News Flash
LNG tankers divert to Europe from Asia after Russia halts supplies to Austria’s OMV
Categories: News Flash
Date: Nov 19, 2024
At least five cargoes of liquefied natural gas have diverted from Asia to Europe in the past few day...
DNV and Seatrium collaborate to drive innovation and sustainable product development in the marine and offshore industries
Categories: News Flash
Date: Nov 19, 2024
DNV has signed a Memorandum of Understanding (MoU) with Seatrium, a leading engineering solutions pr...
EU widens sanctions on Iranian shipping firms
Categories: News Flash
Date: Nov 19, 2024
The European Union has widened its sanctions against Iran over Tehran’s support of Russia in its w...
Star Bulk will use biofuels to comply with FuelEU Maritime rules
Categories: News Flash
Date: Nov 19, 2024
Star Bulk — one of the largest dry bulk shipping companies — will start buying biofuels to power...
Baltic index falls as all vessel segments decline
Categories: News Flash
Date: Nov 19, 2024
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk c...
Vietnam’s NSRP seeks approval to import more Kuwaiti crude amid high run rates
Categories: News Flash
Date: Nov 18, 2024
Vietnam’s Nghi Son Refinery and Petrochemical has sought government approval to import an addition...
LME scrap volumes up on week, futures remain in contango
Categories: News Flash
Date: Nov 18, 2024
Volumes traded for the scrap futures contracts on the London Metal Exchange, which settle basis the ...
UBS: Oil prices have room to recover
Categories: News Flash
Date: Nov 18, 2024
The latest data from the Energy Information Administration (EIA) showed US crude inventories rose by...
Seafair & SQLearn announce their partnership
Categories: News Flash
Date: Nov 18, 2024
SQLearn, a leading provider of certified online training solutions for the maritime industry, & ...
China plans first bio-marine fuel export quotas for 2025, traders, consultancy say
Categories: News Flash
Date: Nov 18, 2024
China is planning its first export quota for marine bunker that is blended with biodiesel, partly to...
HD Hyundai heir tightens grip on shipbuilding group
Categories: News Flash
Date: Nov 18, 2024
Chung Ki-sun, the heir apparent and vice chairman at HD Hyundai, has been promoted to the firm’s e...
Biofuels Can Help Maritime Industry Lower Carbon Intensity
Categories: News Flash
Date: Nov 18, 2024
Hui Ling Chern is excited about how biofuels can help lower the lifecycle carbon intensity of the ma...
SHIPPING: Asia-US container rates stable as East Coast port labor negotiations break down
Categories: News Flash
Date: Nov 18, 2024
Rates for shipping containers from east Asia and China to the US were largely stable this week but e...
Tankers: VLCCs Show Strong Rebound
Categories: News Flash
Date: Nov 18, 2024
Clean LR2 LR’s in the MEG have not had an easy week with plenty of available tonnage. The 75kt M...
The COVID-19 shock prompted us to develop a new index of supply chain stress
Categories: News Flash
Date: Nov 18, 2024
In normal times, the workings of the global supply chain are invisible and unnoticed by consumers. T...
Asia Distillates-Paper activity picks up; Dec outlooks mixed
Categories: News Flash
Date: Nov 16, 2024
Asia’s middle distillates markets for the week were trading in a tight range, though physical Dece...
Middle East Crude-Benchmarks little moved after Qatar tenders
Categories: News Flash
Date: Nov 16, 2024
Middle East crude benchmarks for Dubai, Oman and Murban werelittle moved on Friday, after Qatar issu...
Copper price could fall to $8,500 as Trump win boosts dollar, threatens demand
Categories: News Flash
Date: Nov 16, 2024
Copper prices could fall towards $8,500 a metric ton within the next four months on expectations tha...
Vessel Performance Solutions to equip 30 vessels of Harren Shipping Services GmbH & Co. with its VESPER performance management platform
Categories: News Flash
Date: Nov 16, 2024
Vessel Performance Solutions ApS, a subsidiary of Ascenz Marorka, GTT Group’s smart shipping arm, ...
COP29 pledge unites global port actors in elevating the need for building climate resilience and adaptation in port systems
Categories: News Flash
Date: Nov 16, 2024
Multi-stakeholder initiative Resilience4Ports launches the first sectoral, action-based commitment t...
Danelec and NAVTOR Partner to Further Digitalize Maritime Operations with Seamless Integration of High-Frequency Data Collection and Digital Logbook Solutions
Categories: News Flash
Date: Nov 16, 2024
Danelec and NAVTOR have expanded their longstanding partnership to bring even greater operational ef...
LR announces partnership with SHI for floating production and storage system for green ammonia
Categories: News Flash
Date: Nov 16, 2024
Lloyd’s Register (LR) has signed a Memorandum of Understanding with Samsung Heavy Industries (SHI)...
US sanctions Syrian company said to generate revenue for Iran
Categories: News Flash
Date: Nov 16, 2024
The US State Department announced Nov. 14 that the US would impose sanctions on 26 companies, indivi...
Asia Fuel Oil-Hi-5 posts weekly decline as VLSFO weakens while HSFO holds strength
Categories: News Flash
Date: Nov 16, 2024
Asia’s hi-5 fuel oil spread narrowed week-on-week, led by softer benchmarks for 0.5% low sulphur f...
Decoding alternative fuels: OceanScore supports tricky bunker selection process under FuelEU Maritime
Categories: News Flash
Date: Nov 16, 2024
Switching fuels is the most frequently discussed pathway to meeting the requirements of FuelEU Marit...
Iron ore hits 3-week low on firmer supply, softer steel outlook
Categories: News Flash
Date: Nov 15, 2024
Iron ore futures prices fell to a three-week low on Thursday, as supply of the key steelmaking ingre...
Wallenius Marine’s New Vessel “Way Forward” Ready for Her First Mission
Categories: News Flash
Date: Nov 15, 2024
Wallenius Marine’s new vessel, M/V Way Forward, has begun her long-term charter with the Volkswage...
Sedna Acquires Nordic IT, Advancing Maritime Communication Leadership
Categories: News Flash
Date: Nov 15, 2024
Sedna, a leader in communication technology for global trade, announces the acquisition of Nordic IT...
U.S. port, union talks break down again over automation, with two months to go before potential strike
Categories: News Flash
Date: Nov 15, 2024
Automation continues to be the sticking point in the negotiations between the United States Maritime...
Shipping industry’s decarbonization enhanced by dedicated book and claim registry
Categories: News Flash
Date: Nov 15, 2024
The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS) and RMI (formerly Rocky Mount...
MABUX: Bunker Prices Could See More Sideways Action Next Week
Categories: News Flash
Date: Nov 15, 2024
In Week 46, the MABUX global bunker indices shifted back to a moderate downward trend. The 380 HSFO ...
Asia Fuel Oil-VLSFO premium eases; Singapore stockpiles extend recovery
Categories: News Flash
Date: Nov 15, 2024
Spot premium for very low sulphur fuel oil (VLSFO) dipped on Thursday, while onshore stockpiles at S...