News Flash

Baltic index hits one-week high as larger vessel rates rise

The Baltic Exchange’s dry bulk sea freight index rose to a one-week high on Thursday, helped by higher rates for...
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MOL Starts Commercial Operation of FSRU for Indonesia’s Jawa 1 LNG-fired Power Plant- Asia’s 1st Gas-to-Power Project Using an FSRU

Mitsui O.S.K. Lines, Ltd. announced the March 29 launch of commercial operation by the floating storage and regasification unit (FSRU)...
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Eagle Shareholders Approve Merger With Star Bulk

Eagle Bulk Shipping Inc. today announced that its shareholders voted in favor of (1) a proposal to approve and authorize...
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Does manipulating AIS data help ships avoid Houthi attacks?

Shipping companies face a costly dilemma in the Red Sea. Houthi attacks mean vessels passing through the Suez Canal risk...
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AtoB@C Shipping takes delivery of Stellamar

AtoB@C Shipping has today 5 April taken delivery of Stellamar, the second in the series of twelve plug-in hybrid general...
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New green international shipping routes backed by government funding

Maritime Minister, Lord Davies, is in Wales today (5 April 2024) to kickstart the bidding process for the £1.5 million...
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Pirates, hijacks and hurricanes: The world’s most dangerous shipping routes revealed

As a result many countries considered global shipping to be of paramount importance, so much so that Britain and the...
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Ammonia shipborne trade: Navigating the bubble for sustainable growth

The rising interest in clean ammonia, touted as the next zero-carbon fuel, is boosting orders for Very Large Ammonia Carriers...
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Shipping disruptions in the Red Sea: Local shock, global impact

Recent attacks on ships navigating along the Red Sea have led vessels to reroute through the Cape of Good Hope,...
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Scrubbers: The Solution to Pollution is… Stop Using Dirty Fuel

“The solution to pollution is dilution”. A saying that was frequently used half a century ago, but since then scientific...
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Can onboard carbon capture tech clean up the shipping sector?

This may look like some crates on a cargo ship. But it’s actually an onboard carbon capture system designed to...
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SAFEEN Feeders joins Stena Sonangol Suezmax Pool

The Stena Sonangol Suezmax Pool, a joint venture between leading tanker shipping company Stena Bulk, and the Angolan state-owned oil...
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ASA-SNEC highlights urgent attention to Maritime Security in the Red Sea, and advocates support for the R&D Funding Vital for Industry’s Net-Zero Transition

The Asian Shipowners’ Association Safe Navigation and Environment Committee (ASA-SNEC) urges shipping industry to continue to highlight the maritime security...
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Zero Emission Shipping Accelerated with Launch of Carbon Insetting Program

In a significant development during the Connecting Europe Days, a leading consortium of maritime organizations introduced the world’s first Carbon...
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Australian thermal coal exports decline further and faster than expected, and demand from South East Asian markets is unlikely to help

The Department of Industry, Science and Resources (DISER) has released its March 2024 Resources and Energy Quarterly, which sets out...
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China PMI boosts sentiment, but commodity imports may have front-run

The return of China’s key manufacturing index to positive territory for the first time in six months has sparked optimism...
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Baltic index slips to 1-1/2 month low on weaker vessel rates

The Baltic Exchange’s main sea freight index, tracking rates for ships ferrying dry bulk commodities, fell to its lowest since...
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OPEC+ gets oil price to its sweet spot, the trick is keeping it there

There was no surprise that a top meeting of OPEC+ ministers opted to keep output policy unchanged since the global...
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Hyundai Heavy held talks with Daewoo Shipbuilding to buy stake

South Korean shipbuilding giant, Hyundai Heavy Industries Group, is interested in buying a stake in rival Daewoo Shipbuilding & Marine...
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ClassNK issues type approval certificate for lithium-ion storage battery system developed by Corvus Energy

ClassNK has issued a type approval certificate*1 for the lithium-ion storage battery system “ORCA Energy” developed by Corvus Energy. Recently,...
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