News Flash
India’s crude intake changes towards Middle East barrels while refined product exports pivot to East of Suez
Categories: News Flash
Date: Jan 27, 2025
India’s crude imports and subsequent refined product exports remained strong as 2024 ended and tha...
WinGD records successful early running on X-DF-A ammonia-fuelled engine
Categories: News Flash
Date: Jan 25, 2025
Swiss marine power company WinGD has seen key parameters in line with expectations during early test...
Major Chinese port hit by congestion ahead of holiday, Trump tariff threat
Categories: News Flash
Date: Jan 25, 2025
Exporters this week jostled to load and ship cargo from Shenzhen’s Yantian Port, one of the world...
DNV, HD Hyundai Mipo and KSOE sign MoU on new standards for using digital twins to test electric propulsion systems
Categories: News Flash
Date: Jan 25, 2025
DNV has signed a Memorandum of Understanding (MoU) with HD Hyundai Mipo (HMD) and HD Korea Shipbuild...
VLSFO softens; market eyes tepid bunker demand
Categories: News Flash
Date: Jan 25, 2025
Asia’s very low sulphur fuel oil (VLSFO) market weakened on Friday, while trade sources eyed lukew...
Drewry: World Container Index Down 11% Last Week
Categories: News Flash
Date: Jan 25, 2025
Drewry’s World Container Index decreased 11% to $3,445 per 40ft container this week. Our detail...
India says sanctioned Russian oil tankers can discharge before Feb 27
Categories: News Flash
Date: Jan 25, 2025
The United States has clarified to India that tankers loaded with Russian oil have to discharge by F...
Major oil tanker operators await insurers’ nod to resume Red Sea transit
Categories: News Flash
Date: Jan 25, 2025
Sources from at least two major oil tanker companies said Jan. 24 that their fleets have yet to resu...
Russian oil freight rates soar on sanctions-driven tanker shortage
Categories: News Flash
Date: Jan 25, 2025
Freight rates for Russian ESPO Blend oil loading from the Far Eastern port of Kozmino have jumped fi...
Tighter supply drives Asia’s HSFO cracks to 17-month high; strong bunker demand boosts market
Categories: News Flash
Date: Jan 25, 2025
Asia’s high sulfur fuel oil refining margins have surged to a 17-month high, driven by limited pro...
Baltic index logs third weekly loss on weaker rates across vessel segments
Categories: News Flash
Date: Jan 25, 2025
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk c...
Danelec and Thetius Prepare to Launch Groundbreaking Report on the Application of High-Frequency Data for Safer, Greener Shipping
Categories: News Flash
Date: Jan 24, 2025
Danelec, a leader in maritime digitalization and performance optimization, has collaborated with mar...
HD Korea Shipbuilding To Build 12 LNG Dual-Fuel Container Ships
Categories: News Flash
Date: Jan 24, 2025
HD Korea Shipbuilding & Offshore Engineering, the intermediate holding company of HD Hyundai spe...
Soft skills training can lead to solid commercial benefits says The Nautical Institute
Categories: News Flash
Date: Jan 24, 2025
The maritime industry is experiencing a pivotal shift, with the rising recognition that soft skills ...
Asia Fuel Oil: Premiums rangebound; inventories at four-week high
Categories: News Flash
Date: Jan 24, 2025
Spot fuel oil premiums were little changed on Thursday, while onshore inventories at Singapore edged...
World Shipping Council: EU must take customs reform opportunity
Categories: News Flash
Date: Jan 24, 2025
Ahead of World Customs Day 2025, the shipping, logistics, and trade industry has issued a joint stat...
European Shipowners and the European Transport Workers Federation (ETF) launch European Maritime Skills Forum
Categories: News Flash
Date: Jan 24, 2025
This initiative aims to identify skills gap emerging from the digital and green transition and discu...
MABUX: Bunker Prices To Continue Trending Lower Next Week
Categories: News Flash
Date: Jan 24, 2025
Over the 04th week, the MABUX global bunker indices continued a moderate upward movement. The 380 HS...
Focus on practicality drives LNG pathway growth in 2024
Categories: News Flash
Date: Jan 24, 2025
Industry coalition SEA-LNG has published its annual ‘View from the Bridge’ report, highlighting ...
The cost of the Suez Canal blockage
Categories: News Flash
Date: Jan 24, 2025
The 2021 Suez Canal blockage resulted in a loss of nearly $89 million for the shipping company Maers...
Normal shipping via Suez Canal may resume as Singapore-bound oil tanker makes transit
Categories: News Flash
Date: Jan 24, 2025
In one of the first instances of an oil tanker transporting Southeast Asia-bound crude through the S...
Energy demand, prices surge as massive winter storm freezes most of US
Categories: News Flash
Date: Jan 23, 2025
A massive winter storm stretched from Canada to Florida and South Texas Jan. 21, boosting power dema...
Citi raises average 2025 oil price forecasts, citing geopolitical risks
Categories: News Flash
Date: Jan 23, 2025
Citi on Wednesday raised its oil price outlook for 2025 due to geopolitical risks centred on Russia ...
Dalian iron ore snaps nine-day winning streak as US tariff uncertainty weighs
Categories: News Flash
Date: Jan 23, 2025
Iron ore futures declined on Wednesday, weighed down by concerns that U.S. President Donald Trump co...
Kalmar strengthens partnership with Westport AS with delivery of four electric reachstackers to support zero-emissions goals
Categories: News Flash
Date: Jan 23, 2025
Kalmar has delivered four Kalmar electric reachstackers to Norwegian port operator Westport AS, as p...
Havila Shipping ASA: Allegation from certain banks of default of the restructuring agreement – disputed by the company
Categories: News Flash
Date: Jan 23, 2025
Reference is made to the stock exchange announcement 1 October 2024, informing that three bank lende...
Oman’s Asyad Group plans to sell at least 20% of shipping unit via IPO
Categories: News Flash
Date: Jan 23, 2025
HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has received ABS approval in principle (A...
Saudi Arabian crude exports in November leap to eight-month peak
Categories: News Flash
Date: Jan 23, 2025
Saudi Arabia’s crude oil exports in November jumped to their highest level in eight months, data f...
Middlemen have halted Russian oil cargo offers after US sanctions, Indian refiner says
Categories: News Flash
Date: Jan 23, 2025
Middlemen supplying Russian oil are not offering cargoes due to new U.S. sanctions targeting Russian...
ITS Logistics January Port Rail Ramp Index: President Trump’s Confirmed 25% Increase in Tariffs Could Create Another 2018 Front-Loading Surge
Categories: News Flash
Date: Jan 23, 2025
ITS Logistics today released the January forecast for the ITS Logistics US Port/Rail Ramp Freight In...
Asia Fuel Oil: Spot premiums cool further, though bidding flurry holds
Categories: News Flash
Date: Jan 23, 2025
Spot fuel oil premiums continued to ease on Wednesday, though a flurry of bids remained in the spot ...
China’s crude oil imports from top supplier Russia reach new high in 2024
Categories: News Flash
Date: Jan 22, 2025
China’s crude oil imports from top supplier Russia were up 1% in 2024 to a record high versus 2023...