News Flash
Asia Fuel Oil-Cash differentials inch up; inventories extend fall
Categories: News Flash
Date: Oct 13, 2023
Fuel oil cash differentials were steady to higher in Asia on Thursday, while onshore inventories di...
Maxwell Marine Wins Contract to Supply Anchoring System for First USVs
Categories: News Flash
Date: Oct 13, 2023
Maxwell Marine, the anchoring solutions specialist, has been contracted to design and supply a tech...
Wan Hai Lines Holds a Joint Naming Ceremony for 13,200teu Newbuilding “WAN HAI A05” & “WAN HAI A06” Accompanied by a Charity Donation
Categories: News Flash
Date: Oct 13, 2023
Wan Hai Lines Ltd. held a joint ship naming ceremony for WAN HAI A05 & WAN HAI A06 accompanied ...
US sanctions two tanker owners for carrying Russian oil above price cap
Categories: News Flash
Date: Oct 13, 2023
The United States imposed sanctions on two owners of tankers that carried Russian oil above the G7 ...
China restricts refined oil product exports despite oil inventory increase of 0.7 mbpd
Categories: News Flash
Date: Oct 13, 2023
During the first three quarters of 2023, China has continued expanding its crude inventories by an ...
Baltic index extends declines as rates for larger vessels fall
Categories: News Flash
Date: Oct 13, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Loss of Tamar gas supplies from Israel to impact Egyptian LNG exports: IEA
Categories: News Flash
Date: Oct 12, 2023
The loss of imports of Israeli gas from the shut-in Tamar platform is expected to further impact Eg...
Russia’s Putin signals OPEC+ cuts are here to stay
Categories: News Flash
Date: Oct 12, 2023
Russian President Vladimir Putin said on Wednesday that OPEC+ coordination would continue in order ...
Iron ore rebounds on renewed hopes for China stimulus
Categories: News Flash
Date: Oct 12, 2023
Iron ore futures rose on Wednesday, with the Singapore benchmark rebounding after six straight sess...
Moby selects Kongsberg Maritime for emission-saving propulsion upgrade on five RO-RO passenger ferries
Categories: News Flash
Date: Oct 12, 2023
Kongsberg Maritime has won a contract to upgrade the propulsion systems on five RO-RO passenger fer...
Mass Flow Meter Bunker measurement system mandatory as of 1 January 2026
Categories: News Flash
Date: Oct 12, 2023
From 1 January 2026, the use of a bunker measurement system for bunker vessels in the ports of Antw...
Low water levels again hamper Rhine river shipping in Germany
Categories: News Flash
Date: Oct 12, 2023
Low water levels after dry weather have stopped cargo vessels from sailing fully loaded on the Rhin...
Coach Solutions unveils EU ETS monitoring tool for simplified compliance
Categories: News Flash
Date: Oct 12, 2023
Coach Solutions, a leading provider of vessel optimisation solutions has launched a reporting tool ...
Lack of yard capacity and capability could compromise the maritime industry’s retrofit ambitions
Categories: News Flash
Date: Oct 12, 2023
A Lloyd’s Register (LR) report on the state of technology, integration and compliance, alongside ...
Inmarsat to move shipping comms from Netherlands to Greece
Categories: News Flash
Date: Oct 12, 2023
British satellite communications company Inmarsat said on Wednesday it is nearing an agreement to m...
Baltic index falls on lower capesize demand
Categories: News Flash
Date: Oct 12, 2023
The Baltic Exchange’s main sea freight index fell for the second straight day on Wednesday, dragg...
Output disruption in Israel to have limited impact on Europe gas prices- Goldman.
Categories: News Flash
Date: Oct 11, 2023
Gas production curtailment in Israel due the ongoing conflict is likely to tighten global balances,...
China’s top copper buyers expect a 36% cut in Codelco premium.
Categories: News Flash
Date: Oct 11, 2023
China’s largest copper buyers expect to pay a premium of around $90 per metric ton next year for ...
Iron ore pullback deepens as traders assess China demand.
Categories: News Flash
Date: Oct 11, 2023
Iron ore futures dipped to six-week lows on Tuesday, dragged lower by concerns about looming steel ...
Saudi Aramco to supply full oil volumes to N. Asia refiners in November.
Categories: News Flash
Date: Oct 11, 2023
Saudi Aramco has notified at least four North Asian buyers that it will supply full contractual vol...
Maersk says port operations in Israel working normally.
Categories: News Flash
Date: Oct 11, 2023
Maersk said on Tuesday that port operations at Israel’s major terminals are running as normal des...
Asia Fuel Oil-VLSFO cash premium dips as backwardation softens
Categories: News Flash
Date: Oct 11, 2023
The cash premium for very-low sulphur fuel oil (VLSFO) eased slightly on Tuesday, while market back...
U.S. crude oil exports reached a record high in first half of 2023
Categories: News Flash
Date: Oct 11, 2023
U.S. crude oil exports in the first half of 2023 averaged 3.99 million barrels per day (b/d), which...
Container values and earnings fall to the lowest levels since early 2021
Categories: News Flash
Date: Oct 11, 2023
Container Values have fallen across all sub sectors and age categories based on weakened market sen...
Baltic index snaps 3-day winning streak as capesize rates dip.
Categories: News Flash
Date: Oct 11, 2023
The Baltic Exchange’s main sea freight index fell on Tuesday, snapping a three-session-long winni...
Cargo shipping to lose EU antitrust exemption from 2024.
Categories: News Flash
Date: Oct 11, 2023
Cargo shipping companies from next year will no longer enjoy a decades-long exemption from EU rules...
Global LNG: Asia spot prices retreats from 7-month high on tepid demand
Categories: News Flash
Date: Oct 09, 2023
Asian spot liquefied natural gas (LNG) prices retreated from a seven-month high as demand remained ...
Indian steel firms plan price rises as coking coal costs surge
Categories: News Flash
Date: Oct 09, 2023
Indian steel companies plan to raise prices of various grades of the alloy due to rising import cos...
APM Terminals eyes half-way point in renewable electricity goal
Categories: News Flash
Date: Oct 09, 2023
The news that APM Terminals has reached 40% in its ambition to run all global terminals on renewabl...
China’s 4th batch of 2023 crude oil import quota at 9.54 mln tons – sources
Categories: News Flash
Date: Oct 09, 2023
China has issued a fourth batch of 2023 crude oil import quotas, raising the volume for the year to...
Port of València moderates the downward trend of export freight rates
Categories: News Flash
Date: Oct 09, 2023
Export freights from the Port of València contain their fall, registering a decrease of 2.08%, the...
MerlinGroup takes another step in making their fleet environmentally friendly by retrofitting dry cargo vessel Sayonara with Stage V engines
Categories: News Flash
Date: Oct 09, 2023
Arkel-based inland shipping company MerlinGroup is starting a conversion project for the Sayonara. ...