News Flash

Iron ore extends gains on sustained China demand, property stimulus

Iron ore futures prices rose for a second straight session on Wednesday, aided by a wave of buying in China’s...
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U.S. crude imports touch two-year high despite lukewarm demand

U.S. crude oil imports last month rose to a nearly two-year high as refiners scooped up heavy crudes from Canada...
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Cargotec updates its outlook for 2024 due to the completion of the Kalmar demerger

Cargotec Corporation (“Cargotec”) announced on 26 June 2024 that Cargotec’s Board of Directors has decided to complete the partial demerger...
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Samsung Heavy launches mega-sized LNG carrier

energy company Venture Global LNG announced on June 26 that Samsung Heavy Industries had launched its mega-sized LNG carrier named...
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KVH Signs Pooled Data Agreement with Starlink

KVH Industries, Inc. (Nasdaq: KVHI), today announced a greatly expanded relationship with Starlink through a bulk data distribution agreement with...
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ZeroNorth and Hapag-Lloyd collaborate on bunker procurement and planning solution to propel industry forward

ZeroNorth and Hapag-Lloyd have yesterday announced a new strategic partnership aimed at launching an industry leading bunker procurement and planning...
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Asia Fuel Oil-VLSFO extends climb; hi-5 spread widest in more than five weeks

Asia’s Very Low Sulphur Fuel Oil (VLSFO) market continued its rebound for a second consecutive day on Wednesday, while the...
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Ship owners facing significant emission bills under EU-ETS without proper management, warns Oceanly

The integration of the shipping sector into the European Union Emissions Trading System (EU-ETS) marks a pivotal step towards a...
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Higher Tariffs To Harm US Consumers And Exporters; Economic Decoupling From China Unlikely, Experts Reveal

Ramping up US import tariffs or attempting to decouple the US economy from China will most damage US consumers, retailers...
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Baltic index gains on strong capesize demand

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose on Wednesday on...
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HMM and CargoX partner to introduce an integrated solution for global electronic BL service to HMM customers

HMM, Korea’s largest and the world’s eighth-largest container carrier, has announced a strategic partnership with CargoX, a leading provider of...
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IMarEST gives back to the seafarer community with special membership fees

The Institute of Marine Engineering, Science & Technology (IMarEST) celebrates International Day of the Seafarer by announcing a special membership...
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India and China top buyers of Russian fuel oil in May, LSEG data shows

India and China were the top destinations for Russian Seaborne Fuel Oil and Vacuum GasOil (VGO) exports in May, traders...
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Russia’s July western port oil loadings to fall 23% m/m, sources say

  In July, Russia will cut oil exports via its western ports to 1.5 million barrels per day (bpd), down...
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Inmarsat Maritime Whitepaper Recommends Holistic Approach to Cyber Security Ahead Of New IACS Requirements

Inmarsat Maritime, a Viasat company, has launched a white paper urging maritime organisations to strengthen their cyber defences – as...
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Asia Fuel Oil-VLSFO premium rebounds to three-week high

Spot premiums for Very Low Sulphur Fuel Oil (VLSFO) climbed to a three-week high on Tuesday as firmer bids emerged...
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Höegh Autoliners secures fuel savings and long-term CII compliance with Accelleron and Hanwha engine part-load optimization

Hanwha and Accelleron have performed an Engine Part Load Optimization (EPLO) for Höegh Autoliners supporting long-term energy efficiency for its...
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Boers Crew Services highlights the importance of the journey of the maritime professional as the industry joins together to celebrate the Day of the Seafarer

A crewmate who has just completed his term as the IMO Goodwill Ambassador is shining a light on the importance...
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Blue World completes successful testing of 200 kW maritime fuel cell system to run on green methanol

After months of preparation, Blue World Technologies is proud to announce the successful testing of the world’s first 200 kW...
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Baltic index hits two-week low as larger vessel rates dip

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell to its lowest...
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