News Flash

“K” LINE Group-Managed Vessels Received the 2023 Best Quality Ship Award

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce that HAMBURG HIGHWAY and CAPE GARNET, two vessels managed by...
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Windward Unveils MAI Expert™, the First of its Kind Maritime AI Virtual Agent Powered by Generative AI to Optimize Global Trade and Risk Management

Windward, the leading Maritime AI™ company, announced today the launch of a Generative AI-powered Maritime AI Expert aptly called MAI...
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AAL Shipping Awarded Top Honours at AFLAS Awards 2024

Premium project heavy lift carrier AAL Shipping (AAL) was awarded ‘Best Shipping Line – Project Cargo’ at the 2024 Asian...
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NORVIC Shipping expands Dubai office

NORVIC, the global dry bulk owner and operator, is proud to announce the opening of its new, expanded office in...
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CMA CGM Named Best Global Shipping Line at 2024 Asian Freight, Logistics and Supply Chain Awards

The CMA CGM Group, a global player in sea, land, air and logistics solutions has won the Best Global Shipping Line at...
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Iron ore extends gains on sustained China demand, property stimulus

Iron ore futures prices rose for a second straight session on Wednesday, aided by a wave of buying in China’s...
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U.S. crude imports touch two-year high despite lukewarm demand

U.S. crude oil imports last month rose to a nearly two-year high as refiners scooped up heavy crudes from Canada...
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Cargotec updates its outlook for 2024 due to the completion of the Kalmar demerger

Cargotec Corporation (“Cargotec”) announced on 26 June 2024 that Cargotec’s Board of Directors has decided to complete the partial demerger...
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Samsung Heavy launches mega-sized LNG carrier

energy company Venture Global LNG announced on June 26 that Samsung Heavy Industries had launched its mega-sized LNG carrier named...
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KVH Signs Pooled Data Agreement with Starlink

KVH Industries, Inc. (Nasdaq: KVHI), today announced a greatly expanded relationship with Starlink through a bulk data distribution agreement with...
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ZeroNorth and Hapag-Lloyd collaborate on bunker procurement and planning solution to propel industry forward

ZeroNorth and Hapag-Lloyd have yesterday announced a new strategic partnership aimed at launching an industry leading bunker procurement and planning...
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Asia Fuel Oil-VLSFO extends climb; hi-5 spread widest in more than five weeks

Asia’s Very Low Sulphur Fuel Oil (VLSFO) market continued its rebound for a second consecutive day on Wednesday, while the...
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Ship owners facing significant emission bills under EU-ETS without proper management, warns Oceanly

The integration of the shipping sector into the European Union Emissions Trading System (EU-ETS) marks a pivotal step towards a...
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Higher Tariffs To Harm US Consumers And Exporters; Economic Decoupling From China Unlikely, Experts Reveal

Ramping up US import tariffs or attempting to decouple the US economy from China will most damage US consumers, retailers...
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Baltic index gains on strong capesize demand

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose on Wednesday on...
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HMM and CargoX partner to introduce an integrated solution for global electronic BL service to HMM customers

HMM, Korea’s largest and the world’s eighth-largest container carrier, has announced a strategic partnership with CargoX, a leading provider of...
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IMarEST gives back to the seafarer community with special membership fees

The Institute of Marine Engineering, Science & Technology (IMarEST) celebrates International Day of the Seafarer by announcing a special membership...
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India and China top buyers of Russian fuel oil in May, LSEG data shows

India and China were the top destinations for Russian Seaborne Fuel Oil and Vacuum GasOil (VGO) exports in May, traders...
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Russia’s July western port oil loadings to fall 23% m/m, sources say

  In July, Russia will cut oil exports via its western ports to 1.5 million barrels per day (bpd), down...
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Inmarsat Maritime Whitepaper Recommends Holistic Approach to Cyber Security Ahead Of New IACS Requirements

Inmarsat Maritime, a Viasat company, has launched a white paper urging maritime organisations to strengthen their cyber defences – as...
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