News Flash

Russian crude exports slide to six-month low as Indian flows slump

Russian crude exports fell 10% to a six-month low in May, according to tanker tracking data, after flows to India,...
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Performance Shipping Inc. Secures Charter Contract with Aramco for About 24 Months at US $41,000 per day

Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, today announced that, through a separate...
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Iron ore extends fall on softening China steel demand, bets of high supply

Iron ore futures prices extended their decline to a fifth straight session on Wednesday, pressured by faltering steel demand and...
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ABB introduces Optimal Speed Routing to help vessels enhance fuel efficiency and reduce emissions

ABB has introduced a new feature to its Routing Services portfolio that will allow vessel owners to manage fuel costs...
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SIRC & HEC Sign MoU at Posidonia 2024 As Deal-Making Takes Centre Stage at World’s Most Prestigious Shipping Trade Event

Business continued to flourish on the floor of the Metropolitan Expo Centre on the second day of Posidonia 2024, with...
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River Rhine in South Germany remains closed to shipping after rain

Parts of the river Rhine in South Germany were still closed to cargo shipping on Wednesday after heavy rain in...
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Asia Fuel Oil-HSFO rally pares, cracks retreat from recent highs

Asia’s High Sulphur Fuel Oil (HSFO) market eased on Wednesday, paring back from a recent rally that sent refining cracks...
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PPG announces partnership with RightShip

PPG yesterday announced a collaboration with RightShip, a digital maritime sustainability platform, as part of Rightship’s Zero Harm Innovation Partners...
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Capital Gas, Erma First & Babcock Collaborate On Carbon-Fit CCS System For The World’s Largest LCO2 Carriers

Capital Gas, Erma First and Babcock signed a Letter of Intent (LoI) to install a pioneering Carbon Capture and Storage...
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Baltic index hits three-week high on higher vessel rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, extended its gain on...
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KR and HD Hyundai Sign Business Agreement for Pilot Project of Cloud-based Next-Generation Smart Ship Solution

KR has signed an MoU with HD Hyundai to collaborate on the pilot project of a cloud-based next-generation smart ship...
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Diamond Line and Tarros announce new weekly PAE service

Diamond Line, COSCO SHIPPING Europe’s short-sea and feeder carrier, and Tarros Group are starting a new fast short-sea service from...
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Wilhelmsen Port Services Revolutionises Port Call Payments with Innovative Financing Model

Wilhelmsen Port Services announces the launch of a groundbreaking financial service that eliminates the need for prefunding of port calls...
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Tankerska makes digital leap forward through Metis and Kongsberg Digital collaboration

A collaboration between Metis, Kongsberg Digital, and Tankerska plovidba has significantly advanced the Croatian owner’s strategy of using real-time analytics...
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Asia Fuel Oil-VLSFO eases, spot trading flurry emerges

Asia’s spot market for Very Low Sulphur Fuel Oil (VLSFO) dipped on Tuesday after a flurry of spot trades emerged....
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Iron ore nears seven-week low as weak fundamentals weigh

Iron ore futures extended falls on Tuesday to their lowest levels in nearly seven weeks, as signs of weakening in...
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MAN Energy Solutions Signs MoU with Eastern Pacific Shipping on Ammonia Training Development

MAN Energy Solutions has signed a Memorandum of Understanding (MoU) with Eastern Pacific Shipping (EPS) at Posidonia 2024 International Shipping...
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Baltic index inches up on capesize gains

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, edged higher on Tuesday...
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ABS: MOU Signed to Use AI Technologies to Eliminate Ship Blind Spots

At Posidonia 2024, ABS signed a memorandum of understanding (MOU) with HD Korea Shipbuilding & Offshore Engineering Co., Ltd. (HD...
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Sanctioned tankers pose rising environmental risk in Mediterranean, Greece says

Unregulated tankers side stepping Western sanctions are posing a bigger risk to the Mediterranean region and Greece is undertaking more...
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