News Flash
Cyprus approves green shipping incentives for 2024
Categories: News Flash
Date: Feb 09, 2024
The Cabinet of Ministers, led by Deputy Minister of Shipping Marina Hadjimanoli, this week approved...
Shipping big hitters endorse InterManager’s new General Principles
Categories: News Flash
Date: Feb 09, 2024
Industry big hitters have given their support to InterManager’s ground-breaking General Principle...
Maersk warns oversupply to hit profits and plays down Red Sea boost
Categories: News Flash
Date: Feb 09, 2024
Maersk warned on Thursday that container shipping overcapacity would hit profits more than expected...
The baltic index falls for a second straight session on softer capesize rates
Categories: News Flash
Date: Feb 09, 2024
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
VLGC rates rebound after hitting floor as shipowners hold ground
Categories: News Flash
Date: Feb 08, 2024
Very Large Gas Carrier rates on the key Persian Gulf-Japan route reached near 35-month lows around ...
Equinor CEO points to increasing industrial gas demand in Europe
Categories: News Flash
Date: Feb 08, 2024
Norway’s state-controlled Equinor is paying close attention to signs of industrial gas demand rec...
Iron ore rebounds from two-week low on China stimulus hopes
Categories: News Flash
Date: Feb 08, 2024
Most ferrous metals and material futures rose on Wednesday, in tandem with Chinese equities, after ...
Indian LNG imports to hit 150 mln tons by 2030 -Petronet LNG CEO
Categories: News Flash
Date: Feb 08, 2024
Indian liquefied natural gas (LNG) imports are forecast to jump to 150 million metric tons per year...
NYK Takes Delivery of Japan’s First LNG-Fueled Capesize Bulk Carrier Decarbonizing JFE’s Supply Chain
Categories: News Flash
Date: Feb 08, 2024
A naming ceremony was held on January 30 for an LNG-fueled capesize bulk carrier that was ordered b...
OneCare Solutions announces merger with Marine Medical Solutions to enhance 360-degree health and wellbeing service to maritime industry
Categories: News Flash
Date: Feb 08, 2024
Leading health and wellbeing support service provider, OneCare Solutions (OCS) has reconfirmed its ...
Crew in Trouble: Trade Union Helps the Crew of VYSSOS
Categories: News Flash
Date: Feb 08, 2024
At the end of last month, an extraordinary incident occurred at the Bystre mouth. The dry cargo shi...
Asia Fuel Oil-Premiums steady in thin trade but supply pressure weighs
Categories: News Flash
Date: Feb 08, 2024
Asia’s fuel oil cash premiums were little changed in thin trade on Wednesday, though supply press...
Baltic index logs worst day in a week as capesize rates fall
Categories: News Flash
Date: Feb 08, 2024
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Red Sea tensions drive down WAF Suezmax rates, disrupt Persian Gulf trade flows
Categories: News Flash
Date: Feb 08, 2024
Disruption in the Red Sea has led to an influx of westward ballasters into the Atlantic region from...
DNV study validates energy efficiency gains for LNG carriers enabled by ABB and MAN DFE+ propulsion solution
Categories: News Flash
Date: Feb 07, 2024
DNV has quantified the gains that owners of liquefied natural gas (LNG) carriers could expect to ac...
India to sign deal extending LNG imports from Qatar till 2048, lowering costs
Categories: News Flash
Date: Feb 07, 2024
The first 25-year deal is to expire in 2028 and is now being extended for 20 additional years. The ...
Turkey, Brazil became main importers of Russian seaborne oil products in 2023
Categories: News Flash
Date: Feb 07, 2024
Turkey and Brazil last year became the biggest importers of Russian seaborne diesel and gasoil afte...
Yemen Houthi leader says group will further escalate if attacks on Gaza do not stop
Categories: News Flash
Date: Feb 07, 2024
The leader of Yemen’s Iran-aligned Houthis said on Tuesday that the group will further escalate i...
Asia Distillates-Margins at more than 3-mth high, physical markets quiet
Categories: News Flash
Date: Feb 07, 2024
Asia’s middle distillates refining margins firmed to a more than three-month high of above $26 a ...
Saudi Arabia keeps Arab Light crude price to Asia unchanged in surprise move
Categories: News Flash
Date: Feb 07, 2024
Top oil exporter Saudi Arabia unexpectedly kept March price of its flagship Arab Light crude to Asi...
Asia Fuel Oil-HSFO holds in discounts amid persistent flurry of offers
Categories: News Flash
Date: Feb 07, 2024
Asia’s high sulphur fuel oil (HSFO) market held in discounts on Tuesday as persistent selling int...
Mitsui OSK rerouting all vessels via Cape of Good Hope
Categories: News Flash
Date: Feb 07, 2024
Japan’s Mitsui OSK Lines (MOL) 9104.T has rerouted all of its ships via the Cape of Good Hope due...
Baltic index rises on stronger vessel rates across segments
Categories: News Flash
Date: Feb 07, 2024
The Baltic Exchange’s dry bulk sea freight index rose to an over one-week high on Tuesday, as ves...
Up to 35 Aframax tankers could switch to carrying cleaner fuel: Kpler
Categories: News Flash
Date: Feb 07, 2024
As many as 35 oil tankers that usually carry crude or fuel oil could switch to carrying cleaner pro...
Asia LNG imports are robust, but record supply keeps spot prices muted
Categories: News Flash
Date: Feb 06, 2024
The spot price of liquefied natural gas (LNG) is continuing to meander at low levels amid ample sup...
Increase in LNG imports highlights Brazil’s impact on prices
Categories: News Flash
Date: Feb 06, 2024
The growing weight of Brazil in the global LNG market has been a driver in a push for more price tr...
Asia Distillates-Markets little changed; more spot activity likely for Mar soon
Categories: News Flash
Date: Feb 06, 2024
Asia’s middle distillates markets were little changed on Monday on persistently limited swaps and...
Dalian iron ore falls on mounting inventory, China property worries
Categories: News Flash
Date: Feb 06, 2024
Dalian iron ore futures fell on Monday, amid persistent caution due to mounting port inventory and ...
Oldendorff Carriers to significantly reduce emissions by outfitting three Norsepower Rotor Sails™ to a post-Panamax bulk carrier
Categories: News Flash
Date: Feb 06, 2024
Oldendorff and Norsepower have announced an agreement to use Norsepower Rotor Sails™ to further r...
Action must be taken now to be ready for future crewing challenges, says Filipino crewing specialists Senator
Categories: News Flash
Date: Feb 06, 2024
The industry needs to take action now to be ready for future crewing challenges and ensure quality ...
Ammonia attracts the shipping industry, but researchers warn of its risks
Categories: News Flash
Date: Feb 06, 2024
Switching to ammonia as a marine fuel, with the goal of decarbonisation, can instead create entirel...
Asia Fuel Oil-VLSFO cargo premiums hold, bunker premiums extend climb
Categories: News Flash
Date: Feb 06, 2024
Asia cash premiums for very low sulphur fuel oil (VLSFO) cargo held stable as of Monday, while bunk...