News Flash
Korean Shipping Companies Face Soaring Challenges as Q4 Performance Takes a Downturn
Categories: News Flash
Date: Jan 10, 2024
In the fourth quarter of last year, the annual performance of South Korea’s largest container shi...
Green ammonia could decarbonize 60% of global shipping when offered at just 10 regional fuel ports.
Categories: News Flash
Date: Jan 10, 2024
A study published today in IOP Publishing’s journal Environmental Research: Infrastructure and Su...
Middle East Crude-Benchmarks extend gains as arbitrage window shuts; Saudi Arabia cuts OSPs
Categories: News Flash
Date: Jan 09, 2024
Middle East crude benchmarks Oman, Dubai and Murban extended gains on Monday as the arbitrage windo...
Last of the good times in LNG as supply wave looms
Categories: News Flash
Date: Jan 09, 2024
A wave of new supply of liquefied natural gas is set to hit global markets late this year, making 2...
China’s shipbuilding industry surges ahead, with orders scheduled for 2028
Categories: News Flash
Date: Jan 09, 2024
China’s shipping industry saw robust growth in 2023, prompting shipowners around the globe to pla...
Seaspan Launches First of Three LNG Bunkering Vessels to Deliver Low-Carbon Energy Solutions to the Maritime Industry
Categories: News Flash
Date: Jan 09, 2024
Seaspan Energy is celebrating the new year with the launch of its first of three 7600m3 LNG bunkeri...
Hanwha Ocean Makes Strategic Decision to Cease Winning Container Ship Orders
Categories: News Flash
Date: Jan 09, 2024
Hanwha Ocean, the world’s third-largest shipbuilder, has decided to stop receiving container ship...
Kalmar and Wallenius Wilhelmsen strengthen decades-long collaboration with new order including fully electric forklift trucks and reachstackers
Categories: News Flash
Date: Jan 09, 2024
Kalmar, part of Cargotec, has received a large order from leading Norwegian logistics service provi...
Clean tanker market to remain strong into 2024 amid firm jet, petchem deliveries
Categories: News Flash
Date: Jan 09, 2024
Strong projected demand for jet fuel in 2024 is set to support clean tanker markets globally, with ...
River Rhine in Germany reopens to shipping after high water recedes
Categories: News Flash
Date: Jan 09, 2024
The river Rhine in Germany has been reopened to shipping after being halted due to a rise in water ...
Asia Fuel Oil-VLSFO cash premium slips below three-month lows
Categories: News Flash
Date: Jan 09, 2024
Asia’s cash premium for very low sulphur fuel oil (VLSFO) fell below three-month lows on Monday, ...
Baltic index drops to over 1-month low on weaker vessel rates
Categories: News Flash
Date: Jan 09, 2024
The Baltic Exchange’s dry bulk sea freight index slipped to its lowest level in more than a month...
Flagship economic report highlights why global cooperation is key
Categories: News Flash
Date: Jan 08, 2024
The flagship forecast launched in New York on Thursday indicates that last year’s stronger-than-e...
Global manufacturers struggle to regain momentum
Categories: News Flash
Date: Jan 08, 2024
U.S. manufacturers are still struggling to emerge from the prolonged slump that began in the middle...
ACM mulls ship broking expansion
Categories: News Flash
Date: Jan 08, 2024
Oil tanker broker ACM Shipping Group is looking at growing its ship broking business and may expand...
Asia spot LNG prices dip to 5-month low as stocks weigh
Categories: News Flash
Date: Jan 08, 2024
Asian spot liquefied natural gas (LNG) prices slipped to a five-month low this week, extending loss...
EU ETS prices under pressure but colder weather could boost demand
Categories: News Flash
Date: Jan 08, 2024
European carbon prices fell in the week ending Jan. 5 due to soft demand but with colder weather fo...
Red Sea crisis may push shipping costs by 60%, insurance by 20%: GTRI
Categories: News Flash
Date: Jan 08, 2024
The increasing Red Sea crisis may impact trade as it is expected to push shipping costs by up to 60...
J.P. Morgan sees oil demand growth at its slowest in nine months in December
Categories: News Flash
Date: Jan 08, 2024
Early data indicates global oil consumption in December grew at the slowest pace in nine months, J....
Shipping stocks rise, biggest gainers in Europe at start of 2024
Categories: News Flash
Date: Jan 08, 2024
Shipping companies have been the best performing stocks in Europe since the start of 2024, and were...
BTIG says dry bulk shipping firms on troubled waters in 2024
Categories: News Flash
Date: Jan 08, 2024
BTIG expects 2024 to be a tough year for dry bulk shipping companies; cuts its rating on three stoc...
War, weather put ocean shippers on notice for rough seas in 2024
Categories: News Flash
Date: Jan 08, 2024
Recent hostilities in the Red Sea have thrown global shippers of vital goods for a loop – but it ...
LNG futures trade volumes in Q4 hit record high, 2023 volumes up 12.5%
Categories: News Flash
Date: Jan 05, 2024
LNG futures trade volumes on the financial exchanges during the fourth quarter of 2023 hit a record...
Morgan Stanley sees lower oil prices in 2024 on oversupply concerns
Categories: News Flash
Date: Jan 05, 2024
Morgan Stanley sees Brent crude prices anchored near $80 per barrel in the first half of 2024 befor...
Japan’s Saudi Arabia crude oil imports increased in November 2023
Categories: News Flash
Date: Jan 05, 2024
Japan’s imports of Saudi Arabia’s crude oil increased in November 2023, reaching 33.27 million ...
Impact of Red Sea unrest on Rotterdam throughput is expected to be slight
Categories: News Flash
Date: Jan 05, 2024
The recent disruptions at the Red Sea entrance are anticipated to exert additional strain on the co...
Year-end hedge fund short-covering failed to lift oil prices
Categories: News Flash
Date: Jan 05, 2024
Portfolio investors boosted their petroleum positions in the final two weeks of last year, as some ...
Seafarers encounter growing mental health struggles as drone attacks and pirate threats escalate in the Red Sea and Gulf of Aden
Categories: News Flash
Date: Jan 05, 2024
Seafarers once again find themselves on the frontline of one of the world’s conflicts as they pas...
Landmark IMO Strategy for cutting global shipping emissions welcomed at COP28
Categories: News Flash
Date: Jan 05, 2024
The 2023 IMO Strategy on Reduction of GHG Emissions from Ships has been applauded by international ...
Ocean cargo rates climb after new Red Sea ship attacks
Categories: News Flash
Date: Jan 05, 2024
Ocean freight rates are surging after a missile attack and attempted hijacking of a Maersk ship thi...
The Red Sea crisis boosts shipping costs, delays – and inflation worries
Categories: News Flash
Date: Jan 05, 2024
Attacks on ships in the Red Sea continue to push ocean freight rates higher, triggering warnings of...
Baltic index ticks down as smaller vessel rates dip
Categories: News Flash
Date: Jan 05, 2024
The Baltic Exchange’s dry bulk sea freight index declined on Thursday, as lower rates for Panamax...