News Flash
Flagship economic report highlights why global cooperation is key
Categories: News Flash
Date: Jan 08, 2024
The flagship forecast launched in New York on Thursday indicates that last year’s stronger-than-e...
Global manufacturers struggle to regain momentum
Categories: News Flash
Date: Jan 08, 2024
U.S. manufacturers are still struggling to emerge from the prolonged slump that began in the middle...
ACM mulls ship broking expansion
Categories: News Flash
Date: Jan 08, 2024
Oil tanker broker ACM Shipping Group is looking at growing its ship broking business and may expand...
Asia spot LNG prices dip to 5-month low as stocks weigh
Categories: News Flash
Date: Jan 08, 2024
Asian spot liquefied natural gas (LNG) prices slipped to a five-month low this week, extending loss...
EU ETS prices under pressure but colder weather could boost demand
Categories: News Flash
Date: Jan 08, 2024
European carbon prices fell in the week ending Jan. 5 due to soft demand but with colder weather fo...
Red Sea crisis may push shipping costs by 60%, insurance by 20%: GTRI
Categories: News Flash
Date: Jan 08, 2024
The increasing Red Sea crisis may impact trade as it is expected to push shipping costs by up to 60...
J.P. Morgan sees oil demand growth at its slowest in nine months in December
Categories: News Flash
Date: Jan 08, 2024
Early data indicates global oil consumption in December grew at the slowest pace in nine months, J....
Shipping stocks rise, biggest gainers in Europe at start of 2024
Categories: News Flash
Date: Jan 08, 2024
Shipping companies have been the best performing stocks in Europe since the start of 2024, and were...
BTIG says dry bulk shipping firms on troubled waters in 2024
Categories: News Flash
Date: Jan 08, 2024
BTIG expects 2024 to be a tough year for dry bulk shipping companies; cuts its rating on three stoc...
War, weather put ocean shippers on notice for rough seas in 2024
Categories: News Flash
Date: Jan 08, 2024
Recent hostilities in the Red Sea have thrown global shippers of vital goods for a loop – but it ...
LNG futures trade volumes in Q4 hit record high, 2023 volumes up 12.5%
Categories: News Flash
Date: Jan 05, 2024
LNG futures trade volumes on the financial exchanges during the fourth quarter of 2023 hit a record...
Morgan Stanley sees lower oil prices in 2024 on oversupply concerns
Categories: News Flash
Date: Jan 05, 2024
Morgan Stanley sees Brent crude prices anchored near $80 per barrel in the first half of 2024 befor...
Japan’s Saudi Arabia crude oil imports increased in November 2023
Categories: News Flash
Date: Jan 05, 2024
Japan’s imports of Saudi Arabia’s crude oil increased in November 2023, reaching 33.27 million ...
Impact of Red Sea unrest on Rotterdam throughput is expected to be slight
Categories: News Flash
Date: Jan 05, 2024
The recent disruptions at the Red Sea entrance are anticipated to exert additional strain on the co...
Year-end hedge fund short-covering failed to lift oil prices
Categories: News Flash
Date: Jan 05, 2024
Portfolio investors boosted their petroleum positions in the final two weeks of last year, as some ...
Seafarers encounter growing mental health struggles as drone attacks and pirate threats escalate in the Red Sea and Gulf of Aden
Categories: News Flash
Date: Jan 05, 2024
Seafarers once again find themselves on the frontline of one of the world’s conflicts as they pas...
Landmark IMO Strategy for cutting global shipping emissions welcomed at COP28
Categories: News Flash
Date: Jan 05, 2024
The 2023 IMO Strategy on Reduction of GHG Emissions from Ships has been applauded by international ...
Ocean cargo rates climb after new Red Sea ship attacks
Categories: News Flash
Date: Jan 05, 2024
Ocean freight rates are surging after a missile attack and attempted hijacking of a Maersk ship thi...
The Red Sea crisis boosts shipping costs, delays – and inflation worries
Categories: News Flash
Date: Jan 05, 2024
Attacks on ships in the Red Sea continue to push ocean freight rates higher, triggering warnings of...
Baltic index ticks down as smaller vessel rates dip
Categories: News Flash
Date: Jan 05, 2024
The Baltic Exchange’s dry bulk sea freight index declined on Thursday, as lower rates for Panamax...
Dalian iron ore climbs nearly 3% on expectations of more China stimulus
Categories: News Flash
Date: Jan 04, 2024
The most-traded May iron ore on China’s Dalian Commodity Exchange rose 2.8% to 1,017.5 yuan ($142...
P&I Insurance Renewals: Navigating the 20th February 2024 Changes”: Understanding P&I Insurance in 2024
Categories: News Flash
Date: Jan 04, 2024
Protection and Indemnity (P&I) insurance is a cornerstone of maritime commerce, safeguarding sh...
Ship Sales Fall in 2023
Categories: News Flash
Date: Jan 04, 2024
Activity in the S&P market was below 2022 levels, during the past year. In its latest weekly re...
The US was the top LNG exporter in 2023 as hit record levels
Categories: News Flash
Date: Jan 04, 2024
U.S. liquefied natural gas exports hit monthly and annual record highs in December, tanker tracking...
Bunker One and Color Line collaborate on a successful fuel switch to biofuel
Categories: News Flash
Date: Jan 04, 2024
Color Line’s two passenger ferries connecting Denmark and Norway have been running on B100 biofue...
Korean Shipbuilding Industry Increasingly Anticipating Tanker Orders
Categories: News Flash
Date: Jan 04, 2024
In 2024, Korean shipbuilders are likely to benefit from an increase in tanker orders because of inc...
Asia Fuel Oil-HSFO firms; market eyes China demand, Red Sea tensions
Categories: News Flash
Date: Jan 04, 2024
Asia’s high sulphur fuel oil (HSFO) market extended gains for a second consecutive session on Wed...
FUJAIRAH DATA: Oil product stocks rise after 16% annual drop
Categories: News Flash
Date: Jan 04, 2024
Stockpiles of oil products at the UAE’s Port of Fujairah climbed 10% in the week ended Jan. 1, le...
Baltic index edges down as demand for smaller vessels slips
Categories: News Flash
Date: Jan 04, 2024
The Baltic Exchange’s dry bulk sea freight index eased on Wednesday, as falling rates for panamax...
Maersk’s Red Sea shipping pause highlights challenges for U.S.-led efforts to protect trade.
Categories: News Flash
Date: Jan 04, 2024
The threat to global trade in the Red Sea remains high, even with efforts to protect commercial ves...
EU ETS adoption: opaque methodologies leave container markets to navigate murky waters
Categories: News Flash
Date: Jan 02, 2024
After a year of positional uncertainty, the container industry is now shedding light on the impact ...
Maersk pauses sailings through Red Sea again after new attack
Categories: News Flash
Date: Jan 02, 2024
A.P. Moller-Maersk said Dec. 31 it has suspended its vessels transiting the Red Sea for 48 hours af...