News Flash
Baltic index hits a three-week high buoyed by smaller vessels’ rate lift.
Categories: News Flash
Date: Nov 16, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Iron ore gains on China property sector stimulus, lower imports
Categories: News Flash
Date: Nov 15, 2023
Iron ore futures advanced on Tuesday, as market participants weighed property sector-related stimul...
BW LPG Reports Third Quarter Net Profit of $122.2 Million
Categories: News Flash
Date: Nov 15, 2023
Highlights and Subsequent Events Strongest quarterly performance on record with daily TCE of USD...
LNG-fueled Panamax Coal Carrier Reimei Commences Operation
Categories: News Flash
Date: Nov 15, 2023
Mitsui O.S.K. Lines, Ltd. (MOL) and Kyushu Electric Power Co., Inc. (Kyuden) today announced a Pana...
ZeroNorth Consolidates Bunker Businesses To Accelerate Environmental Impact
Categories: News Flash
Date: Nov 15, 2023
Technology company ZeroNorth has today announced that it is consolidating its existing bunkering bu...
Asia Fuel Oil-VLSFO refining margins rise further on tight supplies
Categories: News Flash
Date: Nov 15, 2023
Refining margins for very low sulphur fuel oil (VLSFO) extended gains on Tuesday amid persisting ti...
Seanergy Maritime Reports Fleet Time Charter Equivalent (“TCE” 3) overperformance of Baltic Capesize Index (“BCI”) by 14% in 3Q23 & by 18% in 9M23
Categories: News Flash
Date: Nov 15, 2023
Seanergy Maritime Holdings Corp, announced yesterday its financial results for the third quarter an...
Fuel Flexibility Benefits of New Oil Highlighted in Chevron White Paper
Categories: News Flash
Date: Nov 15, 2023
Chevron Marine Products’ new lubricating oil has a lot to offer, and this is highlighted in a Whi...
HD HHI to Mark up LNG Carrier Prices
Categories: News Flash
Date: Nov 15, 2023
After HD HHI won a provisional contract to build 17 liquefied natural gas (LNG) carriers from Qatar...
S&P Global Market Intelligence Projects Supply Chain Resilience to Remain Vital in 2024, but Willingness and Ability to Pay for it May be Lacking
Categories: News Flash
Date: Nov 15, 2023
Resilience in supply chains remains vital but may prove too expensive for many firms, according to ...
Baltic index scales three-week high on smaller vessels demand
Categories: News Flash
Date: Nov 15, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Dry Bulk Market: Positive Momentum in All Classes
Categories: News Flash
Date: Nov 13, 2023
Capesize The week began with an encouraging start in the Pacific market, marked by positive sent...
Dry bulk market braces for tightening Panama transit restrictions
Categories: News Flash
Date: Nov 13, 2023
The tightening transit restrictions through the Panama Canal are predominantly impacting the southb...
Japanese lifters of US LNG weigh alternatives to Panama Canal amid tightening transits
Categories: News Flash
Date: Nov 13, 2023
Japanese lifters of US LNG are considering alternative options for shipping their winter cargoes in...
ICS-2 Implementation Postponement Offers Shippers Extended Period for Strategic Compliance Readiness with Trade Tech
Categories: News Flash
Date: Nov 13, 2023
In light of the newly announced schedule for the European Union’s Ocean Import Control System 2 (...
Ukraine freight costs moderate after vessel attack.
Categories: News Flash
Date: Nov 13, 2023
Snapshot of the global export markets for grains, oilseeds and edible oils reported by government a...
Shipping giant CMA CGM reports drop in quarterly profit, better volumes.
Categories: News Flash
Date: Nov 13, 2023
CMA CGM said on Friday its profit fell in the third quarter as a COVID-era boom in shipping continu...
ABS Consulting Hosts Inaugural Life Sciences Maximo Summit Addressing Asset Management Strategies
Categories: News Flash
Date: Nov 13, 2023
ABSG Consulting Inc. (ABS Consulting), a leading global risk management company, hosted key industr...
Drewry: World Container Index Up 7%
Categories: News Flash
Date: Nov 13, 2023
The composite index increased by 7% to $1,504 this week and has dropped by 46% when compared with t...
Baltic index logs weekly gain as rates across vessels rise.
Categories: News Flash
Date: Nov 13, 2023
The Baltic Exchange’s dry bulk sea freight index rose on Friday, marking a weekly rise, steered b...
China’s weekly coastal bulk freight index rises.
Categories: News Flash
Date: Nov 13, 2023
China’s coastal bulk freight index increased during the week ending on Nov. 10, according to the ...
Charging Lithium-Ion Batteries Caused Fire Destroying Tanker’s Bridge
Categories: News Flash
Date: Nov 10, 2023
While there has been a lot of attention to the dangers of transporting battery-powered vehicles and...
Panama Canal Auction Sets Record $4M for Slot as Congestion Grows
Categories: News Flash
Date: Nov 10, 2023
Major shipping lines are scrambling and looking for ways to deal with the growing backlogs at the P...
U.S. "Friend-Shoring" Framework Isn't Shifting Trade Away From China
Categories: News Flash
Date: Nov 10, 2023
US efforts to encourage Indo-Pacific nations to diversify their trade away from China confront a we...
Japan Provides Aid to Philippines for Five New Coast Guard Patrol Boats
Categories: News Flash
Date: Nov 10, 2023
The Philippines announced today with the support of the Japanese government they will be undertakin...
Shell Sues Greenpeace for $2.1M and Seeks Injunction After At-Sea Boarding
Categories: News Flash
Date: Nov 10, 2023
Shell filed suit against Greenpeace in the UK’s High Court seeking $2.1 million in damages relate...
Hapag Reports Below Forecast Results Warning of Prolonged Challenges
Categories: News Flash
Date: Nov 10, 2023
Hapag-Lloyd became the latest of the large carriers to report a significantly lower financial perfo...
Seaspan Cargo Ships Install Autodocking System from Wärtsilä
Categories: News Flash
Date: Nov 10, 2023
Wärtsilä working with Canada’s Seaspan has completed the first of two planned installations of ...
Mental Health in Casualties to Feature at Seatrade Maritime Salvage & Wreck
Categories: News Flash
Date: Nov 10, 2023
Seatrade Maritime Salvage & Wreck, the leading conference for the salvage industry, will b...
Container Imports Volumes Defy Projections, But Retailers See Q4 Declines
Categories: News Flash
Date: Nov 10, 2023
Container import volumes at U.S. ports accelerated into the fall this year defying most expectation...
Russian Missile Hits Bulker Arriving Odesa Killing Pilot and Injuring Crew
Categories: News Flash
Date: Nov 10, 2023
Ukrainian officials are reporting that an unidentified cargo ship arriving in Odesa was struck by a...
China makes largest US soy purchases in months -traders
Categories: News Flash
Date: Nov 09, 2023
China booked its largest single-day U.S. soybean purchases in at least three months traders said, o...