News Flash
India’s crude oil imports from Saudi Arabia drop 36% in September
Categories: News Flash
Date: Oct 04, 2023
India saw a significant drop in crude oil imports from Saudi Arabia in September, with a notable de...
Baltic index hits over 11-month peak on Capesize strength
Categories: News Flash
Date: Oct 04, 2023
The Baltic Exchange’s main dry bulk sea freight index .BADI rose to its highest in over 11-month ...
Platts launches East China LNG bunker assessment
Categories: News Flash
Date: Oct 03, 2023
Platts, part of S&P Global Commodity Insights, has launched a daily LNG bunker fuel price asses...
Shipping must become green but also remain safe
Categories: News Flash
Date: Oct 03, 2023
Danish Shipping has been working in recent weeks to establish guidelines for the new green fuels at...
Mitsubishi Shipbuilding Delivers LNG Fuel Gas Supply System (FGSS) for LNG-fueled Car Carriers Built by Shin Kurushima Dockyard Co., Ltd.
Categories: News Flash
Date: Oct 03, 2023
Mitsubishi Shipbuilding Co., Ltd., a Mitsubishi Heavy Industries (MHI) Group company based in Yokoh...
U.S. petroleum product exports set new record in the first half of 2023
Categories: News Flash
Date: Oct 03, 2023
U.S. petroleum product exports totaled nearly 6.0 million barrels per day (b/d) in the first half o...
Shipper MSC to buy 50% stake in Italian passenger rail group Italo
Categories: News Flash
Date: Oct 03, 2023
Shipping group MSC has entered into a binding agreement to acquire a 50% stake in Italian passenger...
Panama Canal” Vessels In Queue Lower Than Last Year’s
Categories: News Flash
Date: Oct 03, 2023
The Panama Canal’s budget for fiscal year 2024 begins next Sunday, as the authority will continue...
Asia’s crude oil imports slip in Sept as price hike bites
Categories: News Flash
Date: Oct 03, 2023
Asia’s crude oil imports slipped for a second consecutive month in September as refinery maintena...
OSV Market In Complete Turnaround of Fortunes
Categories: News Flash
Date: Oct 03, 2023
The OSV (Offshore Support Vessel) is in a state of complete recovery from the lows of the past coup...
Asia Fuel Oil-HSFO cash premiums fall, timespreads crunch
Categories: News Flash
Date: Oct 03, 2023
Asia’s high sulphur fuel oil market softened on Monday, with cash premiums sliding and backwardat...
Higher capesize rates drive the Baltic index higher
Categories: News Flash
Date: Oct 03, 2023
The Baltic Exchange’s Main Sea Freight Index.BADI, tracking rates for ships carrying dry bulk com...
Shoreline unveils – MARPOL Detention Costs Insurance (MDCI): An essential new insurance solution when faced with expanded U.S. MARPOL investigations
Categories: News Flash
Date: Oct 02, 2023
Shoreline, a leading provider of maritime risk solutions, is proud to introduce its innovative new ...
Ultra low-sulphur diesel loadings from Russia’s Primorsk to fall in Oct -traders
Categories: News Flash
Date: Oct 02, 2023
Ultra low-sulphur diesel (ULSD) loadings from the Russian Baltic Sea port of Primorsk are set to fa...
Navigating Towards Sustainability: Wind-Powered Cargo Ships and the Future of the Shipping Industry
Categories: News Flash
Date: Oct 02, 2023
There’s an undeniable demand for transformative solutions in the shipping sector. Shipping is a m...
Tanker Market Moved Sideways Last Week
Categories: News Flash
Date: Oct 02, 2023
CleanLR2 LR2 freight levels have appeared to have been somewhat unsettled this week with no clea...
Asia’s coal sector sees long, prosperous life despite energy transition
Categories: News Flash
Date: Oct 02, 2023
Asia’s coal sector has gone from thinking they are in terminal decline as the world shifts to a n...
Russia considers fuel export quotas to tackle high prices
Categories: News Flash
Date: Oct 02, 2023
Russia may introduce quotas on overseas fuel exports if a complete export ban imposed last week fai...
Mississippi River near historic lows, grain exports at risk
Categories: News Flash
Date: Oct 02, 2023
A key stretch of the lower Mississippi River dropped this week to within inches of its lowest-ever ...
SAIL to get coking coal from Russia
Categories: News Flash
Date: Oct 02, 2023
State-owned Steel Authority of India Ltd (SAIL), the largest steel producer in the country, is ensu...
India imports of Russian, and Iraqi oil rebound in September
Categories: News Flash
Date: Oct 02, 2023
India’s oil imports from Russia rebounded in September after hitting a seven-month low in August ...
Five new cargo vessels heading for Ukrainian Black Sea ports -MarineTraffic
Categories: News Flash
Date: Oct 02, 2023
Five new ships are on their way to Ukrainian seaports using a new corridor opened to resume predomi...
Russia’s fuel export ban will not be lifted soon – TASS cites minister
Categories: News Flash
Date: Sep 29, 2023
Russian Energy Minister Nikolai Shulginov said on Thursday that the ban on fuel exports will not be...
WinGD wins first approval in principle for ammonia two-stroke engine
Categories: News Flash
Date: Sep 29, 2023
Lloyd’s Register approval in principle will support shipowner confidence in vessel designs using ...
Baltic index snaps 4-day winning streak as capesize rates slip
Categories: News Flash
Date: Sep 29, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Beijing says no extra quotas for clean oil product exports, crude imports: quota holders
Categories: News Flash
Date: Sep 29, 2023
The Chinese government will not issue new quotas for clean oil product exports and additional allow...
China, Germany resume high-level financial talks
Categories: News Flash
Date: Sep 29, 2023
China and Germany will co-host a third financial dialogue in Germany on Oct. 1, the Chinese foreign...
Asia Fuel Oil-Timespreads widen further, inventories slide
Categories: News Flash
Date: Sep 29, 2023
Asia’s fuel oil market continued to firm on Thursday amid stronger backwardation timespreads, whi...
Airbus and LDA to install new fuel-saving sails for maritime operations
Categories: News Flash
Date: Sep 29, 2023
Louis Dreyfus Armateurs will equip one of the vessels it uses to transport aircraft subassemblies f...
Greece names Thessaloniki port operator preferred bidder for Volos port
Categories: News Flash
Date: Sep 29, 2023
Greece’s privatisation agency has named the operator of Thessaloniki port as the preferred bidder...
Seapath and Pilot LNG Joint Venture to Develop First Dedicated LNG Bunkering Facility in U.S. Gulf Coast
Categories: News Flash
Date: Sep 29, 2023
Seapath, a maritime subsidiary of Libra Group, and Pilot LNG, LLC (Pilot), a Houston-based clean en...
World Maritime Day 2023 highlights marine environment protection
Categories: News Flash
Date: Sep 29, 2023
This year sees the 50th anniversary of the adoption of the International Convention for the Prevent...