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,...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More