News Flash
Shipping group CMA CGM braced for weaker profit before demand picks up in 2024
Categories: News Flash
Date: Jul 31, 2023
French shipping group CMA CGM expects container freight demand to improve from next year but the gr...
Tankers: VLCC Rates in the Middle East Softened This Week
Categories: News Flash
Date: Jul 31, 2023
Clean The BCTI finished the week at 671, up from 610 the previous week. In the Middle East Gu...
Pyxis Tankers Inc is expected to post earnings of 23 cents a share
Categories: News Flash
Date: Jul 31, 2023
Pyxis Tankers Inc is expected to show a fall in quarterly revenue when it reports results on August...
Grafmarine Solar Energy Cells tested on Carisbrooke Vessel
Categories: News Flash
Date: Jul 31, 2023
Carisbrooke Shipping Ltd, which operates a fleet of multi-purpose vessels from offices in Cowes on ...
Western Canada dock workers union rejects labor contract.
Categories: News Flash
Date: Jul 31, 2023
Dock workers in Western Canada have rejected a proposed labor contract that would have ended a disp...
S.Korea’s shipbuilders near $9.4 bn in LNG carrier orders from Qatar.
Categories: News Flash
Date: Jul 31, 2023
South Korea’s top three shipbuilders — HD Hyundai Heavy Industries Co., Hanwha Ocean Co. and Sa...
Russia threatens civilian vessels in Black Sea, Ukraine says.
Categories: News Flash
Date: Jul 31, 2023
A senior Ukrainian official accused Russia on Friday of threatening civilian vessels in the Black S...
Saudi unlikely to continue oil production cut – Julius Baer
Categories: News Flash
Date: Jul 28, 2023
Saudi Arabia is “unlikely to continue” with its solo oil production cut, after fellow petro-nat...
ECB raises key rate to historic high, keeps options open
Categories: News Flash
Date: Jul 28, 2023
The European Central Bank raised its deposit rate to a historic high on Thursday and kept its optio...
Australia’s Fortescue Metals sees higher annual iron ore shipments
Categories: News Flash
Date: Jul 28, 2023
Fortescue Metals Group on Thursday forecast higher iron ore shipments for fiscal 2024, encouraged b...
Patrick Terminals to boost sustainable container handling with ten Kalmar hybrid straddle carriers
Categories: News Flash
Date: Jul 28, 2023
Kalmar, part of Cargotec, will supply a total of ten new Kalmar Hybrid Straddle Carriers to Patrick...
China loads 750,000 tons of sugar in Brazil, year’s largest import volume
Categories: News Flash
Date: Jul 28, 2023
Chinese buyers are currently loading dozens of vessels with around 750,000 metric tons of sugar at ...
Russia’s FSB: traces of explosives found on second Russia-bound grain ship
Categories: News Flash
Date: Jul 28, 2023
Russia’s Federal Security Service (FSB) said on Thursday it had found traces of explosives on boa...
WFW advises First Citizens Bank on US$123m Greek shipping loan portfolio acquisition
Categories: News Flash
Date: Jul 28, 2023
Watson Farley & Williams (“WFW”) advised First Citizens Bank (“FCB”), on its acquisitio...
Asia Fuel Oil-VLSFO cash premium rises for a second straight day
Categories: News Flash
Date: Jul 28, 2023
Asia’s cash differential for very-low sulphur fuel oil (VLSFO) extended gains on Thursday after f...
Emissions insights could cut EU-mandated carbon costs of shipping by 50%
Categories: News Flash
Date: Jul 28, 2023
LSEG (London Stock Exchange Group) and Siglar Carbon, a maritime emissions analytics company, have ...
Baltic index hits two-week high on firm capesize, panamax demand
Categories: News Flash
Date: Jul 28, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Panama And Peru Strengthen Relations In The Maritime Field
Categories: News Flash
Date: Jul 27, 2023
The Panama Maritime Authority (AMP) and the National Maritime Authority of Peru signed an Inter-ins...
Three Companies to Expand Container Terminal in Kobe – Signs MoU with Kobe-Osaka International Port and ‘K’ Line
Categories: News Flash
Date: Jul 27, 2023
Mitsui O.S.K. Lines, Ltd. yesterady announced the signing of a memorandum of understanding (MoU) fo...
LNG-fueled Tugboat Sakigake Conducts Final LNG Bunkering
Categories: News Flash
Date: Jul 27, 2023
On July 25, the LNG-fueled tugboat Sakigake, operated in Tokyo Bay by the NYK Group’s Shin-Nippon...
Dutch crews battle major blaze on cargo ship
Categories: News Flash
Date: Jul 27, 2023
A fire on a cargo ship resulted in the loss of one crew member’s life and left several others inj...
Newbuildings: Tankers and Bulkers the Main Targets
Categories: News Flash
Date: Jul 27, 2023
ship owners have kept ordering newbuildings, with bulkers and tankers the main targets. In its late...
Drought-hit Panama Canal restricts daily crossings in water-saving move
Categories: News Flash
Date: Jul 27, 2023
The Panama Canal will extend restrictions on ships’ maximum depth, it said on Tuesday, and it has...
Rain raises Rhine river levels in Germany; north still too shallow
Categories: News Flash
Date: Jul 27, 2023
Heavy rain has raised water levels on the Rhine in Germany, but the river is stilltoo shallow in ce...
Iranian oil remains stuck off US coast as shippers fear repercussions
Categories: News Flash
Date: Jul 27, 2023
A cargo of sanctioned Iranian crude oil that was confiscated by the U.S. has sat off the Texas coas...
Rated Chinese Corporates’ Credit Fundamentals Improve; Leverage Stable
Categories: News Flash
Date: Jul 27, 2023
Credit fundamentals for most Chinese corporate sectors in Fitch’s rated portfolio have improved a...
Baltic index logs best day in nearly 5 months on capesize strength
Categories: News Flash
Date: Jul 27, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
China’s Support Signal for Private Companies May Influence Credit Profiles
Categories: News Flash
Date: Jul 26, 2023
A commitment to support the private sector’s growth, issued jointly by China’s State Council an...
Middle East Crude-Benchmarks climb as traders speed up spot purchases
Categories: News Flash
Date: Jul 26, 2023
Middle East crude benchmarks rose on Tuesday as traders accelerated clearing spot cargoes toward th...
Japan still seen missing target to balance primary budget by March 2026
Categories: News Flash
Date: Jul 26, 2023
Japan’s government on Tuesday left its own projections unchanged for achieving a primary budget s...
Smart Maritime Network and ClassNK launch Standardised Data Innovation Challenge for start-ups and entrepreneurs
Categories: News Flash
Date: Jul 26, 2023
Smart Maritime Network, a leading platform for digital transformation in the maritime industry, is ...
Asia Fuel Oil-VLSFO downtrend pauses, while HSFO eases slightly
Categories: News Flash
Date: Jul 26, 2023
Asia’s spot fuel oil market has started to stabilise in recent sessions, with very-low sulphur fu...