News Flash
Yangzijiang Shipbuilding secures shipbuilding contracts worth US$2.63 billion
Yangzijiang Shipbuilding has secured shipbuilding contracts for 21 vessels, with a total contract value of US$2.63 billion ($3.54 billion). This...
Read More
Switch2 partners with CorPower Ocean on groundbreaking ‘wave powered’ green ammonia project
SwitcH2 is partnering with CorPower Ocean to deliver a unique industrial scale floating green ammonia production facility partially powered by...
Read More
Floating LNG import terminals pose cost and climate challenges for Asian markets
In the coming decades, South and Southeast Asia are widely expected to drive global demand for liquefied natural gas (LNG),...
Read More
Global shipping costs to remain high amid tariff threats, Red Sea challenges
Global shipping costs are expected to remain high next year, with freight rates likely to continue rising due to ongoing...
Read More
Asia Fuel Oil-Spot premiums dip as offers soften, trade largely quiet
Spot premiums for fuel oil eased in Asia on Monday, with offers retreating from the previous session, while overall trading...
Read More
UECC and Titan agree landmark biomethane deal
United European Car Carriers (UECC) and Titan Clean Fuels (Titan) have signed a new agreement that will see the vast...
Read More
Saudi Arabia boosts crude oil share in Asia at Russia’s expense
Saudi Arabia clawed back market share of Asia’s crude oil imports in November, while Russia surrendered some of its barrels...
Read More
Rapid forensic analysis of FAME-based biofuels: Potential use of its fingerprint as a fraud detection tool
In recent years, the shipping sector has increasingly turned to liquid biofuels, particularly those comprising fatty acid methyl esters (FAME),...
Read More
Global Shippers Adopt ‘Wait And See’ Approach As Trump Tariff Threats Loom
There has been a surprisingly measured response from international shippers facing potential new tariffs next year from the incoming Donald...
Read More
Baltic index hits over 1-year low on weaker rates across vessels
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to near...
Read More
Japan buys LPG ahead of winter; South Korea, China resell cargoes
Japanese buyers have been purchasing LPG for December delivery at prices ranging from discounts of about $5/mt to premiums of...
Read More
Rotterdam-Singapore Green and Digital Shipping Corridor (GDSC) conducts end-to-end sustainability certification pilot for liquefied bio-methane bunkering
The Rotterdam-Singapore Green and Digital Shipping Corridor (GDSC) partners have conducted a successful pilot for the bunkering of mass-balanced liquefied...
Read More
Shipping industry booms amid China export rush, faces post-tariff woes
Container shipping rates from Asia to India have doubled over the past month, with spot rates for shipping a 20-foot...
Read More
Peninsula focuses on LNG, biofuels in marine energy transition by 2030
Peninsula plans to ramp up supplies of LNG and biofuels to shipping companies this decade before offering novel marine fuels...
Read More
Nordic American Tankers Ltd: Prospects for our Suezmax tankers are good
The international profile of NAT is reflected in the fact that during the last five years our ships have loaded...
Read More
Unlocking investment opportunities in ship recycling
Ship recycling countries are seeking stronger investments, as demands on the industry are expected to rise significantly in coming years....
Read More
Globus Maritime Limited Expects Older Vessels to Lose Their Competitiveness
Globus Maritime Limited, a dry bulk shipping company, reported its unaudited consolidated financial results for the third quarter and nine-month...
Read More
Tankers: VLCC Market Takes a Hit
Clean LR2 LR’s in the MEG saw a welcome uptick in activity and freight levels this week. Although rates have...
Read More
Panama launches expedited cancellation of six vessels on UK Sanctions List
The Panama Maritime Authority (PMA) has initiated the expedited cancellation of six Panamanian-flagged vessels recently added to the United Kingdom’s...
Read More
No improvements in real-world containership efficiency despite investments in greener ships
Europe’s container ships pollute as much per container as they did six years ago, new EU shipping data shows. T&E...
Read More