News Flash
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...
India remained top buyer of Russian Urals in Aug despite rising prices
Categories: News Flash
Date: Sep 06, 2023
India remained the main buyer of Russian Urals oil loaded from the state’s ports in August, despi...
Baltic index slips as capesize losses outweigh panamax gains
Categories: News Flash
Date: Sep 06, 2023
The Baltic Exchange’s main sea freight index declined on Tuesday as capesize rates hit a near six...
Asia Fuel Oil-VLSFO softens, HSFO steadies on thin trade
Categories: News Flash
Date: Sep 06, 2023
Asia’s very low sulphur fuel oil (VLSFO) market weakened further as front-month backwardation con...
StormGeo Launches End-to-End Bunker Management Solution, Setting New Industry Standards for Full Data Control
Categories: News Flash
Date: Sep 06, 2023
StormGeo, the leading provider of voyage optimization and weather intelligence solutions, today ann...
NAVTOR demonstrates importance of Greek market with launch of NAVTOR Hellas
Categories: News Flash
Date: Sep 06, 2023
NAVTOR, a global leader in maritime e-Navigation and performance solutions, has announced the openi...
WinGD and Samsung Heavy Industries to cooperate on future fuel applications
Categories: News Flash
Date: Sep 06, 2023
Swiss marine power company WinGD and shipbuilder Samsung Heavy Industries (SHI) have agreed to coop...
Carbon dioxide shipping set to surge on rising offshore storage demand
Categories: News Flash
Date: Sep 06, 2023
Carbon dioxide transportation is shifting to the seas as emitters look to move captured gas to offs...
Iron ore rally cools as traders assess China demand prospects
Categories: News Flash
Date: Sep 06, 2023
Dalian iron ore dipped on Tuesday while the Singapore benchmark trimmed gains, as traders weighed C...
Global refining output seen staying near full capacity on high margins
Categories: News Flash
Date: Sep 06, 2023
Refiners globally are expected to run at near full capacity in the near term to seize strong margin...
BIMCO: Tanker Shipping Market Prospects Are Looking Positive
Categories: News Flash
Date: Sep 06, 2023
We forecast that the crude tanker market will see cargo volume growth of between 2.0% and 3.0% in 2...
Venezuela’s August oil exports slump 38% as crude upgrading falls short
Categories: News Flash
Date: Sep 05, 2023
Venezuela’s oil exports in August fell 38% from a three-year high in July as state-run oil compan...
Höegh LNG and Aker BP Form Strategic Partnership for Carbon Transport and Storage Solutions
Categories: News Flash
Date: Sep 05, 2023
Höegh LNG and Aker BP have entered a strategic partnership to develop a fully comprehensive carbo...
Iron ore gains as China property stimulus in focus
Categories: News Flash
Date: Sep 05, 2023
Iron ore futures clung to modest gains on Monday amid optimism over top global steel producer Chin...
G7 oil price cap effective in cutting Russian revenue -Treasury official
Categories: News Flash
Date: Sep 05, 2023
The Group of Seven’s price cap on Russian oil is still effective in limiting Russia’s revenue a...
Gard Delivers Strong Half-Year Results Despite Market Adjustments
Categories: News Flash
Date: Sep 05, 2023
The group’s half-year results for the period 1 January 2023 to 30 June 2023, on an Estimated Tota...
Saudi Arabia shipped less oil in August as OPEC cuts continue
Categories: News Flash
Date: Sep 05, 2023
Saudi Arabia shipped 175.22 million barrels of crude oil in August 2023, over 31 million barrels le...
Ukraine limits cargo shipments to Danube port after Russian strikes
Categories: News Flash
Date: Sep 05, 2023
Ukrainian railways have partially restricted cargo shipments to Ukraine’s major Danube River port...
Asia Fuel Oil-Cash differentials dip on softer market structure
Categories: News Flash
Date: Sep 05, 2023
Fuel oil cash differentials fell in Asia on Monday after the market structure weakened for the prom...