News Flash

Baltic index hits near 3-week high on firm demand across segments

The Baltic Exchange’s main dry bulk sea freight index climbed to its highest level in nearly three weeks on Tuesday,...
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Somali pirates free Bangladesh cargo ship after ransom paid

Somali pirates released the hijacked ship MV Abdullah on Sunday after its Bangladeshi owners reportedly paid a $5 million (€4.7...
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Clean Arctic Alliance Welcomes Denmark’s Banning of Scrubber Wastewater Discharges

The Clean Arctic Alliance today welcomed the Danish government’s announcement that it will prohibit the discharge of scrubber water from...
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Oldendorff Carriers contracts with Harbor Lab to provide global transparency in port transactions and revolutionise disbursement accounting

Harbor Lab, a global leader in maritime technology for centralizing and simplifying port disbursement costs is today announcing a new...
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Asia Fuel Oil-VLSFO discount widens, market structure slips to parity

The spot discount for very low sulphur fuel oil (VLSFO) widened on Monday, while the market intermonth structure weakened to...
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Setting Sail To Build In Europe 10,000 Sustainable And Digitalised Vessels By 2035

SEA Europe, the association representing the European maritime technology industry, comprising shipyards and maritime equipment manufacturers, has issued a resounding...
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Smart Shipping Revenues Expected to Exceed $540 million in 2024

The Future of Smart Shipping – 2024. The second edition to our highly popular 2020 report offers an in-depth analysis...
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Shipping industry braces for more disruptions as Iran-Israel conflict to further drive up freight rates, travel times

The recent back-and-forth attacks between Iran and Israel has added another ingredient to the already stormy mix Indian shipping and...
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Iran says MSC Aries vessel seized for ‘violating maritime laws’

A Portuguese-flagged cargo ship, the MSC Aries, was seized by Iran on April 13 for ”violating maritime laws”, Iran’s foreign...
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Escalating Middle East Tensions Trigger Projected Surge in War Risk Premiums and Freight Rates

In a significant escalation of tensions in the Middle East, Iran’s capture of the MSC Aries, a container ship linked...
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Baltic index steady as gains in smaller vessels counter weaker capsize

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, were little changed on Monday...
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Canadian heavy crude trade to Asia picks up as Trans Mountain Expansion startup nears

Spot trade of arbitrage heavy Canadian crude to Asia has picked up pace ahead of the commencement of Canada’s Trans...
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Americas midsize crude tanker intertrade to drive freight as TMX expected online at end-Q2

Freight for ships carrying crude in the Americas is expected to remain wrapped up in intertrade dynamics between the midsize...
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Asia spot LNG at 3-month peak on steady demand, supply disruption

Asian spot liquefied natural gas (LNG) prices edged up this week, reaching the highest levels in three months, as they...
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Tighter fundamentals and geopolitics are pushing commodities higher

Oil market tightens as geopolitical risks grow Oil prices have seen significant strength through March and early April. ICE Brent...
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Flex LNG – Time Charter for Flex Endeavour extended to 2032

Flex LNG, Ltd. (“Flex LNG” or the “Company”) (OSE/NYSE: FLNG) is pleased to announce that the charterer of Flex Endeavour...
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NYK Set to Achieve World’s First Truck-to-Ship Fuel Ammonia Bunkering NYK, JERA, and Resonac Complete Joint Study to Establish Safe and Secure Ammonia Supply System

NYK will supply fuel ammonia at the end of May to an NYK-owned ammonia-fueled tugboat (“A-tug”) scheduled to be completed...
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TT Talk – The supply of clean drinking water to ships’ crews

Access to safe and clean drinking water to sustain life is one of the most basic human needs; exposure to...
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International Chamber of Shipping statement on the seizure of containership MSC Aries

The International Chamber of Shipping (ICS) condemns utterly the seizure of the MSC Aries earlier today by Iranian forces. The...
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Container ship seized in Strait of Hormuz could threaten Middle East trade lanes

The seizure of a container ship by Iran in the Strait of Hormuz, Saturday, is ‘extremely concerning’ and threatens to...
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