News Flash

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Singapore April bunker sales hit three-month high on better prices

Categories: News Flash

Date: May 16, 2023

Sales of marine fuel, also known as bunker fuel, hit three-month highs in the world’s biggest ref...

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US Unlikely To Sanction South Africa In Russia Weapons Dispute

Categories: News Flash

Date: May 15, 2023

South African Finance Minister Enoch Godongwana said his country had resolved a dispute with t...

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Korea Commissions LNG Bunker Vessel with Domestic Containment System

Categories: News Flash

Date: May 15, 2023

South Korea christened its new domestically designed and built liquified natural gas bunker vessel ...

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Asian spot LNG prices fall for third straight week to near 2-yr low

Categories: News Flash

Date: May 15, 2023

Asian spot liquefied natural gas (LNG) prices fell for the third straight week on Friday to the low...

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DIS Recorded Very Strong Consolidated Results In The First Quarter of 2023, With Net Profit Of Us$ 54.1m, Ebitda Of US$ 76.4m

Categories: News Flash

Date: May 15, 2023

The Board of Directors of d’Amico International Shipping S.A. (Borsa Italiana: “DIS”) (he...

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IMO: Preparing for future emerging global health threats

Categories: News Flash

Date: May 15, 2023

IMO is participating in global efforts led by the World Health Organization (WHO) to better prepare...

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HMM joins takeover bid to buy Hyundai LNG Shipping

Categories: News Flash

Date: May 15, 2023

HMM, South Korea’s largest LNG shipping firm, will join a bid to acquire a 100 percent stake in H...

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Record U.S. crude exports, rising shale output boosts oil flow to Houston

Categories: News Flash

Date: May 15, 2023

Oil pipelines from the top U.S. shale field to Houston that have run half empty are filling again a...

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Russia Starts Building Ships for North-South Trade Route to Iran

Categories: News Flash

Date: May 15, 2023

The first block for a new class of Russian domestic containership that is also capable of carrying ...

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Hapag-Lloyd: Higher costs will inevitably push up shipping rates

Categories: News Flash

Date: May 15, 2023

Germany’s Hapag-Lloyd, the world’s fifth-largest shipping line, posted better-than-expected res...

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South East Asia set to enter coal importer big leagues

Categories: News Flash

Date: May 15, 2023

Southeast Asia only accounts for around 12% of global thermal coal imports, so is often overshadowe...

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Iron ore wobbles on China demand concerns, stimulus hopes

Categories: News Flash

Date: May 13, 2023

Iron ore futures fell on Friday, as traders worried about a dim demand outlook in top steel pro...

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India’s April palm oil imports slump 30% to 14-month low

Categories: News Flash

Date: May 13, 2023

India’s palm oil imports in April slumped 30% from a month earlier to hit a 14-month low, as the ...

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COSCO SHIPPING Ports announces that the German Government confirms the approval of the investment by the Company in 24.99% equity interest of Hamburg Port Container Terminal Tollerort

Categories: News Flash

Date: May 13, 2023

COSCO SHIPPING Ports Limited (‘CSPL’ or ‘the Company’) announces that on 10 May, the Ge...

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EXMAR Reports Higher First Quarter Revenues

Categories: News Flash

Date: May 13, 2023

The Executive Committee of EXMAR NV today reports its first quarter results 2023 KEY EVENTS FIRS...

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Baltic Exchange assurance engagement for Ocean Bulk completed by PWC

Categories: News Flash

Date: May 13, 2023

PricewaterhouseCoopers LLP (PwC) have recently completed the third independent assurance audit of B...

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China steps up sampling of soy cargoes, adding to costly delays, traders say

Categories: News Flash

Date: May 13, 2023

China is significantly increasing the rate of inspections on imported soybean cargoes, three soybea...

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Bankrupt Bed Bath & Beyond goes after container shipping lines

Categories: News Flash

Date: May 13, 2023

Bed Bath & Beyond filed for bankruptcy protection on April 23 and is closing all 475 of its...

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VLSFO steady; market awaits fresh tenders from Kuwait’s Al Zour

Categories: News Flash

Date: May 13, 2023

Asia’s very-low sulphur fuel oil (VLSFO) benchmarks held stable on Friday, with activity largely ...

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Panama concludes update of the General Merchant Marine Law

Categories: News Flash

Date: May 13, 2023

The Panama Maritime Authority (AMP) and Panama’s main maritime associations concluded the meeting...

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Box rates not sustainable amid inflation pressure: Hapag-Lloyd

Categories: News Flash

Date: May 13, 2023

Container shipping rates have weakened to a level “not sustainable” for box carriers in the lon...

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Global Ship Lease: Normalization of Rates and Asset Prices Continued During First Quarter of 2023

Categories: News Flash

Date: May 12, 2023

Global Ship Lease, Inc., an owner of containerships, announced today its unaudited results for ...

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Hapag-Lloyd Q1 2023: good resilience in weaker market environment

Categories: News Flash

Date: May 12, 2023

Hapag-Lloyd has concluded the first quarter of 2023 with an EBITDA of USD 2.4 billion (EUR 2.2 bill...

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Seanergy Maritime Successfully Completes $54 million Refinancing Transactions for 3 Capesize Vessels with Significant Cost and Liquidity Benefits for the Company

Categories: News Flash

Date: May 12, 2023

Seanergy Maritime Holdings Corp. announced today that, pursuant to its strategy of pursuing attract...

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TORM: Freight Rates During First Quarter Were Three Times Higher Year-on-Year

Categories: News Flash

Date: May 12, 2023

“During the first quarter of 2023, we saw a sustained strong product tanker market with high vola...

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Talks on extending Ukraine grain deal look at U.N. proposals

Categories: News Flash

Date: May 12, 2023

Ukraine, Russia, Turkey and the United Nations discussed on Thursday U.N. proposals to extend a dea...

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Euronav: Tanker Market To Grow for Many Years to Come

Categories: News Flash

Date: May 12, 2023

Euronav NV reported its non-audited financial results today for the first quarter ended 31 March 20...

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Cash premiums, margins steady; Singapore inventories ease further

Categories: News Flash

Date: May 12, 2023

Asia’s fuel oil market was little changed on Thursday, while residual fuel oil stocks at Singapor...

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MABUX: Bunker Prices Expected to Stabilize Next Week

Categories: News Flash

Date: May 12, 2023

Over Week 19, the global MABUX bunker indices showed a moderate upward correction. The 380 HSFO ind...

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Jotun: Committed to cleaner shipping

Categories: News Flash

Date: May 12, 2023

As the world’s leading supplier of marine coatings, Jotun partners with a broad range of stakehol...

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Safe Bulkers, Inc. Focusing on Green Retrofits of its Fleet of Bulkers

Categories: News Flash

Date: May 12, 2023

Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announ...

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Vopak opens new infrastructure to support sustainable energy production in the port of Rotterdam

Categories: News Flash

Date: May 11, 2023

Today Vopak celebrates the opening of 16 new tanks with a combined capacity of 64,000 cubic meters ...