International Shipping News.

Russia’s liquefied natural gas plant Yamal LNG, led by Novatek NVTK, has intensified LNG ship-to-ship transfers in the Murmansk region using four gas tankers at the same time, ship-tracking LSEG data showed on Monday. Novatek resorted to using four tankers after restrictions on the transshipment of Russian LNG at European ports for sale in third ... […]

The manager of a U.S. military-contracted tanker that was struck by a cargo ship off England’s northeast coast last month filed a lawsuit at London’s High Court on Monday over the collision. Stena Bulk Marine Services (USA) LLC and Crowley-Stena Marine Solutions LLC filed a lawsuit against MS Solong Schiffahrtsgesellschaft M & Co KG, a ... […]

The UP World LNG Shipping Index (UPI) dropped 2.04% (3.44 points) to 164.93, while the S&P 500 declined by 1.53%. European LNG demand remains strong as bunkers are about 33% full post-winter, but Asian LNG sales have slowed, making Europe the primary market. Spot rates stay low at around $28,000 per day. Meanwhile, market volatility ... […]

GHG emissions reduced by up to approximately 95% The world’s first commercial-use ammonia-fueled vessel, Sakigake, has successfully completed a three-month demonstration voyage, during which the vessel engaged in tugboat operations in Tokyo Bay and achieved a GHG-emission reduction of up to approximately 95%. The vessel was completed by Nippon Yusen Kabushiki Kaisha (NYK) and IHI ... […]

Hyundai GLOVIS is expected to report its largest operating profit since its establishment in the first quarter of this year. Yoo Ji-woong, a researcher at DAOL Investment & Securities, noted on the 31st, “We need to pay attention to the effects of the increase in finished vehicle freight rates starting this year and the revenues ... […]

Energy efficiency is the most immediate and cost-effective way to reduce emissions in the maritime sector while paving the way for alternative fuels. However, unlocking its full potential requires regulatory alignment, robust incentives, and industry-wide commitment. Data, technology, and smart economic incentives are essential for bringing clarity to the sector, establishing trusted baselines, and ensuring ... […]

Stolt-Nielsen posts 1Q (December-February) figures next Thursday. There was a downward movement in chemical tanker rates during the period followed by weaker USD and, most importantly, proposed USTR levies on Chinese-made ships and their owners. In the Book of Revelation, seven trumpets are sounded, one at a time, to cue apocalyptic events. Let us just ... […]

The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, fell to its lowest level in nearly three weeks on Monday, weighed by weaker capesize and supramax rates. The main index, which tracks rates for capesize, panamax, and supramax shipping vessels, eased 4 points to 1,598, its lowest ... […]

Shipbrokers are playing their part in the industry’s decarbonisation as it tussles with a tangle of emissions regulations, not least the EU Emissions Trading System (ETS) and FuelEU Maritime. Speaking at a joint Institute of Chartered Shipbrokers and Baltic Exchange webinar on ‘Counting the cost of emissions regulation’, Alastair Stevenson, head of digital analysis at ... […]

The Marine Environment Protection Committee (MEPC) will meet for its 83rd session in person at IMO Headquarters in London (with remote participation enabled) from 7 to 11 April 2025. The MEPC meeting will be preceded by the 19th meeting of the Intersessional Working Group on Reduction of Greenhouse Gas Emissions from Ships (ISWG-GHG 19), from ... […]