News Flash
Flexibility and Future-facing: Ingredients for A Positive Maritime Industry Outlook
GP General Procurement Company Limited (GENPRO) was delighted to welcome trade and logistics expert Dr. Jan Hoffmann as its keynote...
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Iron ore extends gains; falls for a third week on China demand woes
Iron ore futures rose for a second straight session on Friday, supported by higher-than-expected hot metal output, although demand concerns...
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The Valencia Containerised Freight Index (VCFI) decreases in May by -12.98%
The Valencia Containerised Freight Index (VCFI) for the month of May decreases in a scenario in which the activity of...
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GAC to acquire Quadrant Pacific’s ship agency business
GAC Group, a leading provider of shipping, logistics and marine services in the Asia-Pacific market, has entered into an agreement...
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TECO 2030, BLOM Maritime and Samskip receive ENOVA grant to retrofit Samskip LNG Vessel with fuel cells and hydrogen fuel
TECO 2030 together with BLOM Maritime and Samskip receive a grant for a pre-project aiming to retrofit Samskip’s vessel Kvitnos...
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INTERCARGO condemns deadly attacks on bulk carriers
Following news that a seafarer has died and another has been seriously injured in the latest Houthi attacks on merchant...
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Rescue underway for crew of Greek-owned vessel hit by Houthis, Philippines says
The crew of a Greek-owned vessel Tutor that was damaged in an attack by Yemeni Houthi militants in the Red...
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Asia Fuel Oil-Markets end week on largely stable note
Fuel oil benchmarks were broadly stable in Asia on Friday, with cash premiums and crack spreads rangebound through the week....
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Spot rate growth slows but ocean container shipping market will remain extremely challenging
Ocean freight container shipping spot rates are set to increase further, but there are signs the recent dramatic growth may...
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Baltic index logs weekly gain on higher rates for smaller vessels
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose for the third...
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Oil dips in see-saw session; eyes on US economic data and Fed
Oil prices dipped slightly on Thursday in up-and-down trade, pressured by rising U.S. crude and fuel supplies and expectations of...
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Seanergy Maritime Announces Successful Delivery of a Japanese Capesize Vessel and Two New Time Charter Agreements with Costamare Bulkers Inc.
Seanergy Maritime Holdings Corp. announced today the delivery of a previously-announced Capesize vessel acquisition, the M/V Iconship (the “Vessel”), and...
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Port Of Los Angeles May Cargo Volume ‘Strong, Consistent’ At 753,000 Container Units
The Port of Los Angeles processed 752,893 Twenty-Foot Equivalent Units (TEUs) in May. While that represents a slight 3% decline...
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Baltimore’s busy port fully reopens after bridge collapse, and a return to normal is expected
Commercial shipping traffic through the Port of Baltimore is expected to return to normal levels next month, officials said, after...
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Russian Client Unilaterally Scratches off Big Order to Samsung Heavy Industries
Samsung Heavy Industries has been hit by sanctions against Russia following the Russia-Ukraine war. The company’s order worth 4.85 trillion...
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Posidonia 2024 Bids Farewell to Record Number of Participants, Renews Rendezvous for 2026
Posidonia 2024 has already gone down in history as the best-attended in the biennial event’s 55 years of existence, and...
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U.S. East Coast port union strike threat to test shippers’ nerves
Labor talks at U.S. ports on the East Coast and Gulf of Mexico are a looming risk for retailers, manufacturers,...
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Kongsberg Maritime announces groundbreaking, fuel efficient bulker design
Kongsberg Maritime has unveiled its radical new ‘Super-Efficient Bulker’ vessel design concept. The new design is set to redefine industry...
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Asia Fuel Oil-Benchmarks rangebound while Singapore inventories climb
Singapore fuel oil benchmarks were rangebound on Thursday, while onshore inventories recovered for a third straight week. Cracks for the...
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Baltic index hits near 1-month peak on strong vessels demand
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, hit a near one-month...
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