News Flash

Rotterdam bunkers MOC sees first trade in a year on the uptick in activity.

An uptick in activity in the Platts European bunker Market on Close at the start of 2024 has resulted in...
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Baltic index edges up on gains in smaller vessels

The Baltic Exchange’s dry bulk sea freight index edged up to hit a one-month high on Tuesday, as gains in...
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Asia Distillates-Gasoil premiums under downward pressure as offers dip

Spot premiums for gasoil fell on Tuesday on lower-priced offers, while market backwardation also weakened from the prior day. The...
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Middle East Crude-Murban premium hits month’s high on robust demand

Middle East crude benchmarks Oman and Dubai edged higher on Tuesday, while Murban’s premium touched the highest level this month...
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MOL Magsaysay Maritime Academy in the Philippines Holds 1st Commencement Exercises Ceremony

Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) announced that MOL Magsaysay Maritime Academy Inc., a merchant marine...
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UK P&I Club announces strong results for 2024 renewals season; reinforcing platform for growth as maritime market demands evolve.

The UK P&I Club has announced the successful completion of the P&I renewal for 2024. The 2024 renewal focus has...
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Asia Fuel Oil-VLSFO cash premium inches up, but bunker demand slows.

Asia’s cash premium for Very Low Sulphur Fuel Oil (VLSFO) edged up on Tuesday, though bunker premiums remained at a...
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NorthStandard posts strong renewal results one year on from the merger

NorthStandard confirms strong renewal results across the board, in its first year of operation. NorthStandard reports a rise in premium...
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Orca AI platform drives significant reduction in CO2 emissions and fuel spending across the 267-strong fleet in 2023

A comprehensive analysis by maritime technology company Orca AI shows that its market-leading automated situational awareness platform achieved significant operational...
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CMA CGM says the ship transited the Red Sea under French naval escort.

French shipping and transport company CMA CGM said on Tuesday that its Jules Verne container ship transited the Red Sea...
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WAF-East VLCC rates hit eight-month high as tonnage supply remains limited

The West African Very Large Crude Carrier market has seen a major spike in rates since the start of February,...
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Interocean Marine Services positions for a strong 2024 with new Leadership and Brand

Interocean Marine Services (Interocean), the specialist provider of support services to the offshore, energy, marine and renewable sectors, has kicked...
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How the extended EU Emissions Trading System will impact maritime transport and ports

From 1 January this year, global shipping is now a part of the European Union’s Emissions Trading System (EU ETS),...
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Yemen’s Houthis say ship attacked in Gulf of Aden may sink

Yemen’s Houthi militants said on Monday they had attacked another cargo vessel in the Gulf of Aden which was at...
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Red Sea disruption to impact deliveries, not output – QatarEnergy CEO

Disruption to shipping in the Red Sea region will impact QatarEnergy’s deliveries of liquefied natural gas (LNG) but not its...
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Kalmar straddle carriers to continue to help SOMACOM deliver top-class service at Ile de la Réunion

Kalmar, part of Cargotec, and DMP SAS, Kalmar’s regional dealer, have concluded an agreement with Société De Manutention Et De...
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Oriani Hellas Announces a New Partnership with Vsltec to Revolutionize the Management of Technical Services on Board

Oriani Hellas, a leading digital transformation consultant in the maritime industry, is proud to announce its partnership with Vsltec, an...
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Chemship blazes the trail with wind propelled chemical tanker: Targets 15% CO2 savings on Transatlantic route

Chemship commissioned its first ship with wind assisted ship propulsion. This makes the MT Chemical Challenger the first chemical tanker...
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Pavilion Energy Concludes First Ship-To-Ship LNG Bunkering Operation To Rio Tinto In Singapore

Pavilion Energy has successfully deployed the newbuild LNG Bunker Vessel Brassavola for her maiden Ship-to-Ship (STS) LNG bunkering operation, delivering...
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Baltic index climbs to over one-month high on sturdier vessel rates

The Baltic Exchange’s dry bulk sea freight index hit a more than one-month high on Monday, as climbing rates across...
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