News Flash
Plaquemines Port and APM Terminals Unveil Strategic Partnership to Develop a Major Container Terminal
Categories: News Flash
Date: Jan 15, 2024
Plaquemines Port Harbor and Terminal District (Plaquemines Port) proudly announces the execution of...
MAN Energy Solutions and Karpowership signed a contract for 48 dual-fuel engines
Categories: News Flash
Date: Jan 15, 2024
MAN Energy Solutions and Karpowership have signed a contract for the delivery of a total of 48 dual...
Daring to question the markets’ rate expectations.
Categories: News Flash
Date: Jan 15, 2024
Call us daredevils. The new year started with the global economy’s same old problems: hig...
Asia spot prices fall to a 7-month low as stocks remain plentiful
Categories: News Flash
Date: Jan 15, 2024
Asian spot Liquefied Natural Gas (LNG) prices slid for an eighth consecutive week to hit their lowe...
Middle East crisis: US and UK can’t allow one of the busiest shipping lanes to become the Wild West
Categories: News Flash
Date: Jan 15, 2024
One of the world’s busiest shipping lanes can’t just become the Wild West that’s the rational...
Decision time for oil and gas companies in 2024
Categories: News Flash
Date: Jan 15, 2024
The corporate oil and gas sector faces a year of big decisions in 2024. Consolidation will remain i...
Container rates soar on concerns of prolonged Red Sea disruption
Categories: News Flash
Date: Jan 15, 2024
Container shipping rates for key global routes have soared this week, with U.S. and UK air strikes ...
Top bunker hub Singapore marine fuel sales hit a record high in 2023
Categories: News Flash
Date: Jan 15, 2024
Marine fuel sales at world’s leading bunkering hub in Singapore hit a record high last year, offi...
What an ‘India Club’ means for the country’s shipping industry
Categories: News Flash
Date: Jan 15, 2024
India plans to set up its own protection and indemnity (P&l) entity—the India Club—for prov...
Maersk to use rail to bypass Panama Canal amid drought
Categories: News Flash
Date: Jan 12, 2024
A.P. Moller-Maersk will use trains to avoid the drought-hit Panama Canal for some of its vessels, t...
Global shipping rates set to jump as carriers avoid the Red Sea amid Houthi attacks
Categories: News Flash
Date: Jan 12, 2024
The global supply chain is feeling the fallout from Iran-backed Houthi rebels attacking vessels in ...
Commander of AFU Navy: Talks underway, incl. on attracting NATO ships to ensure safety of civilian shipping to Ukrainian ports
Categories: News Flash
Date: Jan 12, 2024
Negotiations are underway, including on attracting NATO ships to ensure the safety of civilian ship...
Baltic index falls for fourth straight day on weaker rates
Categories: News Flash
Date: Jan 12, 2024
The Baltic Exchange’s dry bulk sea freight index slumped on Thursday for the fourth straight sess...
IMF says the global economy to stay ‘resilient’ in 2024 but grow too slowly.
Categories: News Flash
Date: Jan 12, 2024
Global economic growth will remain “resilient” this year after a stronger-than-expected 2023, t...
Iron ore rebounds on renewed hopes of China stimulus
Categories: News Flash
Date: Jan 12, 2024
Iron ore futures prices recouped losses on Thursday, after falling for five straight sessions, hel...
MABUX: Global bunker Prices Expected to Stabilize Next Week
Categories: News Flash
Date: Jan 12, 2024
The Global bunker market continued its recovery in 2023 with a moderate correction downwards follow...
Maersk Tankers and Penfield Marine to create a tanker company with a unique reach
Categories: News Flash
Date: Jan 12, 2024
Maersk Tankers has acquired Penfield Marine to create a large-scale crude and product tanker compan...
Asia Fuel Oil-Market retains downside risk; onshore stocks extend gains
Categories: News Flash
Date: Jan 12, 2024
The fuel oil market in Asia remained at the risk of downside as of Thursday, while onshore stockpil...
Chinese refiners ask for less Saudi crude oil for Feb
Categories: News Flash
Date: Jan 12, 2024
Chinese refiners asked for less Saudi crude oil for February, people with knowledge of the matter s...
Tighter fleet capacity, geopolitical issues, longer voyages to boost 2024 tanker freight
Categories: News Flash
Date: Jan 10, 2024
Tightening fleet capacity, lingering geopolitical conflicts and robust US crude exports are expecte...
Proven MAN EGR Incentivises Continuous ME-GA Engine Orders
Categories: News Flash
Date: Jan 10, 2024
Nippon Yusen Kaisha (NYK), the major Japanese shipping company and among the world’s largest owne...
Asia Fuel Oil-Premiums rangebound; 180-cst HSFO trade emerges
Categories: News Flash
Date: Jan 10, 2024
Cash premiums for fuel oil were rangebound in single-digit premiums in Asia, though a rare trade fo...
Baltic index logs biggest fall in a month on slipping vessel rates
Categories: News Flash
Date: Jan 10, 2024
The Baltic Exchange’s dry bulk sea freight index fell on Tuesday to a nearly seven-week low in it...
Russia lifts exchange-rate-linked duty on most coal exports
Categories: News Flash
Date: Jan 10, 2024
Russia has lifted duties linked to the rouble-dollar exchange rate on most coal exports, according ...
Japanese Q1 aluminum premium down 7.2% to $90/mt CIF Japan
Categories: News Flash
Date: Jan 10, 2024
Platts, part of S&P Global Commodity Insights, assessed the first-quarter premium for imported ...
Indian refiners set to ask for extra Saudi oil after sharp price cut
Categories: News Flash
Date: Jan 10, 2024
Two Indian state refiners are seeking to boost imports of Saudi crude oil after the kingdom cut the...
Iron ore extends decline as mills’ pre-holiday replenishment slows
Categories: News Flash
Date: Jan 10, 2024
Iron ore futures fell on Tuesday for a fourth consecutive session, albeit at a slower pace, as stee...
Korean Shipping Companies Face Soaring Challenges as Q4 Performance Takes a Downturn
Categories: News Flash
Date: Jan 10, 2024
In the fourth quarter of last year, the annual performance of South Korea’s largest container shi...
Green ammonia could decarbonize 60% of global shipping when offered at just 10 regional fuel ports.
Categories: News Flash
Date: Jan 10, 2024
A study published today in IOP Publishing’s journal Environmental Research: Infrastructure and Su...
Middle East Crude-Benchmarks extend gains as arbitrage window shuts; Saudi Arabia cuts OSPs
Categories: News Flash
Date: Jan 09, 2024
Middle East crude benchmarks Oman, Dubai and Murban extended gains on Monday as the arbitrage windo...
Last of the good times in LNG as supply wave looms
Categories: News Flash
Date: Jan 09, 2024
A wave of new supply of liquefied natural gas is set to hit global markets late this year, making 2...
China’s shipbuilding industry surges ahead, with orders scheduled for 2028
Categories: News Flash
Date: Jan 09, 2024
China’s shipping industry saw robust growth in 2023, prompting shipowners around the globe to pla...