This Week Trends
The Shanghai International Energy Exchange (INE) on Thursday (26 November) signed an agreement with Petro China International Co Ltd for the overseas delivery for its low Sulphur fuel oil (LSFO) futures contract, reportes Reuters.
About the Partnership
"The partnership is a...
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced that it has reached an agreement with Kawasaki Heavy Industries, Ltd. (KHI; President: Yoshinori Kanehana; headquarters: Minato-ku, Tokyo) on the joint development of technologies that enhance vessel reliability...
• Long lead times in US West Coast
• Barge loadings and deliveries disrupted by weather off the Gulf Coast
• South American eastern coast ports particularly tight
A recent news article published in the ENGINE talks about Americas Bunker Fuel Availability...
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Hot Stuff Coming
Will This Christmas Promise a Miracle for the Stock Market?!
Christmas eve’s stock apocalypse was another buy-the-dip moment, reports Bloomberg.
It was the night before Christmas last year, the worst moment of Wall Street’s bleakest...
Giant Ship Stuck in the Suez Canal Is Finally Free, 357 Vessels Pass Across
The Suez Canal is set to resume operations today after the 20,388 teu Ever Given was re-floated overnight, reports the Loadstar.
Ship refloated!
While the vessel’s...
Wallem And COSCO Collaborate On Innovative Maritime Solutions
Wallem Group, a marine transport management company, announced the signing of a strategic cooperation deal with COSCO Shipping Seafarer Management Company to strengthen collaboration...
Singapore Clears South Korean Hanwha’s Buyout of Dyna-Mac
Singapore's competition regulator cleared South Korean conglomerate Hanwha Group's S$790.6 million ($589.30 million) takeover offer for oil contractor Dyna-Mac (DMHL.SI), on 15 Nov, 2024.
The...
LATEST ARTICLES
Hanwha Ocean Expands Fleet with Five New Vessel Orders
Hanwha Shipping transitions from a test platform to a full-fledged U.S.-based shipping operator.
The company has placed five vessel orders, including VLCCs and...
Houthi Attacks Raise Insurance Costs, but Shipping Traffic Holds Steady
War risk insurance premiums for Red Sea transits have more than doubled following fatal Houthi attacks on Greek vessels.
Despite the spike in...
ReCAAP ISC Urges Heightened Vigilance and Increased Patrols Amidst Escalating Maritime...
Over the past week, from July 1 to July 7, 2025, the ReCAAP Information Sharing Centre (ISC) received reports of a total of 11...
New Research Exposes “Unrelenting Soundtrack” of Warnings Leading to Alarm Fatigue...
The pervasive "Beep. Beep. Beep." of alarm systems has become an "unrelenting soundtrack" for bridge officers and control room engineers on modern ships, often...
COSCO SHIPPING YANGPU Sets Sail: Pioneering Green Methanol Application
The COSCO SHIPPING YANGPU, heralded as China's first domestically built methanol dual-fuel containership, completed its maiden voyage to the Port of Yangpu in Hainan...
Capesize Collapse and Looming Iron Ore Oversupply Signal Tougher Times Ahead
The global dry bulk shipping market is currently experiencing a downturn, primarily due to a sharp and unexpected collapse in Capesize rates in the...
Dryad Global Report Details Complex and Shifting Maritime Security Risks Across...
Dryad Global's latest Maritime Intelligence Brief confirms that the global maritime landscape remains highly volatile, driven by ongoing geopolitical tensions and regional instabilities. The...
Seabound Pilots Modular System Aiming for 95% Emissions Reduction on Existing...
The shipping industry faces a formidable challenge in decarbonization, often classified as a "hard-to-abate" sector due to its heavy reliance on fossil fuels and...
Integrated Maritime Simulation Project Selected for K Program
A major industry-academic consortium led by MTI Co., Ltd. has launched a five-year project to create a next-generation Integrated Simulation Platform for ship...
Anemoi Opens Cutting‑Edge Rotor Sail Production Facility
Anemoi Marine Technologies has launched a state-of-the-art Rotor Sail production hub in Jingjiang City, China, with a capacity of up to 250 units...