News


Baltic Index Edges Higher on Stronger Capesizes Rates

The Baltic Exchange's main sea freight index, which tracks rates for capesize, panamax and supramax vessels, edged up on Friday on stronger rates for the capesize vessel segment.The Baltic dry index was up 2 points, or 0.

Bunker Demand Returns to Pre-pandemic Levels

Asian refiners' profit from producing very low sulphur fuel oil (VLSFO) climbed to six-month highs this week as output cuts keep supplies tight while demand for the shipping fuel at most ports are back at pre-pandemic levels, traders and analysts said.

ONE to Launch New Europe-West Africa Service

Singapore-based container line Ocean Network Express (ONE) is to launch a new weekly Europe - West Africa Service (EWX) commencing in February 2021.ONE said the port rotation is subject to change, but

ABS Reaches an IHM Century with Seaspan

Classification society ABS reports it has scheduled its 100th Inventory of Hazardous Materials (IHM) Certification for Seaspan Ship Management, 98% of which are remote surveys.ABS says it is on course

Oil Tanker Transits Through the Suez Canal Drop 27% YOY -BIMCO

The number of oil tankers passing through the Suez Canal in October has declined sharply, down 27% for the month year-on-year amid persisting subdued demand for oil transport since the April crash in oil prices that fueled high demand for oil tankers, according to shipping association BIMCO.

Norwegian Shipyard Downsizes, Flips Focus to Repair and Service

One Norwegian shipyard has opted to focus on ship repair and service versus newbuild -- and downsize too -- to ride out COVID-19 and its impact on the world economy.New Havyard Ship Technology announced

BSM Gains DNV GL Approval for Remote Training Course

Bernhard Schulte Shipmanagement (BSM) said Wednesday it has received DNV GL class approval to offer the Liquified Cargo Operations (LICOS) training course remotely via its Maritime Training Centre (MTC) in Cyprus.

SMM Goes Digital: World's Largest Shipbuilding, Ship Tech Expo Scuttles Plans for Hybrid Event

Citing a spike in second-wave COVID-19 infection numbers SMM, where the world meets in Hamburg every two years for the latest updates on shipbuilding and ship machinery technology, has opted to take the event planned for February 2021 digital.

Sivandran Named Managing Director of BMT Asia

Suba Sivandran has been appointed the new Head of Asia for BMT based in Singapore, a move that coincides with the organization’s growth initiative in the region launched this month. He will oversee all commercial operations with a focus on driving new business into more complex,

New DNV GL Rules Drive Smart Ship Operation and Management

The maritime industry is undergoing a massive shift as vessels transform into sophisticated sensor hubs, generating data and connecting through satellites in an expanding interconnected web. To enable the uptake of these systems and unlock the associated efficiencies,

Baltic Index Hits Over Four-month Low

The Baltic Exchange's main sea freight index fell to a more than four-month low on Tuesday as weak demand from China dragged down vessel rates across all segments.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was down 21 points, or 1.

Thai Exports May Drop 7% This Year

Thailand’s exports may drop by 7% this year, an improvement on the 8-10% drop projected earlier and helped by a gradual recovery in global demand, but a strong baht remains a concern, the Thai shipping association said on Tuesday.