Singapore authorities respond to oil spill following vessel strike
The Maritime and Port Authority of Singapore (MPA) and other local partners have deployed assets in response to an oil…
Hamburg port services firm orders electric workboat pair
Flotte Hamburg, the marine services provider that serves clients in the Port of Hamburg in Germany, has placed an order…
Equinor breaks ground on offshore wind hub at South Brooklyn Marine Terminal
Equinor has begun construction works at the South Brooklyn Marine Terminal (SBMT) in New York, facilitating the rebuilding of the…
Russia resumes search for submarine lost in World War II
The Russian Ministry of Defence has confirmed that an expedition has been launched to attempt to locate a Soviet Navy…
China new home prices fall at fastest clip in nearly 10 years
China’s new home prices fell at the fastest pace in more than 9-1/2 years in May, official data showed on…
Iron ore slides on disappointing China data, dim near-term demand outlook
Iron ore futures prices slid on Monday after a batch of economic data in top consumer China undershot expectations and…
Baltic Index Flat As Gains In Smaller Vessels Offset Weaker Capesize
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, was steady on Monday…
Dry Bulk Second Hand Ships in High Demand
Demand for second hand bulkers has been quite strong since the start of 2024. In fact, according to the latest…
Third master hit with US sanctions over ‘Houthi-linked oil shipments’
US claims the aframax Otaria was part of a shipping network run by a Houthi financier to raise money for…
Tanker owners and crew face ‘rude awakening’ as new oil major vetting regime approaches
Kaiko Systems’ Fabian Fussek warns that some companies are overconfident in their ability to deal with expanded inspections