News Flash

Newbuilding Prices Climb 3% To Highest Level In 16 Years

Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their...
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Berg Secures Louis Dreyfus Armateurs Propulsion Package for Wind-Assisted Airbus Ro-Ro Vessels

BERG Propulsion has won a contract covering the hybrid propulsion solution that ensure three wind-assisted Louis Dreyfus Armateurs (LDA) Ro-Ro...
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Asia Fuel Oil-HSFO Market Recovers; VLSFO Capped by Ample Supply

Asia’s High Sulphur Fuel Oil (HSFO) firmed slightly this week, while benchmarks for Very Low Sulphur Fuel Oil (VLSFO) remained...
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TES and “K” LINE Partner for Sustainable Maritime Shipping Solutions

Tree Energy Solutions (TES), a global green energy company leading the way in the production of e-NG (electric, natural gas...
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US Importers Caught In A Vicious Circle As Labor Union Strike Threat Raises Fears Of Soaring Freight Rates And Massive Disruption At US East And Gulf Coast Ports

Threat of strike action at US East and Gulf Coast ports may see importers accelerate efforts to protect ocean supply...
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Port Congestion, Far East

This week’s chart visualizes the 14-day moving average of actual port days for energy cargo at Far Eastern ports, comparing...
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Rhine In South Germany Reopens to Shipping As Water Levels Fall

The river Rhine in South Germany reopened to cargo shipping on Wednesday after being closed by high water on Tuesday,...
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IMO Mandates That Containers Lost at Sea Must Be Reported

A step forward for international maritime safety occurred in London recently during the meeting of the International Maritime Organization’s Maritime...
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Shipping Container Prices Soar By 26% In Singapore, Leasing Rates Double

Recent data from Container xChange indicates a significant impact of congestion on the average container prices and leasing rates at...
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Baltic Index Inches Up As Panamax Gains Offset Capesize Losses

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, edged higher on Wednesday...
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Konecranes powers up for the future by expanding its electrified portfolio and redefining operations between ship and container stack technology

Konecranes today announced a number of Port Solutions portfolio launches that reinforce its innovation and technology leadership in material handling....
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SeaLead Launches Liner Shipping Service Connecting China, South Korea and US West Coast

SeaLead announces the commencement of its new direct liner shipping service, linking China with South Korea and the US West...
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IMO to open regional office in Fiji to serve the Pacific

IMO will open its seventh Regional Presence Office, in Suva, Fiji, to serve countries and territories in the Pacific Islands...
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Saudi crude oil exports to China to fall for 3rd straight month in July, sources say

Saudi crude oil exports to China will fall in July for a third straight month to about 36 million barrels...
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ScanReach Launches Gas Detection Capabilities for Enhanced Onboard Safety

ScanReach, a pioneer in maritime IoT solutions, announces the launch of its Fire Risk & Onboard Safety domain, enhancing onboard...
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Houlder showcases innovative methanol bunkering vessel design in SPINE project

Houlder, the design and engineering consultancy with sustainability at its core, is pleased to announce significant progress in its involvement...
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Seamar Management invests in FuelOpt™ of Manta Marine Technologies

Seamar Management S.A. is taking a significant step forward in its ongoing commitment to provide sustainable shipping services by partnering...
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Hapag-Lloyd sees no immediate Suez passage even if ceasefire reached now

German shipping company Hapag-Lloyd does not anticipate the shipping industry to resume sailing through the Suez Canal anytime soon, even...
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Asia Fuel Oil-Spot premiums rangebound, cracks inch slightly up

Spot premiums for fuel oil were rangebound in Asia on Tuesday as the market continued to eye upcoming supply loadings...
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Baltic index hits one-week low as capesize rates dip

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