News Flash
Russian oil freight rates soar on sanctions-driven tanker shortage
Categories: News Flash
Date: Jan 25, 2025
Freight rates for Russian ESPO Blend oil loading from the Far Eastern port of Kozmino have jumped fi...
Tighter supply drives Asia’s HSFO cracks to 17-month high; strong bunker demand boosts market
Categories: News Flash
Date: Jan 25, 2025
Asia’s high sulfur fuel oil refining margins have surged to a 17-month high, driven by limited pro...
Baltic index logs third weekly loss on weaker rates across vessel segments
Categories: News Flash
Date: Jan 25, 2025
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk c...
Danelec and Thetius Prepare to Launch Groundbreaking Report on the Application of High-Frequency Data for Safer, Greener Shipping
Categories: News Flash
Date: Jan 24, 2025
Danelec, a leader in maritime digitalization and performance optimization, has collaborated with mar...
HD Korea Shipbuilding To Build 12 LNG Dual-Fuel Container Ships
Categories: News Flash
Date: Jan 24, 2025
HD Korea Shipbuilding & Offshore Engineering, the intermediate holding company of HD Hyundai spe...
Soft skills training can lead to solid commercial benefits says The Nautical Institute
Categories: News Flash
Date: Jan 24, 2025
The maritime industry is experiencing a pivotal shift, with the rising recognition that soft skills ...
Asia Fuel Oil: Premiums rangebound; inventories at four-week high
Categories: News Flash
Date: Jan 24, 2025
Spot fuel oil premiums were little changed on Thursday, while onshore inventories at Singapore edged...
World Shipping Council: EU must take customs reform opportunity
Categories: News Flash
Date: Jan 24, 2025
Ahead of World Customs Day 2025, the shipping, logistics, and trade industry has issued a joint stat...
European Shipowners and the European Transport Workers Federation (ETF) launch European Maritime Skills Forum
Categories: News Flash
Date: Jan 24, 2025
This initiative aims to identify skills gap emerging from the digital and green transition and discu...
MABUX: Bunker Prices To Continue Trending Lower Next Week
Categories: News Flash
Date: Jan 24, 2025
Over the 04th week, the MABUX global bunker indices continued a moderate upward movement. The 380 HS...
Focus on practicality drives LNG pathway growth in 2024
Categories: News Flash
Date: Jan 24, 2025
Industry coalition SEA-LNG has published its annual ‘View from the Bridge’ report, highlighting ...
The cost of the Suez Canal blockage
Categories: News Flash
Date: Jan 24, 2025
The 2021 Suez Canal blockage resulted in a loss of nearly $89 million for the shipping company Maers...
Normal shipping via Suez Canal may resume as Singapore-bound oil tanker makes transit
Categories: News Flash
Date: Jan 24, 2025
In one of the first instances of an oil tanker transporting Southeast Asia-bound crude through the S...
Energy demand, prices surge as massive winter storm freezes most of US
Categories: News Flash
Date: Jan 23, 2025
A massive winter storm stretched from Canada to Florida and South Texas Jan. 21, boosting power dema...
Citi raises average 2025 oil price forecasts, citing geopolitical risks
Categories: News Flash
Date: Jan 23, 2025
Citi on Wednesday raised its oil price outlook for 2025 due to geopolitical risks centred on Russia ...
Dalian iron ore snaps nine-day winning streak as US tariff uncertainty weighs
Categories: News Flash
Date: Jan 23, 2025
Iron ore futures declined on Wednesday, weighed down by concerns that U.S. President Donald Trump co...
Kalmar strengthens partnership with Westport AS with delivery of four electric reachstackers to support zero-emissions goals
Categories: News Flash
Date: Jan 23, 2025
Kalmar has delivered four Kalmar electric reachstackers to Norwegian port operator Westport AS, as p...
Havila Shipping ASA: Allegation from certain banks of default of the restructuring agreement – disputed by the company
Categories: News Flash
Date: Jan 23, 2025
Reference is made to the stock exchange announcement 1 October 2024, informing that three bank lende...
Oman’s Asyad Group plans to sell at least 20% of shipping unit via IPO
Categories: News Flash
Date: Jan 23, 2025
HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has received ABS approval in principle (A...
Saudi Arabian crude exports in November leap to eight-month peak
Categories: News Flash
Date: Jan 23, 2025
Saudi Arabia’s crude oil exports in November jumped to their highest level in eight months, data f...
Middlemen have halted Russian oil cargo offers after US sanctions, Indian refiner says
Categories: News Flash
Date: Jan 23, 2025
Middlemen supplying Russian oil are not offering cargoes due to new U.S. sanctions targeting Russian...
ITS Logistics January Port Rail Ramp Index: President Trump’s Confirmed 25% Increase in Tariffs Could Create Another 2018 Front-Loading Surge
Categories: News Flash
Date: Jan 23, 2025
ITS Logistics today released the January forecast for the ITS Logistics US Port/Rail Ramp Freight In...
Asia Fuel Oil: Spot premiums cool further, though bidding flurry holds
Categories: News Flash
Date: Jan 23, 2025
Spot fuel oil premiums continued to ease on Wednesday, though a flurry of bids remained in the spot ...
China’s crude oil imports from top supplier Russia reach new high in 2024
Categories: News Flash
Date: Jan 22, 2025
China’s crude oil imports from top supplier Russia were up 1% in 2024 to a record high versus 2023...
IMO launches Regional Presence Office for the MENA region in Alexandria, Egypt
Categories: News Flash
Date: Jan 22, 2025
New office will coordinate technical assistance for countries in the region in the areas of maritime...
Supply Chain Diversification And Technology Poised To Be The Key Enablers Of Trade Growth In Asia
Categories: News Flash
Date: Jan 22, 2025
33% of businesses based in the Asia Pacific (APAC) region are creating parallel supply chains to avo...
Asia Fuel Oil: Volatile market seen persisting following Trump’s return to office
Categories: News Flash
Date: Jan 22, 2025
Spot fuel oil premiums retreated slightly on Tuesday, while trade sources said they expect volatilit...
HD HHI Signs LOI with CMA CGM for 12 LNG Dual-fuel Container Ships
Categories: News Flash
Date: Jan 22, 2025
On Jan. 6, HD Hyundai Samho delivered an LNG carrier to the shipowner, marking its first export of t...
Capital Group and FORCE Technology Collaborate to Launch Europe’s First Extended Reality Bridge Simulator
Categories: News Flash
Date: Jan 22, 2025
Capital Group and FORCE Technology are proud to announce their partnership in creating Europe’s fi...
Return of container ships to Red Sea will bring chaos and collapsing freight rates – 5 key questions facing shippers
Categories: News Flash
Date: Jan 22, 2025
Agreement between Israel and Hamas to pause conflict has raised hopes over the prospect of ocean con...
Study On Ship Sliming May Enable Reduced Costs And Emissions In Ocean Transport
Categories: News Flash
Date: Jan 22, 2025
Slime build-up is a costly drag on fuel efficiency for ocean-going cargo ships, leading to more emis...
US sanctions impact on VLCC tanker market may be short-lived
Categories: News Flash
Date: Jan 22, 2025
The sharp rise in Very Large Crude Carrier rates from the Persian Gulf to Asia following new US sanc...