News Flash
Surging U.S. crude oil exports disrupt European, Asian prices
Categories: News Flash
Date: Aug 07, 2023
Surging U.S. crude exports in 2023 are pushing down oil prices in Europe and Asia, proving a key so...
China to lift tariffs on Australian barley as trade ties improve
Categories: News Flash
Date: Aug 07, 2023
China’s Ministry of Commerce said on Friday it would drop anti-dumping and anti-subsidy tariffs o...
MV Janet Marie, the Newest Addition to Pasha Hawai‘i’s Container Ship Fleet, Makes Her Inaugural Arrival at Honolulu Harbor’s Pier 51
Categories: News Flash
Date: Aug 07, 2023
Arrival marks the company’s second container ship to operate on natural gas; Pasha Hawaii donates...
End of ‘easy bunkering’ in sight on shifting oil flows: TFG Marine
Categories: News Flash
Date: Aug 07, 2023
The days of picking and choosing from a range of bunker fuels at ports are disappearing as geopolit...
Russian Seaborne Crude Oil Export Volumes Fall 16% M/M And May Fall Further
Categories: News Flash
Date: Aug 04, 2023
Russian seaborne crude oil export volumes have remained strong and grew 13% y/y in 2022 despite the...
Asia Fuel Oil-HSFO rally stalls, inventories continue to rise
Categories: News Flash
Date: Aug 04, 2023
A recent rally in high sulfur fuel oil (HSFO) showed signs of pausing as of Thursday, while landed ...
More Tankers, fewer Bulkers Were Bought in the S&P Market During the First Half of 2023
Categories: News Flash
Date: Aug 04, 2023
Ship owners gravitated towards more tanker acquisitions, than bulker ones, during the first six mon...
Carrier reliance on leased container fleet to support higher per diems and cash returns.
Categories: News Flash
Date: Aug 04, 2023
A downturn in trade and mass disposal of surplus equipment will lead to a 2% contraction in the glo...
Asia crude imports hit high as China, India gorge on Russian oil
Categories: News Flash
Date: Aug 04, 2023
Asia’s crude imports lifted to a record high in July as the top-importing region’s two biggest ...
Nakilat achieves QAR 775mln net profit for the first half of 2023
Categories: News Flash
Date: Aug 04, 2023
Nakilat, one of the world’s largest Liquefied Natural Gas (LNG) fleet operators achieved a net pr...
Asia Rice: India export curbs push prices in top hubs to new highs
Categories: News Flash
Date: Aug 04, 2023
A blistering rally in rice export prices from top Asian hubs showed no signs of letting up this wee...
Saudi Arabia extends 1 mln bpd oil cut, may deepen it in future
Categories: News Flash
Date: Aug 04, 2023
Saudi Arabia will extend a voluntary oil output cut of one million barrels per day for another mont...
Iron ore slump widens as China demand concerns mount
Categories: News Flash
Date: Aug 04, 2023
Iron ore futures slumped on Thursday on fresh concerns about China’s steel production curbs and r...
Baltic index edges up on firm panamax demand
Categories: News Flash
Date: Aug 04, 2023
The Baltic Exchange’s main sea freight index .BADI edged higher on Thursday, buoyed by an uptick ...
Container xChange Update on Impact of Severe Flooding and Typhoon Threat in China
Categories: News Flash
Date: Aug 03, 2023
Container xChange is closely monitoring the severe flooding caused by torrential rains and the remn...
Seanergy Maritime Holdings Corp. Expects to Benefit From “The Best Dry Bulk Market Fundamentals of the Past Three Decades”
Categories: News Flash
Date: Aug 03, 2023
Seanergy Maritime Holdings Corp., announced yesterday its financial results for the second quarter ...
Asia Fuel Oil-cst cash differential hits 16-month high
Categories: News Flash
Date: Aug 03, 2023
Asia’s cash differential for 380-cst high sulphur fuel oil (HSFO) spiked to a 16-month high on We...
Iraq exports over 106 mln barrels of crude oil in July
Categories: News Flash
Date: Aug 03, 2023
Iraq exported about 106.75 million barrels of crude oil in July, generating 8.29 billion U.S. dolla...
Russia could be ready for Black Sea grain deal talks, but no evidence yet -US
Categories: News Flash
Date: Aug 03, 2023
The United States has been told that Russia is prepared to return to talks on a deal that had allow...
Oil exports from Russia’s Baltic ports set to decline 11% for Aug 1-10 – traders
Categories: News Flash
Date: Aug 03, 2023
Oil exports from Russia’s Baltic ports, Primorsk and Ust-Luga, were set at 1.6 million tonnes for...
HD Hyundai Cements No. 1 Position in Marine Engine Market
Categories: News Flash
Date: Aug 03, 2023
HD Hyundai, which has an unrivaled presence in the world marine engine market, has further strength...
Phillips 66 joins rival refiners with sharp quarterly profit drop
Categories: News Flash
Date: Aug 03, 2023
Phillips 66 (NYSE:PSX) reported a sharp fall in second-quarter profit on Wednesday, the latest U.S....
Baltic index snaps 5-day winning streak as capesize rates slip
Categories: News Flash
Date: Aug 03, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Diana Shipping Inc. Reports Second Quarter Net Income of $10.4 Million
Categories: News Flash
Date: Aug 02, 2023
Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-i...
Greek July factory activity expands as output, new orders grow -PMI
Categories: News Flash
Date: Aug 02, 2023
Greek factory activity expanded in July for the sixth month in a row, as output and new orders grew...
China pledges financing support for small firms amid weak economic recovery
Categories: News Flash
Date: Aug 02, 2023
Chinese ministries, regulators and the central bank on Tuesday pledged more financing support to sm...
U.S. crude, products supplied rise in May to highest since August 2019 -EIA
Categories: News Flash
Date: Aug 02, 2023
U.S. product supplied of crude and petroleum products, a proxy for demand, rose to 20.78 million ba...
Iron ore end mixed on China’s stimulus hopes, oversupply concerns
Categories: News Flash
Date: Aug 02, 2023
Dalian iron ore futures edged up slightly on Tuesday, while Singapore iron ore futures fell with th...
Ocean Yield Announces Investment in four product tankers with inaugural sustainability-linked lease
Categories: News Flash
Date: Aug 02, 2023
Ocean Yield AS is pleased to announce that it has agreed to purchase four LR1 product tankers, to b...
Hanwha Ocean wins $259.9 mln LNG tanker contract from Asian client
Categories: News Flash
Date: Aug 02, 2023
South Korean major shipbuilder Hanwha Ocean, formerly known as Daewoo Shipbuilding & Marine Eng...
Russia says thwarts Ukrainian attacks on navy and civilian ships in Black Sea
Categories: News Flash
Date: Aug 02, 2023
Russia’s defence ministry said on Tuesday it had thwarted attacks by Ukrainiansea drones onits na...
Asia Fuel Oil-HSFO jumps on strong bids, but headwinds loom
Categories: News Flash
Date: Aug 02, 2023
Asia’s cash differential for high sulphur fuel oil (HSFO) jumped sharply on Tuesday as strong bid...