News Flash

Trade tales of the US: Impact of the new presidency on dry bulk commodities

Drewry expects volatility in trade to rise, impacting coal and grain trades when Donald Trump takes charge of the White...
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SHIPPING: Asia-US container rates surge as port strike deadline looms; tanker rates flat to softer

Rates for shipping containers from Asia to the US surged this week as the deadline to avoid a strike at...
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Singapore iron ore falls below $100/T as China pre-holiday restocking nears end

Singapore iron ore futures fell below the $100-per-metric-ton key psychological level on Friday as some traders liquidated long positions on...
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Finnish police detain Russian ‘ghost fleet’ ship crew as cable damage probe continues

The Eagle S is suspected of damaging the Estlink-2 power cable which runs under the Baltic Sea between Finland and...
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Growth Likely on the Horizon for America’s Shipyards in 2nd Trump Administration

As the United States nears its 250-year celebration, what is old may be new again in the shipyard space. The...
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U.S. LNG exports soar in December, lifting full-year growth by 4.5%

U.S. LNG exports reached near record levels in December, rising to 8.5 million metric tonnes (MT) as two new plants...
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Fuel Oil Benchmarks ease; discussions largely rangebound

Spot benchmarks for fuel oil ended the week on a steady to softer note, while bids and offers were mostly...
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HD KSOE eyes $180.05 bn worth of orders in 2025

South Korea’s largest shipbuilder, HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE), said Friday it aims to win $180.05...
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Euroseas Ltd. Announces Time Charter for its Older Containership, M/V Aegean Express, and Spin-off of its Older Three Vessels into a Separate Company

Euroseas Ltd., an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, made today...
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Union dockworkers, ports to resume negotiations ahead of 15 Jan deadline

Union dockworkers and representatives for US Gulf and East Coast ports are expected to resume negotiations on a new master...
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Alternative-fuelled ship orders grow 50% in 2024

Shipowners continued to invest for a future of lower emissions in 2024, with 600 vessels capable of using alternative fuels...
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Baltic index extends gain as larger vessel rates firm

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose for a...
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TMC’s energy-saving compressors chosen for methanol-fuelled container vessels

Yangzijiang Shipbuilding Group has awarded a contract to TMC Compressors to deliver its highly energy-efficient Smart Air compressors to six...
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HD Hyundai hunts shipbuilding growth despite rise in global protectionism

HD Hyundai Chairman Kwon Oh-gap urged employees across the group’s heavy industry affiliates to stay vigilant as protectionist policies intensify...
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Shipbreaking industry to implement workers’ minimum wages from new year

The country’s shipbreaking industry is going to implement the minimum wages for its workers, set by the Ministry of Labour...
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LILA GLOBAL – Diversified fleet of quality ships

Lila Global is pleased to announce the appointment of Dr. Abdul Rahim as its Chief Maritime Strategy and Innovation Officer....
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Russia warns of severe environmental damage as oil from damaged tankers washes up on beaches

Russian officials warned of severe environmental damage Wednesday as thousands of people came out to clean up tons of fuel...
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As Biden administration winds down, US ramps up strikes on Houthi rebels

The US is stepping up its strikes against the Houthi rebels in Yemen, an effort in the waning days of...
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The Risks of Decarbonized and Digitalized Shipping

Imagine a harbor in a major maritime conflict. A large container ship sits idle because the Liquefied Natural Gas (LNG)...
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Asia Fuel Oil: Premiums inch higher on first trading day

Spot fuel oil premiums in Asia edged up on the first trading day of 2025, buoyed by stronger-priced bids, though...
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