News Flash

Maersk to buy bio-methanol shipping fuel from China’s LONGi

Danish shipping group A.P. Moller-Maersk (MAERSKb.CO), opens new tab said on Wednesday it has signed a long-term deal for the supply of...
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Rolls-Royce develops new mtu energy and automation solutions for future submarines

Rolls-Royce is developing new and advanced concepts to show navies how they can meet the growing challenges of undersea national...
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Mitsubishi Power Receives Order for Facility Retrofit at the Darajat Geothermal Power Plant in Indonesia

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI), has received a turnkey contract from Star Energy...
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East Java Multipurpose Terminal partners with Sinarmas LDA Usaha Pelabuhan

East Java Multipurpose Terminal (EJMT), International Container Terminal Services, Inc.’s (ICTSI) operation in Lamongan Regency, Indonesia, has appointed Sinarmas LDA...
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Asyaport: Pioneering Maritime Logistics Decarbonization with Onshore Power

Asyaport has become the first port in Türkiye to offer shore power to container vessels: an important milestone for decarbonizing...
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CMA CGM and Marsa Maroc join forces in a joint venture to equip and operate half of the Nador West Med container terminal

The CMA CGM Group, a global leader in sea, land, air, and logistics solutions, signed today with Marsa Maroc, a...
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PORT OF LOS ANGELES AWARDED $412 MILLION GRANT FROM U.S. EPA FOR ZERO-EMISSION TRANSFORMATION

The Port of Los Angeles has been awarded an unprecedented $412 million grant from the U.S. Environmental Protection Agency (EPA)’s...
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HydroWing set to develop the first tidal energy plant in Indonesia

HydroWing has signed a binding agreement with one of PLN’s Subholdings to develop plans for the first tidal current power...
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Iron ore retreats on China stimulus uncertainty, firmer supply prospects

Iron ore futures retreated on Tuesday, snapping a two-day winning streak, as uncertainty surrounding top consumer China’s plans for fiscal...
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Singapore: CCCS Recommends Five-Year Renewal of the Block Exemption Order for Liner Shipping Agreements

The Competition and Consumer Commission of Singapore (“CCCS”) has recommended to the Deputy Prime Minister and Minister for Trade and...
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Wärtsilä’s Interim Report January–September 2024: Improved Net Sales, Profitability And Cash Flow

This release is a summary of Wärtsilä’s Interim Report January–September 2024. The complete report is attached to this release as...
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ABS Explores the Potential of Nuclear Technology on LNG Carriers

ABS released its latest report into the potential of advanced nuclear technology for maritime applications, with a study of a...
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Maersk and Danone partner to reduce the greenhouse gas emissions of seaborne logistics with ECO Delivery Ocean

Maersk is partnering with Danone, one of the world’s leading food and beverages companies, to reduce its logistics greenhouse gas...
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ABS Explores the Potential of Nuclear Technology on LNG Carriers

ABS released its latest report into the potential of advanced nuclear technology for maritime applications, with a study of a...
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Asia Fuel Oil-VLSFO premium retreats while supplies deemed ample

Spot premium for very low sulphur fuel oil (VLSFO) eased on Tuesday, with offers retreating for November loading dates, while...
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Shipbroker settles for $380,000 after failing to disclose voyage restrictions, sparking arbitration dispute

An arbitration dispute highlighted in the latest Claims Review by International Transport Intermediaries Club (ITIC) has concluded with a shipbroker...
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Parallel markets: LNG sanctions evasion ecosystem yet to fully develop

This is the third of a three-part series on LNG sanctions evasion and the shadow fleet, focusing on the ecosystem...
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Baltic index snaps 10-day losing streak as larger vessel rates gain

The Baltic Exchange’s dry bulk sea freight index snapped a ten-day losing streak on Tuesday as rates increased across larger...
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Guangzhou Shipyard International delivers first of four ro-pax ferries to MSC

The first vessel of four ro-pax ferries ordered by MSC Mediterranean Shipping Group from Guangzhou Shipyard International has been delivered...
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BASF and AM Green enter MoU to jointly evaluate opportunities in low-carbon chemicals in India

BASF and AM Green B.V. have entered a memorandum of understanding (MoU) to jointly evaluate and develop business opportunities for...
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