News Flash
China may boost October fuel exports on robust margins, flight recovery
Categories: News Flash
Date: Sep 28, 2023
China’s oil products exports are set to rise in October as state-owned refiners capitalise on luc...
PPA SA: Strong performance in the first half of 2023, with a significant increase in profitability and turnover
Categories: News Flash
Date: Sep 28, 2023
In the first half of the fiscal year 2023, PPA S.A. reported a continued robust increase in profits...
Vale and Port of Açu sign agreement to develop a Mega Hub for the decarbonization of steelmaking
Categories: News Flash
Date: Sep 28, 2023
Vale informs that it signed an MOU with the Port of Açu to study the development of a Mega Hub at ...
‘Dark’ ships are faking their locations to move oil around the world — and it is likely worth billions of dollars
Categories: News Flash
Date: Sep 27, 2023
Ships are faking their locations to engage in illicit activity — and rising numbers appear to be ...
MV Ballard becomes the first KCC vessel equipped with Silverstream Technologies air lubrication system
Categories: News Flash
Date: Sep 27, 2023
Klaveness Combination Carriers (“KCC”) announces MV Ballard, the youngest vessel in the CABU fl...
Three Japanese Shipping Companies Partner to Establish Global Liquefied Hydrogen Supply Chain
Categories: News Flash
Date: Sep 27, 2023
On September 12 2023, Japan Suiso Energy, Ltd. (JSE)*, and three Japanese shipping companies, Kawas...
Cargo vessel sets off from Ukrainian Black Sea port – source
Categories: News Flash
Date: Sep 27, 2023
A cargo vessel set off from a Ukrainian Black Sea port on Tuesday after loading but remained close ...
Mideast-Asia oil shipping rates rebound, capped by OPEC+ supply cuts.
Categories: News Flash
Date: Sep 27, 2023
The cost of chartering a supertanker to load Middle Eastern crude oil for Asia has rebounded from a...
RightShip introduces PortRISK to transform port and terminal risk management
Categories: News Flash
Date: Sep 27, 2023
Built using RightShip’s unmatched maritime vessel, incident, and company database, PortRISK provi...
Baltic index scales over 9-month high on Capesize surge
Categories: News Flash
Date: Sep 27, 2023
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk comm...
Inmarsat Maritime Safety Report Highlights Importance Of Data And Collaboration In Tackling Persistent Safety Challenges
Categories: News Flash
Date: Sep 27, 2023
The 2023 edition of The Future of Maritime Safety Report from Inmarsat Maritime, a Viasat business,...
Port Houston loaded exports up 10% year-to-date.
Categories: News Flash
Date: Sep 27, 2023
Loaded export volumes at Port Houston are up 10% year-to-date, maintaining the upward trajectory se...
Iron ore is clouded further by a weak demand outlook.
Categories: News Flash
Date: Sep 27, 2023
Iron ore futures extended declines on Tuesday, as investors booked profits ahead of upcoming holida...
OPEC+ production cuts drive up sour crude oil prices around the world.
Categories: News Flash
Date: Sep 26, 2023
Crude oil production cuts among OPEC+ members are limiting the global supply of medium, sour, and h...
Robust exports and stable domestic demand keep China’s steel production strong in 2023
Categories: News Flash
Date: Sep 26, 2023
Robust steel exports from China have emerged as a major driver supporting steel production at a tim...
Baltic index rises to over 4-month high on stronger capesize rates
Categories: News Flash
Date: Sep 26, 2023
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk comm...
Middle East Crude-Dubai and Oman firms; EFS retains volatile swing.
Categories: News Flash
Date: Sep 26, 2023
Middle East crude benchmarks Dubai and Oman rose on Monday, with two cargo deliveries of Upper Zaku...
Asia Fuel Oil-Cash premiums steady, market eyes regional tenders
Categories: News Flash
Date: Sep 26, 2023
regional tenders for October. Cash premium for 0.5% VLSFO was pegged at $8.61 a metric ton, whil...
Russia diesel export curbs to exacerbate tight supply in Asia in Q4
Categories: News Flash
Date: Sep 26, 2023
Russia’s move to temporarily ban diesel exports to ease surging domestic fuel prices could see mo...
Drewry: Port Throughput Index Down 2.1% in July
Categories: News Flash
Date: Sep 26, 2023
The Drewry Container Port Throughput Indices are a series of calendar-adjusted volume growth/declin...
Berlin takes a closer look at the sale of MAN gas turbine division to China
Categories: News Flash
Date: Sep 26, 2023
The German government is taking a closer look at the sale of Volkswagen subsidiary MAN Energy Solut...
MOL, PETRONAS, and MISC Set the Stage for the Development of Liquefied CO2 Carriers
Categories: News Flash
Date: Sep 26, 2023
Mitsui O.S.K. Lines, Ltd. yesterday announced that MOL has principally reached an agreement with tw...
Iron ore hits 2-week low on weak demand, possible steel output curbs
Categories: News Flash
Date: Sep 26, 2023
Iron ore futures fell on Monday, as traders were worried about weaker-than-expected steel consumpti...
Sizzling rally in US energy stocks has room to run, bulls say
Categories: News Flash
Date: Sep 25, 2023
Contrarian investors were rewarded for betting on the beaten down U.S.energy sector earlier this ye...
Valenciaport warns of the diversion of traffic to non-EU ports to evade payment for emissions
Categories: News Flash
Date: Sep 25, 2023
Loss of competitiveness, reduction of transhipment business (transfer of cargo from one ship to ano...
Russia still No.1 oil source for India despite fall
Categories: News Flash
Date: Sep 25, 2023
Russia remained the top supplier of crude oil to India in July as it exported crude oil worth $3.37...
Green shipping must be economically sustainable too: Singapore Foreign Minister Vivian Balakrishnan
Categories: News Flash
Date: Sep 25, 2023
Singapore is doing its bit for ocean conservation and sees such efforts as critical to being able t...
Why is the sea so hungry?
Categories: News Flash
Date: Sep 25, 2023
In the 1980s and early 1990s, the world’s merchant fleet lost 130 bulk carriers, in some tragic c...
Shipping: China export rebound doesn’t mean that the halcyon days are back
Categories: News Flash
Date: Sep 25, 2023
A recent bump in shares of Asian shipping companies was spurred by optimism that Chinese exports co...
China: Shipbuilding production, orders surge
Categories: News Flash
Date: Sep 25, 2023
China’s shipbuilding industry recorded sound development in the first eight months, with robust g...
How will marine underwriters capture the benefits of digitalisation?, asks IUMI
Categories: News Flash
Date: Sep 25, 2023
Digitalisation is making significant inroads into many aspects of global shipping and marine insura...
Houston-Japan VLGC freight rates reach multi-year high amid Panama Canal-related delays
Categories: News Flash
Date: Sep 25, 2023
VLGC freight rates from Houston to Chiba, Japan, reached $245/mt Sept. 21 for the first time since ...