LATEST ARTICLES

Spot LNG Shipping Rates Drop, European Prices Climb

Global LNG spot charter rates continue to decrease this week, while European LNG prices rose compared to the previous week. Spot rates in both the Atlantic and Pacific basins are at their lowest...

Singapore Player Expands Vessel Fleet And Shipping Horizons With MMA Offshore Acquisition

Singapore's Cyan MMA Holdings, a subsidiary of offshore wind vessel operator Cyan Renewables, is set to acquire Australian offshore vessel company MMA Offshore through a scheme of arrangement. This deal, valued at over...

Wan Hai Lines Names New 3,055 TEU Container Ships

Taiwan's Wan Hai Lines celebrates the naming of its new container ships, Wan Hai 372 and Wan Hai 376. These 3,055 TEU boxships from Japan Marine United Corporation reflect the company's focus on...

Port Of Riga Leads European Green Collaboration

The Port of Riga has become one of the founding members of the Association of Four Sea Ports. The port signed a joint declaration of cooperation with the Ports of Cartagena (Spain), Trieste,...

Seaspan Energy Launches 2nd Ship In New LNG Bunkering Trio

Seaspan Energy has launched the second of its three 7,600 cubic meter LNG bunkering vessels. Called the Seaspan Lions, it is named a pair of pointed peaks along the North Shore Mountains in...

ClassNK Awards AiP For Methanol Fuel Supply System

ClassNK has awarded an approval in principle (AiP) for methanol fuel supply system developed by Mitsui E&S Shipbuilding Co., Ltd. ClassNK has reviewed the conceptual design of the system developed by Mitsubishi Shipbuilding...

Siem Offshore Agrees to Sell Nine Vessels to Siem Sustainable Energy

Siem Offshore Inc. (the “Company”) has agreed to sell 9 of its vessels (Siem Barracuda, Siem Stingray, Siem Opal, Siem Pearl, Siem Topaz, Siem Pilot, Siem Pride, Siem Symphony and Siem Thiima) to the...

Global Bunker Market Trends and Declining Ship Recycling Rates

During Week 15, the MABUX global bunker indices experienced a marginal decline. The 380 HSFO index fell by 3.26 USD: from 553.99 USD/MT last week to 550.73 USD/MT. The VLSFO index decreased by 3.08...

China’s Ningbo-Zhoushan Port Reports Steady Container Throughput Growth

Ningbo-Zhoushan Port in east China's Zhejiang Province saw its container throughput total 9.14 million twenty-foot equivalent units (TEUs) in the first quarter of 2024, up 11.7 percent year on year, according to the provincial...

Americas Bunker Prices Increase Amid Geopolitical Tensions

Bunker prices in the Americas have mostly risen alongside Brent, with bunker operations remaining suspended in Argentina's Zona Comun due to rough weather and technical issues. Houston's LSMGO price increased significantly due to...