News Flash

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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 ...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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 ...

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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...

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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...

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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...

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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...