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Latest maritime news.
Oil shipping rates soar on higher Mideast exports, tighter vessel availability
Latest Maritime News
Keeping you in the know.
Oil shipping rates soar on higher Mideast exports, tighter vessel availability
18 Sep, 2025
Freight rates for Very Large Crude Carriers soared to their highest in more than two years, according to industry sources and LSEG data, as tanker supply tightens with a rise in Middle East exports and more arbitrage supplies to Asia. The key VLCC spot rate on the Middle East to China route, known as TD3C ...
MABUX: Bunker Market Finds Its Balance
18 Sep, 2025
At the end of the 38th week, MABUX global bunker indices continued to fluctuate in different directions without a clear trend. The 380 HSFO index showed only a symbolic increase of 0.69 USD, moving from 452.10 USD/MT last week to 452.79 USD/MT, thus still remaining around the 450 USD mark. In contrast, the VLSFO index ...
More than 500 alternatively-fuelled container ships now on order
18 Sep, 2025
“As of end August 2025, 534 container ships are on order which will be able to use alternative fuels upon delivery. These represent 53% of ships on order and 77% of the TEU,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO. In addition to these alternatively-fuelled ships, the order book also includes 321 ships that ...
GCMD’s Project LOTUS confirms long-term operational feasibility of B24 biofuel blend in vessels
18 Sep, 2025
The Global Centre for Maritime Decarbonisation (GCMD) yesterday released its Project LOTUS (Long-term impact of continuous use of biofuels on vessel operations) report. Launched in partnership with NYK Line on 9 May 2024, the six-month trial onboard a pure car and truck carrier (PCTC) assessed the impact of continuous use of a B24 blend, comprising ...
Shipping firms face ‘disasters’ if IMO fails to adopt green bunker rules: industry leaders
18 Sep, 2025
A failure of the International Maritime Organization to adopt new decarbonization rules will lead to fragmenting regulatory regimes across the globe, resulting in more regulatory burdens and unfair competition for shipping companies that could be disastrous, senior maritime executives and officials said Sept. 17. The UN agency’s member states are expected to vote on the ...
Carrier Transicold Launches Reefer Enhancement and Next-Life Program to Boost Fleet Efficiency and Sustainability
18 Sep, 2025
Carrier Transicold has launched the Reefer Enhancement and Next-life (REN) Program, an innovative solution aimed at extending the service life, improving energy efficiency and reducing total operating costs of mid-life PrimeLINE® refrigerated units. The REN Program marks the newest advancement within Carrier’s Transform Line, a portfolio of modernizations and retrofit solutions empowering transport refrigeration customers ...
Baltic Index Rises To Near-Two-Month High On Strong Capesize Rates
18 Sep, 2025
The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, rose to a near-two-month high on Thursday, supported by higher capesize rates. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 25 points, or 1.2%, to 2,205 points, its highest level since ...
Goltens secures milestone Middle East distribution agreement with Germany’s PEINER SMAG
18 Sep, 2025
Goltens Worldwide subsidiary Goltens Company Ltd, Dubai Branch, has signed an exclusive distribution deal with German specialist in lifting solutions, PEINER SMAG Lifting Technologies GmbH (PSLT), under which Goltens Dubai and its local affiliates – Goltens Co. Ltd-Abu Dhabi, Goltens Red Sea (Saudi Arabia) and Goltens Bahrain Co. WLL – will exclusively represent PSLT’s comprehensive ...
VLSFO softens; Nigeria offers LSSR fuel for October
18 Sep, 2025
Asia’s very low sulphur fuel oil (VLSFO) market softened on Thursday, with the supply outlook remaining ample into the next quarter, industry sources said. Nigeria’s Dangote refinery is offering more low-sulphur straight run fuel amid a persistent stream of tenders recently. The cargo of 130,000 tons is set to load from Lekki between October 6 ...
Freight Investor Services Launches New LPG Desk
18 Sep, 2025
Freight Investor Services (FIS), the leading freight and commodity brokerage, has announced today the launch of a Liquid Petroleum Gas (LPG) Desk, expanding its derivatives offering and enabling clients to manage risk in one of the most dynamic areas of the energy market. The desk will be led by Rohan Unni, an industry veteran with nearly ...
Europe & Africa Fuel Availability Outlook
18 Sep, 2025
Northwest Europe Fuel availability is stable in the ARA bunkering hub this week, a trader said. For LSMGO deliveries, buyers are advised to book 4-5 days ahead to get good coverage from suppliers. Lead times of 5-7 days are advised for VLSFO and HSFO supplies. ARA’s independently held fuel stocks have dipped by 1% in ...
Lloyd’s Register and NSML sign MoU to boost maritime skills and training in West Africa
18 Sep, 2025
The partnership reflects a shared ambition to provide high-quality training opportunities for seafarers and maritime professionals across Africa. Lloyd’s Register (LR) has signed a Memorandum of Understanding (MoU) with NLNG Shipping and Marine Services Limited (NSML) to expand access to maritime training and advisory services across West Africa. The agreement, announced at Gastech 2025, brings ...
Wärtsilä Lifecycle Agreement to enhance operational reliability of three CLSICO LNG ships
18 Sep, 2025
Technology group Wärtsilä has signed a 15-year Lifecycle Agreement covering three LNG carriers for China LNG Shipping (International) Co. Ltd. (CLSICO). The agreement is designed to ensure operational reliability, enable flexibility in maintenance scheduling and optimise the ‘time between overhauls’ (TBO) for each of the vessels. The agreement, which came into effect in August 2025, ...