News Flash

Malaysia PM says no evidence of ship-to-ship transfer of Iranian oil off Malaysia

Malaysia Prime Minister, Anwar Ibrahim said there was “not one shred of evidence” of ship-to-ship transfers of sanctioned Iranian oil...
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ABS and HD Hyundai Group Sign MOU to Advance Medium-Voltage Power Systems on Ships

ABS, HD Korea Shipbuilding & Offshore Engineering Co., Ltd. and HD Hyundai Heavy Industries, Co., Ltd. signed a memorandum of...
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OceanCare: Gibraltar orca attack not deliberate or act of revenge

On Sunday, 12 May, the 15-metre yacht “Alboran Cognac” sank in the southern entrance to the Strait of Gibraltar after...
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Will new US tariffs on China imports be a case of history repeating? Businesses brace for increased supply chain costs

Global supply chains are braced for further disruption and increasing costs after US President, Joe Biden announced new tariffs on...
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Baltic index hits more than one-week low on weaker vessel rates

The Baltic Exchange’s main sea freight index that tracks rates for ships carrying dry bulk commodities slipped to a more...
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Iran releases some crew members of ship seized in the Gulf

Iran has released seven crew members of a Portuguese-flagged container ship seized in the Gulf on 13 April, according to...
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MOL Joins Project to Develop Frozen and Refrigerated Warehouse in Singapore-promoting investment in Southeast Asia, the key area for MOL, by utilizing group network

Mitsui O.S.K. Lines, Ltd. announced that MOL (Asia Oceania) Pte. Ltd. (Managing Director: Jotaro Tamura; Head Office: Singapore), MOL’s regional...
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Asian spot LNG prices rise on signs of stronger demand

Asian spot liquefied natural gas prices rose this week on stronger demand amid high temperatures in north and south China,...
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West Africa Container Terminal (WACT) replaces diesel generation with solar electricity

The West Africa Container Terminal (WACT) has signed a significant Solar Lease Agreement with Starsight Energy, to provide an expected...
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Brazilian ports grapple with fuel supply challenges

Brazilian petroleum firm and bunker supplier Petrobras will temporarily be unable to provide LSMGO in Rio de Janeiro due to...
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Shipping Market Conditions Boost Yang Ming’s First Quarter Results

Yang Ming Marine Transport Corporation (Yang Ming) held its 392nd Board Meeting on 10th May to approve its Q1 financial...
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Maersk Suspends Methanol Ship Order to Chinese Shipbuilder

Maersk, the world’s second-largest shipping company, has reportedly postponed an order for 15 methanol-powered container ships from a Chinese shipbuilder....
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Stowage of heavy lift cargo: legal and insurance implications

The project cargo trade, as with many segments of the shipping industry, experienced a boom during the pandemic owing to...
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Korean Shipbuilders Post Drop in Shipbuilding Volume due to Growing Proportion of Less-skilled Foreign Workers

Korean shipbuilders, which have been fiercely competing with Chinese shipbuilders on the global stage, reported sluggish shipbuilding in the first...
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Panama Canal in talks with US LNG producers to increase transit

The Panama Canal is in talks with U.S. liquefied natural gas (LNG) producers on how to meet increased demand for...
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Shaping a safer and sustainable future for shipping

Sunil Krishnakumar, Senior Technical Manager at the International Chamber of Shipping, provides his key insights on the newly released Engine...
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Xeneta Shipping Index (XSI®): Long term rates edge up globally as Red Sea conflict continues to cast uncertainty across the market

Ocean freight container carriers are treading a fine line between risk and reward during new contract negotiations as the market...
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Baltic index hits over one-week high on capesize strength

The Baltic Exchange’s dry bulk sea freight index rose to more than a week high on Thursday, supported by gains...
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Panama Canal: From Crisis to Opportunity: Rethinking Water Management in a Changing Climate

As climate change intensifies, I’ve noticed a notable increase in extreme weather events hampering critical shipping routes and waterways from...
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Optimarin enters new growth phase with Hyde Marine acquisition to strengthen BWTS market position

Optimarin is expanding its position in the market for ballast water treatment systems with a deal to acquire peer player...
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