Wednesday

07-05-2025 Vol 19

Category: News

PPG Introduces First Drydocking for COSCO Shipping Using Advanced PPG SIGMAGLIDE Coating Application

PPG has announced its first collaboration with COSCO Shipping Energy Transportation Ltd. for drydocking, utilizing the electrostatic application of PPG…

MPA and CMA CGM Partner to Promote Sustainable Shipping and Advance Digital Innovation Efforts

The Maritime and Port Authority of Singapore (MPA) and CMA CGM Group have renewed their Memorandum of Understanding (MoU) to…

China’s Steel and Iron Ore: Navigating a Rollercoaster of Optimism and Harsh Realities

China’s steel and iron ore industries are navigating a landscape of fluctuating optimism and stark reality. Recent data from the…

HSFO Prices Continue to Drop; Anticipating Increased Supply Arrivals

High sulphur fuel oil (HSFO) spot premiums continued their downward trend on Tuesday, and market participants are closely monitoring incoming…

US Airstrikes Heighten Concerns for Ships, Causing Red Sea Insurance Rates to Remain Steady

Insurance rates for ships navigating the Red Sea are anticipated to remain stable following recent U.S. airstrikes in Yemen, which…

European Shipping Vital for Security, Featuring 35% of Global Fleet, Studies Reveal

European shipping plays a pivotal role in securing the continent’s geopolitical standing, as highlighted by recent studies from Deloitte and…

Strategies for Expediting Green Fuel Production: Key Recommendations

Recommendations to Accelerate the Production of Green Fuels Danish shipping companies are keen to invest in new vessels and green…

Dollar Rises Against Euro Following German Vote on Increased Spending

The value of the dollar rose against the euro on Tuesday following the approval by Germany’s parliament of a significant…

Weak Momentum in Newbuilding Orders Continues

Newbuilding orders in the shipping sector are currently showing a lack of momentum, with recent market observations highlighting an overall…

US Retail Sales Show Modest Recovery as Underlying Trends Remain Strong

U.S. retail sales showed a slight recovery in February, indicating cautious consumer behavior amidst economic uncertainties, including tariffs and widespread…