News Flash
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...
Dalian iron ore climbs nearly 3% on expectations of more China stimulus
Categories: News Flash
Date: Jan 04, 2024
The most-traded May iron ore on China’s Dalian Commodity Exchange rose 2.8% to 1,017.5 yuan ($142...
P&I Insurance Renewals: Navigating the 20th February 2024 Changes”: Understanding P&I Insurance in 2024
Categories: News Flash
Date: Jan 04, 2024
Protection and Indemnity (P&I) insurance is a cornerstone of maritime commerce, safeguarding sh...
Ship Sales Fall in 2023
Categories: News Flash
Date: Jan 04, 2024
Activity in the S&P market was below 2022 levels, during the past year. In its latest weekly re...
The US was the top LNG exporter in 2023 as hit record levels
Categories: News Flash
Date: Jan 04, 2024
U.S. liquefied natural gas exports hit monthly and annual record highs in December, tanker tracking...
Bunker One and Color Line collaborate on a successful fuel switch to biofuel
Categories: News Flash
Date: Jan 04, 2024
Color Line’s two passenger ferries connecting Denmark and Norway have been running on B100 biofue...
Korean Shipbuilding Industry Increasingly Anticipating Tanker Orders
Categories: News Flash
Date: Jan 04, 2024
In 2024, Korean shipbuilders are likely to benefit from an increase in tanker orders because of inc...
Asia Fuel Oil-HSFO firms; market eyes China demand, Red Sea tensions
Categories: News Flash
Date: Jan 04, 2024
Asia’s high sulphur fuel oil (HSFO) market extended gains for a second consecutive session on Wed...
FUJAIRAH DATA: Oil product stocks rise after 16% annual drop
Categories: News Flash
Date: Jan 04, 2024
Stockpiles of oil products at the UAE’s Port of Fujairah climbed 10% in the week ended Jan. 1, le...
Baltic index edges down as demand for smaller vessels slips
Categories: News Flash
Date: Jan 04, 2024
The Baltic Exchange’s dry bulk sea freight index eased on Wednesday, as falling rates for panamax...
Maersk’s Red Sea shipping pause highlights challenges for U.S.-led efforts to protect trade.
Categories: News Flash
Date: Jan 04, 2024
The threat to global trade in the Red Sea remains high, even with efforts to protect commercial ves...
EU ETS adoption: opaque methodologies leave container markets to navigate murky waters
Categories: News Flash
Date: Jan 02, 2024
After a year of positional uncertainty, the container industry is now shedding light on the impact ...
Maersk pauses sailings through Red Sea again after new attack
Categories: News Flash
Date: Jan 02, 2024
A.P. Moller-Maersk said Dec. 31 it has suspended its vessels transiting the Red Sea for 48 hours af...
Arctic LNG 2's Investors Get Nervous as American Sanctions Begin to Bite
Categories: News Flash
Date: Jan 02, 2024
Novatek's Arctic LNG 2 project is one of the most significant liquefied natural gas export developm...
Shell Fined $1.2M After Worker's Feet Were Crushed in Gangway Accident
Categories: News Flash
Date: Jan 02, 2024
Energy giant Shell and offshore access provider Ampelmann have been fined $1.5 million after t...
UK Says it is Prepared for Military Action in Red Sea to Defend Shipping
Categories: News Flash
Date: Jan 02, 2024
The UK is reiterating that it is prepared to take direct military action in response to what Defenc...
Eight Missing After New Bunker Vessel Collides with Chinese Fishing Boat
Categories: News Flash
Date: Jan 02, 2024
Chinese authorities are investigating an accident between a new Singapore-registered bunker vessel...
Carrier USS Ford Finally Heads Home After Extended Mission in East Med
Categories: News Flash
Date: Jan 02, 2024
The first-in-class carrier USS Gerald R. Ford has capped off an eight-month extended depl...
USCG Says There is “No Immediate Risk” After Cargo Fire on Ship off Alaska
Categories: News Flash
Date: Jan 02, 2024
The U.S. Coast Guard is reporting that there is no active fire or immediate risk aboard the cargo s...
Asian-Based Carriers Jump to the Lead in Schedule Reliability
Categories: News Flash
Date: Jan 02, 2024
Schedule reliability took its second major drop of 2023 in November during a year of mostly positiv...
Advancing Sustainable Ship Recycling: The Imperative of Hong Kong Convention (HKC) as the Sole Regulation
Categories: News Flash
Date: Jan 01, 2024
Ship recycling, constituting a fundamental pillar of the maritime industry, is pivotal for environm...
Asia’s thermal coal trade in 2023 to stay strong; world imports to drop in 2024
Categories: News Flash
Date: Jan 01, 2024
Thermal coal trade in Asia in 2023 is set to outpace 2022 by 17%, with the biggest driver of this r...
Fraudulent origins suspected for 80% of the EU’s UCO imports – T&E
Categories: News Flash
Date: Jan 01, 2024
The European Commission recently published data from International Sustainability and Carbon Certif...
Hapag-Lloyd, Japanese shipping firms continue to re-route from Suez Canal
Categories: News Flash
Date: Jan 01, 2024
Hapag-Lloyd HLAG.DE will continue to divert its vessels around the Suez Canal for security reasons,...
Delay in Brazilian planting to boost US soybean exports in Q1 2024
Categories: News Flash
Date: Jan 01, 2024
The US soybean exports in the first quarter of 2024 are expected to get a boost from Brazil’s pla...
Asia Fuel Oil-Margins log climb in 2023; supply pressure weighs in 2024
Categories: News Flash
Date: Jan 01, 2024
Fuel oil refining margins logged a yearly increase in Asia, data from LSEG showed on Friday, though...
China’s first 2024 refined fuel export quotas flat vs year ago
Categories: News Flash
Date: Jan 01, 2024
China has issued its first refined fuel export quotas for 2024 totalling 19 million metric tons, a ...