News Flash
Dalian iron ore climbs to 3-week high on China demand hope
Categories: News Flash
Date: Jan 30, 2024
Iron ore prices in China hit a three-week high on Monday on hopes of improving demand amid policy s...
Asia Fuel Oil-VLSFO markets gain on firm bunkering demand hopes
Categories: News Flash
Date: Jan 30, 2024
Asia’s very low sulphur fuel oil (VLSFO) market inched higher on Monday on the back of growing de...
Baltic index slips as bigger vessel rates fall
Categories: News Flash
Date: Jan 30, 2024
The Baltic Exchange’s dry bulk sea freight index fell on Monday, logging its worst session in two...
Korean Shipbuilders Sweep Orders for VLACs
Categories: News Flash
Date: Jan 29, 2024
Korean shipbuilders have won all the orders for very large ammonia carriers (VLACs) ordered this ye...
Stitching together a new era of streamlined supply chains
Categories: News Flash
Date: Jan 29, 2024
The background A renowned American fashion giant found itself tangled in a knotty supply chain c...
Israel’s Ashdod port sees strategic risk from China during Gaza war
Categories: News Flash
Date: Jan 29, 2024
Israel’s government-run port of Ashdod has complained that a rival Chinese-run terminal at the no...
US LPG, LNG freights diminish despite Red Sea attacks
Categories: News Flash
Date: Jan 29, 2024
LPG and LNG freight rates to Europe remain depressed on slim demand and full storages, with the imp...
Navig8 takes delivery of the first of six Eco-friendly newbuild MR IMO 2 vessels
Categories: News Flash
Date: Jan 29, 2024
The Navig8 Excel will utilise a range of technologies that improve operational efficiency, lessen f...
Trafigura assesses Red Sea risks after tanker attacked by Houthis
Categories: News Flash
Date: Jan 29, 2024
Commodities trader Trafigura said on Saturday it was assessing the security risks of further Red S...
Clean LR2 freight at almost four-year highs as Red Sea conflict squeezes supply
Categories: News Flash
Date: Jan 29, 2024
Clean tankers’ freight rate for Europe-bound voyages Jan. 25 hit its highest level in almost four...
Red Sea, Black Sea and Panama Canal: UNCTAD raises alarm on global trade disruptions
Categories: News Flash
Date: Jan 29, 2024
The UN’s trade and development body, UNCTAD, has raised profound concerns over escalating disrupt...
Shipping transits through Suez Canal plunge 42% amid Houthi attacks
Categories: News Flash
Date: Jan 29, 2024
Weekly shipping transits through the Suez Canal, a vital trade link between Europe and Asia, plunge...
Sanctions squeezing Sibur’s supply of tankers for Ust-Luga LPG, sources say
Categories: News Flash
Date: Jan 29, 2024
Russia’s largest petrochemical company and exporter of liquefied petroleum gas (LPG) Sibur is red...
U.S. monthly dry natural gas production set a new record in December 2023
Categories: News Flash
Date: Jan 25, 2024
U.S. dry natural gas production in the Lower 48 states reached an all-time monthly high of 105.5 bi...
Iron ore extends gain as China pledges lift sentiment
Categories: News Flash
Date: Jan 25, 2024
Iron ore futures climbed for the second consecutive session on Wednesday, aided by improved risk se...
Russia’s place as top crude supplier to India under pressure for first time since October 2022
Categories: News Flash
Date: Jan 25, 2024
An increase in Iraqi crude volumes this month means that Russian crude may be eclipsed as India’s...
MISC Group Continues Its Growth Agenda, Supporting Energy Security and Transition Initiatives Responsibly and Sustainably
Categories: News Flash
Date: Jan 25, 2024
The MISC Group (The Group) today strengthens its position as a progressive maritime conglomerate wi...
ABB to acquire weather routing business to expand marine software portfolio
Categories: News Flash
Date: Jan 25, 2024
ABB to expand offering to vessel weather routing, analytics, reporting and shore-based support thro...
Asia Fuel Oil-VLSFO rebounds despite latest Al Zour tender
Categories: News Flash
Date: Jan 25, 2024
The cash premium for very low sulphur fuel oil (VLSFO) rebounded in Asia on Wednesday despite a spo...
Eurozone PMIs show very tentative signs of bottoming out
Categories: News Flash
Date: Jan 25, 2024
How you read today’s PMI release for the eurozone reveals whether you’re an optimist or a pessi...
Red Sea shipping stages fragile uptick as US continues to hit Houthi sites
Categories: News Flash
Date: Jan 25, 2024
Tanker and commercial shipping traffic through the Red Sea show signs of a fragile recovery from re...
As more tankers divert from Suez Canal, there’s a ‘sea change’ in way Europe is buying crude
Categories: News Flash
Date: Jan 25, 2024
Energy prices for Europe are expected to increase as more petroleum products and crude tankers are ...
Baltic index rises on higher freight activity, fewer ships
Categories: News Flash
Date: Jan 25, 2024
The Baltic Exchange’s dry bulk sea freight index climbed on Wednesday, as rates across ship segme...
Foreign direct investment in developing economies fell 9% in 2023
Categories: News Flash
Date: Jan 24, 2024
Foreign direct investment (FDI) flows to developing countries fell by 9% to $841 billion in 2023, a...
Russia’s Ust-Luga port continues crude, fuel exports while Novatek terminal shut
Categories: News Flash
Date: Jan 24, 2024
The Baltic Sea port of Ust-Luga was exporting crude oil and fuel on Tuesday apart from at Novatek...
Iron ore climbs to over one-week high as China pledges to stabilise market
Categories: News Flash
Date: Jan 24, 2024
Iron ore futures climbed on Tuesday to their highest level in more than a week, as investor confide...
CMA CGM SCANDOLA, the Group’s first LNG-powered containership to call West African Ports
Categories: News Flash
Date: Jan 24, 2024
The CMA CGM Group, a global player in sea, land, air and logistics solutions, announces the upcomin...
GTMaritime adds Greek office and sales management experience to meet growing demand for services
Categories: News Flash
Date: Jan 24, 2024
Leading provider of secure maritime data communications software, GTMaritime, has responded to grow...
WinGD X-DF advances underpin QatarEnergy phase two success
Categories: News Flash
Date: Jan 24, 2024
Swiss marine power company WinGD is expecting to secure the majority of dual-fuel engine orders for...
Marasco Marine Ltd: Cultivating a Legacy of Risk Prevention in Maritime Ventures
Categories: News Flash
Date: Jan 24, 2024
In the ever-evolving and challenging seas of the maritime industry, Marasco Marine Ltd distinguishe...
Baltic index slips on weaker capesize rates
Categories: News Flash
Date: Jan 24, 2024
The Baltic Exchange’s dry bulk sea freight index slipped on Tuesday and snapped a three-session w...
Asia Fuel Oil-Spot market rangebound; heavy supply arrivals cap recovery
Categories: News Flash
Date: Jan 24, 2024
Spot fuel oil premiums were rangebound in Asia on Tuesday, with heavy supply arrivals capping poten...