LNG Bunker Snapshot: Rotterdam’s Price Falls On Ample Gas Supply

Rotterdam’s LNG bunker price has shed some due to strong supply and lower gas demand in Europe, while Singapore’s price has increased amid concerns...

Biofuel Bunker Snapshot: Prices Drop In Key Bunker Hubs

In Singapore, biofuel prices have dropped due to declines in conventional fuel and China UCOME prices. Rotterdam saw sharper biofuel price drops, particularly in...

ABS To Lead Digital Twin, Condition Monitoring Project For Petrobras FPSOs

ABS has secured a contract to provide and test a digital twin solution for real-time condition monitoring for a Petrobras floating production, storage and...

MSC Takes Over Majority Stake In Wilson Sons

The world’s largest shipping company MSC has acquired a majority stake in Wilson Sons for R$4.352 billion (around US$765 million) from Ocean Wilsons, via...

Panama Issues Decree For Immediate Cancellation Of Sanctioned Vessels

The move comes two days before the President travels to Europe to address the inclusion of Panama in the European blacklist on tax evasion,...

Insurance Crackdown Could Ban Ships from India’s Port

For all vessels calling at Indian ports, the Directorate General of Shipping would require Indian port authorities to put in place a thorough procedure...

Ship Recycling Lab: Innovation Meets Sustainability!

Over 100 participants from various sectors worldwide met in Lisbon on October 9-10 for the NGO Shipbreaking Platform’s Ship Recycling Lab, focusing on...

Lessons Learned: Dangerous Space Fatality

The Bahamas Maritime Authority (BMA) has published a marine investigation report detailing a dangerous space fatality.What happened On the morning of 21 December 2021, a...

Reef in Peril: Samoa Faces Disaster from Wrecked NZ Navy Ship

During a reef survey, the New Zealand Navy Ship HMNZS Manawanui ran aground near Samoa’s Upolu coast, causing damage to the reef and...

MPA: Fire Breaks Out on Tanker Offshore Singapore

The Maritime and Port Authority of Singapore (MPA) has reported a fire on a Malta-flagged tanker in the East Johor Straits, reports Riviera Maritime...

Greek Shippers Take US$18b Gas Gamble

A new report: ‘Greek Speculative S&P Investments’ states that ~US$13.8bn of the figure has been spent on 59 liquefied natural gas (LNG) vessels,...

LNG Bunker Prices Drop in Rotterdam, Increase in Singapore

Brent futures and conventional fuel prices experienced declines this week, influenced by reduced Middle East supply concerns and renewed hopes for a ceasefire...

Risk Assessments: Key to Safe Vessel Operations

Enclosed spaces onboard vessels are hazardous, and strict protocols are required to ensure the safety of personnel during entry. Comprehensive risk assessments and...

Xeneta Summit: Revolutionizing Procurement with AI

Machine learning is set to revolutionize the ocean container shipping industry, helping predict future freight rate movements and improve procurement processes. Xeneta’s new...

China’s Role as a Global Crude Importer

China intensifies scrutiny of shipping emissions, requesting data from overseas shipowners as part of its regulatory shift. The move aligns with global trends,...

Weekly Market Report: Mixed Activity Across Sectors

VLCC Market Sees Limited Rate Movement Despite Increased Activity. Suezmax Rates Hold Steady Amid Skittish Sentiment in the Atlantic. Aframax Sector Shows Significant...

Ningbo Freight Index Update: Key Box Rates

The Ningbo Shipping Exchange has released its latest weekly composite index, covering the rates for 20ft, 40ft, and Hi Cube containers on major shipping...

LNG Shipbuilding Faces Oversupply Crisis Amid Global Energy Transition

According to SFOC, the LNG , shipbuilding industry is ramping up production of new carriers, seemingly disregarding the global shift toward a low-carbon economy,...

NorthStandard Club Issues Advisory for South Lebanon Ports, Confirms Normal Operations...

The NorthStandard Club has issued a warning advising vessels to avoid ports in southern Lebanon, including Sidon, Tyre, Jieh, and the Zahrani oil terminals,...

Sea Robbery Threats Persist in Singapore Strait: ReCAAP ISC Issues Alert

On 18 October 2024, the ReCAAP Information Sharing Centre (ISC) issued a warning to the maritime community about the ongoing threat of sea robberies...