News Flash

The first Norsepower Rotor Sail™ funded by German Government to be fitted on Baltrader’s new cement carrier

Baltrader Capital GmbH & Co. KG, Hamburg, and Norsepower, the leading global provider of auxiliary wind propulsion systems, have signed...
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Vitol Bunkers takes delivery of first biofuel barge in Singapore

Vitol Bunkers said Feb. 22 it has taken delivery of its first biofuel bunker barge, the Marine Future, at the...
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Asia Distillates-Gasoil margin steady, Singapore stocks fall

Asia’s 10-ppm sulphur gasoil margin cash premium was little changed on Thursday amid absence of deals at the spot window,...
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Dalian iron ore falls for fourth day on China demand concerns

Dalian iron ore futures fell for a fourth consecutive session on Thursday amid concerns over steel demand in top consumer...
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Teekay Corporation Reports Strong Fourth Quarter Results, As 2023 Was the Best of the Past 15 Years

Teekay Corporation reported results for the three and twelve months ended December 31, 2023. These results include the Company’s publicly-listed...
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Eastern Pacific Shipping makes first wind propulsion move with bound4blue eSAILs

Eastern Pacific Shipping (EPS) has signed a contract for its first ever wind-assisted propulsion system, partnering with bound4blue to install...
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HD Hyundai Marine bags order to upgrade Chevron LNG tankers

HD Hyundai Marine Solution Co., a ship maintenance, retrofitting and digital solution provider under HD Hyundai Co., has won an...
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WinGD and Mitsubishi Shipbuilding agree ammonia fuel supply system

Swiss marine power company WinGD and Japanese shipbuilder and technology developer Mitsubishi Shipbuilding Co., Ltd. have completed the initial design...
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Maritime and Port Industry Stakeholders Welcome the IMCO vote on UCC Reform, urging further efforts to secure a smart, safe, and competitive Customs Union

Yesterday, the European Parliament’s Internal Market Committee (IMCO) adopted its report on the reform of the Union Customs Code (UCC)....
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Baltic index strengthens on climbing capesize and supramax rates

The Baltic Exchange’s dry bulk sea freight index rose to an over six-week high on Thursday, consecutively gaining for a...
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Manta Marine Technologies unveils new leadership

Manta Marine Technologies formerly known as Yara Marine Technologies (YMT) unveils their new brand and leadership team, following its recent...
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Kalmar’s electric and hybrid straddle carriers to play role in cutting emissions at ECT Delta terminal in Rotterdam

Kalmar, part of Cargotec, has concluded an agreement to supply Hutchison Ports ECT Rotterdam with two fully electric and eight...
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Strong Member support results in another positive renewal for West

The West of England P&I Club (West) is pleased to announce a successful 2024 renewal across all business lines and...
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ZeroNorth and Alpha Ori Technologies Close Deal To Join Forces, Accelerating Green Global Trade And Zero Emissions Shipping

ZeroNorth and Alpha Ori Technologies have announced today that they have received all required regulatory approval for their agreement to...
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Global Shipowners Body Sets Out Industry Principles To Combat Harassment And Bullying

Today, the International Chamber of Shipping (ICS), the global trade association for shipowners and operators, which represents over 80% of...
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S&P Global expects global trade will grow at a compound rate of 3.3% through to 2028

S&P Global today published the latest edition of its Look Forward research series, focusing on the most important themes that...
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Asia Fuel Oil-HSFO spot discounts hold, Fujairah stockpiles at 7-month low

Spot differentials for high sulphur fuel oil (HSFO) held in discounts as of Wednesday, while residual fuel stockpiles at the...
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BIMCO publishes ship financing forms to ensure uninterrupted use of ships

BIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry, to offer...
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U.S. energy flows through Panama Canal rose slightly in January

U.S. liquefied petroleum gas (LPG) and ethane exports through the Panama Canal rose in January 2024 with a return to...
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Baltic index rises as Capesize, supramax segments post gains

The Baltic Exchange’s dry bulk sea freight index extended gains for a fourth straight session to hit an over one-month...
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