International Shipping News.

The Drewry LNG Shipping Equity Index increased 1.8% YTD (as of 28 September 2023), underperforming the S&P 500, which surged 12% during the same period. The share price of Golar LNG and Nakilat rose by 4.6% and 1.4%, respectively, while that of Flex LNG declined by 6.5%. In August, LNG shipping stocks under our coverage ... […]

ABS and U.S. shipping and logistics company Crowley signed an agreement to jointly explore the application of visualization technologies in both augmented reality (AR) and virtual reality (VR) environments. The new partnership agreement builds on Crowley’s augmented reality technology used in select vessels where crew use wearable technology to provide video and remote access at ... […]

Capesizes This week the cape market has been marked by varying levels of activity and changing sentiments. At the beginning of the week, the Pacific market showed promise for owners, with support from East Coast Australia coal cargo contributing to a positive outlook and two major players driving momentum, from West Australia to China, resulting ... […]

The impact on dry bulk shipping demand is likely to be minimal as the bilateral relations between Canada and India crumbled to an all-time low. The political row between Canada and India escalated last week, with both countries taking diplomatic actions to take a stance. The trade talks between the two countries have already been ... […]

Clean LR2 LR2 freight levels have appeared to have been somewhat unsettled this week with no clear direction. TC1 has bubbled around the WS130-135 level with Baltic TCE hovering around the $24,000/day round trip. Meanwhile a run to the UK-Continent on TC20 took a less than 1% dip to $3,825,000. West of Suez, Mediterranean/East LR2’s ... […]

There’s an undeniable demand for transformative solutions in the shipping sector. Shipping is a major emitter of greenhouse gases due to its reliance on cheap heavy fuel, making the industry’s cleanup efforts challenging. Under pressure from investors and the environmental community, the shipping industry is exploring new technologies to drive sustainability and reduce its impact ... […]

Five new ships are on their way to Ukrainian sea ports using a new corridor opened to resume predominantly agricultural exports, an alternative arrangement to the Black Sea grain deal blocked by Russia, the MarineTraffic database showed on Sunday. The MarineTraffic database showed earlier on Sunday that three cargo vessels left Ukrainian Black Sea ports ... […]

The Panama Canal, a vital international trade and logistics conduit, has recently been plagued by persistent low water levels, leading to shipping restrictions and delays. While these disruptions have significantly impacted global supply chains, they also present an opportunity for businesses to re-evaluate their logistics strategies. One solution that stands out for its ability to ... […]

ClassNK has released “Guidelines for Fuel Cell Power Systems On Board Ships (Second Edition)”, which cover safety provisions related to the design of ships powered by fuel cells as well as fuel cell power systems themselves, coming in anticipation of the growing adoption of fuel cells in maritime transport. Fuel cells are power systems that ... […]

A key stretch of the lower Mississippi River dropped this week to within inches of its lowest-ever level and is expected to remain near historic lows just as the busiest U.S. grain export season gets underway, according to the National Weather Service. Low water has slowed hauling of export-bound corn and soybean barges over recent ... […]