News Flash
Vessel wait times at Panama Canal increased more than 40% in August
Categories: News Flash
Date: Sep 04, 2023
The average wait time for non-booked vessels at the Panama Canal jumped by between 44% and 59% last...
The Hong Kong Convention, EU regulation and outstanding legal issues in various states
Categories: News Flash
Date: Sep 04, 2023
With the accessions of Bangladesh and Liberia as contract parties, the Hong Kong Convention (“HKC...
Asia Fuel Oil-Refining margins post monthly declines
Categories: News Flash
Date: Sep 01, 2023
Asia’s refining margins for fuel oil posted monthly declines in August, data showed on Thursday. ...
Wärtsilä LNG Fuel Gas Supply Systems continue to be the choice for CMA CGM newbuild vessels
Categories: News Flash
Date: Sep 01, 2023
Technology group Wärtsilä will supply the LNG Fuel Gas Supply (FGSS) systems for four new 23k TEU...
India’s Russian oil imports fall to 7-month low, Saudi jumps – trade flows
Categories: News Flash
Date: Sep 01, 2023
India’s imports of Russian oil fell in August to a seven-month low as refiners curbed purchases d...
IBIA announces Alexander Prokopakis as Executive Director
Categories: News Flash
Date: Sep 01, 2023
The International Bunker Industry Association (IBIA) is delighted to announce the appointment of Al...
EU purchases of Russian LNG up 40% compared to pre-war levels, new study finds
Categories: News Flash
Date: Sep 01, 2023
The European Union vowed to drastically cut imports of gas from Moscow over its invasion of Ukraine...
Iron ore jumps to five-week high on improved China data, stimulus
Categories: News Flash
Date: Sep 01, 2023
Iron ore futures rallied on Thursday to their highest in five weeks, underpinned by better-than-exp...
Market update: WTI crude oil price may extend push higher as retail traders turn bearish
Categories: News Flash
Date: Sep 01, 2023
Crude continues its winnng streak Crude oil prices extended higher over the past 24 hours, conti...
Middle East Crude-Oman, Murban edge lower; ESPO prices rise in China
Categories: News Flash
Date: Sep 01, 2023
Middle East crude benchmarks Oman and Murban fell in the last trading session in August as trades w...
Decline in bigger vessels drags Baltic index to monthly dip
Categories: News Flash
Date: Sep 01, 2023
The Baltic exchange’s main sea freight index tracing rates for ships ferrying dry bulk commoditie...
Global rice exports could fall 4% due to India’s export restrictions
Categories: News Flash
Date: Sep 01, 2023
Global rice exports could fall by at least 4% in 2023 because of India’s restrictions on exports ...
Deputy PM Novak: Russia does not rule out oil export cuts in October – TASS
Categories: News Flash
Date: Aug 31, 2023
Russian Deputy Prime Minister Alexander Novak said on Wednesday that Russia may extend oil export c...
Korea’s HMM bidders shortlisted to LX Group, Harim, Dongwon
Categories: News Flash
Date: Aug 31, 2023
Bidders for HMM Co., South Korea’s top shipping company, have been shortlisted to LX Group, Harim...
Russia says it will have talks with Turkey about alternatives to the Black Sea deal
Categories: News Flash
Date: Aug 31, 2023
Russian Foreign Minister Sergei Lavrov and Turkish counterpart Hakan Fidan will discuss a proposal ...
OceanPal Inc. Becomes Strategic Partner In Two 6,600dwt Methanol-Ready Chemical Tanker Newbuildings
Categories: News Flash
Date: Aug 31, 2023
OceanPal Inc., a global shipping company specializing in the ownership of vessels, announced that t...
Oil loadings from Russia’s Baltic ports for Sept. 1-10 set to rise 38% from Aug. 1-10
Categories: News Flash
Date: Aug 31, 2023
Russian Urals oil and Kazakhstan’s KEBCO loadings from Russia’s Baltic ports of Primorsk and Us...
Panama Is Open for Business: Minister of Foreign Affairs Tewaney Calls Out Social Media Misinformation Regarding Panama Canal Operations
Categories: News Flash
Date: Aug 31, 2023
Today the Government of Panama reenforced that Panama remains open for business despite misinformat...
Asia Fuel Oil-cst drops as lower offer emerges
Categories: News Flash
Date: Aug 31, 2023
Asia’s 180-cst high sulfur fuel oil (HSFO) market retreated on Wednesday as a lower offer emerged...
Ships drop anchor around Gabon as country shuts down after coup
Categories: News Flash
Date: Aug 31, 2023
At least 30 commercial ships dropped anchor on Wednesday around Gabon’s waters after military off...
Romanian, and French wheat offered the lowest in Egyptian tender –traders
Categories: News Flash
Date: Aug 31, 2023
The lowest free-on-board (FOB) offer presented at an Egyptian state purchasing tender for wheat on ...
Oman LNG signs supply agreements with Shell, OQ Trading
Categories: News Flash
Date: Aug 31, 2023
Oman LNG has signed agreements with Shell International Trading Middle East and Oman’s OQ trading...
Baltic index slips as Capesize dip outweighs smaller vessel gains
Categories: News Flash
Date: Aug 31, 2023
The Baltic Exchange’s main sea freight index declined on Wednesday, as lower rates for capesizes ...
The High Cost of Global Economic Fragmentation
Categories: News Flash
Date: Aug 30, 2023
In a shock-prone world, economies must be more resilient—individually and collectively. Cooperati...
Middle East Crude-Oman, Murban fall; US crude attracts Asian buyers
Categories: News Flash
Date: Aug 30, 2023
Middle East crude benchmarks Oman and Murban fell on Tuesday as traders concluded trades for this m...
The Marcura Group acquires ShipServ
Categories: News Flash
Date: Aug 30, 2023
The Marcura Group today announced that it has signed a definitive agreement to acquire ShipServ, a ...
Yemen oil tanker: ‘Pivotal chapter’ concludes but important work remains
Categories: News Flash
Date: Aug 30, 2023
The meticulous effort onboard the rusting FSO Safer spanned months of preparation and nearly 13 wee...
Dalian iron ore falls on thin steel margins, lukewarm downstream demand
Categories: News Flash
Date: Aug 30, 2023
Dalian iron ore futures extended declines on Tuesday, as traders remained cautious onshrinking stee...
Korean shipbuilding stocks rebound on expectations for improved earnings
Categories: News Flash
Date: Aug 30, 2023
South Korean shipbuilding stocks managed to rebound Monday after weeks of decline as investors perc...
Asia Fuel Oil-VLSFO slips after Kuwait’s Al Zour issues fresh tender
Categories: News Flash
Date: Aug 30, 2023
Asia’s very low sulphur fuel oil (VLSFO) market softened on Tuesday after Kuwait’s Al Zour refi...
ThPA S.A. expands its intermodal service to Skopje
Categories: News Flash
Date: Aug 30, 2023
ThPA S.A. is launching a new container block-train service between Thessaloniki and the capital of ...
OCI Global completes first European green methanol bunkering in Port of Rotterdam, the Netherlands
Categories: News Flash
Date: Aug 30, 2023
OCI Global has successfully bunkered the world’s first ever green methanol-powered container vess...