Ocean Network Express And Ningbo Zhoushan Port Group Collaborate On Shore...

Ocean Network Express (ONE) and Ningbo Zhoushan Port Group (NZPG) held a symposium on December 6th to share best practices and explore innovative approaches...

CMB.TECH NV Executes Strategic Sale of Three Suezmax Tankers

CMB.TECH NV has sold three Suezmax vessels to a wholly owned subsidiary of CMB NV as part of its fleet rejuvenation strategy. The...

Gas Freight Market: Pacific LNG Stagnation and Atlantic LPG Trends

LNG Market Overview The LNG spot market saw minimal movement this week, with rates largely stagnant amid limited activity, especially in the Pacific. Persistent lengthy...

Ningbo Shipping Exchange Reports Container Freight Rates for Major Routes

According to Baltic Exchange, The Ningbo Containerised Freight Index (NCFI), compiled by the Ningbo Shipping Exchange and promoted by the Baltic Exchange, provides...

HIF Global Joins Methanol Institute to Pioneer Sustainable e-Fuels

The Methanol Institute (MI) has welcomed HIF Global, a leader in e-Fuels production, as its newest member. HIF Global produces e-Methanol, e-SAF, and...

Biden-Harris Administration Awards $5M for U.S. Marine Highways

The U.S. Department of Transportation’s Maritime Administration (MARAD) has awarded $4.85 million in grants to five marine highway projects. Projects span Louisiana, Puerto...

Tug Malta Unveils Med Aldebaran: A State-of-the-Art Damen Tug

Med Aldebaran Enhances Tug Malta’s Port of Marsaxlokk Operations. Sustainability Takes Center Stage with IMO Tier III-Compliant Tug. Damen’s Advanced IoT and Emission-Reduction...

US Election and PMI Figures Shape Container Freight Markets

Red Sea Tensions Add Pressure to Container Freight Rates. Transpacific Routes Steady Despite Post-Election Market Shifts. Asia-Europe Freight Rates Surge with Post-Election Rally. November...

Woodside and Bechtel Shake Hands on Revised Deal for US LNG...

Woodside’s Louisiana LNG Project Gains Momentum with Bechtel Contract. Revised EPC Agreement Paves the Way for Woodside’s 16.5 MTPA LNG Facility. Bechtel to...

Bearing AI Launches AI-Powered Cargo Prediction Solution

Unlock Strategic Advantage with Bearing AI’s Innovative Cargo Prediction Tool. Predictive Technology is introduced to Maximize Profitability in Tramp Chartering. Stay Ahead in...

Harnessing The Wind: Wallenius Marine’s Innovative Ship Design

Wallenius Marine is working on developing a wind-powered PCTC vessel. They are currently conducting advanced wind tunnel tests in Gothenburg to optimize the design...

Schulte Group’s New LCO2 Tanker: A Step Towards a Greener Future

The Schulte Group has ordered its first LCO2 tanker, which is currently under construction at Dalian Shipbuilding & Offshore Company (DSOC). This new vessel...

Topsoe’s Technology To Power Spain’s e-Methanol Production

Topsoe, a leading technology company, has partnered with Forestal del Atlántico to provide e-Methanol synthesis technology and engineering support for the Triskelion project in...

The Evolving Landscape Of Marine Fuel Supply

Bunker suppliers with chemical bunker tankers are taking advantage of the growing demand for biofuels by charging premium prices for their deliveries. According to...

Fostering Harmony: Ports and Communities Join Hands for Sustainability

Over 400 experts at the World Conference Cities & Ports discussed the integration of ports with local communities to promote sustainable growth. Cruise...

Peninsula Charts Course to Decarbonize Marine Fuel

Peninsula aims to scale up LNG and biofuel supplies by 2030 before transitioning to sustainable fuels like methanol. Biofuels and LNG are expected...

OPEC+ Extends Production Cuts: What Lies Ahead for 2025?

OPEC+ extended production cuts until April 2025 amid well-supplied market fundamentals. Geopolitical shifts and non-OPEC supply growth may affect the oil landscape in...

Freightos Index: Global Freight Rates See 9% Rise in November

FBX global rates rose by 9% to $3,590/FEU in November, a 178% increase from 2019. Blank sailings, extended lead times, GRIs, and Lunar...

GSL Bolsters Fleet with $274m Reefer Purchase

GSL is acquiring four 9,115 TEU container ships. The ships come with long-term charter contracts, ensuring stable revenue. GSL aims to strengthen its...

LR And Tanker Markets Show Mixed Trends With MR Gains And...

LR2 rates in MEG stalled, while MR rates surged in the MEG and USG. VLCC and Suezmax rates declined, with Aframax markets seeing significant...