News Flash
Baltic index climbs to over 1-month high on demand for larger vessels
Categories: News Flash
Date: Aug 02, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Signing Contracts for US$49.3M, PIS (Pertamina) Now Sails across 26 International Routes
Categories: News Flash
Date: Aug 01, 2023
PT Pertamina International Shipping (PIS), through its branch office in Dubai, PIS Middle East (PIS...
Carrier reliance on leased container fleet to support higher per diems and cash returns
Categories: News Flash
Date: Aug 01, 2023
Drewry expects the global pool of container equipment to contract by 2% in 2023 as trade growth rem...
Tankers: Crude Flows Constantly Shifting
Categories: News Flash
Date: Aug 01, 2023
seaborne crude oil flows keep on changing, with China having recently emerged as major buyer of US ...
Drewry: Port Equity Index Down 0.9%, Despite Stock Market Boom
Categories: News Flash
Date: Aug 01, 2023
The ongoing rally in the broader S&P is fuelled by the bullish bets placed on the technology st...
Asia Fuel Oil-HSFO margins close at more than one-year highs
Categories: News Flash
Date: Aug 01, 2023
Refining margins for high sulphur fuel oil (HSFO) closed the final trading day of the month at more...
Iron ore inches higher on fresh China support
Categories: News Flash
Date: Aug 01, 2023
Iron ore futures edged up on Monday after Chinese authorities announced measures to increase consum...
Canada’s dock workers, employers reach tentative labour deal
Categories: News Flash
Date: Aug 01, 2023
West coast dock workers in Canada and their employers’ association reached a settlement agreement...
Ukraine and Croatia agree on use of Croatian ports for grain exports
Categories: News Flash
Date: Aug 01, 2023
Ukraine and Croatia have agreed on the possibility of using Croatian ports on the Danube and the Ad...
Rhine river levels in Germany close to normal after rain
Categories: News Flash
Date: Aug 01, 2023
Repeated rainfall has raised water levels on the river Rhine in Germany, with much of it back or cl...
Baltic index rises, logs second straight monthly gain
Categories: News Flash
Date: Aug 01, 2023
The Baltic Exchange’s main sea freight index gained on Monday, posting its second straight monthl...
Longshoremen’s union can sue shipping association over port jobs -4th Circ
Categories: News Flash
Date: Jul 31, 2023
A union representing longshoremen was within its rights to sue an association of shipping companies...
OCI Global and X-Press Feeders sign green methanol offtake agreement, decarbonizing a key link in the global shipping chain
Categories: News Flash
Date: Jul 31, 2023
OCI Global (Euronext: OCI) and X-Press Feeders have announced that OCI Hyfuels will supply XPress F...
Platts Forties Sulfur de-escalator at 3-year low on firm sour crude, fuel oil
Categories: News Flash
Date: Jul 31, 2023
Platts Forties sulfur de-escalator was assessed July 25 at its lowest value since June 2022, as rec...
Shipping group CMA CGM braced for weaker profit before demand picks up in 2024
Categories: News Flash
Date: Jul 31, 2023
French shipping group CMA CGM expects container freight demand to improve from next year but the gr...
Tankers: VLCC Rates in the Middle East Softened This Week
Categories: News Flash
Date: Jul 31, 2023
Clean The BCTI finished the week at 671, up from 610 the previous week. In the Middle East Gu...
Pyxis Tankers Inc is expected to post earnings of 23 cents a share
Categories: News Flash
Date: Jul 31, 2023
Pyxis Tankers Inc is expected to show a fall in quarterly revenue when it reports results on August...
Grafmarine Solar Energy Cells tested on Carisbrooke Vessel
Categories: News Flash
Date: Jul 31, 2023
Carisbrooke Shipping Ltd, which operates a fleet of multi-purpose vessels from offices in Cowes on ...
Western Canada dock workers union rejects labor contract.
Categories: News Flash
Date: Jul 31, 2023
Dock workers in Western Canada have rejected a proposed labor contract that would have ended a disp...
S.Korea’s shipbuilders near $9.4 bn in LNG carrier orders from Qatar.
Categories: News Flash
Date: Jul 31, 2023
South Korea’s top three shipbuilders — HD Hyundai Heavy Industries Co., Hanwha Ocean Co. and Sa...
Russia threatens civilian vessels in Black Sea, Ukraine says.
Categories: News Flash
Date: Jul 31, 2023
A senior Ukrainian official accused Russia on Friday of threatening civilian vessels in the Black S...
Saudi unlikely to continue oil production cut – Julius Baer
Categories: News Flash
Date: Jul 28, 2023
Saudi Arabia is “unlikely to continue” with its solo oil production cut, after fellow petro-nat...
ECB raises key rate to historic high, keeps options open
Categories: News Flash
Date: Jul 28, 2023
The European Central Bank raised its deposit rate to a historic high on Thursday and kept its optio...
Australia’s Fortescue Metals sees higher annual iron ore shipments
Categories: News Flash
Date: Jul 28, 2023
Fortescue Metals Group on Thursday forecast higher iron ore shipments for fiscal 2024, encouraged b...
Patrick Terminals to boost sustainable container handling with ten Kalmar hybrid straddle carriers
Categories: News Flash
Date: Jul 28, 2023
Kalmar, part of Cargotec, will supply a total of ten new Kalmar Hybrid Straddle Carriers to Patrick...
China loads 750,000 tons of sugar in Brazil, year’s largest import volume
Categories: News Flash
Date: Jul 28, 2023
Chinese buyers are currently loading dozens of vessels with around 750,000 metric tons of sugar at ...
Russia’s FSB: traces of explosives found on second Russia-bound grain ship
Categories: News Flash
Date: Jul 28, 2023
Russia’s Federal Security Service (FSB) said on Thursday it had found traces of explosives on boa...
WFW advises First Citizens Bank on US$123m Greek shipping loan portfolio acquisition
Categories: News Flash
Date: Jul 28, 2023
Watson Farley & Williams (“WFW”) advised First Citizens Bank (“FCB”), on its acquisitio...
Asia Fuel Oil-VLSFO cash premium rises for a second straight day
Categories: News Flash
Date: Jul 28, 2023
Asia’s cash differential for very-low sulphur fuel oil (VLSFO) extended gains on Thursday after f...
Emissions insights could cut EU-mandated carbon costs of shipping by 50%
Categories: News Flash
Date: Jul 28, 2023
LSEG (London Stock Exchange Group) and Siglar Carbon, a maritime emissions analytics company, have ...
Baltic index hits two-week high on firm capesize, panamax demand
Categories: News Flash
Date: Jul 28, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Panama And Peru Strengthen Relations In The Maritime Field
Categories: News Flash
Date: Jul 27, 2023
The Panama Maritime Authority (AMP) and the National Maritime Authority of Peru signed an Inter-ins...