News Flash
WAF-East VLCC market falls to 13-month low on weak demand, ample tonnage
Categories: News Flash
Date: Dec 10, 2024
Freight rates for Very Large Crude Carrier voyages loading in West Africa ended the week to Dec. 6 a...
Baltic index steady as firmer panamax rates offset dip in capesize, supramax
Categories: News Flash
Date: Dec 10, 2024
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk c...
India: Cargo traffic at major ports drops 4.95% to 67.53 mn tonnes in November
Categories: News Flash
Date: Dec 09, 2024
Cargo traffic at the country’s major ports declined 4.95 percent to 67.53 million tonnes in Novemb...
MPA and MISC Forge Partnership to Drive Innovation and Advance Digital Maritime Solutions
Categories: News Flash
Date: Dec 09, 2024
The Maritime and Port Authority of Singapore (MPA) and MISC have signed a memorandum of understandin...
Russia raises wheat export duty by nearly a third
Categories: News Flash
Date: Dec 09, 2024
Russia, the world’s largest wheat exporter, will raise its wheat export duty by almost 32%, the go...
Chinese LNG companies looking to sell Jan-Feb 2025 cargoes amid weak demand
Categories: News Flash
Date: Dec 09, 2024
Some Chinese state-owned and second-tier oil and gas companies have been looking to sell LNG cargoes...
S. Korean shipbuilders to benefit as steam turbine LNG carrier phase-out speeds up
Categories: News Flash
Date: Dec 09, 2024
The retirement of aging steam turbine liquefied natural gas (LNG) carriers is accelerating as LNG fr...
Zhoushan December LSFO storage availability declines for second straight month
Categories: News Flash
Date: Dec 09, 2024
Low sulfur fuel oil storage available for lease at Zhoushan, China’s largest bunkering hub, stood ...
Trump’s tariff war confirms geopolitics are replacing economics as the key driver for decisions
Categories: News Flash
Date: Dec 09, 2024
Nobody can complain that President-elect Donald Trump isn’t following through on his core election...
4 great reasons why bio-LNG is the bridge fuel of the future for vessels
Categories: News Flash
Date: Dec 09, 2024
As environmental regulations tighten, vessel owners and operators face growing uncertainty about fue...
Tankers: VLCC Market on a Downward Path
Categories: News Flash
Date: Dec 09, 2024
Clean LR2 Following last week’s improvements, LR’s in the MEG stalled and lost steam this we...
Asia-US container rates fall, but average global rates rise as possible port strike nears
Categories: News Flash
Date: Dec 09, 2024
Rates for shipping containers from east Asia and China to the US were flat to softer this ...
Asia Distillates-Thin spot activity prevails; January negotiations awaited
Categories: News Flash
Date: Dec 07, 2024
Asia’s middle distillates markets remained thinly discussed on the spot front as January negotiati...
Iron ore set for weekly loss as Chinese steelmakers’ holiday restocking ebbs
Categories: News Flash
Date: Dec 07, 2024
Iron ore futures prices slid and headedfor a weekly loss on Friday, as the wave of restocking for se...
US diesel exports to ARA set to rise on scarce European supply, firm US production
Categories: News Flash
Date: Dec 07, 2024
Diesel shipments from the U.S. Gulf Coast to Europe’s main trading and refining hub, the Amsterdam...
Scope of hydrogen and CO2 for the Delta Rhine Corridor underlines the urgency of making the industry sustainable
Categories: News Flash
Date: Dec 07, 2024
Yesterday, the government minister informed the Cabinet that the decision has been taken to prioriti...
SHIPPING: Port automation a key sticking point in union, USEC ports negotiations ahead of 15 Jan deadline
Categories: News Flash
Date: Dec 07, 2024
The 15 January deadline for finalizing a new labor agreement between unionized dock workers at US Gu...
Wallenius Marine tests groundbreaking ship design for the world’s first wind-powered PCTC vessel
Categories: News Flash
Date: Dec 07, 2024
Wallenius Marine is conducting advanced wind tunnel tests aimed at realising the world’s first win...
Asia Fuel Oil-HSFO extends slide; hi-five recovers week-on-week
Categories: News Flash
Date: Dec 07, 2024
Spot premiums for high sulphur fuel oil (HSFO) extended further declines on Friday, while the hi-fiv...
USGC crude exports ending the year on a high
Categories: News Flash
Date: Dec 07, 2024
US Gulf Coast crude exports have increased for three consecutive months now with flows directed towa...
India-West Africa container freight rates rise amid strong flow of rice volumes
Categories: News Flash
Date: Dec 07, 2024
Container freight rates from the Indian subcontinent to West Africa have risen amid the movement of ...
Baltic index snaps 7-session losing streak as larger vessel rates rise
Categories: News Flash
Date: Dec 07, 2024
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk c...
MOL Switch to Invest in Heirloom, a U.S. DAC Technology Developer- Contributing to Spread and Expansion of Negative Emissions
Categories: News Flash
Date: Dec 06, 2024
Mitsui O.S.K. Lines, Ltd. yesterday announced that its wholly owned subsidiary MOL Switch LLC (Repre...
Asia Fuel Oil-VLSFO trades in discount for spot December parcel
Categories: News Flash
Date: Dec 06, 2024
Asia’s spot market for very low sulphur fuel oil (VLSFO) traded in discounts on Thursday for Decem...
Panama Takes The Lead In Global Discussions On The Fair Treatment Of Seafarers
Categories: News Flash
Date: Dec 06, 2024
Reaffirming its dedication to upholding the labor and human rights of seafarers, Panama assumed the ...
Stephenson Harwood advises Attica Bank on its first shipping sustainability linked financing for Stem Shipping
Categories: News Flash
Date: Dec 06, 2024
Law firm Stephenson Harwood LLP has advised Attica Bank S.A. on its first shipping sustainability li...
Mediterranean and Black Sea countries align on shared vision for sustainable aquaculture in the Mediterranean and the Black Sea
Categories: News Flash
Date: Dec 06, 2024
Representatives from over 30 countries gathered in Heraklion, Greece, for the largest regional aquac...
MABUX: Bunker Prices to Remain Volatile Next Week
Categories: News Flash
Date: Dec 06, 2024
Over Week 49, the MABUX global bunker indices exhibited no clear trend, showing sideways changes. Th...
Ship broker Clarkson looks to acquire Norway’s Platou for 281 million pounds
Categories: News Flash
Date: Dec 06, 2024
Top ship broker Clarkson is seeking to acquire Norwegian brokerage and investment bank RS Platou for...
Dynamis Capital Strikes Deal with Oaktree Capital For Ship Financing Portfolio
Categories: News Flash
Date: Dec 06, 2024
Dynamis Capital PTE Ltd. has recently completed the acquisition of several ship financing transactio...
The LNG pathway is only ‘two minutes into the hour’ of our journey to net zero, says SEA-LNG
Categories: News Flash
Date: Dec 06, 2024
Industry coalition SEA-LNG notes that while the approximately 2,200 LNG-fuelled vessels and LNG carr...
Baltic index extends losses on weaker capesize rates
Categories: News Flash
Date: Dec 06, 2024
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk c...