Forward Freight Agreements will play a key role in an increasingly volatile LNG market, says leading shipbrokers Simpson Spence Young [SSY]. Intercontinental Exchange [ICE] - an operator of global exchanges and clearing houses, has launched

The BIMCO Maritime Information department informs members on a weekly basis, updates about the COVID-19 in relation to implementation measures imposed by governments for sea transport including for crew change as well as from the United Nat

The worldwide container shortage pinching global trade will be relieved in the second half of this year as trade picks up, according to CIMB Thai Banks research office. The shortage crisis blew up in mid-2020 when containers shipped to Nort

As the lions share of the world fleet replaced high-sulphur fuel oil (HSFO) with low-sulphur fuel oil (LFSO) as a mean of propulsion to be compliant with the International Maritime Organizations (IMO) 2020 global sulphur cap that came into

The West Texas Intermediate for April delivery shed 4.6 U.S. dollars, or 7.12 percent to settle at 60 dollars a barrel on the New York Mercantile Exchange. The U.S. crude futures suffered their largest one-day percentage loss since Sept. 8,

Singapore, as one of the 20 Contracting Parties to the Regional Cooperation Agreement on Combating Piracy and Armed Robbery (ReCAAP), and host to the ReCAAP Information Sharing Centre (ISC), is pleased to have participated in the 15th Anniv

Indian Register of Shipping (IRClass), an international ship classification society, has won a contract to provide classification services for a fleet of Fast Patrol Boats Landing Craft Assault (LCAs) currently under construction for the In

Hapag-Lloyds 2020 net profit was US$1 billion, a year-on-year increase of 155%. Hapag-Lloyd published its annual report with audites business results for the 2020 financial year today. In the reporting year, Hapag-Lloyds earnings before int

On March 16, New Times Shipbuilding signed a contract with Chartworld for the construction of four 13,000 TEU container ships at a total cost of $420 million. The new ships will be operated with conventional power, and each ship will be equ

In the first two months of 2021, Brazilian iron ore exports have risen by 9.1% to 53.0m tonnes, driven by China. So far this year, 35.2m tonnes of iron ore has been exported to China, representing a 15.2% increase from the same period last

INTERCARGO re-iterated its commitment to a safe, efficient, high quality and environmentally sound dry bulk shipping industry at its semi-annual meetings which were held last week. The Executive Committee and the Technical Committee convene

The 15 th Governing Council Meeting of the ReCAAP ISC (the Centre) was held on 16 and 17 March 2021 by virtual modality, due to the ongoing COVID-19 pandemic. The Meeting was attended by the Governors/Representatives of the 20 ReCAAP Contra

On March 16, Qingdao Beihai Shipbuilding Heavy Industry christened and delivered the sixth 325000 dwt VLOC ORE ZHOUSHAN for China Merchants Energy Shipping and ICBC Leasing, marking the successful completion of the series of six VLOCs. The

China foiled criminals seeking to smuggle nearly 1 million tonnes of refined oil worth 5 billion yuan ($770 million), with officials seizing 11 ships and detaining 171 suspects in a sprawling swoop on Tuesday, customs authorities said. The

China resumed storing crude oil in the first two months of the year with almost 1 million barrels per day (bpd) being added to inventories in January and February, rebuilding stockpiles after a rare drawdown toward the end of last year. Abo