International Shipping News.

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, extended its losing streak to a sixth straight session on Friday, dragged down by declining rates for capesize shipping vessels. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 26 points, or 1.4%, ... […]

This week’s chart underscores signs of a slight upward movement in the growth of dirty VLCC tonne days from the Arabian Gulf to the Far East, rebounding from the bottom low seen at the beginning of July. This positive trend is mirrored in WS rates for the MEG-China route, which recorded an uptick this week. ... […]

A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia. While ammonia offers the alluring prospect of slashing greenhouse gas emissions, MIT researchers warn that without stricter regulations, the switch could come at a cost to human health. The problem ... […]

Mega-infrastructure projects: I am very sceptical about the mega-projects that are supposed to take place in the Middle East. I take this opportunity to invite you to connect with me on LinkedIn, as I have published long articles on the current geopolitics of the Red Sea. Today I will just say this: The Saudis are ... […]

Iran has released the oil cargo of a Greek-owned, Marshall-Islands-flagged tanker it seized in the Gulf of Oman earlier this year, a shipping source told Reuters on Thursday. The vessel, M/T St. Nikolas, is still being held by Iran, the source added. It was laden with 1 million barrels of Iraqi crude oil destined for ... […]

Asia’s market for very low sulphur fuel oil (VLSFO) logged a weekly climb, while downstream bunker premiums received an uplift after being trapped in a tight range for over four months. Singapore premiums for delivered VLSFO bunker fuel breached $16 per metric ton this week, with support coming from tighter supply for prompt delivery dates, ... […]

In response to the growing number of maritime accidents attributed to communication errors, VIRSEC, an award-winning, e-Learning company based in Manchester, UK, proudly announces that the suite of seven Maritime English Tests (METs) have been approved by the American Bureau of Shipping (ABS). The fully online tests are designed to officially assess and certify the ... […]

ClassNK has released the latest ‘ClassNK Technical Journal’, which has been published for contributing to the advancement of technology and society through the outcome of R&D and technical activities. The latest issue, ‘ClassNK Technical Journal No.9 2024 (I)’ features entitled ‘Initiatives for Vehicle Carrier Fires’, which introduces the guidance for the safe transportation of EVs ... […]

North America Houston has experienced a slight surge in bunker fuel demand this week, leading to tight availability across all fuel grades for prompt supply. Most suppliers are fully booked until the first week of August, with only one supplier able to offer VLSFO and LSMGO stems in smaller quantities with a lead time of ... […]

Entrusted by the transferor (the Sellers), we have scheduled to hold a public bidding online (www.shipbid.net) from 16:00 to 16:30 (Beijing time) on July 31st, 2024. 1. Bidding Object: MT “XING TONG YOU 69”, Chemical/Oil Tanker; T-2 Chemical/Oil Tanker(flash point≤60℃); Double bottom double hull; Class Society: Domestic CCS; PoR: Quanzhou, China; Trading Area: offshore; LOA: ... […]