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Finnish Energy Solutions Provider WE Tech Solutions Announces Establishment of New Office in China
Latest Maritime News
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Finnish Energy Solutions Provider WE Tech Solutions Announces Establishment of New Office in China
02 Jul, 2025
WE Tech Solutions, a leading provider of energy solutions for the shipping industry, is proud to announce the opening of a new office in China. This strategic expansion highlights the company’s commitment to strengthening its global presence and enhancing its ability to serve customers in the rapidly growing Chinese market. The new office, located at ...
Baltic Index Hits Near One-Month Low As Capesize Demand Slips
01 Jul, 2025
The Baltic Exchange’s main sea freight index fell for a fifth-straight session on Tuesday, to hit a near one-month low, as demand for capesize vessels slipped. The main index eased 31 points, or 2.1%, to 1,458 points, its lowest level since June 3. The capesize index dropped 100 points, or 4.7%, to 2,011 points, lowest ...
Sulnox new advisory board – Tugendhat joins global supply chain experts; Logothetis chairs
02 Jul, 2025
Two-time Tory Party leadership hopeful Tom Tugendhat, the senior British politician, is joining Sulnox’s new advisory board of global supply chain heavyweights. The greentech company, which is backed by major shipping investors including Idan Ofer and Constantine Logthetis, says the Global Advisory Board will provide strategic guidance to the Sulnox Board of Directors as the ...
SMT meets industry demands for increased methanol training
02 Jul, 2025
Methanol is leading the fight as a cleaner and sustainable alternative marine fuel in the drive to hit IMO net zero targets by 2050, but with some flag states requiring additional teaching over and above the Basic and Advanced IGF courses required under STCW and class, shipowners are demanding higher levels of awareness training for ...
Four die as vessel capsizes in Suez Gulf; three still missing
02 Jul, 2025
At least four people died when a vessel capsized while being towed in the Gulf of Suez, one of Egypt’s prominent Red Sea oil production sites, the vessel operator’s Saudi Arabian owner, ADES Holding Company, said on Wednesday. The incident occurred around 130 nautical miles from the southern entrance of the Suez Canal and has ...
ClassNK grants Innovation Endorsement for Products & Solutions to ‘CMAXS LC-A’ developed by MITSUI E&S Co., Ltd. and Mitsui E&S DU Co., Ltd.
02 Jul, 2025
ClassNK has granted its Innovation Endorsement for Products & Solutions to ‘CMAXS LC-A’ an engine monitoring system and service, developed by MITSUI E&S Co., Ltd. and Mitsui E&S DU Co., Ltd. In order to promote the spread and development of innovative technologies, ClassNK has offered Innovation Endorsement for Products & Solutions. ClassNK supports the deployment ...
New OSPAR Restrictions on Scrubbers in Ports: Rush to Judgment
02 Jul, 2025
Last week’s OSPAR decision to restrict the use of Exhaust Gas Cleaning Systems(“scrubbers”) in the North Atlantic ports and inland waters of the Contracting Parties (member states) in OSPAR, projected to start in 2027, has created a questionable precedent. Most (not all) of the Environmental Ministers present agreed to creating what is in fact a ...
What’s Behind The Resilience of Our Container Shipping Ratings Amid Trade And Tariff Disruptions?
02 Jul, 2025
Ratings on container shipping companies may show resiliency despite trade tensions continuing to disrupt global freight, trade patterns, and supply chains. S&P Global Ratings anticipates that the container liners and containership tonnage providers we rate will sustain credit metrics within our rating thresholds, even in the face of heightened volatility. Our rated container liners are ...
Voyage estimating made even easier with latest expansion of Baltic Exchange’s bunker report
02 Jul, 2025
From owners and operators to charterers and brokers, the need to make critical data-driven decisions when it comes to time charter equivalent (TCE) calculations is vital to maximise a vessel’s potential earnings. This is the case for vessels on either the spot or futures market as expenses related to port fees, insurance and crew costs ...
Hydor SA joins Green Award as Incentive Provider, supporting certified vessels with spare parts discount
02 Jul, 2025
We are pleased to welcome Hydor SA, a family-owned company with over 40 years of experience in the marine spare parts sector, as the newest Incentive Provider in the Green Award programme. Headquartered in Piraeus, Greece, Hydor has built a strong reputation supplying high-quality spare parts for pumps, compressors, separators, and related components to vessels ...
Denmark – almost – at the top of international safety list for the fifth year in a row
01 Jul, 2025
On the newly published Whitelist from Paris MoU — which shows how ships flying different flags perform under port state controls in the ports of Paris MoU member countries — Denmark is ranked in second place. This time, Denmark has just been overtaken by France, which sneaks into first place. Denmark had otherwise firmly held ...
HSFO softens into discount; structure flips to contango
01 Jul, 2025
Asia’s spot differential for high sulphur fuel oil (HSFO) sank into a discount on Tuesday, while the prompt market structure flipped from backwardation into contango amid bearish market conditions. Supply inflows are expected to remain plentiful into July, trade sources said, while demand for bunker fuel has not seen much uptick. Singapore’s 380-cst HSFO cash ...
East of Suez Fuel Availability Outlook
01 Jul, 2025
Singapore and Malaysia In Singapore, VLSFO lead times remain highly variable despite weak demand. Some suppliers are quoting as little as six days, while others advise booking up to two weeks in advance due to long-term nominations, which are typically contract-based stems that take priority over spot demand. However, this marks a slight improvement from ...
