News Flash
Russia to cut oil exports by 500,000 bpd in August, oil rises
Categories: News Flash
Date: Jul 04, 2023
Russia will cut oil exports by 500,000 barrels per day (bpd) in August, President Vladimir Putin’...
Iron ore slumps as China production cuts spark fears of demand drop
Categories: News Flash
Date: Jul 04, 2023
Dalian and Singapore iron ore futures slipped on Monday as traders became cautious of faltering dem...
South Korea’s NOFI buys corn in tender for up to 138,000 metric tons
Categories: News Flash
Date: Jul 04, 2023
Leading South Korean animal feed maker Nonghyup Feed Inc. (NOFI) has bought animal feed corn from o...
Johor Port Partners With Mohr To Elevate Tvet
Categories: News Flash
Date: Jul 04, 2023
Johor Port Berhad (Johor Port), a member of MMC Group, recently signed a three-year Memoranda of Co...
Singapore’s MPA sees first ammonia bunkering from 2026, methanol pilot to pave way
Categories: News Flash
Date: Jul 04, 2023
The Maritime and Port Authority of Singapore expects ammonia bunkering to take place in its waters ...
Waning vessel demand drags Baltic index lower
Categories: News Flash
Date: Jul 04, 2023
The Baltic Exchange’s main sea freight index recorded its lowest level in two weeks on Monday as ...
Handling of cargo samples
Categories: News Flash
Date: Jul 03, 2023
Cargo samples hold significant importance in protecting tanker ship owners against potential cargo ...
Maersk hosts Equal At Sea 2023: Charting a course towards an inclusive future
Categories: News Flash
Date: Jul 03, 2023
A.P. Moller – Maersk (Maersk), a global integrator of logistics, held the second edition of Equal...
S. Korea: Union protests hasty hiring of unskilled foreign shipbuilding workers
Categories: News Flash
Date: Jul 03, 2023
Labor unions of Korea’s shipbuilders criticized the government and their employers, for trying to...
Cargo Demands Hold Steady at Port Houston
Categories: News Flash
Date: Jul 03, 2023
The Port Commission of the Port of Houston Authority held its regular meeting on Tuesday, June 27. ...
US crude oil output fell in April as demand slowed -EIA
Categories: News Flash
Date: Jul 03, 2023
U.S. field production of crude oil fell in April to 12.615 million barrels per day (bpd), its lowes...
GMS Week 26 – SUMMER LULL(ING)!
Categories: News Flash
Date: Jul 03, 2023
Ongoing Eid holidays and a serious lack of tonnage have meant a much quieter week in the ship-recyc...
IMO makes little headway on the building blocks towards an equitable and climate aligned GHG strategy
Categories: News Flash
Date: Jul 03, 2023
The fifteenth Intersessional Working Group on Greenhouse Gases (ISWG GHG 15) that concluded today, ...
Tankers: A Quiet Week For VLCCs
Categories: News Flash
Date: Jul 03, 2023
LR2 MEG LR2’s have fluctuated up and down this week as the region has had to deal with the Eid...
Dry Bulk Market: Capesize Market in Mixed Mode
Categories: News Flash
Date: Jul 03, 2023
Capesize Throughout the week, the Capesize market experienced mixed dynamics. Monday began with ...
Slow tanker fleet growth, robust crude trade signal strong H2 2023 freight outlook
Categories: News Flash
Date: Jul 03, 2023
Surging Chinese oil demand, a lingering war in Ukraine, record-low order book and robust crude trad...
Schedule Reliability Reaches Three-Year High with Blank Sailings Down
Categories: News Flash
Date: Jul 01, 2023
Schedule reliability for the global container shipping industry continues its rebound from the dept...
India Gives Vietnam a Warship in Response to China’s Regional Actions
Categories: News Flash
Date: Jul 01, 2023
Ten days after India announced its intention to give Vietnam a warship, the 32-year-old missile cor...
Level playing field between EU ports and within the maritime logistics chain must remain a priority
Categories: News Flash
Date: Jul 01, 2023
The importance of harmonized implementation of “Fit for 55” proposals and more particularly AFI...
Dutch and Belgian shipowners call for clear signal from IMO: decide now on the route to zero
Categories: News Flash
Date: Jul 01, 2023
Next week, the 80th meeting of the IMO’s Marine Environment Protection Committee (which focuses s...
Ports have a vital role to play in the fight against greenhouse gas emissions
Categories: News Flash
Date: Jul 01, 2023
The shipping industry is undergoing a transformative shift towards sustainability and the Internati...
US dollar share of global reserves edges up in first quarter, euro’s share dips, IMF says
Categories: News Flash
Date: Jul 01, 2023
The U.S. dollar’s share of currency reserves reported to the International Monetary Fund rose in ...
Asia Fuel Oil-Cash differentials steady; inventories rise across key hubs
Categories: News Flash
Date: Jul 01, 2023
Cash differentials for fuel oil held steady in Asia amid thin trade on Friday, while onshore invent...
Russia’s top diplomat Lavrov sees no reason to extend grain deal
Categories: News Flash
Date: Jul 01, 2023
Russia saidon Friday it saw no reason to extend the Black Sea grain deal beyond July 17 because the...
Retreat across vessels drags Baltic dry index to worst week in four
Categories: News Flash
Date: Jul 01, 2023
The Baltic exchange’s main sea freight index .BADI recorded its worst week in four on Friday drag...
Global container freight stuck in doldrums
Categories: News Flash
Date: Jul 01, 2023
Global trade remained in the doldrums during the second quarter as China’s post-lockdown rebound ...
Japan’s Classification Society ClassNK for Ammonia and LCO2 Carrier
Categories: News Flash
Date: Jun 30, 2023
Mitsubishi Shipbuilding Co., Ltd., a part of the Mitsubishi Heavy Industries (MHI) Group, and Nippo...
Pace CCS and deepC Store submit CO2 shipping supply specification to the Australian Government
Categories: News Flash
Date: Jun 30, 2023
deepC Store (“dCS”) has submitted the CO₂ supply specification for CStore1, dCS’s floating ...
SEA-LNG coalition calls on IMO to regulate all GHG emissions on a full lifecycle basis
Categories: News Flash
Date: Jun 30, 2023
Clear and consistent regulation is key to driving maritime decarbonisation. With this in mind, and ...
Navigating the Seas of Change: A Global Energy Conference Drives Insight and Empowers Industry Professionals
Categories: News Flash
Date: Jun 30, 2023
GRM (Global Risk Management) and Baseblue are thrilled to announce the successful conclusion of the...
Baltic index extends retreat as vessel demand slips
Categories: News Flash
Date: Jun 30, 2023
The Baltic Exchange’s main sea freight index extended decline for a fourth straight session on Th...
EPA Settles with Shipping Companies over Claims of Clean Water Act Violations
Categories: News Flash
Date: Jun 30, 2023
The U.S. Environmental Protection Agency (EPA) has settled with two shipping companies over claims ...