News Flash

Double pay and going dark: How shipping companies are navigating Red Sea attacks

Concern is growing for the lives of sailors, as the campaign of attacks on shipping in the Red Sea by...
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New e-fuels project to make international shipping climate neutral

Transport and trade on the ocean blue must be made much greener. This is the goal of the new €17...
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Russian LPG exports to China by rail rose 35% in 2023

Russia raised exports of liquefied petroleum gas (LPG) to China via railways by 35% to 202,000 metric tons last year,...
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US LNG export pause leaves EU, industry at odds over energy security

Europe will have enough gas supply for the next 10 years and thereafter despite a move by the U.S. administration...
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OPEC+ to review oil cut extension in March, ministers leave policy unchanged

OPEC+ will decide in March whether or not to extend voluntary oil production cuts in place for the first quarter,...
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Iron ore mixed as investors reassess China demand outlook

Dalian iron ore futures dipped further on Thursday while prices in Singapore rebounded, as investors reassessed demand prospects in top...
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Russian oil product exports via Tuapse to fall sharply in Feb -traders

Russian oil product exports from the Black Sea port of Tuapse are set to fall by 59.1% in February to...
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CMA CGM to enhance its SAFRAN service connecting North Europe with South America East Coast

CMA CGM is pleased to announce its customers an improved coverage of North European ports with its SAFRAN service linking...
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TECO 2030 and Umoe Mandal submits fuel cell high-speed vessel design for approval in principle

TECO 2030 and Umoe Mandal has just delivered the documentation package to the Norwegian Maritime Authority for an approval in...
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Shippers hail transformational potential of new Maersk/Hapag-Lloyd ‘Gemini’ partnership promising 90% service reliability

The container shipping schedule reliability targets promised by Gemini Cooperation, the new Maersk and Hapag-Lloyd partnership which will start operating...
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Vitol collaborates with ZeroNorth to digitalise Asian bunker deliveries

Vitol Bunkers and its logistics arm, V-bunkers are collaborating with ZeroNorth to enhance the efficiency of the bunkering process in...
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Asia Fuel Oil-HSFO slumps into discount on selling frenzy

The spot high sulphur fuel oil (HSFO) market for the 380-cst grade sank into a discount on Thursday, as selling...
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Zero Emission Shipping Fund proposal submitted to UN to deliver on shipping’s net zero targets

The International Chamber of Shipping (ICS) has submitted a detailed, fit-for-purpose proposal to shipping’s global regulator, the UN International Maritime...
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Baltic index hits two-week low as rates for smaller vessels ease

The Baltic Exchange’s dry bulk sea freight index fell to a two-week low on Thursday, as weakness in rates for...
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Asia Fuel Oil-Month-end activity eases, volatile arbitrage outlook looms

Spot market activity cooled on the last trading day of January, while a volatile outlook for arbitrage supplies loomed as...
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Russia the driver behind China’s aluminium import boom

China’s imports of unwrought aluminium more than doubled year-on-year in 2023 and were the second highest annual total since the...
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ClassNK grants Innovation Endorsement for Products & Solutions to Digital Learning Management System by MarinePALS

ClassNK has granted its Innovation Endorsement for Products & Solutions*1 to “Digital Learning Management System” (Ver.2) developed by MarinePALS, a...
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India rebuilds coal stocks to ensure electric reliability

India’s electricity supply is much more comfortable at the start of 2024 than in either 2023 or 2022 as coal...
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ZeroNorth acquires Euronav’s FAST platform, accelerating shipping industry’s Journey to Zero Emissions

Technology company ZeroNorth and shipping company Euronav have today announced that ZeroNorth will acquire and manage Euronav’s Fleet Automatic Statistics...
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Red Sea crisis unlikely to end soon, Hapag-Lloyd CEO says

Attacks on cargo vessels in the Red Sea by Yemen-based Houthi rebels are unlikely to end soon, forcing shipping companies...
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