GMS Predicts Difficult 2025 For Ship Recyclers

Global ship recycling markets are closing 2024 on a firmer note despite a year of minimal activity and significant price drops. According to cash...

Singapore Boosts Green Marine & Offshore Energy With $100 million

The Singaporean Government has announced a SGD $100 million support package to accelerate green growth in the marine and offshore energy industries over the...

VLCC And MR Surge, Suezmax And Aframax Falter In Mixed Week

VLCC markets fluctuated amid tonnage oversupply, Suezmax and Aframax rates declined under weak demand, while MR tankers experienced mixed activity with TC2 routes surging...

Crude Freight Rates And China’s Shifting Import Dynamics

Crude freight rates fluctuate amid Chinese import trends and tax rebate cuts, impacting global oil exports, freight rates, and refining dynamics, with refiners favoring...

Lessons Learned: Fatal Mooring Accident on Bulk Carrier

UK MAIB has issued an investigation report on an incident where a crew member suffered fatal injuries due to being struck by a mooring...

Rep. Barragán Introduces Zero-Emission Vessel Innovation Act

U.S. Congresswoman Nanette Barragán has introduced a bill that aims to support the development and deployment of clean shipping technology for zero-emission vessels. ...

FFAs: A Hedge Against Shipping Market Volatility

Forward Freight Agreements (FFAs) are crucial for mitigating risk in the volatile shipping industry. FFAs help stabilize freight rates by locking in future...

Singapore and China Discuss Maritime Innovation

The Maritime and Port Authority of Singapore (MPA) organized an overseas module for maritime leaders in Shanghai. The program offered participants firsthand exposure...

HMM to Operate Incheon’s First Automated Terminal

HMM has partnered with other companies to operate a new, fully automated container terminal in Incheon, South Korea. The new terminal will boost...

Protest Forces Coal Vessel Turnaround at Australia’s Major Port

A climate change protest off the coast of Australia’s New South Wales State forced an inbound ship to turn back from the country’s largest...

Rotterdam LNG Bunker Prices Surge Amid European Supply Concerns

Russia-Ukraine Conflict Disrupts Gas Flows, Pushing Prices Higher Norwegian Maintenance and Falling Gas Storage Levels Tighten Supply Singapore LNG Bunker Prices Rise as...

Dutch Biofuel Rebates Ease from Peak Levels

UCOME and HBE Fuels See Mixed Trends Across Singapore and Rotterdam. Biofuel Prices Rise in Singapore Amid Strong Market Activity. Volatility in Rotterdam’s...

Auramarine and Quadrise Partner to Support Maritime Decarbonisation

New Partnership Accelerates Adoption of Emulsion Fuels in Maritime Industry. Auramarine and Quadrise Join Forces for a Sustainable Maritime Future. MSAR and bioMSAR...

TSUNEISHI Launches the World’s First Methanol Dual-Fuelled Ultramax

Groundbreaking Methanol Fuel Technology in TSUNEISHI’s TESS66 Ultramax A Greener Future for Shipping: TSUNEISHI’s Latest Bulk Carrier Design TSUNEISHI Advances Carbon Neutrality with...

Hamburg and Vancouver Ports Partner on Decarbonization and Innovation

Hamburg and Vancouver join forces to address key maritime priorities. Port Authorities Unite for Maritime Decarbonization and Efficiency. Exchange programs to offer hands-on...

Prioritizing E-fuels For a Sustainable Future

A new report suggests that prioritizing e-fuels over biofuels would be more beneficial for biodiversity. E-fuels, produced using renewable energy, have a lower environmental...

HD Hyundai To Streamline Shipbuilding With Integrated Platform

HD Hyundai shipbuilding subsidiaries have partnered with companies like Siemens, Dassault Systèmes, Aviva, Napa, and Cadmatic to create an integrated platform for ship design...

Industry Leaders Discuss Tanker Market Trends

The Baltic Exchange hosted its annual Tanker Forum in Dubai, attracting over 140 industry professionals. The event, held during Bahri Week, focused on the...

LNG Rates Decline While Eastern LPG Market Surges

Spot rates drop across key routes as oversupply and limited demand persist. BLNG1 Aus-Japan holds steady while Houston-Cont sees sharp declines. Rising LNG...

Norway and Brazil to Cooperate on Climate-Friendly Shipping

Norway and Brazil collaborate on developing suitable routes and zero-emission fuels. IMO's 2050 Net-Zero Shipping Target Guides Norway-Brazil Project. Norway and Brazil to...