News Flash
Saudi crude to China to fall in March after prices hit over one-year high, sources say
Categories: News Flash
Date: Feb 15, 2025
Saudi Arabia’s crude oil supply to China is set to slide in March from the prior month, trade sour...
HSFO cracks slip back into discounts as rally retreats
Categories: News Flash
Date: Feb 15, 2025
Refining cracks for 380-cst high sulphur fuel oil (HSFO) have fallen back into discounts by the end ...
Asia moves quickly to replace sanctioned Russian crude oil
Categories: News Flash
Date: Feb 15, 2025
Asia’s crude oil markets are adjusting rapidly to new sanctions against top supplier Russia, sucki...
US targets Iranian oil transshipment to further disrupt cargo flows to China
Categories: News Flash
Date: Feb 15, 2025
The US has started to target tankers responsible for transshipments of Iranian oil with sanctions, w...
ICS: Support for a Levy-Based GHG Pricing Mechanism Grows Ahead of the UN IMO Intersessional Working Group
Categories: News Flash
Date: Feb 15, 2025
Ahead of next week’s critical International Maritime Organization (IMO) GHG working group meeting ...
Marine fuel sales at top bunker hub Singapore log soft start to 2025
Categories: News Flash
Date: Feb 15, 2025
Sales of marine fuel at Singapore, the world’s largest bunker hub, logged weaker volumes in the fi...
Baltic index gains as rates rise across all vessel segments
Categories: News Flash
Date: Feb 15, 2025
The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transp...
Sale of LNGC Golar Arctic Marks Golar’s Exit From LNG Shipping Segment
Categories: News Flash
Date: Feb 14, 2025
Golar LNG Limited (“Golar”) announces today that it has executed agreements to sell the 2003 bui...
HD Korea Shipbuilding Unveils Nuclear-powered Container Ship Design at Houston Summit
Categories: News Flash
Date: Feb 14, 2025
HD Korea Shipbuilding & Offshore Engineering has unveiled a design model for a 15,000 TEU nuclea...
India says Russian oil suppliers must provide sanctions-compliant cargoes
Categories: News Flash
Date: Feb 14, 2025
India, the No. 2 importer of crude from Russia, wants to buy Russian oil only if it is supplied by c...
Ardmore Shipping Corporation Expects Solid Product Tanker Demand
Categories: News Flash
Date: Feb 14, 2025
Ardmore Shipping Corporation announced results for the three and twelve months ended December 31, 20...
HSFO cracks retreat at near parity versus crude
Categories: News Flash
Date: Feb 14, 2025
Cracks for 380-cst high sulphur fuel oil (HSFO) showed further signs of easing on Thursday, trading ...
Landmark MOU signed to simplify the future of digital seafarer certification
Categories: News Flash
Date: Feb 14, 2025
Yesterday, the International Chamber of Shipping (ICS), Lloyd’s Register OneOcean (LROO) and the M...
Panama Strengthens The Quality Of Its Merchant Fleet
Categories: News Flash
Date: Feb 14, 2025
According to the latest evaluations, Panama has achieved a 96.5% compliance rate with international ...
US sanctions strand Iran, Russia oil on tankers, driving up crude costs
Categories: News Flash
Date: Feb 14, 2025
The amount of Russian and Iranian oil held on ships has hit multi-month highs as harsher U.S. sancti...
UN talks on a global carbon price on shipping enter final stage
Categories: News Flash
Date: Feb 14, 2025
Governments are expected to close in on key shipping climate laws–including a global carbon price...
Baltic index snaps 3-day losing streak as supramax rates climb
Categories: News Flash
Date: Feb 14, 2025
The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transp...
MPC Capital expands maritime services business with energy efficiency and performance management solutions
Categories: News Flash
Date: Feb 13, 2025
The investment and asset manager MPC Capital has acquired a 50% stake in the performance management ...
Launch of ‘BLUE ACTION NET-ZERO ALLIANCE,’ Group-wide Carbon Inset Program for Ocean Transport- Accelerating Process toward Net Zero through Co-Creation with Stakeholders
Categories: News Flash
Date: Feb 13, 2025
Aiming to achieve net zero emissions, Mitsui O.S.K. Lines, Ltd. yesterday announced the launch of a ...
Russia’s January seaborne oil product exports down 3.3% y/y, Reuters calculations show
Categories: News Flash
Date: Feb 13, 2025
Russia’s seaborne oil product exports in January 2025 fell 3.3% on a yearly basis to 10.431 millio...
Asian buyers look to step up US LNG imports to fend off Trump tariffs
Categories: News Flash
Date: Feb 13, 2025
At least six Asian economies have expressed interest in buying liquefied natural gas (LNG) to narrow...
Diana Shipping Inc. Announces the Sale of a Post-Panamax Dry Bulk Vessel, the m/v Alcmene, and the Direct Continuation of Time Charter Contract for m/v San Francisco With SwissMarine
Categories: News Flash
Date: Feb 13, 2025
Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in...
Fuel Oil Cracks retreat while spot trade remains thin
Categories: News Flash
Date: Feb 13, 2025
Fuel oil cracks pared strength on Wednesday after a recent rally, while spot trade remained largely ...
Silicone-based hull coatings to deliver significant emissions reduction
Categories: News Flash
Date: Feb 13, 2025
New MERC publication highlights the growing importance of advanced hull coating systems to help redu...
US sanctions strand Iran, Russia oil on tankers, driving up crude costs
Categories: News Flash
Date: Feb 13, 2025
The amount of Russian and Iranian oil held on ships has hit multi-month highs as harsher U.S. sancti...
Carbon cost doubles for intra-EU bunker use with tighter regulation, bullish EUA
Categories: News Flash
Date: Feb 13, 2025
Also, EU Allowance contracts rose to Eur78/mtCO2e ($81/mtCO2e) on average in January from Eur68/mt i...
Baltic index declines for third day as capesize plunges to 2-year low
Categories: News Flash
Date: Feb 13, 2025
The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transp...
Russian energy official says US sanctions should not hinder oil trade with India
Categories: News Flash
Date: Feb 12, 2025
U.S. sanctions on Russia should not affect Moscow’s oil trade with India, Pavel Sorokin, Russia’...
India may raise US, Middle East crude purchases if sanctions affect Russian flows – FIPI chief
Categories: News Flash
Date: Feb 12, 2025
India’s crude supplies from Russia could face some challenges due to higher shipping costs from a ...
The Swedish Club launches Passage Plan+ guide to enhance safe navigation
Categories: News Flash
Date: Feb 12, 2025
Marine insurance specialist, The Swedish Club, today announced the launch of its Passage Plan+ Guide...
Trump escalates Panama Canal tensions, raises concerns for South Korean shipping industry
Categories: News Flash
Date: Feb 12, 2025
U.S. President Donald Trump is escalating tensions over the Panama Canal, causing anxiety among ship...
China’s Crude Oil Imports Decreased From A Record As Refinery Activity Slowed
Categories: News Flash
Date: Feb 12, 2025
Slower oil demand growth in 2024 led to less crude oil processed by China’s refineries and fewer c...