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Global LNG freight falls sharply as Bintulu LNG’s up to three trains temporarily down
Latest Maritime News
Keeping you in the know.
Global LNG freight falls sharply as Bintulu LNG’s up to three trains temporarily down
17 Apr, 2025
Global LNG freight tumbled sharply April 16 as at least three of the nine trains at Bintulu LNG were temporarily down due to technical issues and this delayed export loadings at the port, prompting shippers to relet their ships, two sources with a direct knowledge of the matter said. “Some of the LNG tankers that ...
Fortescue and CMB.TECH sign agreement for ammonia-powered ore carrier
17 Apr, 2025
Fortescue has signed an agreement with Bocimar, part of CMB.TECH, to charter a new ammonia-powered vessel. This emphasises the commitment of both companies to decarbonise the shipping industry. The 210,000 dwt Newcastlemax vessel is expected to be delivered to Fortescue by the end of next year and will play a vital role taking iron ore ...
IMO’s net-zero strategy for global shipping starts with pricing carbon but it’s not perfect
17 Apr, 2025
The IMO has adopted a framework that puts a price on carbon exceeding target levels On Friday, 11 April, the Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) agreed upon a set of mid-term measures to get the sector on track to net-zero by 2050. This follows the global shipping regulator’s earlier ...
Landmark IMO deal set to shake up shipping
17 Apr, 2025
A decisive moment for global shipping regulation unfolded last week as the International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC) concluded its 83rd session, which culminated in the approval of draft amendments establishing the ‘IMO Net-Zero Framework’. This global mechanism will combine mandatory greenhouse gas (GHG) limits with carbon pricing for the maritime sector ...
Russian Arctic oil exports to China jump helped by STS transfers, sources say
17 Apr, 2025
Russia’s Arctic oil exports to China are set to rise sharply this month buoyed by a jump in ship-to-ship transfers at sea to ensure tankers pulling into port are not on U.S. sanctions lists, according to traders and data from Vortexa. The Arctic oil business accounts for a tenth of Russia’s seaborne oil exports which ...
Baltic Index Rises On Strong Rates Across Vessels
17 Apr, 2025
The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, rose on Friday as demand increased across all vessel segments. The main index, which tracks rates for capesize, panamax and supramax shipping vessels, gained 20 points, or 1.6%, to 1,261. But the index was down 1% for the ...
FLNG Gimi completes first LNG offload
17 Apr, 2025
Golar LNG Limited (“Golar”) is pleased to announce that FLNG Gimi completed the offload of its first full LNG cargo to the LNG carrier British Sponsor. This introduces Mauritania and Senegal to the international gas market and triggers the final pre-Commercial Operations Date milestone bonus payment to Golar under the terms of the commercial reset ...
IMO: Outcomes of the Marine Environment Protection Committee (MEPC 83)
17 Apr, 2025
The Marine Environment Protection Committee (MEPC) met for its 83rd session in person at IMO Headquarters in London (with remote participation enabled) from 7 to 11 April 2025. The meeting was chaired by Dr. Harry Conway (Liberia), with Mr. Hanqiang Tan (Singapore) as Vice-Chair. MEPC 83 highlights: Tackling climate change – Mid-term measures to reduce ...
Record-breaking carbon emissions in ocean container shipping: here’s what shippers need to know
17 Apr, 2025
Latest data reveals global ocean container shipping emitted all-time high carbon emissions in 2024, driven largely by the impact of conflict in the Red Sea. The data, released by Xeneta and Marine Benchmark this week, is a timely reminder that, while the geo-political climate is heating up due to the US tariff announcements, we must ...
Trade war fallout: Cancellations of Chinese freight ships begin as bookings plummet
17 Apr, 2025
U.S. importers are being notified of an increase in canceled sailings by freight ships out of China as ocean carriers try to balance the pullback in orders resulting from President Trump’s tariffs and the escalation of tensions in the trade war. A total of 80 blank, or canceled, sailings out of China have been recorded ...
WISTA India Conference shines spotlight on sustainable shipping and diversity success
17 Apr, 2025
Sustainable shipping and successes in diversity took centre stage at the inaugural WISTA India ExCo Conference in Mumbai, which coincided with the first WISTA International Mid-Term Meeting to take place in India. With WISTA International membership exceeding 6,000 this month, the Executive Committee (ExCo) met over two days to discuss topics that included the professional ...
Xeneta Weekly Ocean Container Shipping Market Update: Average spot rates from Far East to Mediterranean increased 6.8%
17 Apr, 2025
Average spot rates from Far East to US East Coast and US West Coast are flat during April to stand at USD 3951 per FEU (40ft container) and USD 2910 per FEU respectively. Average spot rates from Far East to North Europe increased 4.8% on 15 April to stand at USD 2457 per FEU. Average ...
Leading Maritime charities partner to launch industry-first programme to support neurodivergent seafarers
17 Apr, 2025
As part of our ongoing efforts to foster greater equity, diversity and inclusion within the maritime space, NeurodiversAtSea, the Seafarers Hospital Society and The Seafarers’ Charity are delighted to announce the launch of an industry-first project to provide tailored support to neurodivergent seafarers. The project builds upon research conducted by NeurodiversAtSea which identified a lack ...
