News Flash

UK and US strike Houthi rebel targets in Yemen after surge in shipping attacks

According to Houthi officials, the airstrikes killed at least 16 people and wounded 35. The UK and the US struck...
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Asia Fuel Oil-HSFO margin closes at nine-month high

Asia’s refining margin for 380-cst High Sulphur Fuel Oil (HSFO) closed at a nine-month high on the last day of...
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Baltic Index Logs Monthly Rise on Strong Capesize Demand

The Baltic Exchange’s main sea freight index, tracking rates for ships ferrying dry bulk commodities, rose on Friday, marking a...
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Singapore Tuas Port to add three more berths to ease vessel wait time

Three new berths will start operations at Singapore Tuas Port later this year to tackle extended waiting times for ships...
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ABS and HD Hyundai Heavy Industries Sign JDP to Advance 3D Printing

Using a digital library for the design process and 3D printing, also known as Additive Manufacturing (AM), the consortium aims...
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HMM, Avikus and American Bureau of Shipping (ABS) Partner to Validate Fuel-Saving Autonomous Navigation Technology

HMM, South Korea’s largest shipping company, has teamed up with Avikus, a subsidiary of HD Hyundai specializing in autonomous navigation...
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Eastern Pacific Shipping partners with DeepSea Technologies for full fleet roll-out of AI performance solution

Eastern Pacific Shipping (EPS) has entered into an agreement with DeepSea Technologies to implement a comprehensive, fleet-wide deployment of DeepSea’s...
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ClassNK releases ‘Guidelines for Ships Using Alternative Fuels (Edition 3.0)’- adding safety requirements for hydrogen-fueled ships

ClassNK has released the ‘Guidelines for Ships Using Alternative Fuels (Edition 3.0)’. In addition to safety requirements for ships using...
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At INTERCARGO meetings in Tokyo, safety and decarbonisation were key issues for members

INTERCARGO, the International Association of Dry Cargo Shipowners, met in Tokyo last week for its Semi-Annual Meetings, and high on...
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Shipping’s new reality

After a period of relative stability spanning five decades, the industry finds itself grappling with a new reality. A maturing...
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World Fuel Services strengthens commitment to industry collaboration with key CIMAC appointment

World Fuel Services (World Fuel) announces that John Stirling, the company’s Director, Marine Technical, has accepted a key position at...
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Members of German Parliament Visit NYK Discussions included decarbonization strategy and ammonia fuel-related business

On May 29, eight members of the German parliament, all members of the Committee on Transport, including its deputy chairwoman,...
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New Director of Strategy and Energy Transition at IMCA

The International Marine Contractors Association (IMCA) has appointed a new Director of Strategy and Energy Transition, Lee Billingham. Billingham has...
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The Heavy Lift Group re-elects executives driving growth

The Heavy Lift Group has re-elected three key executive committee members and appointed a new member in its ‘stand by’...
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Iron ore falls to two-week low after China reiterates steel output control

Iron ore futures slipped to a two-week low on Thursday, undermined by fears of falling demand in top consumer China...
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Container throughput at China’s ports up 9% in January-April

China’s container throughput at its ports rose 9% year on year in the first four months of this year amid...
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Asia Fuel Oil-Cash premiums rangebound; inventories recover

Cash premiums for fuel oil were rangebound in Asia on Thursday, while latest data showed that inventories in Singapore rebounded...
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Autonomy will advance maritime decarbonization

The complex decarbonised systems of the future will require autonomous management systems for viable exploitation. These were among some of...
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Baltic index hits one-week high on strong capesize rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, inched upwards on Wednesday,...
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Baltic index gains on firm capesize rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, edged higher on Wednesday...
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