Suez Canal revenue drops as some shippers shun Red Sea
The Suez Canal's annual revenue dropped by almost a quarter in its latest…
Maersk says Red Sea shipping disruption having global effects
Red Sea shipping disruptions having a 'cascading impact' Ports across Asia…
NYK acquires multiple segments of ENEOS Ocean’s Shipping Business
On July 8, NYK and ENEOS Ocean Corporation, a consolidated subsidiary of ENEOS…
Chart of the Week: Ukrainian Grain Shipments to ALL Destinations
Dry Weekly Market Monitor - Week 29.2024 Snapshot of Spot Freight Rates,…
Freeport LNG expects partial production restart this week after Hurricane Beryl
Plans 'phased restart' of operations Power restored, facility repairs……
DNV and RACS sign collaboration agreement to provide emirates conformity assessment scheme
DNV has signed a collaboration agreement with RACS Quality Certificates…
Baltic index hits one-month low as capesize rates slide
The Baltic Exchange's main sea freight index, which tracks rates for ships…
Europe & Africa Fuel Availability Outlook 17 Jul 2024 by ENGINE
HSFO is still tight in the ARA hub Demand is low in Las Palmas…
NYK completes world's first truck-to-ship Ammonia Bunkering of Ammonia-Fueled Tugboat
In cooperation with JERA and Resonac to provide safe and secure fueling On…
Energy research must respond to China's market offensives
Hartmut Rauen, Deputy Managing Director of the VDMA, comments on the "Federal…
World Bank Group releases report on offshore wind development scenarios for Brazil based on analysis by DNV
Exploring Future Opportunities for Offshore Wind Energy in Brazil The…
QatarEnergy increases participation in Suriname's Offshore Exploration
QATARENERGY INCREASES PARTICIPATION IN SURINAME'S OFFSHORE EXPLORATION SIGNED…
Gazprom to send 42.4 mcm of gas to Europe via Ukraine on Thursday
Russia's Gazprom said it would send 42.4 million cubic metres (mcm) of gas to…
Lhyfe, Elyse Energy partner to produce e-methanol in France
French renewable hydrogen producer Lhyfe has partnered with Elyse Energy to…
ITOCHU, Nihon Shipyard, ClassNK and MPA, signed MOU for joint study of ammonia fueled bulk carriers
ITOCHU Corporation, ClassNK, Nihon Shipyard Co., Ltd., and Maritime and Port…
Fugro continues work with Community Offshore Wind on the US East Coast
Community Offshore Wind, a joint venture between RWE and National Grid…
On the road to zero emission ocean transport: lomarlabs signs with CargoKite
New collaboration to accelerate full-scale deployment of new zero-emission…
Transport Scotland plans to procure seven new electric ferries
Scottish state transport agency Transport Scotland plans to…
MSC Bellissima named ‘Asia's best cruise ship’
MSC Bellissima, the first international cruise ship to serve Japan since 2020,…
Navarino announces 90POE as Infinity Ready Certified Vendor
Navarino announced that 90POE has successfully achieved the Infinity Ready…
Clariant chooses FourKites to increase efficiency, response times and customer satisfaction
Clariant Achieves Unprecedented Levels of Visibility into Ocean Shipments…
GLEIF and WaveBL take trust and transparency in trade shipping to the next level with the implementation of the LEI and vLEI on Electronic Bills of Lading Platforms
A Collaboration That Elevates Efficiency, Security, and Compliance in Global…
CMA CGM signs AI partnership with Google
CMA CGM CMACG.UL: EMBARKS ON STRATEGIC PARTNERSHIP WITH GOOGLE TO DEPLOY AI…
MacGregor: A maritime pioneer navigating industry challenges with innovative solutions
Interview between Adonis Violaris of CSN and Athena Kanellatou, Operations…
LNG exports from Russia's Yamal LNG slow down in July, LSEG data shows
Exports of liquefied natural gas (LNG) from Russia's Yamal LNG plant have…
Rio Tinto's iron ore shipments miss estimates due to May train derailment
Global mining giant Rio Tinto, opens new tab, (RIO.L), opens new tab reported…
Japan, S. Korea refiners join China in buying Canadian TMX oil By Florence Tan
Asia's crude oil imports from Canada's newly expanded Trans Mountain pipeline…
Singapore prices fall across all grades for second consecutive day
Singapore price changes on the day to 12.00 SGT (04.00 GMT) today: VLSFO…
Shifting tides: Global piracy trends and emerging threats in 2024
As global trade continues to rely heavily on maritime routes, the security of…
Global demand, economic recovery drive China ship exports to surge 91%
In the first half of 2024, China's ship exports saw a staggering increase of…
East of Suez Market Update 16 Jul 2024 by ENGINE
Most prices in East of Suez ports have moved down, and bad weather has kept…
‘Blue Whale’ Tentatively Selected as First Drilling Site for Deep-Sea Gas Field in East Sea
Korea National Oil Corporation (KNOC) has designated “Blue Whale,” one of the…
Brent falls amid concerns over weakening demand in China
The front-month ICE Brent contract moved $0.41/bbl lower on the…
Energy trade value between Mexico and the United States fell in 2023 on lower fuel prices
The value of all energy trade between the United States and Mexico decreased…
Asia Fuel Oil-Benchmarks rangebound; Kuwait offers more HSFO
Fuel oil benchmarks were largely rangebound in Asia on Tuesday, while…
MAN Energy Solutions to deliver additional Heat Pump Unit for Aalborg’s District Heating
- Danish city set to cut up to 210,000 tons of CO2 emissions annually using a…
New flagship Sea Tel TVRO antenna improves program choice and service quality on cruise ships and mega yachts
Cobham Satcom has unveiled its most advanced maritime satellite TV antenna yet.…
VIKAND partners with MITSUI OCEAN CRUISES to provide first Class Medical Management for Japanese Market
VIKAND, global leader in maritime healthcare, has signed an agreement with…
How AI is helping defeat infant blindness in India
In the expanses of India, where healthcare resources can be limited, the use of…
Spanish banks Santander and EBN lead € 31 million financing for PLD Space's MIURA 5 launcher
The Spanish space launcher company PLD Space has signed a €31.2 million…
Falcon 9 Failure, Starlink Satellites to burn up on re-entry
On July 11, 2024, SpaceX launched Falcon 9 with 20 Starlink satellites from…
Harnessing the Wind and Data: Norsepower and NAPA's Vision for Sustainable Shipping
Interview between Adonis Violaris of CSN and Jukka Kuuskoski, Chief Customer…
Iraq to establish maritime single window for major ports
Iraq is embracing the move to digitalize its maritime sector, with plans to…
Piracy threat to crew persists despite global decline
The 2024 half-year reports on piracy and armed robbery by IMB PRC and…
Dirty-to-clean switch caps high LR2 tanker freight rates as supply widens
Expensive LR2 rates force dirty tanker cleanups Clean VLCCs bolstering Middle…
Minority shareholders of Siemens Gamesa approve capital reduction, paving way for complete integration into Siemens Energy
Siemens Gamesa minority shareholders approved a capital reduction for the…
Woodside and CPC sign Agreement for long-term LNG Supply
Woodside has signed a sale and purchase agreement (SPA) with CPC…
Eni and KazMunayGas announce commencement of construction for 250 MW Hybrid Power Plant in Kazakhstan
Eni and the National Company KazMunayGas (KMG) announce the commencement of…
CSN is calling for dynamic Speakers, Panelists and Sponsors to join the 1st CSN Mediterranean Energy Efficiency and Sustainability Conference 2nd October Limassol
CSN is calling for dynamic Speakers, Panelists and Sponsors to join the 1st CSN…
Alarming spike in dengue cases
Dengue is on the rise around the world, and vessels’ crews should be…
Bangladeshi banking sector called to action on ship recycling
Bangladesh’s banking and finance sector is being invited to step up support for…
Successful emissions reduction: Stena Drilling’s breakthrough in energy efficiency measures
Stena Drilling collaborated with DNV’s class independent Maritime Advisory…
Will the alternative steel making process suppress Capesize charter rates in the long term?
Even though the steel making process tries to move away from the blast…
Port State Control - 2024 Concentrated Inspection Campaign on Crew Wages and Seafarer Employment Agreements
The Paris Memorandum of Understanding on Port State Control (Paris MoU)…
Brazil's Manaus port applies low water surcharge anticipating drought season
Drought could be the worse in 10 years Cabotage companies announce alternative…
Signing of the Oslo Declaration: 5 policy questions related to CCUS
Port of Antwerp-Bruges, Fluxys and key players from the chemical industry…
Lummus and MOL Group begin engineering execution on Advanced Waste Plastic Recycling Plant in Hungary
Underscores Lummus and MOL’s commitment to developing sustainable solutions for…
Caspian Pipeline Consortium raises oil exports by 3% in H1, sources say
The Caspian Pipeline Consortium (CPC), which exports oil from Kazakhstan via…
First Senegalese crude cargoes bound for Dutch, German refineries: sources
First two cargoes to sail to Rotterdam, Trieste: sources said Pernis, MiRO…
India plans ship building JV between state-run refiners and Shipping Corporation of India
Indian Oil Corporation Ltd (IOCL), the largest OMC and refiner in the country,…
CHINA DATA: June oil products imports slump to 20-month low of 3 mil mt
June crude imports drop 11% on year to 11.4 mil b/d H1 crude imports fall 3%…
Asia Fuel Oil-VLSFO margin logs weekly drop amid ample prompt supply
Refining margins for very low sulphur fuel oil (VLSFO) posted a weekly…
Nippon Paint Marine successfully applies industry-leading FASTAR solution to over 1,000 vessels in just three years since launch
Nippon Paint Marine’s FASTAR product line, offering ultra-low…
Windward to optimise Global Trade & Supply Chain Management Through GenAI with AWS
Windward Joins the AWS ISV Accelerate Program and Collaborates with AWS to…
Pioneering the Decarbonisation Transition - An exclusive interview from Cyprus Shipping News with ERMA FIRST at Posidonia
Interview between Adonis Violaris of CSN and Efi Tsolaki, Chief Scientific…
Island Oil Holdings issues inaugural ESG Report
Island Oil Holdings, a diversified group of companies with a focus in the…
Closelink integrates NAVTOR real-time data into its lubricant procurement platform
Closelink GmbH, the leader in marine lubricant procurement, is excited to…
Ukraine seizes cargo ship, detains captain for exporting 'looted' grain
Ukraine seized a foreign cargo ship on the Danube River and detained the…
Iron Ore Flows & Capesize Tonne Days
This week's chart illustrates the increase in the monthly volume of…
Singapore fuel oil stockpiles hit six-week low, imports more than halve
Onshore fuel oil stockpiles at key trading and storage hub Singapore fell to…
MET Group secures long-term US LNG source from Shell
Swiss-based MET Group has entered into a long-term FOB (Free-On-Board) LNG…
Enagás sells its stake in Tallgrass Energy for 1,100 million dollars to face the hydrogen investment cycle
The transaction is part of the asset rotation policy announced by the…
Saipem agreement with bp for offshore activities in Azerbaijan
Saipem announces the signing of a framework agreement between BP Exploration…
bp to join ADNOC’s Ruwais LNG development
To take 10% interest in new ADNOC-operated LNG facility in Abu Dhabi…
BHP, Pan Pacific Copper and Norsepower deploy wind-assisted propulsion technology on vessel that set sail this month
BHP, together with Pan Pacific Copper (PPC) and Norsepower, completed the…
Dynelectro secures €11 million for 1-MW Dynamic Electrolyser Unit to boost hydrogen economy and enable the green energy transition
Dynelectro raises €11 million to develop and deploy their innovative 1-MW…
Rising shipping costs hit global trade hard
The effects of restrictions on shipping in the Red Sea and Panama Canal are…
Samsung, HMM clash in US over shipping rates
Samsung Electronics and HMM are engaged in an escalating legal dispute…
Bio-LNG bunker fuel key to supporting LNG's future in stricter maritime emissions climate
HIGHLIGHTS Bio-LNG prices range from $21/Gj to around $60/Gj depending on…
U.S. container import volume in June 2024 posts further strong year-on-year gains as labor talks stall at South Atlantic and Gulf Coast ports
June 2024 U.S. container import volume declined 2.1% from May but increased…
Germany: Hamburg port workers on 'warning strike' over pay
Employees have brought Germany's two biggest container hubs to a standstill,…
UNIATLANTICO becomes new majority shareholder in Maritime division of EMS-Fehn-Group
The renowned Hamburg-based shipping company UNIATLANTICO strengthens its…
Europe & Africa Market Update 11 Jul 2024 by ENGINE
Regional bunker benchmarks in European and African ports have moved…
Baltic index snaps 5-day losing streak on higher vessel rates
The Baltic Exchange's main sea freight index, which tracks rates for ships…
South America to see onshore wind capacity double in the next 10 years
Brazil, Chile and Argentina to drive 81% of regional growth, mainly boosted…
Which is the best Royal Caribbean cruise ship?
If you are looking for the best Royal Caribbean cruise…
BMT and Ocius to Revolutionise Maritime Data Collection with Autonomous "Satellites of the Sea"
BMT, a global leader in maritime design and technical consultancy, is excited…
Ioannis Mavrides takes on the position of Head of the Steamship Mutual office in Limassol
The Steamship Mutual Limassol office is nearing its fifth anniversary and now…
Stormy Seas Ahead: Tackling Legal and Operational Challenges of the EU ETS at the last Cyprus Marine Club gathering
On Tuesday, July 9th, Gazebo Mare - the new Cyprus Marine Club Limited…
DNV rules create new in-operation class framework, enable hydrogen vessels and on-board carbon capture
Classification society DNV has published updates to its rules for…
The obvious idea that slashes shipping's climate impact
A motto in much of the shipping industry is "sail fast, then wait" – which…
Value Maritime to decarbonise two ForestWave general cargo sister ships
Value Maritime advances ForestWave sustainability strategy with the supply of…
Panama Canal expects new water reservoir for ship crossings in 6 years
Cargo vessels transit through the Panama Canal, in Colon Cargo vessels transit…
East of Suez Fuel Availability Outlook by ENGINE
Singapore and Malaysia In Singapore, the immediate availability of VLSFO (0–2…
Woodside Energy awards Trion Offshore project to Corinth Pipeworks
Corinth Pipeworks announces that it has been awarded a significant contract by…
Wellesley Petroleum has proven oil and gas in the Gnomoria Appraisal (35/10-12 S) well in the North Sea, about 100 kilometres southwest of Florø
This is the first appraisal well to be drilled in production licence 1184 S,…
X-Press Feeders starts Europe’s first Feeder Network powered by Green Methanol, ushering in new era of sustainable shipping
X-Press Feeders, the world’s largest independent common carrier, has started…
Solar and wind uptake to reach 5.4 TWac from 2024 to 2033
Global solar deployment to add 3.8 TWac of new project capacity by 2033…
Asia Fuel Oil-HSFO cash premium fall after crude dips
Spot premium for high sulphur fuel oil (HSFO) trended lower on Tuesday after…