News Flash

Updated transit levels at Panama Canal don’t faze LNG shippers

Despite a recent announcement that the Panama Canal Authority is set to add a slot for daily transits through the...
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EU, IMO stricter shipping rules emit positive signal for green transition – Global Maritime Forum director

The European Union’s Fit for 55 program for shipping has sent a powerful and important signal about the role that...
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Future of Russian LNG carriers being built for Arctic LNG 2 project uncertain

LNG shipping market participants are divided over the fate of six Arc7 LNG carriers currently under construction in South Korea...
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Crew of ship seized by Iran are safe, operator MSC says

The 25 crew members of the MSC Aries, which was seized by Iran on April 13, are safe, shipping firm...
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Chartwell Marine Expands CTV Build Pipeline to Support Global Offshore Wind Growth

Chartwell Marine, a trusted pioneer of next-generation vessel design, has announced that a new Chartwell Brevity Class Crew Transfer Vessel...
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Americas clean tanker rates to stay volatile at elevated floor in Q2 as exports grow

Americas clean tanker rates are expected to continue their volatility at elevated levels during the second quarter, as US Gulf...
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LR collaborates with Eastern Pacific Shipping and Maritime & Port Authority of Singapore on six Singapore-registered ammonia dual-fuel newbuilds

Eastern Pacific Shipping (EPS) has signed Memorandums of Understanding (MoUs) with the Maritime and Port Authority of Singapore (MPA) and...
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H2 Energy and DFDS publish new hydrogen propulsion feasibility study

During the past year, H2 Energy and DFDS have worked together on a project to analyse the feasibility of retrofitting...
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Asia Fuel Oil-HSFO discount narrows on firmer bid but trade lull continues

Spot discounts for high sulphur fuel oil narrowed on Wednesday amid the emergence of a firmer bid, though a wider...
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Rio Tinto’s first-quarter iron ore shipments fall 5%, missing estimates

Rio Tinto reported a 5% fall in its first-quarter iron ore shipments on Wednesday, missing estimates, because of weather disruptions...
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Baltimore’s alternate shipping channels not deep enough, Maersk says

The Baltimore port’s alternate shipping channels are not deep enough to accommodate the oceangoing container vessels that Maersk and other...
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Baltic index gains as rates firm for all vessels

The Baltic Exchange’s main dry bulk sea freight index rose on Wednesday, aided by rising rates across all vessel segments...
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Facilitation Committee tackles digitalization and autonomous shipping

IMO’s Facilitation Committee has taken steps to further advance the digitalization of the shipping sector, while addressing cyber-security threats and...
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Iran working to safeguard oil exports in region, official says

Iran’s Deputy Oil Minister Morteza Shahmirzaei told a conference in Moscow via video link on Tuesday that his country was...
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CMA CGM AIR CARGO accelerates its development with the arrival of three B777F and the opening of a transpacific service

CMA CGM AIR CARGO will begin operating a transpacific route connecting Asia to North America in summer 2024. The launch...
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ClassNK grants Innovation Endorsements for Products & Solutions to three solutions developed by iO3

ClassNK has granted its Innovation Endorsements for Products & Solutions*1 to an internet payment facility ‘V.Pay’, an AI maritime camera...
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Hapag-Lloyd and Seaspan to retrofit five vessels to methanol propulsion

Hapag-Lloyd and Seaspan Corporation enter into a partnership agreement to retrofit and convert five 10,100 TEU container ships powered by...
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Coastal Sustainability Alliance Boosts Development And Adoption Of Maritime Biofuel In Singapore

The Coastal Sustainability Alliance (CSA), an industry collaborative effort led by Kuok Maritime Group (“KMG”), today announced its plans to...
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China’s iron ore imports rise as inventories build: Russel

Iron ore has emerged as the surprise in China’s first quarter commodity imports, with arrivals posting strong gains despite the...
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HSFO East-West swap hits five-month high amid supply overhang in Asia, European demand uptick

The 380 CST East-West spread — the difference between the 380 CST FOB Singapore HSFO swap and the 380 CST...
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