News Flash
Should crude tanker owners start trimming spot exposure?
Crude tanker owners are enjoying a dream run in charter rates as stretched voyages due to the Russia-Ukraine War and...
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DP World Romania doubles container shipping capacity in Black Sea port
DP World Romania has more than doubled its container shipping operating capacity in the Black Sea port of Constanta following...
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China Merchants Energy Tech strike deal with Union Maritime Ltd to supply BAR Technologies WindWings® for new MARIC designed LR2 tankers at New Yangzi Shipbuilding
Emer International Limited, a subsidiary of CM Energy Tech Co., Ltd (CM Energy), has signed two contracts with Union Maritime...
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Asia Fuel Oil-Visco spread narrows; market eyes South Asia tenders
Asia’s viscosity spread for cst High Sulphur Fuel Oil (HSFO) narrowed further on Tuesday, while the market eyed several South...
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South Korea Bolsters Shipbuilding Industry with $10.75 Billion Financial Support
In a significant move to bolster South Korea’s shipbuilding industry, Minister of Trade, Industry and Energy Ahn Duk-geun and Financial...
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Healthy TEU Volumes at U.S. Ports Amid Softening Industrial Demand
Cushman & Wakefield’s (NYSE: CWK) latest report on U.S. Ports shows 13 key port-proximate industrial real estate markets have experienced...
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SRC and GREEN MARINE join forces to bring Methanol Superstorage to market
SRC Group and GREEN MARINE have signed a collaborative agreement which brings two of the strongest advocates of methanol as...
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ENGINE: East of Suez Bunker Fuel Availability Outlook
Singapore and Southeast Asia Lead times for VLSFO in Singapore have fluctuated lately, with most suppliers now indicating up to...
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Tymor Marine formalises partnership with Mercy Ships
Tymor Marine, a maritime technology and naval architecture consultancy based in Aberdeen, UK, has signed a Memorandum of Understanding (MoU)...
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Baltic index hits more than one-month high as capesize rates rise
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose to its highest...
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Dry Bulk Second Hand Ships in High Demand
Demand for second hand bulkers has been quite strong since the start of 2024. In fact, according to the latest...
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Solis Marine confirms raft of appointments across the company’s UK and Singapore businesses
Solis Marine has announced a series of appointments across its UK and Singapore based businesses as the companies scale their...
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FBX Index June 2024: Looking forward
In May, the FBX index exhibited a consistent upward trend. The index commenced at $2,409 and concluded at $3,508 by...
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Industry leaders call on governments to recognise impact of increasing protectionism globally at leading Summit in Montreal
The International Chamber of Shipping (ICS) and the Chamber of Marine Commerce, Canada (CMC) convened over 120 industry leaders from...
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Red Sea diversions and slower ports cause bigger-than-expected issues – will they last?
Since early May, shippers, forwarders/NVOs, ocean carriers and ports have experienced a return to capacity challenges, soaring spot freight rates,...
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Insightful WISTA Hellas Seminar on “A People-Centered Decarbonization Concept Beyond Sea Level Boundaries” within the framework of the METAVASEA project held at Posidonia 2024
On Thursday, June 5, within the framework of the METAVASEA project, we proudly hosted an insightful seminar titled “A People-Centered...
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Philippine captain vows to return to sea after Houthi attack
The Philippine crew of a vessel attacked by Yemen’s Houthi militants was repatriated to the Philippines from Bahrain on Monday,...
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S. Korean companies encounter heightened challenges amid prolonged Russia-Ukraine conflict
As the war between Russia and Ukraine drags on, South Korean companies are increasingly grappling with the extended “Russia risk.”...
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Baltic Index Flat As Gains In Smaller Vessels Offset Weaker Capesize
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, was steady on Monday...
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OrbitMI giving sense of direction to navigate ‘confusing’ digital landscape for healthy tech adoption
The maritime software market is brimming with a raft of vendors offering a slew of technologies for data-driven operational efficiencies...
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