NYK-Affiliated IT Solution Developer Conducts Demonstration Experiment with SOMPO Group to Reduce Food Loss during Container Transportation
https://www.hellenicshippingnews.com/nyk-affiliated-it-solution-developer-conducts-demonstration-experiment-with-sompo-group-to-reduce-food-loss-during-container-transportation/
On March 24, NYK affiliate Symphony Creative Solutions Pte. Ltd. (“SCS”), an IT solutions developer for shipping and logistics, started a demonstration experiment in collaboration with SOMPO Japan Insurance Inc. (President: Koji Ishikawa; Headquarters: Shinjuku-ku, Tokyo; “SOMPO Japan”) and SOMPO Risk Management (President: Yoji Nakajima; Headquarters: Shinjuku-ku, Tokyo; “SOMPO Risk”) to develop a service that ...
https://www.hellenicshippingnews.com/nyk-affiliated-it-solution-developer-conducts-demonstration-experiment-with-sompo-group-to-reduce-food-loss-during-container-transportation/
On March 24, NYK affiliate Symphony Creative Solutions Pte. Ltd. (“SCS”), an IT solutions developer for shipping and logistics, started a demonstration experiment in collaboration with SOMPO Japan Insurance Inc. (President: Koji Ishikawa; Headquarters: Shinjuku-ku, Tokyo; “SOMPO Japan”) and SOMPO Risk Management (President: Yoji Nakajima; Headquarters: Shinjuku-ku, Tokyo; “SOMPO Risk”) to develop a service that ...
Bangladesh’s RPGCL seeks 3 LNG cargoes for May-June delivery, document shows
https://www.hellenicshippingnews.com/bangladeshs-rpgcl-seeks-3-lng-cargoes-for-may-june-delivery-document-shows-2/
Bangladesh’s Rupantarita Prakritik Gas has issued a tender seeking three spot cargoes of liquefied natural gas for delivery in May and June, according to a tender document on its website on Wednesday. RPGCL is seeking the LNG cargoes for delivery on May 22-23, June 5-6 and 19-20 in a tender that will close on April ...
https://www.hellenicshippingnews.com/bangladeshs-rpgcl-seeks-3-lng-cargoes-for-may-june-delivery-document-shows-2/
Bangladesh’s Rupantarita Prakritik Gas has issued a tender seeking three spot cargoes of liquefied natural gas for delivery in May and June, according to a tender document on its website on Wednesday. RPGCL is seeking the LNG cargoes for delivery on May 22-23, June 5-6 and 19-20 in a tender that will close on April ...
ABS' Wiernicki to Retire at the End of 2025
https://www.marinelink.com/news/abs-wiernicki-retire-end-524967
At the 163rd ABS Annual Members Meeting, the classification society says it has never been stronger, with substantial growth and leading safety performance reported. Key numbers in 2004 included the fleet growing to 300 million gross tons, giving…
https://www.marinelink.com/news/abs-wiernicki-retire-end-524967
At the 163rd ABS Annual Members Meeting, the classification society says it has never been stronger, with substantial growth and leading safety performance reported. Key numbers in 2004 included the fleet growing to 300 million gross tons, giving…
BAE Systems And UMOE Mandal Agree Future Maritime Collaboration
https://www.hellenicshippingnews.com/bae-systems-and-umoe-mandal-agree-future-maritime-collaboration/
A Collaboration Agreement has been signed between BAE Systems and Umoe Mandal that will see the two companies work together to further support Norway and the UK’s maritime requirements. The signing was completed at an industrial collaboration event in Mandal, in the south of Norway, in the presence of British and Norwegian industry and government ...
https://www.hellenicshippingnews.com/bae-systems-and-umoe-mandal-agree-future-maritime-collaboration/
A Collaboration Agreement has been signed between BAE Systems and Umoe Mandal that will see the two companies work together to further support Norway and the UK’s maritime requirements. The signing was completed at an industrial collaboration event in Mandal, in the south of Norway, in the presence of British and Norwegian industry and government ...
VIKING collaborates with offshore wind safety leaders to launch world’s first immersion suit designed for women
https://www.hellenicshippingnews.com/viking-collaborates-with-offshore-wind-safety-leaders-to-launch-worlds-first-immersion-suit-designed-for-women/
VIKING Life-Saving Equipment has launched the first Crew Transfer Vessel (CTV) immersion suit in the world designed for women working in offshore wind energy, using guidance on diversity and inclusivity from industry leaders Ørsted, Siemens and Vestas. The VIKING YouSafe™ Cyclone suit joins a growing portfolio of VIKING PPE whose fit and features reflect the ...
https://www.hellenicshippingnews.com/viking-collaborates-with-offshore-wind-safety-leaders-to-launch-worlds-first-immersion-suit-designed-for-women/
VIKING Life-Saving Equipment has launched the first Crew Transfer Vessel (CTV) immersion suit in the world designed for women working in offshore wind energy, using guidance on diversity and inclusivity from industry leaders Ørsted, Siemens and Vestas. The VIKING YouSafe™ Cyclone suit joins a growing portfolio of VIKING PPE whose fit and features reflect the ...
Atal Solutions Kicks Off $123.7M Retrofitting Project to Drive the Future of Green Shipping
https://www.hellenicshippingnews.com/atal-solutions-kicks-off-123-7m-retrofitting-project-to-drive-the-future-of-green-shipping/
If the shipping industry were a country, it would be the sixth-largest polluter in the world. With its $123.7M retrofitting project, Atal Solutions — alongside Damen Shipyards Group, Blue Astra Maritime Shipping, and a consortium of partners — is taking direct action to change that. This initiative represents a major step toward transforming the global ...
https://www.hellenicshippingnews.com/atal-solutions-kicks-off-123-7m-retrofitting-project-to-drive-the-future-of-green-shipping/
If the shipping industry were a country, it would be the sixth-largest polluter in the world. With its $123.7M retrofitting project, Atal Solutions — alongside Damen Shipyards Group, Blue Astra Maritime Shipping, and a consortium of partners — is taking direct action to change that. This initiative represents a major step toward transforming the global ...
Wilson adopts Tilla Technologies to optimise crew change operations across one of Europe’s largest short sea fleets
https://www.hellenicshippingnews.com/wilson-adopts-tilla-technologies-to-optimise-crew-change-operations-across-one-of-europes-largest-short-sea-fleets/
Tilla Technologies today announces that Wilson, one of Europe’s largest short sea shipping companies, will use its software to manage all crew changes across 101 vessels in its fleet. The rollout is planned for May 2025. The decision was based on the successful use of Tilla Technologies’ solution at Stödig Ship Management, which handles crew ...
https://www.hellenicshippingnews.com/wilson-adopts-tilla-technologies-to-optimise-crew-change-operations-across-one-of-europes-largest-short-sea-fleets/
Tilla Technologies today announces that Wilson, one of Europe’s largest short sea shipping companies, will use its software to manage all crew changes across 101 vessels in its fleet. The rollout is planned for May 2025. The decision was based on the successful use of Tilla Technologies’ solution at Stödig Ship Management, which handles crew ...
FuelEU Maritime compliance strategy is commercial priority for top management, says OceanScore
https://www.hellenicshippingnews.com/fueleu-maritime-compliance-strategy-is-commercial-priority-for-top-management-says-oceanscore/
FuelEU Maritime represents a strategic headache for shipping companies on the same level as its technical complexity. Senior management must evaluate the variables of different compliance options amid fluid economic parameters to make business-critical decisions – so an effective commercial strategy is vital to mitigate risk and manage outcomes, according to OceanScore. “The fundamental novelty ...
https://www.hellenicshippingnews.com/fueleu-maritime-compliance-strategy-is-commercial-priority-for-top-management-says-oceanscore/
FuelEU Maritime represents a strategic headache for shipping companies on the same level as its technical complexity. Senior management must evaluate the variables of different compliance options amid fluid economic parameters to make business-critical decisions – so an effective commercial strategy is vital to mitigate risk and manage outcomes, according to OceanScore. “The fundamental novelty ...
ENGINE: Europe & Africa Bunker Fuel Availability Outlook
https://www.hellenicshippingnews.com/engine-europe-africa-bunker-fuel-availability-outlook-181/
Northwest Europe After the Easter weekend, LSMGO is the only grade that is readily available in the ARA hub with recommended lead times of 3-5 days, a trader told ENGINE. Prompt supply for both HSFO and VLSFO is tight, with recommended lead times of 8-10 days and 5-7 days, respectively. The ARA’s independently held fuel ...
https://www.hellenicshippingnews.com/engine-europe-africa-bunker-fuel-availability-outlook-181/
Northwest Europe After the Easter weekend, LSMGO is the only grade that is readily available in the ARA hub with recommended lead times of 3-5 days, a trader told ENGINE. Prompt supply for both HSFO and VLSFO is tight, with recommended lead times of 8-10 days and 5-7 days, respectively. The ARA’s independently held fuel ...
Cargo Theft Report Reveals Rapidly Shifting Criminal Tactics And Emerging Targets
https://www.hellenicshippingnews.com/cargo-theft-report-reveals-rapidly-shifting-criminal-tactics-and-emerging-targets/
The BSI Consulting and TT Club 2024 Cargo Theft Report gives a detailed analysis of targeted commodities, prime locations for theft, regional hotspots and evolving strategies employed across the world. Detailed case studies are outlined and risk mitigation advice proffered. Of incidents analysed: · Food and beverages were most frequently stolen — 22% · 76% ...
https://www.hellenicshippingnews.com/cargo-theft-report-reveals-rapidly-shifting-criminal-tactics-and-emerging-targets/
The BSI Consulting and TT Club 2024 Cargo Theft Report gives a detailed analysis of targeted commodities, prime locations for theft, regional hotspots and evolving strategies employed across the world. Detailed case studies are outlined and risk mitigation advice proffered. Of incidents analysed: · Food and beverages were most frequently stolen — 22% · 76% ...
Sallaum Lines Selects Inmarsat Nexuswave To Drive Fleetwide Digitalisation Strategy
https://www.hellenicshippingnews.com/sallaum-lines-selects-inmarsat-nexuswave-to-drive-fleetwide-digitalisation-strategy/
Inmarsat Maritime, a Viasat company, has signed an agreement with Sallaum Lines, a leading Roll-on/Roll-off (RoRo) cargo shipping company, to upgrade to Inmarsat Maritime’s NexusWave fully managed bonded connectivity service, making it an early adopter in region. As Sallaum Lines expands its global presence, NexusWave will provide secure, ultra-fast connectivity with unlimited data, complemented by ...
https://www.hellenicshippingnews.com/sallaum-lines-selects-inmarsat-nexuswave-to-drive-fleetwide-digitalisation-strategy/
Inmarsat Maritime, a Viasat company, has signed an agreement with Sallaum Lines, a leading Roll-on/Roll-off (RoRo) cargo shipping company, to upgrade to Inmarsat Maritime’s NexusWave fully managed bonded connectivity service, making it an early adopter in region. As Sallaum Lines expands its global presence, NexusWave will provide secure, ultra-fast connectivity with unlimited data, complemented by ...
HSFO spot differential flips into premium
https://www.hellenicshippingnews.com/hsfo-spot-differential-flips-into-premium/
Spot differential for high sulphur fuel oil (HSFO) flipped back into a premium in Asia on Tuesday, after sinking into a discount since the start of April. Bids for Singapore 380-cst HSFO rose to premiums over cargo quotes, with a trade done at $3 a metric ton. Backwardation for the product is also supported on ...
https://www.hellenicshippingnews.com/hsfo-spot-differential-flips-into-premium/
Spot differential for high sulphur fuel oil (HSFO) flipped back into a premium in Asia on Tuesday, after sinking into a discount since the start of April. Bids for Singapore 380-cst HSFO rose to premiums over cargo quotes, with a trade done at $3 a metric ton. Backwardation for the product is also supported on ...
Conservative platform misrepresents tanker ban and other environmental legislation
https://www.hellenicshippingnews.com/conservative-platform-misrepresents-tanker-ban-and-other-environmental-legislation/
The platform released by the Conservative party further disenfranchises Indigenous People by threatening Bill C-69, aims to “approve” previously permitted LNG projects, and is intentionally obtuse about a so-called “tanker ban” that doesn’t exist when it comes to LNG. The platform ignores the fact that both phases of LNG Canada were approved by the federal ...
https://www.hellenicshippingnews.com/conservative-platform-misrepresents-tanker-ban-and-other-environmental-legislation/
The platform released by the Conservative party further disenfranchises Indigenous People by threatening Bill C-69, aims to “approve” previously permitted LNG projects, and is intentionally obtuse about a so-called “tanker ban” that doesn’t exist when it comes to LNG. The platform ignores the fact that both phases of LNG Canada were approved by the federal ...
New Study Confirms Barnacle Biofouling Is A Big Burden For The Shipping Industry
https://www.hellenicshippingnews.com/new-study-confirms-barnacle-biofouling-is-a-big-burden-for-the-shipping-industry/
Nearly one-fifth of a sample group comprising 685 vessels inspected in dry dock were found to have more than 20% of their underwater hull surface covered by barnacles, and as much as one-third of the sample had more than 10% coverage, a new study has found. High levels of barnacle biofouling on underwater hulls across ...
https://www.hellenicshippingnews.com/new-study-confirms-barnacle-biofouling-is-a-big-burden-for-the-shipping-industry/
Nearly one-fifth of a sample group comprising 685 vessels inspected in dry dock were found to have more than 20% of their underwater hull surface covered by barnacles, and as much as one-third of the sample had more than 10% coverage, a new study has found. High levels of barnacle biofouling on underwater hulls across ...
Sinopec resumes Russian oil purchase after short pause amid sanctions risks, sources say
https://www.hellenicshippingnews.com/sinopec-resumes-russian-oil-purchase-after-short-pause-amid-sanctions-risks-sources-say/
Sinopec, Asia’s top refiner, resumed purchases of Russian oil after a brief pause last month to assess risks from sanctions imposed by the United States on Russian entities, trade sources said on Wednesday. Unipec, a trading arm under China’s state-run Sinopec 600028, has bought May-loading Russian Far East ESPO Blend oil, the sources said, having ...
https://www.hellenicshippingnews.com/sinopec-resumes-russian-oil-purchase-after-short-pause-amid-sanctions-risks-sources-say/
Sinopec, Asia’s top refiner, resumed purchases of Russian oil after a brief pause last month to assess risks from sanctions imposed by the United States on Russian entities, trade sources said on Wednesday. Unipec, a trading arm under China’s state-run Sinopec 600028, has bought May-loading Russian Far East ESPO Blend oil, the sources said, having ...
Dalian iron ore near three-week high on seasonal demand, US-China trade talk hopes
https://www.hellenicshippingnews.com/dalian-iron-ore-near-three-week-high-on-seasonal-demand-us-china-trade-talk-hopes/
Dalian iron ore futures hit their highest levels in nearly three weeks on Tuesday, underpinned by hopes of U.S.-China trade talks and strengthening seasonal demand for the steelmaking ingredient. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) climbed 2.11% to finish at 727.5 yuan ($99.73) a metric ton. Earlier in the ...
https://www.hellenicshippingnews.com/dalian-iron-ore-near-three-week-high-on-seasonal-demand-us-china-trade-talk-hopes/
Dalian iron ore futures hit their highest levels in nearly three weeks on Tuesday, underpinned by hopes of U.S.-China trade talks and strengthening seasonal demand for the steelmaking ingredient. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) climbed 2.11% to finish at 727.5 yuan ($99.73) a metric ton. Earlier in the ...
Dry Weekly Market Monitor: Dry Bulk Voyage Flows to China Amid Escalating Trade Tensions (Q1 2025)
https://www.hellenicshippingnews.com/dry-weekly-market-monitor-dry-bulk-voyage-flows-to-china-amid-escalating-trade-tensions-q1-2025/
The first quarter of 2025 has shown mixed signals in China’s dry bulk import profile, reflecting commodity-specific trends and the broader strategic shifts underway amid the U.S.-China trade war. The above charts reveal YoY volume comparisons for March 2025 vs. March 2024, highlighting divergent patterns in iron ore, coal, and grain flows to China. Iron ...
https://www.hellenicshippingnews.com/dry-weekly-market-monitor-dry-bulk-voyage-flows-to-china-amid-escalating-trade-tensions-q1-2025/
The first quarter of 2025 has shown mixed signals in China’s dry bulk import profile, reflecting commodity-specific trends and the broader strategic shifts underway amid the U.S.-China trade war. The above charts reveal YoY volume comparisons for March 2025 vs. March 2024, highlighting divergent patterns in iron ore, coal, and grain flows to China. Iron ...
Dry Bulker Prices on the Rise
https://www.hellenicshippingnews.com/dry-bulker-prices-on-the-rise/
Prices for dry bulk carriers have been on the rise over the past week, as more deals were concluded. In its latest weekly report, shipbroker Xclusiv said that on the dry bulk market “on the Kamsarmax sector, the “Sea Pluto” – 81K/2013 New Times was sold for USD 16.5 mills and the “Seaduty” – 82K/2008 ...
https://www.hellenicshippingnews.com/dry-bulker-prices-on-the-rise/
Prices for dry bulk carriers have been on the rise over the past week, as more deals were concluded. In its latest weekly report, shipbroker Xclusiv said that on the dry bulk market “on the Kamsarmax sector, the “Sea Pluto” – 81K/2013 New Times was sold for USD 16.5 mills and the “Seaduty” – 82K/2008 ...
Baltic Index Gains On Stronger Vessel Rates
https://www.hellenicshippingnews.com/baltic-index-gains-on-stronger-vessel-rates/
The Baltic Exchange’s dry bulk sea freight index rose on Wednesday to its highest level in more than a week, as rates increased across all vessel segments. The main index, which tracks rates for capesize, panamax and supramax shipping vessels, was up 39 points, or 3.1%, to 1,300 points, its highest since April 8. The ...
https://www.hellenicshippingnews.com/baltic-index-gains-on-stronger-vessel-rates/
The Baltic Exchange’s dry bulk sea freight index rose on Wednesday to its highest level in more than a week, as rates increased across all vessel segments. The main index, which tracks rates for capesize, panamax and supramax shipping vessels, was up 39 points, or 3.1%, to 1,300 points, its highest since April 8. The ...
US crude stocks rise, gasoline and distillate inventories fall – EIA
https://www.hellenicshippingnews.com/us-crude-stocks-rise-gasoline-and-distillate-inventories-fall-eia-3/
U.S. crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 244,000 barrels to 443.1 million barrels in the week ended April 18, the EIA said, compared with analysts’ expectations in a Reuters poll for a 770,000-barrel draw. Crude stocks at the Cushing, ...
https://www.hellenicshippingnews.com/us-crude-stocks-rise-gasoline-and-distillate-inventories-fall-eia-3/
U.S. crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 244,000 barrels to 443.1 million barrels in the week ended April 18, the EIA said, compared with analysts’ expectations in a Reuters poll for a 770,000-barrel draw. Crude stocks at the Cushing, ...