Pressure builds for charge on global shipping sector’s CO2 emissions
THE European Union, Canada, Japan and climate-vulnerable Pacific Island states are among 47 countries rallying support for a charge on the international...
Venture Global buys LNG shipping fleet to market fuel worldwide
VENTURE Global LNG, the United States liquefied natural gas (LNG) exporter embroiled in a dispute with several of its customers, is acquiring...
Hapag-Lloyd to seek cost cuts after net profit slump
GERMAN container shipper Hapag-Lloyd on Thursday (Mar 14) said global vessel oversupply and a crisis in the Red Sea will force it...
Number of ships sailing around Africa up 85% on Houthi attacks
THE number of vessels sailing around the southern tip of Africa is up 85 per cent from the first half of December...
Baltic Exchange Shipping Insights
CapesizeThroughout the week, the capesize market experienced shifts in sentiment and activity. The week commenced robustly in the Pacific, with all three...
Jurong Island Terminal to be expanded by 2025 to meet growing demand
JURONG Island Terminal (JIT) handling capacity will be expanded by 2025 to meet growing demand for barge-sailing services from industries based on...
Flag-state performance on implementing international rules ‘improves’
THE International Maritime Organization (IMO) has a well-developed regulatory framework to ensure ships operate in a safe and environmentally friendly way. A...
S$15 million addition to Maritime Cluster Fund among moves to improve sector’s sustainability
A NEW pillar under Singapore’s Maritime Cluster Fund will co-fund sustainability efforts by companies, with S$15 million set aside until 2030.
Singapore, Australia ink pact for green and digital shipping corridor
SINGAPORE and Australia have signed a memorandum of understanding (MOU) to establish the Singapore-Australia Green and Digital Shipping Corridor (GDSC).
War insurers shrug off Rubymar sinking in Red Sea, rates stable
THE cost of war risk insurance through the Red Sea remained stable on Monday (Mar 4) despite the sinking of the Rubymar...