales Two-Week High On China Demand Hopes

Iron ore prices touched two-week highs on Tuesday, extending a rally on hopes that improving margins at Chinese steel mills...
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Egypt Proceeding With Plans For LNG Bunkering Operation At Suez Canal

Egypt’s state-owned energy company EGAS (Egyptian Natural Gas Holding Company) reports that plans are moving forward for the development of...
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