News Flash
Top bunker hub Singapore marine fuel sales hit a record high in 2023
Categories: News Flash
Date: Jan 15, 2024
Marine fuel sales at world’s leading bunkering hub in Singapore hit a record high last year, offi...
What an ‘India Club’ means for the country’s shipping industry
Categories: News Flash
Date: Jan 15, 2024
India plans to set up its own protection and indemnity (P&l) entity—the India Club—for prov...
Maersk to use rail to bypass Panama Canal amid drought
Categories: News Flash
Date: Jan 12, 2024
A.P. Moller-Maersk will use trains to avoid the drought-hit Panama Canal for some of its vessels, t...
Global shipping rates set to jump as carriers avoid the Red Sea amid Houthi attacks
Categories: News Flash
Date: Jan 12, 2024
The global supply chain is feeling the fallout from Iran-backed Houthi rebels attacking vessels in ...
Commander of AFU Navy: Talks underway, incl. on attracting NATO ships to ensure safety of civilian shipping to Ukrainian ports
Categories: News Flash
Date: Jan 12, 2024
Negotiations are underway, including on attracting NATO ships to ensure the safety of civilian ship...
Baltic index falls for fourth straight day on weaker rates
Categories: News Flash
Date: Jan 12, 2024
The Baltic Exchange’s dry bulk sea freight index slumped on Thursday for the fourth straight sess...
IMF says the global economy to stay ‘resilient’ in 2024 but grow too slowly.
Categories: News Flash
Date: Jan 12, 2024
Global economic growth will remain “resilient” this year after a stronger-than-expected 2023, t...
Iron ore rebounds on renewed hopes of China stimulus
Categories: News Flash
Date: Jan 12, 2024
Iron ore futures prices recouped losses on Thursday, after falling for five straight sessions, help...
MABUX: Global bunker Prices Expected to Stabilize Next Week
Categories: News Flash
Date: Jan 12, 2024
The Global bunker market continued its recovery in 2023 with a moderate correction downwards follow...
Maersk Tankers and Penfield Marine to create a tanker company with a unique reach
Categories: News Flash
Date: Jan 12, 2024
Maersk Tankers has acquired Penfield Marine to create a large-scale crude and product tanker compan...
Asia Fuel Oil-Market retains downside risk; onshore stocks extend gains
Categories: News Flash
Date: Jan 12, 2024
The fuel oil market in Asia remained at the risk of downside as of Thursday, while onshore stockpil...
Chinese refiners ask for less Saudi crude oil for Feb
Categories: News Flash
Date: Jan 12, 2024
Chinese refiners asked for less Saudi crude oil for February, people with knowledge of the matter s...
Tighter fleet capacity, geopolitical issues, longer voyages to boost 2024 tanker freight
Categories: News Flash
Date: Jan 10, 2024
Tightening fleet capacity, lingering geopolitical conflicts and robust US crude exports are expecte...
Proven MAN EGR Incentivises Continuous ME-GA Engine Orders
Categories: News Flash
Date: Jan 10, 2024
Nippon Yusen Kaisha (NYK), the major Japanese shipping company and among the world’s largest owne...
Asia Fuel Oil-Premiums rangebound; 180-cst HSFO trade emerges
Categories: News Flash
Date: Jan 10, 2024
Cash premiums for fuel oil were rangebound in single-digit premiums in Asia, though a rare trade fo...
Baltic index logs biggest fall in a month on slipping vessel rates
Categories: News Flash
Date: Jan 10, 2024
The Baltic Exchange’s dry bulk sea freight index fell on Tuesday to a nearly seven-week low in it...
Russia lifts exchange-rate-linked duty on most coal exports
Categories: News Flash
Date: Jan 10, 2024
Russia has lifted duties linked to the rouble-dollar exchange rate on most coal exports, according ...
Japanese Q1 aluminum premium down 7.2% to $90/mt CIF Japan
Categories: News Flash
Date: Jan 10, 2024
Platts, part of S&P Global Commodity Insights, assessed the first-quarter premium for imported ...
Indian refiners set to ask for extra Saudi oil after sharp price cut
Categories: News Flash
Date: Jan 10, 2024
Two Indian state refiners are seeking to boost imports of Saudi crude oil after the kingdom cut the...
Iron ore extends decline as mills’ pre-holiday replenishment slows
Categories: News Flash
Date: Jan 10, 2024
Iron ore futures fell on Tuesday for a fourth consecutive session, albeit at a slower pace, as stee...
Korean Shipping Companies Face Soaring Challenges as Q4 Performance Takes a Downturn
Categories: News Flash
Date: Jan 10, 2024
In the fourth quarter of last year, the annual performance of South Korea’s largest container shi...
Green ammonia could decarbonize 60% of global shipping when offered at just 10 regional fuel ports.
Categories: News Flash
Date: Jan 10, 2024
A study published today in IOP Publishing’s journal Environmental Research: Infrastructure and Su...
Middle East Crude-Benchmarks extend gains as arbitrage window shuts; Saudi Arabia cuts OSPs
Categories: News Flash
Date: Jan 09, 2024
Middle East crude benchmarks Oman, Dubai and Murban extended gains on Monday as the arbitrage windo...
Last of the good times in LNG as supply wave looms
Categories: News Flash
Date: Jan 09, 2024
A wave of new supply of liquefied natural gas is set to hit global markets late this year, making 2...
China’s shipbuilding industry surges ahead, with orders scheduled for 2028
Categories: News Flash
Date: Jan 09, 2024
China’s shipping industry saw robust growth in 2023, prompting shipowners around the globe to pla...
Seaspan Launches First of Three LNG Bunkering Vessels to Deliver Low-Carbon Energy Solutions to the Maritime Industry
Categories: News Flash
Date: Jan 09, 2024
Seaspan Energy is celebrating the new year with the launch of its first of three 7600m3 LNG bunkeri...
Hanwha Ocean Makes Strategic Decision to Cease Winning Container Ship Orders
Categories: News Flash
Date: Jan 09, 2024
Hanwha Ocean, the world’s third-largest shipbuilder, has decided to stop receiving container ship...
Kalmar and Wallenius Wilhelmsen strengthen decades-long collaboration with new order including fully electric forklift trucks and reachstackers
Categories: News Flash
Date: Jan 09, 2024
Kalmar, part of Cargotec, has received a large order from leading Norwegian logistics service provi...
Clean tanker market to remain strong into 2024 amid firm jet, petchem deliveries
Categories: News Flash
Date: Jan 09, 2024
Strong projected demand for jet fuel in 2024 is set to support clean tanker markets globally, with ...
River Rhine in Germany reopens to shipping after high water recedes
Categories: News Flash
Date: Jan 09, 2024
The river Rhine in Germany has been reopened to shipping after being halted due to a rise in water ...
Asia Fuel Oil-VLSFO cash premium slips below three-month lows
Categories: News Flash
Date: Jan 09, 2024
Asia’s cash premium for very low sulphur fuel oil (VLSFO) fell below three-month lows on Monday, ...
Baltic index drops to over 1-month low on weaker vessel rates
Categories: News Flash
Date: Jan 09, 2024
The Baltic Exchange’s dry bulk sea freight index slipped to its lowest level in more than a month...