News Flash

Capital Product Partners L.P. Announces Approval of Corporate Conversion and Name Change as It Continues Its Strategic Pivot to The LNG and Energy Transition Business

Capital Product Partners L.P. (“CPLP”, “we” or “us”) (NASDAQ: CPLP), an international owner of ocean-going vessels, announces today the approval...
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Asia Fuel Oil-Cash Premiums Extend Slide But Bunker Prices Hold

Cash premiums for fuel oil continued to ease in Asia on Friday as offers dipped further, though downstream bunker premiums...
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International Chamber Of Shipping Launches New Hydrogen Demand Report

The International Chamber of Shipping (ICS) presented a new report, written by the Professor of Energy Economics at Biberach University...
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Petrobras Signs A Contract To Acquire Undersea Equipment For The Santos And Campos Basins

Petrobras has signed the first contract to acquire undersea equipment to start implementing the Atapu 2 and Sépia 2 projects....
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Tokyo And The Paris Memoranda Of Understanding To Launch A Joint Concentrated Inspection Campaign On Crew Wages And Seafarer Employment Agreements

The Member Authorities of the Tokyo and the Paris Memoranda of Understanding (MoU) on Port State Control will launch a...
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Panama Canal To Allow 36 Daily Transits By September

According to the company's release, consistently strong rains will allow the Panama Canal to accommodate 36 transits a day from...
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MOL Secures AiP For Wind Challenger-Equipped LNG Carrier Design

Mitsui O.S.K. Lines (MOL) has announced it has been awarded approval in principle (AiP) by Nippon Kaiji Kyokai (ClassNK) for...
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Russia’s August Western Port Oil Loadings To Rise 9% M/M, Sources Say

Russia will increase oil exports via its western ports to 1.95 million barrels per day (bpd) in August, up by...
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Asia’s Crude Oil Imports Drop In July As China Stays Weak

Asia's crude oil imports dropped to the lowest in two years in July as demand remained weak in top importer...
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Baltic Index Snaps 10-Session Losing Streak As Capesize Rates Gain

The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, snapped a 10-session...
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Red Sea crisis hits volumes at port of Piraeus

Piraeus reported that in June it experienced a decrease of 10.1% in containers handled, contributing to a broader 12.9% downturn...
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Wartsila to transfer its manufacturing site in Trieste, Italy to shipping company MSC

In July 2022, technology group Wartsila announced a plan to ramp down manufacturing in Trieste and to centralise its 4-stroke...
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Jones Act Investments Strong as JP Morgan Group is Latest in the Sector

Investor interest in the protected U.S. Jones Act shipping market is growing as demonstrated by the news that a group...
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China’s first 10,000 DWT methanol dual-fuel integrated electrically-propelled inland bulk carrier completes sea trial

On July 29, China’s first domestic 10,000 DWT methanol dual-fuel integrated electrically-propelled inland bulk carrier “Guoneng Changjiang 01” successfully completed...
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APSEZ kicks Off FY25 With A strong 47% PAT Growth In Q1

Adani Ports and Special Economic Zone Ltd (“APSEZ”) today announced its results for the quarter ending 30 June, 2024. “FY25...
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Havila Shipping ASA: Information on the development of the company’s debt

Information on the development of the company's debt Reference is made to previous statements, most recently in the interim report...
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Maersk Sees Red Sea Disruption Lasting Through 2024

The global transport disruptions caused by the conflict in the Red Sea will last longer than expected and won’t be...
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International Shipping Coalition launches “Beyond Methane Pledge”, calling on industry leaders to end LNG

Backed by seven key civil society organizations, the Say No to LNG global shipping campaign today launched the ‘Beyond Methane...
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Methane slip being eliminated as LNG uptake accelerates

Significant progress is being made to eradicate methane slip as uptake of the LNG pathway accelerates, and this is worth...
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ICS: Hydrogen has an important but not dominant role in net zero

The International Chamber of Shipping (ICS) presents a new report identifying hydrogen demand sectors, demand locations, and the demand-pull timeline....
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