News Flash
Hayfin to acquire up to $1bn of shipping assets through Maritime Yield strategy, building on longstanding sector track record
Hayfin Capital Management (“Hayfin”), a leading alternative credit platform, today announces that it has completed a fundraising process for its...
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China’s Nov iron ore imports stay at elevated level on improving margins
China’s iron ore imports in November climbed 3.4% from October, customs data showed on Thursday, as improved steel mill margins...
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LNG freight rates from US Gulf Coast to NWE, Asia weaken as demand lags
Freight rates to ship LNG from the US Gulf Coast region to both Northwest Europe and Asia have cooled this...
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Asia Fuel Oil-VLSFO cash premium hits 10-week low, timespreads narrow
Asia’s cash premium 0.5% very low sulphur fuel oil (VLSFO) fell to a 10-week low on Thursday, while backwardation timespreads...
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UN ship agency adopts tougher resolution to tackle illicit ‘shadow’ fleet
The United Nations’ shipping agency on Wednesday adopted a resolution targeting illicit shipping practices from the so-called unregulated “shadow fleet”...
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Maersk to deploy first large methanol-enabled vessel on Asia – Europe trade lane
A.P. Moller – Maersk (Maersk) is about to launch the first of its 18 large methanol-enabled vessels currently on order....
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New Green Shipping Challenge Announcements at COP28: Leading the Global Energy Transition
Greenhouse gas emissions from the shipping sector are significant and rising. On their current trajectory, these emissions would be incompatible...
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Lloyd’s Register unifies its digital offering with LR OneOcean
Lloyd’s Register has merged its existing digital platforms under its new OneOceanLR brand, which has been launched following several recent...
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Asia Distillates-Markets record further term negotiations, more spot activity to emerge
Asia’s middle distillates markets recorded more term negotiations as some buyers sought first-half 2024 arrival cargoes in the region, though...
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Weaker vessel rates push Baltic index lower
The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, fell to its lowest...
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Methanol Engine Secures Bulker Orders
Japan’s Tsuneishi Shipbuilding Co., Ltd. has ordered 3 × MAN B&W 7G50ME-C9.6-LGIM (-Liquid Gas Injection Methanol) main engines in connection...
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DNV awards AiP for world’s largest car carrier design by China Merchants
At the Marintec China trade fair, DNV awarded an Approval in Principle (AiP) certificate to China Merchants Jinling Shipyard (Nanjing)...
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Oil CEO says blaming the energy industry for the climate crisis ‘like blaming farmers for obesity’
The chief executive of UAE-based energy firm Crescent Petroleum on Tuesday claimed that blaming the oil and gas industry for...
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Kalmar expands its global delivery capability with startup of electric reachstacker and Essential forklift truck production at Shanghai facility
Kalmar, part of Cargotec, is to begin production of its electric reachstacker and Essential forklift truck range at the company’s...
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BSM is ready to go for EU ETS
There are only a few days to go until EU’s Emission Trading System (EU ETS) kicks in for the shipping...
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OceanScore sees surge of new clients for EU ETS management solution driven by industry action for compliance
OceanScore is seeing rapid uptake of its recently launched EU ETS management solution with over 50 shipping companies now signed...
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IAPH publishes whitepaper on the Environmental Ship Index, outlining new features, enhancements & testimonials
IAPH publishes special whitepaper on the Environmental Ship Index (ESI), citing testimonials from world ports on how to use the...
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Asia Fuel Oil-VLSFO stable in thin trade; bunker premiums ease
Asia’s 0.5% very low sulphur fuel oil (VLSFO) market was little changed amid thin trade on Wednesday, while bunker premiums...
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Shipping industry remains in choppy waters
The local shipping industry is still struggling to recover from the heavy hammering of the pandemic amid challenges stemming from...
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ENGINE: East of Suez Bunker Fuel Availability Outlook
Prompt VLSFO availability remains super tight in Singapore. Recommended lead times for the grade range up to 12-16 days. Several...
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