News Flash
Baltic index snaps 5-day winning streak as capesize rates slip
Categories: News Flash
Date: Aug 03, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Diana Shipping Inc. Reports Second Quarter Net Income of $10.4 Million
Categories: News Flash
Date: Aug 02, 2023
Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-i...
Greek July factory activity expands as output, new orders grow -PMI
Categories: News Flash
Date: Aug 02, 2023
Greek factory activity expanded in July for the sixth month in a row, as output and new orders grew...
China pledges financing support for small firms amid weak economic recovery
Categories: News Flash
Date: Aug 02, 2023
Chinese ministries, regulators and the central bank on Tuesday pledged more financing support to sm...
U.S. crude, products supplied rise in May to highest since August 2019 -EIA
Categories: News Flash
Date: Aug 02, 2023
U.S. product supplied of crude and petroleum products, a proxy for demand, rose to 20.78 million ba...
Iron ore end mixed on China’s stimulus hopes, oversupply concerns
Categories: News Flash
Date: Aug 02, 2023
Dalian iron ore futures edged up slightly on Tuesday, while Singapore iron ore futures fell with th...
Ocean Yield Announces Investment in four product tankers with inaugural sustainability-linked lease
Categories: News Flash
Date: Aug 02, 2023
Ocean Yield AS is pleased to announce that it has agreed to purchase four LR1 product tankers, to b...
Hanwha Ocean wins $259.9 mln LNG tanker contract from Asian client
Categories: News Flash
Date: Aug 02, 2023
South Korean major shipbuilder Hanwha Ocean, formerly known as Daewoo Shipbuilding & Marine Eng...
Russia says thwarts Ukrainian attacks on navy and civilian ships in Black Sea
Categories: News Flash
Date: Aug 02, 2023
Russia’s defence ministry said on Tuesday it had thwarted attacks by Ukrainiansea drones onits na...
Asia Fuel Oil-HSFO jumps on strong bids, but headwinds loom
Categories: News Flash
Date: Aug 02, 2023
Asia’s cash differential for high sulphur fuel oil (HSFO) jumped sharply on Tuesday as strong bid...
Baltic index climbs to over 1-month high on demand for larger vessels
Categories: News Flash
Date: Aug 02, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Signing Contracts for US$49.3M, PIS (Pertamina) Now Sails across 26 International Routes
Categories: News Flash
Date: Aug 01, 2023
PT Pertamina International Shipping (PIS), through its branch office in Dubai, PIS Middle East (PIS...
Carrier reliance on leased container fleet to support higher per diems and cash returns
Categories: News Flash
Date: Aug 01, 2023
Drewry expects the global pool of container equipment to contract by 2% in 2023 as trade growth rem...
Tankers: Crude Flows Constantly Shifting
Categories: News Flash
Date: Aug 01, 2023
seaborne crude oil flows keep on changing, with China having recently emerged as major buyer of US ...
Drewry: Port Equity Index Down 0.9%, Despite Stock Market Boom
Categories: News Flash
Date: Aug 01, 2023
The ongoing rally in the broader S&P is fuelled by the bullish bets placed on the technology st...
Asia Fuel Oil-HSFO margins close at more than one-year highs
Categories: News Flash
Date: Aug 01, 2023
Refining margins for high sulphur fuel oil (HSFO) closed the final trading day of the month at more...
Iron ore inches higher on fresh China support
Categories: News Flash
Date: Aug 01, 2023
Iron ore futures edged up on Monday after Chinese authorities announced measures to increase consum...
Canada’s dock workers, employers reach tentative labour deal
Categories: News Flash
Date: Aug 01, 2023
West coast dock workers in Canada and their employers’ association reached a settlement agreemen...
Ukraine and Croatia agree on use of Croatian ports for grain exports
Categories: News Flash
Date: Aug 01, 2023
Ukraine and Croatia have agreed on the possibility of using Croatian ports on the Danube and the Ad...
Rhine river levels in Germany close to normal after rain
Categories: News Flash
Date: Aug 01, 2023
Repeated rainfall has raised water levels on the river Rhine in Germany, with much of it back or cl...
Baltic index rises, logs second straight monthly gain
Categories: News Flash
Date: Aug 01, 2023
The Baltic Exchange’s main sea freight index gained on Monday, posting its second straight monthl...
Longshoremen’s union can sue shipping association over port jobs -4th Circ
Categories: News Flash
Date: Jul 31, 2023
A union representing longshoremen was within its rights to sue an association of shipping companies...
OCI Global and X-Press Feeders sign green methanol offtake agreement, decarbonizing a key link in the global shipping chain
Categories: News Flash
Date: Jul 31, 2023
OCI Global (Euronext: OCI) and X-Press Feeders have announced that OCI Hyfuels will supply XPress F...
Platts Forties Sulfur de-escalator at 3-year low on firm sour crude, fuel oil
Categories: News Flash
Date: Jul 31, 2023
Platts Forties sulfur de-escalator was assessed July 25 at its lowest value since June 2022, as rec...
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...