News Flash
FSO Safer: Plans to salvage rusting oil tanker delayed by rising shipping costs
Categories: News Flash
Date: Jan 19, 2023
A rusting oil tanker that has been described as a “floating time bomb” moored in the Red Sea is...
India’s Russian oil binge drags down OPEC’s share to lowest in 2022
Categories: News Flash
Date: Jan 19, 2023
Russia became the third-largest oil supplier to India in 2022, making up about 15% of total purchas...
Naphtha margin down, but China optimism cushions fall
Categories: News Flash
Date: Jan 19, 2023
Asia’s naphtha refining profit margin inched lower on Wednesday as crude prices jumped about 1%, ...
Government set to ban 25-year-old oil tankers, bulk carriers and other ships calling Indian Ports
Categories: News Flash
Date: Jan 18, 2023
The government is set to ban 25-year-old oil tankers, bulk carriers and general cargo vessels, both...
Exports slide 12% on recession fears; trade deficit widens to $23.76 bn
Categories: News Flash
Date: Jan 18, 2023
India’s merchandise exports contracted 12.2 per cent year-on-year (YoY) in December to $34.48 bil...
Containers stuck at ports despite SBP order: KATI
Categories: News Flash
Date: Jan 18, 2023
President of the Korangi Association of Trade and Industry (KATI) Faraz-ur-Rehman has expressed con...
Electricity constraints force Canada’s first LNG terminal to delay renewable shift
Categories: News Flash
Date: Jan 18, 2023
Shell PLC’s LNG Canada export project in British Columbia plans to start building its proposed se...
Ascenz secures a first contract in Mexico for its electronic fuel monitoring system solution
Categories: News Flash
Date: Jan 18, 2023
Ascenz, a GTT Digital company, has been selected by a major Mexican ship-owner to equip a tanker wi...
Spot 380-cst HSFO extends gain on stronger bidding
Categories: News Flash
Date: Jan 18, 2023
Asia’s spot cash differential for 380-cst high sulphur fuel oil (HSFO) extended gains to a second...
The BMA launches comprehensive online reporting tool for use by managers and owners
Categories: News Flash
Date: Jan 18, 2023
In line with The Bahamas Maritime Authority’s (BMA) commitment to consistently high standards and...
Baltic index falls to fresh multi-year lows on lower capesize rates
Categories: News Flash
Date: Jan 18, 2023
The Baltic Exchange’s main sea freight index tracking rates for ships carrying dry bulk commoditi...
Indian, European oil firms evaluating bids for Guyana blocks
Categories: News Flash
Date: Jan 18, 2023
Guyana’s upcoming bidding round for offshore areas has caught the interest of top energy companie...
Ship Recycling “Slow Steaming” into 2023
Categories: News Flash
Date: Jan 18, 2023
The ship recycling market has, so far, failed to impress at the beginning of 2023. In its latest we...
Seven Islands Shipping expands fleet with a medium range oil tanker
Categories: News Flash
Date: Jan 17, 2023
Seven Islands shipping Ltd, backed by Indian born Canadian businessman Prem Watsa – led Fairfax I...
Indian Register of Shipping (IRS) undertakes classification services for Floating Dock and New Generation OPVs at Goa Shipyard
Categories: News Flash
Date: Jan 17, 2023
The leading classification society, Indian Register of Shipping (IRS), is providing classification ...
Wilhelmsen enters into agreement to acquire Navadan, to join forces and grow further within tank and cargo hold cleaning
Categories: News Flash
Date: Jan 17, 2023
Throughout the last 25 years, Navadan have built themselves into a strong player within tank and ca...
Crude oil tanker rates cool off as Chinese imports rise
Categories: News Flash
Date: Jan 17, 2023
As China eases COVID restrictions and opens up its economy, new trends are emerging in the shipping...
VLSFO premium rises for fifth straight session
Categories: News Flash
Date: Jan 17, 2023
The spot cash premium for 0.5% very low sulphur fuel oil (VLSFO) rose for a fifth consecutive day o...
New advisory committee launched to address major maritime issues impacting Filipino seafarers
Categories: News Flash
Date: Jan 17, 2023
Global leaders from organisations representing seafarers, shipowners and other maritime employers s...
Cyprus floats automatic ship tonnage tax renewal to buffer sector
Categories: News Flash
Date: Jan 17, 2023
Cyprus has suggested automatic renewals of tonnage tax systems as one of a series of measures to ha...
Ample supply likely to weigh on Asian HSFO market
Categories: News Flash
Date: Jan 17, 2023
The Asian high sulfur fuel oil market is likely to be bogged down for most part of 2023 by ample Ru...
Baltic index near multi-year low; capesize and panamax rates edge up
Categories: News Flash
Date: Jan 17, 2023
The Baltic Exchange’s main sea freight index was unchanged on Monday, languishing near the multi-...
Asian Markets Are Dominating Russian Crude Trades
Categories: News Flash
Date: Jan 17, 2023
The tanker market is expected to continue being influenced by the structural shift of seaborne oil ...
Pacific Basin Shipping Purchases Six Second-hand Vessels as Part of On-going Fleet Renewal and Growth Strategy
Categories: News Flash
Date: Jan 16, 2023
Pacific Basin Shipping Limited (“Pacific Basin” or the “Company”, 2343.HK), one of the worl...
Singapore 2022 bunker fuel sales dip 4.3% y/y to 47.9 mln tonnes
Categories: News Flash
Date: Jan 16, 2023
Sales of marine fuel in Singapore, including sales of liquefied natural gas and biofuels, fell 4.3%...
Asia-US container rates stable this week as ocean freight begins to normalize
Categories: News Flash
Date: Jan 16, 2023
Rates for shipping containers from east Asia and China to the US were largely stable this week, an ...
Dry Bulk Market: Capesizes Endure Significant Losses
Categories: News Flash
Date: Jan 16, 2023
Capesize The Capesize market had a positive opening on Monday followed by consecutive declines o...
Russian oil shipped to Asia in Chinese supertankers amid ship shortage
Categories: News Flash
Date: Jan 16, 2023
At least four Chinese-owned supertankers are shipping Russian Urals crude to China, according to tr...
Revised IMO GHG Reduction Strategy Could Be Coming Sooner, Rather Than Later
Categories: News Flash
Date: Jan 16, 2023
Regulatory pressure on shipping to further move towards emissions reduction, is only going to get h...
India’s trade deficit with China breaches $100 billion first time
Categories: News Flash
Date: Jan 16, 2023
India’s trade deficit with China breaching $100 billion for the first time in2022 according to th...
Ctg port to start handling 10m-draught vessels tomorrow
Categories: News Flash
Date: Jan 16, 2023
The Chattogram port is now equipped to handle large container vessels, featuring 10-metre-drought a...
Tankers: VLCCs Continue Trending Downwards
Categories: News Flash
Date: Jan 16, 2023
Clean The CPP tanker market remained mostly under pressure this week and this was reflected in t...