The Baltic Exchanges main sea freight index (.BADI) fell on Monday, pressured by a dip in the capesize and panamax vessel segments. The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, was down 17

London, 10October 2022.Dedicated newbuild contracting by regional Mediterranean owners will have to increase in the coming years to replace ageing vessels removed from the fleet as progressively tighter environmental regulations come into f

Alfa Laval has signed a partnership agreement with Cepsa, a leading international energy company committed to sustainable mobility and energy, to support the work to reduce CO\2\ emissions. During the three-year agreement period, Alfa Laval

As the shipping industry continues its journey to decarbonisation, our 2022 Alternative Fuels member survey reveals the current state of play, and the challenges members face as we look towards the IMOs 2030 and 2050 deadlines. In this, the

Suez Canal revenues increased in the third quarter of this year by 23.5 percent year-on-year to hit $2.1 billion the highest figure ever recorded, official data has revealed. This increase is supported by the unprecedented jump in revenues

The Capesize market inched higher this week as increased activity continues to lift expectations with the 5TC closing at $19,874, up 3,660 over the week. The Atlantic remains the more optimistic region. However, closing the week it looks li

Turbo SmartCare utilizesoperational data to re-invent turbocharger service agreements for medium-speed, four-stroke engine turbochargers. Data-led servicing enables optimized turbocharger maintenance for more flexibility,enhanced OPEX and p

The booming ro-ro market is attracting more and more foreign ship owners to order new ships in Chinese shipyards. Italian shipping giant Grimaldi has ordered two more 7,800 CEU ro-ro cargo ships at a high price in ChinaMerchantsJinlingShipy

On October 7, the Hong Kong registered OOCL SCANDINAVIA left the Yangshan deep-water Port, carrying 1,698 MG cars in containers. At the Haitong South Port terminal, 5,000 Tesla cars are being loaded onto the RO-RO ship. The two batches of v

Mitsui Co., Ltd. (Mitsui), Mitsui Co, Energy Trading Singapore Pte. Ltd.(METS), Maersk Oil Trading, a part of A.P Moller - Maersk (MOT) and American Bureau of Shipping (ABS) have agreed to jointly conduct a detailed feasibility study of met

On 30 September 2022, China added 15 million tonnes to its 2022 export quota for oil products. The quota includes 13.25 million tonnes for gasoline, diesel and jet fuel as well as 1.75 million for low-sulphur marine fuel. If headed for the

The Car Carrier market went into overdrive in mid August, after Nissan extended their 100,000 USD/Day rate on Lake Geneva (6,178 CEU, Jan 2015, Imabari) just four weeks into the deal. A record breaking fixture setting a higher high in a rag

Climate experts at a Thursday evening webinar urged China and the US to work together to reduce carbon emissions from ship and airplane traffic. So all of the momentum and leadership weve all been seeing and many of us have been a part of c

Copenhagen, Denmark A.P. Moller - Maersk (Maersk) announces that it has ordered a further six large ocean-going vessels that can sail on green methanol. The six vessels will be built by Hyundai Heavy Industries (HHI) and have a nominal capa

Cruise ships are getting ever bigger in size and are often described as being floating cities. For example, Royal Caribbeans Wonder of the Seas, currently the largest operational cruise vessel, caters to 7000 passengers in addition to its s