News Flash
Asia spot prices steady amid high stocks, muted demand
Categories: News Flash
Date: Nov 20, 2023
Asian spot liquefied natural gas (LNG) prices were little changed this week, amid high inventory le...
US drillers add oil and gas rigs for the first time in three weeks – Baker Hughes
Categories: News Flash
Date: Nov 20, 2023
U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks, as th...
LNG floating storage starts to offload in Europe as gas storage withdrawals begin
Categories: News Flash
Date: Nov 20, 2023
LNG cargoes floating near the shores of Europe have begun to unload in November, as natural gas sto...
Zhoushan’s balance-Nov term ex-wharf LSFO bunker premiums surge, supplies tighten
Categories: News Flash
Date: Nov 20, 2023
The term contractual ex-wharf 0.5%S marine fuel cargoes for the balance of November’s supply at t...
Rhenus modernises its canal push boats with the latest generation of engines
Categories: News Flash
Date: Nov 20, 2023
The Rhenus Group has made major changes to re-equip two canal pushboats operated by Deutsche Binnen...
Drewry: World Container Index Down 2% Last Week
Categories: News Flash
Date: Nov 20, 2023
Drewry’s World Container Index decreased by 2% to $1,469 per 40ft container this week. Our det...
GMS Week 46 – BRIGHTER DAYS AHEAD?
Categories: News Flash
Date: Nov 20, 2023
As Diwali holiday celebrations concluded earlier in the week, Alang Recyclers seems to slowly be&nb...
Ukraine’s food exports to Asia and Africa fall due to blocked seaports -association
Categories: News Flash
Date: Nov 17, 2023
Ukraine has sharply reduced its exports of farm goods to Asian and African countries so far in 2023...
Vitol hires ship to load Venezuela crude for China after U.S. lifts sanctions – sources
Categories: News Flash
Date: Nov 17, 2023
Vitol, world’s largest independent oil trader, has provisionally chartered a supertanker to load ...
Dalian iron ore falls as China steps in to tame prices
Categories: News Flash
Date: Nov 17, 2023
Dalian iron ore futures fell on Thursday, as Chinese authorities intervened to control soaring pric...
Saudi Arabia’s crude exports rise in September
Categories: News Flash
Date: Nov 17, 2023
Saudi Arabia’s crude oil exports in September rose 3% from the previous month to 5.75 million Bar...
High water closes parts of the Rhine River in South Germany to shipping
Categories: News Flash
Date: Nov 17, 2023
Parts of the river Rhine in Germany have been closed to shipping because of a rise in water levels ...
Pollution from ships: stricter measures to stop illegal discharges
Categories: News Flash
Date: Nov 17, 2023
Ships in EU seas should face dissuasive fines not only for oil spills, but also for sewage and garb...
Asia Fuel Oil-HSFO cash differentials rebound, Singapore stocks fall
Categories: News Flash
Date: Nov 17, 2023
Cash differentials for high sulphur fuel oil (HSFO) rebounded on Thursday after inventories at Sing...
European shipowners call for clean affordable fuels for shipping before Parliament vote on truck's CO2 standards
Categories: News Flash
Date: Nov 17, 2023
The EU recently adopted the ‘Fit for 55’ package that introduces the new ambitious measures for...
Baltic index rises on stronger vessel rates across segments
Categories: News Flash
Date: Nov 17, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Tougher EU methane rules mean the US gas sector must clean up act
Categories: News Flash
Date: Nov 17, 2023
As Europe’s top supplier of Liquefied Natural Gas (LNG), the United States has been the main bene...
Higher monthly volumes of congestion at major Brazilian ports and days waiting
Categories: News Flash
Date: Nov 16, 2023
In the third week of November, the larger ship categories recorded greater stability in freight rat...
Ocean Safety unveils new brand identity at METSTRADE 2023
Categories: News Flash
Date: Nov 16, 2023
Marine safety specialist, Ocean Safety has unveiled its striking new brand identity at METSTRADE 20...
KVH Crew Wellbeing Solutions Honored with 2023 CAREER4SEA Europort Award
Categories: News Flash
Date: Nov 16, 2023
On November 10, 2023, the SAFETY4SEA organization and Europort honored KVH Industries, Inc. (Nasdaq...
Ethos Shipmanagement Celebrates Its First-Year Anniversary and Marks The Occasion With A Gas Carrier Certification Endorsement
Categories: News Flash
Date: Nov 16, 2023
Cyprus based and newly formed company, Ethos Shipmanagement, celebrated its first-year anniversary ...
Wärtsilä Continues to Set The Pace For Marine Decarbonisation With Launch Of World-First 4-Stroke Engine-Based Ammonia Solution
Categories: News Flash
Date: Nov 16, 2023
Technology group Wärtsilä has introduced the marine sector’s first commercially available 4-str...
KCC and Silverstream Technologies agree deal to equip next four vessels with air lubrication technology.
Categories: News Flash
Date: Nov 16, 2023
Klaveness Combination Carriers (“KCC”) announces a deal has been agreed to retrofit four additi...
ENGINE: Europe & Africa Bunker Fuel Availability Outlook
Categories: News Flash
Date: Nov 16, 2023
Northwest Europe In the ARA hub, recommended lead times for HSFO are 5-7 days, and 4-6 days for ...
New Study Launched Highlighting The Positive Impacts Of Turning Down The Volume
Categories: News Flash
Date: Nov 16, 2023
A new study by the University of Southampton has been launched to assess the interrelationship betw...
Denmark could block tankers with Russian oil from reaching markets.
Categories: News Flash
Date: Nov 16, 2023
Denmark will be tasked with inspecting and potentially blocking tankers carrying Russian oil throug...
Baltic index hits a three-week high buoyed by smaller vessels’ rate lift.
Categories: News Flash
Date: Nov 16, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Iron ore gains on China property sector stimulus, lower imports
Categories: News Flash
Date: Nov 15, 2023
Iron ore futures advanced on Tuesday, as market participants weighed property sector-related stimu...
BW LPG Reports Third Quarter Net Profit of $122.2 Million
Categories: News Flash
Date: Nov 15, 2023
Highlights and Subsequent Events Strongest quarterly performance on record with daily TCE of USD...
LNG-fueled Panamax Coal Carrier Reimei Commences Operation
Categories: News Flash
Date: Nov 15, 2023
Mitsui O.S.K. Lines, Ltd. (MOL) and Kyushu Electric Power Co., Inc. (Kyuden) today announced a Pana...
ZeroNorth Consolidates Bunker Businesses To Accelerate Environmental Impact
Categories: News Flash
Date: Nov 15, 2023
Technology company ZeroNorth has today announced that it is consolidating its existing bunkering bu...
Asia Fuel Oil-VLSFO refining margins rise further on tight supplies
Categories: News Flash
Date: Nov 15, 2023
Refining margins for very low sulphur fuel oil (VLSFO) extended gains on Tuesday amid persisting ti...