News Flash

Beware a potential flaw in index-linked ocean container shipping contracts, which could cost millions of dollars

Index-linked contracts are becoming increasingly popular in ocean freight container shipping, but some contain a potential flaw that could cost...
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China’s oil imports from Russia fall to seven-month low

Russia’s crude oil exports to China in May fell to a seven-month low, official data showed on Thursday. Supply via...
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Singapore to seek compensation from ship owner for oil spill, media reports say

Singapore will seek compensation for the costs incurred in an oil spill last week from the owners of the stationary...
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New Monna Lisa Vessel to Cut Tonnes Of CO2 And VOC Emissions By Opting For International® Marine Coatings Solutions

International®, AkzoNobel’s marine coatings brand, has today announced that a new cable-laying vessel, the Monna Lisa, owned by Prysmian, is...
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India approves $9-billion port to boost trade with Europe

India’s cabinet approved the development on Wednesday of a new deep-water port that the government said will be a crucial...
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Emanuele Grimaldi re-elected as Chairman of the International Chamber of Shipping

The International Chamber of Shipping (ICS) Board of Directors has unanimously re-elected Emanuele Grimaldi, President and Managing Director of Grimaldi...
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Day Of The Seafarer: Health Tips To Support Safety At Sea

The Day of the Seafarer (25th June) recognizes the vital contribution made by seafarers from all over the world to...
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Asia Fuel Oil-HSFO softens; inventories extend gains for fourth week

Asia’s 380-cst High Sulphur Fuel Oil (HSFO) market weakened on Thursday as a lower-priced trade emerged, while inventories at key...
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New IMO guidance for managing challenging ballast water quality

At its 81st meeting in March 2024, the IMO MEPC adopted Resolution MEPC.387(81), with interim guidance for ships operating in...
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Baltic index hits more than one-month high on strong capesize demand

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, hit more than a...
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Nippon Paint Marine’s FASTAR coating wins the Environmental Technology Award from the Japan Chemical Industry Association

Nippon Paint Marine, a coatings leader for the maritime industry, has announced that FASTAR, its premier antifouling solution, has won...
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Hempel’s high-performance marine coating solution, Hempaguard, receives DNV validation

Hempaguard X7’s decarbonization efforts in the maritime industry are now third-party verified, and its impressive impact on fuel savings and...
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Wärtsilä propulsion solutions expected to deliver 5% fuel savings for International Seaways tankers

Technology group Wärtsilä today announced it will supply its EnergoFlow and EnergoProFin propulsion solutions to four Medium Range (“MR”) tankers...
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ePropulsion Offers Ultimate MFD Compatibility with New Smart Gateway

ePropulsion, a global leader and market innovator in marine electric propulsion systems and services, announced today the ultimate Multifunction Display...
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Weather news further enhances Sea Navigator platform with powerful new tools

In line with its focus on continuous improvement of its cloud-based Sea Navigator voyage-optimization solution, Weather news Inc launched two...
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Shipping industry calls for action following the attack on the MV Tutor and cargo ship Verbena

The shipping community is appalled and deeply saddened by the tragic news that yet another seafarer seems certain to have...
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AI tools key to the ‘urgent action’ needed to meet IMO climate targets

Yarden Gross, CEO and Co-founder of maritime technology start-up Orca AI, champions the rapid but responsible deployment of smart, cost-effective...
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Asia Fuel Oil-Spot 180-cst premium weakens; India sales tenders awarded

The spot cash premium for 180-cst High Sulphur Fuel Oil (HSFO) remained under pressure on Wednesday, while outcomes for recent...
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Auramarine signs representative agreement with HAGEDORN Products & Systems GmbH and HAGEDORN Service & Engineering GmbH, Germany

Auramarine Ltd, the renowned provider of fuel supply systems for the marine, power and process industries, has announced that it...
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Baltic index snaps 5 sessions of gains as larger vessel rates dip

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, snapped a five-session winning...
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