News Flash
China’s Unipec issues buy-tender for up to 25 LNG cargoes from Oct 2023-Dec 2024
Categories: News Flash
Date: Sep 13, 2023
Unipec, a trading arm of Chinese national oil company Sinopec, has issued a tender to buy up to 25 ...
Shipping must improve forecasting and not allow ‘uncertainty to delay action
Categories: News Flash
Date: Sep 13, 2023
The maritime industry must improve its forecasting to prepare for a range of possible futures, acco...
Marine Biofuel supplied to the Capesize Bulker at Hong Kong
Categories: News Flash
Date: Sep 11, 2023
Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce that marine biofuel was supplied ...
Greece, China boost cooperation on shipping finance
Categories: News Flash
Date: Sep 11, 2023
Cooperation between Greece and China on shipping finance is set to receive a boost, after a confere...
Global container freight still stalled
Categories: News Flash
Date: Sep 11, 2023
Global industrial production and containerised freight flows remained in the doldrums at the start ...
Shipping could face shortage of carbon-neutral fuel by 2030, DNV says
Categories: News Flash
Date: Sep 11, 2023
An expected shortfall in the availability of carbon-neutral fuel means the shipping industry should...
US, India, Saudi, EU unveil rail, ports deal on G20 sidelines
Categories: News Flash
Date: Sep 11, 2023
Global leaders announced a multinational rail and ports deal linking the Middle East and South Asia...
LNG suppliers pin hopes on China for long-term demand
Categories: News Flash
Date: Sep 11, 2023
Suppliers of liquefied natural gas (LNG) are betting on China to drive demand for the super-chilled...
Top global ports may be unusable by 2050 without more climate action – report
Categories: News Flash
Date: Sep 11, 2023
Some of the world’s largest ports may be unusable by 2050 as rising sea levels hit operations, an...
Russian Urals STS shipments slump 85% from their Q1 peak: Vortexa
Categories: News Flash
Date: Sep 11, 2023
Ship-to-ship transfers of Russia’s Urals crude oil grade in August were about 85% lower than thei...
Romania upgrades Black Sea port infrastructure to bring in more Ukrainian grain
Categories: News Flash
Date: Sep 11, 2023
Romania’s government will approve on Friday a plan to upgrade road infrastructure in the Black Se...
Russia ships first oil cargo to Brazil as it seeks to diversify buyers
Categories: News Flash
Date: Sep 11, 2023
Russia is shipping its first crude oil cargo to Brazil, as it seeks to diversify its list of buyers...
South Korea’s FLC bought about 57,000 metric tons feed wheat – traders
Categories: News Flash
Date: Sep 08, 2023
South Korea’s Feed Leaders Committee (FLC) has purchased around 57,000 tonnes of animal feed whea...
China’s trade slump narrows as stabilisation signs emerge
Categories: News Flash
Date: Sep 08, 2023
China’s exports and imports extended declines in August as the twin pressures of sagging overseas...
Greek PM postpones keynote speech after deadly storm
Categories: News Flash
Date: Sep 08, 2023
Greek Prime Minister Kyriakos Mitsotakis has postponed an annual economic speech scheduled for this...
Policymakers see darker days ahead in China as growth sputters
Categories: News Flash
Date: Sep 08, 2023
Policymakers expect persistently slower growth in China, perhaps even more sluggish than current co...
Iron ore retreats on China demand worries
Categories: News Flash
Date: Sep 08, 2023
Iron ore futures fell on Thursday following gains earlier this week, as weak China trade data overs...
Saudi Arabia raises October Arab light crude price to Asia
Categories: News Flash
Date: Sep 08, 2023
Saudi Arabia raised its October official selling price (OSP) for its Arab light crude to Asia by 10...
Europe Distillates-Diesel cracks gain, stocks post rise
Categories: News Flash
Date: Sep 08, 2023
Northwest European diesel barge refining margins rose slightly to $36 a barrel on Thursday, after d...
China’s oil imports surge in August as fuel exports, inventories rise
Categories: News Flash
Date: Sep 08, 2023
China’s crude oil imports surged in August, customs data showed on Thursday, as refiners built in...
London retains crown as leading global centre for maritime arbitration, handling 85% of global caseload
Categories: News Flash
Date: Sep 08, 2023
London handled more than 85% of the world’s maritime arbitration in 2022 according to the finding...
Baltic index hits two-week peak on higher capesize rates
Categories: News Flash
Date: Sep 08, 2023
The Baltic Exchange’s main sea freight index rose to a two-week high on Thursday, helped by a jum...
Major Maritime Insurers Join Groundbreaking Initiative To Improve Cargo Safety
Categories: News Flash
Date: Sep 07, 2023
Safetytech Accelerator is pleased to confirm that major UK maritime insurers, the UK P&I Club a...
Asia Fuel Oil-HSFO rebounds; Saudi extends oil cuts to year-end
Categories: News Flash
Date: Sep 07, 2023
Asia’s spot market for high sulphur fuel oil (HSFO) firmed on Wednesday, a day after Saudi Arabia...
ClassNK and FUKUI to collaborate toward the installation of safety relief valve for cargo tank of liquefied hydrogen carrier on actual ships
Categories: News Flash
Date: Sep 07, 2023
Fukui Seisakusho Co., Ltd. (FUKUI) and ClassNK have signed a Memorandum of Understanding concerning...
LNG prices lower but still high on historical basis -Shell exec
Categories: News Flash
Date: Sep 07, 2023
Global liquefied natural gas (LNG) prices have reduced significantly but are still high on a histor...
India seeks more natural gas amid emergency measures to end blackouts
Categories: News Flash
Date: Sep 07, 2023
India is seeking additional volumes of natural gas and has asked utilities to expedite the completi...
Japan’s Inpex interested in buying US LNG linked to Henry Hub prices, CEO says
Categories: News Flash
Date: Sep 07, 2023
Inpex 1605.T, Japan’s top oil and gas producer, is interested in buying liquefied natural gas (LN...
Maersk Finalizes ECO Delivery Deal with Amazon
Categories: News Flash
Date: Sep 07, 2023
A.P. Moller – Maersk (Maersk) and Amazon have finalized a 2023-2024 agreement for the transport o...
Panama Canal water levels at historic lows, restrictions to remain
Categories: News Flash
Date: Sep 07, 2023
The Panama Canal’s water levels have not recovered enough as the end of the rainy season approach...
Soybeans rebound as U.S. crop deteriorates in hot, dry weather
Categories: News Flash
Date: Sep 07, 2023
Chicago soybean futures rose on Wednesday, recouping the last session’s losses, after a weekly U....
Capesize uptick propels Baltic index
Categories: News Flash
Date: Sep 07, 2023
The Baltic Exchange’s main sea freight index rose on Wednesday, supported by gains in the capesiz...