News Flash

Global freight rises but shows signs of weakness in US

Global manufacturing activity and freight are showing signs of a recovery, after a downturn took hold in the second half...
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The Future of European Shipping’s Global Competitiveness Lies In Maritime Education, Seafarer Welfare And Innovation Uptake

At the event organized on the Day of the Seafarer by the European Community Shipowners’ Association (ECSA) at the Antwerp...
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LR: New survey requirements for Bulk Carriers and Oil Tankers

Periodical survey requirements for Special, Intermediate and Annual Surveys of bulk carriers and oil tankers are being updated by Lloyd’s...
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Baltic Index Hits Near 2-Months High On Strong Capesize Demand

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, climbed to its highest...
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Asia Fuel Oil-Markets little changed; Singapore stocks dip after four-week build

Fuel oil benchmarks were broadly stable in Asia on Thursday, while latest data showed that onshore stockpiles at Singapore dipped...
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“K” LINE Group-Managed Vessels Received the 2023 Best Quality Ship Award

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce that HAMBURG HIGHWAY and CAPE GARNET, two vessels managed by...
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Windward Unveils MAI Expert™, the First of its Kind Maritime AI Virtual Agent Powered by Generative AI to Optimize Global Trade and Risk Management

Windward, the leading Maritime AI™ company, announced today the launch of a Generative AI-powered Maritime AI Expert aptly called MAI...
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AAL Shipping Awarded Top Honours at AFLAS Awards 2024

Premium project heavy lift carrier AAL Shipping (AAL) was awarded ‘Best Shipping Line – Project Cargo’ at the 2024 Asian...
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NORVIC Shipping expands Dubai office

NORVIC, the global dry bulk owner and operator, is proud to announce the opening of its new, expanded office in...
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CMA CGM Named Best Global Shipping Line at 2024 Asian Freight, Logistics and Supply Chain Awards

The CMA CGM Group, a global player in sea, land, air and logistics solutions has won the Best Global Shipping Line at...
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Iron ore extends gains on sustained China demand, property stimulus

Iron ore futures prices rose for a second straight session on Wednesday, aided by a wave of buying in China’s...
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U.S. crude imports touch two-year high despite lukewarm demand

U.S. crude oil imports last month rose to a nearly two-year high as refiners scooped up heavy crudes from Canada...
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Cargotec updates its outlook for 2024 due to the completion of the Kalmar demerger

Cargotec Corporation (“Cargotec”) announced on 26 June 2024 that Cargotec’s Board of Directors has decided to complete the partial demerger...
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Samsung Heavy launches mega-sized LNG carrier

energy company Venture Global LNG announced on June 26 that Samsung Heavy Industries had launched its mega-sized LNG carrier named...
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KVH Signs Pooled Data Agreement with Starlink

KVH Industries, Inc. (Nasdaq: KVHI), today announced a greatly expanded relationship with Starlink through a bulk data distribution agreement with...
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ZeroNorth and Hapag-Lloyd collaborate on bunker procurement and planning solution to propel industry forward

ZeroNorth and Hapag-Lloyd have yesterday announced a new strategic partnership aimed at launching an industry leading bunker procurement and planning...
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Asia Fuel Oil-VLSFO extends climb; hi-5 spread widest in more than five weeks

Asia’s Very Low Sulphur Fuel Oil (VLSFO) market continued its rebound for a second consecutive day on Wednesday, while the...
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Ship owners facing significant emission bills under EU-ETS without proper management, warns Oceanly

The integration of the shipping sector into the European Union Emissions Trading System (EU-ETS) marks a pivotal step towards a...
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Higher Tariffs To Harm US Consumers And Exporters; Economic Decoupling From China Unlikely, Experts Reveal

Ramping up US import tariffs or attempting to decouple the US economy from China will most damage US consumers, retailers...
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Baltic index gains on strong capesize demand

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