News Flash
FUJAIRAH DATA: Oil products stockpiles head for 2024 gain
Categories: News Flash
Date: Dec 28, 2024
Refined oil products inventories at the UAE’s Port of Fujairah rose 4.7% in the week ended Dec. 23...
Russia’s first ice-class LNG carrier enters sea trials, data shows
Categories: News Flash
Date: Dec 28, 2024
The first Russian-built ice-class liquefied natural gas (LNG) carrier has entered sea trials, LSEG d...
Transpetro concludes commercial negotiation phase with Ecovix/ McLaren consortium for acquisition of Handy ships
Categories: News Flash
Date: Dec 27, 2024
Transpetro finalized the commercial negotiation phase with a consortium constituted by the Ecovix, i...
Shipbuilding orders surge to 15-year high
Categories: News Flash
Date: Dec 27, 2024
Owners plowed more than $188 billion into newbuilds in the first 11 months of the year, on course fo...
Saudi non-oil exports jump 12.7% to $6.76bn in October
Categories: News Flash
Date: Dec 27, 2024
According to the General Authority for Statistics, chemical products led the non-oil export categori...
Construction begins on Estonia's first biomethane-powered multipurpose workboat
Categories: News Flash
Date: Dec 27, 2024
Estonia’s first biomethane-powered multipurpose workboat was officially laid down in a ceremonial ...
Saipem and AVEVA sign a MoU to develop AI solutions for engineering in the energy and infrastructure sector
Categories: News Flash
Date: Dec 27, 2024
Saipem, a global leader in engineering services for the energy and infrastructure sectors, and AVEVA...
COSCO and China Merchants increase investments in China LNG Transportation
Categories: News Flash
Date: Dec 27, 2024
COSCO SHIPPING Energy and China Merchants Energy Transportation are increasing their investments in ...
Samsung Heavy wins $508 mln ethane carrier order
Categories: News Flash
Date: Dec 27, 2024
Samsung Heavy Industries secured a 724 billion won ($508 million) deal to build two very large ethan...
Hanxin Shipping signs a liner company cooperation agreement with Luojing Branch of SIPG Group
Categories: News Flash
Date: Dec 27, 2024
Hanxin Shipping Co., Ltd. and Shanghai International Port (Group) Co., Ltd. Luojing Branch signed a ...
China resumes port quarantine of Australian lobsters
Categories: News Flash
Date: Dec 27, 2024
China has resumed routine port inspection and quarantine of lobsters from Australia, Xinhua reports ...
Egypt ranks 23rd on maritime connectivity index for 2024
Categories: News Flash
Date: Dec 27, 2024
The Information and Decision Support Center of Egypt’s Cabinet has released a report titled "Marit...
Improved efficiency is enabling record U.S. crude oil production from fewer rigs
Categories: News Flash
Date: Dec 26, 2024
Crude oil production in the U.S. Lower 48 (L48) states, which excludes Alaska and offshore productio...
Rising US fuel demand will support both refiners and renewable producers
Categories: News Flash
Date: Dec 26, 2024
The US move to decarbonize the transportation fuels markets has made allies of two groups historical...
Russia calls gas sales to Europe ‘complicated’ as deal with Ukraine nears end
Categories: News Flash
Date: Dec 26, 2024
Russia said on Monday the situation with European countries that buy its gas through a transit deal ...
Diana Shipping Inc. Announces Direct Continuation of Time Charter Contract for m/v Amphitrite
Categories: News Flash
Date: Dec 26, 2024
Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in...
AST Reygar to Launch New User-Friendly Dashboard for Award-Winning BareFLEET Vessel Monitoring System
Categories: News Flash
Date: Dec 26, 2024
AST Reygar, a leading maritime solutions provider and part of AST Networks, is excited to announce t...
FuelEU Maritime implementation delayed for Norway and Iceland
Categories: News Flash
Date: Dec 26, 2024
What impact does this have? FuelEU will not apply to Norway and Iceland, the two maritime States ...
U.S. Ships Act Promises Major Boost for Merchant Shipping and Korean Shipbuilders
Categories: News Flash
Date: Dec 26, 2024
On Dec. 19, the U.S. Congress introduced the SHIPS for America Act, which aims to significantly bols...
Indian state refiners may buy Mideast spot oil to replace Russian shortfall
Categories: News Flash
Date: Dec 26, 2024
Indian state refiners are considering tapping the Middle East crude market as spot supply from their...
PSC focus on NOx technical files and machinery components
Categories: News Flash
Date: Dec 26, 2024
GHG regulations and focus for PSC According to DNV, different PSC areas are currently scrutinizing ...
Healthy bunker demand, tighter non-sanctioned supply to boost Asian HSFO market
Categories: News Flash
Date: Dec 26, 2024
The Asian high sulfur fuel oil market will likely find some tailwinds in 2025, as a continued rise i...
Iron ore rises on expectations of Chinese pre-holiday restocking
Categories: News Flash
Date: Dec 24, 2024
Iron ore futures rose on Monday, aided by expectations of restocking by steelmakers in top consumer ...
Shanghai Port sees annual container throughput exceed 50 million TEUs
Categories: News Flash
Date: Dec 24, 2024
Shanghai Port became the first in the world to see the annual container throughput exceed 50 million...
China launches hydrogen-powered container ship, capable of sailing 380 kilometers
Categories: News Flash
Date: Dec 24, 2024
China has launched its first hydrogen-powered container ship, capable of carrying 64 standard contai...
S. Korean shipbuilders to retain edge in high-value vessels despite order slump
Categories: News Flash
Date: Dec 24, 2024
South Korea’s share of global new ship orders is expected to fall below 20% this year, the lowest ...
Somali piracy 2.0 – the BBC meets the new robbers of the high seas
Categories: News Flash
Date: Dec 24, 2024
Two Somali fishermen wearing big scarves over their heads to hide their faces glance around furtivel...
Australia raises 2024-25 met coal export forecast by 1.2% on favorable weather
Categories: News Flash
Date: Dec 24, 2024
Australia has raised its projected metallurgical coal exports for the fiscal year 2024-25 (July-June...
Spot premiums inch up but margins rangebound
Categories: News Flash
Date: Dec 24, 2024
Spot premiums for fuel oil inched higher in Asia on Monday, supported by stronger bids, though refin...
PSC focus on NOx technical files and machinery components
Categories: News Flash
Date: Dec 24, 2024
International requirements on greenhouse gas (GHG) emissions are currently high in focus of Port Sta...
Middle East share of India’s Nov oil imports at 9-mth high; Russia down
Categories: News Flash
Date: Dec 24, 2024
India’s November crude imports showed Middle Eastern oil at a 9-month high while Russia accounted ...
Trump says US could retake Panama Canal as he rails against ‘rip-off’ shipping fees
Categories: News Flash
Date: Dec 24, 2024
US President-elect Donald Trump has suggested that his new administration could try to regain contro...