News Flash
Turkey, Brazil became main importers of Russian seaborne oil products in 2023
Categories: News Flash
Date: Feb 07, 2024
Turkey and Brazil last year became the biggest importers of Russian seaborne diesel and gasoil afte...
Yemen Houthi leader says group will further escalate if attacks on Gaza do not stop
Categories: News Flash
Date: Feb 07, 2024
The leader of Yemen’s Iran-aligned Houthis said on Tuesday that the group will further escalate i...
Asia Distillates-Margins at more than 3-mth high, physical markets quiet
Categories: News Flash
Date: Feb 07, 2024
Asia’s middle distillates refining margins firmed to a more than three-month high of above $26 a ...
Saudi Arabia keeps Arab Light crude price to Asia unchanged in surprise move
Categories: News Flash
Date: Feb 07, 2024
Top oil exporter Saudi Arabia unexpectedly kept March price of its flagship Arab Light crude to Asi...
Asia Fuel Oil-HSFO holds in discounts amid persistent flurry of offers
Categories: News Flash
Date: Feb 07, 2024
Asia’s high sulphur fuel oil (HSFO) market held in discounts on Tuesday as persistent selling int...
Mitsui OSK rerouting all vessels via Cape of Good Hope
Categories: News Flash
Date: Feb 07, 2024
Japan’s Mitsui OSK Lines (MOL) 9104.T has rerouted all of its ships via the Cape of Good Hope due...
Baltic index rises on stronger vessel rates across segments
Categories: News Flash
Date: Feb 07, 2024
The Baltic Exchange’s dry bulk sea freight index rose to an over one-week high on Tuesday, as ves...
Up to 35 Aframax tankers could switch to carrying cleaner fuel: Kpler
Categories: News Flash
Date: Feb 07, 2024
As many as 35 oil tankers that usually carry crude or fuel oil could switch to carrying cleaner pro...
Asia LNG imports are robust, but record supply keeps spot prices muted
Categories: News Flash
Date: Feb 06, 2024
The spot price of liquefied natural gas (LNG) is continuing to meander at low levels amid ample sup...
Increase in LNG imports highlights Brazil’s impact on prices
Categories: News Flash
Date: Feb 06, 2024
The growing weight of Brazil in the global LNG market has been a driver in a push for more price tr...
Asia Distillates-Markets little changed; more spot activity likely for Mar soon
Categories: News Flash
Date: Feb 06, 2024
Asia’s middle distillates markets were little changed on Monday on persistently limited swaps and...
Dalian iron ore falls on mounting inventory, China property worries
Categories: News Flash
Date: Feb 06, 2024
Dalian iron ore futures fell on Monday, amid persistent caution due to mounting port inventory and ...
Oldendorff Carriers to significantly reduce emissions by outfitting three Norsepower Rotor Sails™ to a post-Panamax bulk carrier
Categories: News Flash
Date: Feb 06, 2024
Oldendorff and Norsepower have announced an agreement to use Norsepower Rotor Sails™ to further r...
Action must be taken now to be ready for future crewing challenges, says Filipino crewing specialists Senator
Categories: News Flash
Date: Feb 06, 2024
The industry needs to take action now to be ready for future crewing challenges and ensure quality ...
Ammonia attracts the shipping industry, but researchers warn of its risks
Categories: News Flash
Date: Feb 06, 2024
Switching to ammonia as a marine fuel, with the goal of decarbonisation, can instead create entirel...
Asia Fuel Oil-VLSFO cargo premiums hold, bunker premiums extend climb
Categories: News Flash
Date: Feb 06, 2024
Asia cash premiums for very low sulphur fuel oil (VLSFO) cargo held stable as of Monday, while bunk...
Baltic index hits one-week high on capesize strength
Categories: News Flash
Date: Feb 06, 2024
The Baltic Exchange’s dry bulk sea freight index rose to a one-week high on Monday, as gains in t...
Biden’s pause on US LNG export approvals: four questions answered
Categories: News Flash
Date: Feb 05, 2024
On January 26th, after weeks of speculation and mounting concerted pressure from environmental acti...
European LNG bunker fuel prices competitive despite winter
Categories: News Flash
Date: Feb 05, 2024
LNG bunker fuel in Rotterdam has been more competitive in comparison with other shipping fuels this...
CMA CGM halts Red Sea transit on security risks
Categories: News Flash
Date: Feb 05, 2024
Shipping group CMA CGM on Friday suspended until further notice all crossings by its vessels of the...
European Businesses Prioritising Supply Chain Innovation And Resilience Amid Geopolitical Uncertainty
Categories: News Flash
Date: Feb 05, 2024
New research from Economist Impact and DP World reveals that European businesses are deploying inno...
Venezuela’s January oil exports fell 25% amid outages at terminal
Categories: News Flash
Date: Feb 05, 2024
Venezuela’s exports of crude and refined products fell by 25% in January to some 624,000 barrels ...
Port of Newcastle: Fluctuating Trade Challenges A Feature For 2023
Categories: News Flash
Date: Feb 05, 2024
Figures released today reveal a shift in weather and demand has had a significant impact on Port of...
Double pay and going dark: How shipping companies are navigating Red Sea attacks
Categories: News Flash
Date: Feb 05, 2024
Concern is growing for the lives of sailors, as the campaign of attacks on shipping in the Red Sea ...
New e-fuels project to make international shipping climate neutral
Categories: News Flash
Date: Feb 05, 2024
Transport and trade on the ocean blue must be made much greener. This is the goal of the new €17 ...
Russian LPG exports to China by rail rose 35% in 2023
Categories: News Flash
Date: Feb 05, 2024
Russia raised exports of liquefied petroleum gas (LPG) to China via railways by 35% to 202,000 metr...
US LNG export pause leaves EU, industry at odds over energy security
Categories: News Flash
Date: Feb 05, 2024
Europe will have enough gas supply for the next 10 years and thereafter despite a move by the U.S. ...
OPEC+ to review oil cut extension in March, ministers leave policy unchanged
Categories: News Flash
Date: Feb 02, 2024
OPEC+ will decide in March whether or not to extend voluntary oil production cuts in place for the ...
Iron ore mixed as investors reassess China demand outlook
Categories: News Flash
Date: Feb 02, 2024
Dalian iron ore futures dipped further on Thursday while prices in Singapore rebounded, as investor...
Russian oil product exports via Tuapse to fall sharply in Feb -traders
Categories: News Flash
Date: Feb 02, 2024
Russian oil product exports from the Black Sea port of Tuapse are set to fall by 59.1% in February ...
CMA CGM to enhance its SAFRAN service connecting North Europe with South America East Coast
Categories: News Flash
Date: Feb 02, 2024
CMA CGM is pleased to announce its customers an improved coverage of North European ports with its ...
TECO 2030 and Umoe Mandal submits fuel cell high-speed vessel design for approval in principle
Categories: News Flash
Date: Feb 02, 2024
TECO 2030 and Umoe Mandal has just delivered the documentation package to the Norwegian Maritime Au...