News Flash
South East Asia set to enter coal importer big leagues
Categories: News Flash
Date: May 15, 2023
Southeast Asia only accounts for around 12% of global thermal coal imports, so is often overshadowe...
Iron ore wobbles on China demand concerns, stimulus hopes
Categories: News Flash
Date: May 13, 2023
Iron ore futures fell on Friday, as traders worried about a dim demand outlook in top steel pro...
India’s April palm oil imports slump 30% to 14-month low
Categories: News Flash
Date: May 13, 2023
India’s palm oil imports in April slumped 30% from a month earlier to hit a 14-month low, as the ...
COSCO SHIPPING Ports announces that the German Government confirms the approval of the investment by the Company in 24.99% equity interest of Hamburg Port Container Terminal Tollerort
Categories: News Flash
Date: May 13, 2023
COSCO SHIPPING Ports Limited (‘CSPL’ or ‘the Company’) announces that on 10 May, the Ge...
EXMAR Reports Higher First Quarter Revenues
Categories: News Flash
Date: May 13, 2023
The Executive Committee of EXMAR NV today reports its first quarter results 2023 KEY EVENTS FIRS...
Baltic Exchange assurance engagement for Ocean Bulk completed by PWC
Categories: News Flash
Date: May 13, 2023
PricewaterhouseCoopers LLP (PwC) have recently completed the third independent assurance audit of B...
China steps up sampling of soy cargoes, adding to costly delays, traders say
Categories: News Flash
Date: May 13, 2023
China is significantly increasing the rate of inspections on imported soybean cargoes, three soybea...
Bankrupt Bed Bath & Beyond goes after container shipping lines
Categories: News Flash
Date: May 13, 2023
Bed Bath & Beyond filed for bankruptcy protection on April 23 and is closing all 475 of its...
VLSFO steady; market awaits fresh tenders from Kuwait’s Al Zour
Categories: News Flash
Date: May 13, 2023
Asia’s very-low sulphur fuel oil (VLSFO) benchmarks held stable on Friday, with activity largely ...
Panama concludes update of the General Merchant Marine Law
Categories: News Flash
Date: May 13, 2023
The Panama Maritime Authority (AMP) and Panama’s main maritime associations concluded the meeting...
Box rates not sustainable amid inflation pressure: Hapag-Lloyd
Categories: News Flash
Date: May 13, 2023
Container shipping rates have weakened to a level “not sustainable” for box carriers in the lon...
Global Ship Lease: Normalization of Rates and Asset Prices Continued During First Quarter of 2023
Categories: News Flash
Date: May 12, 2023
Global Ship Lease, Inc., an owner of containerships, announced today its unaudited results for ...
Hapag-Lloyd Q1 2023: good resilience in weaker market environment
Categories: News Flash
Date: May 12, 2023
Hapag-Lloyd has concluded the first quarter of 2023 with an EBITDA of USD 2.4 billion (EUR 2.2 bill...
Seanergy Maritime Successfully Completes $54 million Refinancing Transactions for 3 Capesize Vessels with Significant Cost and Liquidity Benefits for the Company
Categories: News Flash
Date: May 12, 2023
Seanergy Maritime Holdings Corp. announced today that, pursuant to its strategy of pursuing attract...
TORM: Freight Rates During First Quarter Were Three Times Higher Year-on-Year
Categories: News Flash
Date: May 12, 2023
“During the first quarter of 2023, we saw a sustained strong product tanker market with high vola...
Talks on extending Ukraine grain deal look at U.N. proposals
Categories: News Flash
Date: May 12, 2023
Ukraine, Russia, Turkey and the United Nations discussed on Thursday U.N. proposals to extend a dea...
Euronav: Tanker Market To Grow for Many Years to Come
Categories: News Flash
Date: May 12, 2023
Euronav NV reported its non-audited financial results today for the first quarter ended 31 March 20...
Cash premiums, margins steady; Singapore inventories ease further
Categories: News Flash
Date: May 12, 2023
Asia’s fuel oil market was little changed on Thursday, while residual fuel oil stocks at Singapor...
MABUX: Bunker Prices Expected to Stabilize Next Week
Categories: News Flash
Date: May 12, 2023
Over Week 19, the global MABUX bunker indices showed a moderate upward correction. The 380 HSFO ind...
Jotun: Committed to cleaner shipping
Categories: News Flash
Date: May 12, 2023
As the world’s leading supplier of marine coatings, Jotun partners with a broad range of stakehol...
Safe Bulkers, Inc. Focusing on Green Retrofits of its Fleet of Bulkers
Categories: News Flash
Date: May 12, 2023
Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announ...
Vopak opens new infrastructure to support sustainable energy production in the port of Rotterdam
Categories: News Flash
Date: May 11, 2023
Today Vopak celebrates the opening of 16 new tanks with a combined capacity of 64,000 cubic meters ...
Port of Newcastle commits to global hydrogen partnership
Categories: News Flash
Date: May 11, 2023
Port of Newcastle has today joined forces with ten global energy enablers to commit to the Platform...
Iron ore holds ground on renewed China demand optimism
Categories: News Flash
Date: May 11, 2023
Benchmark iron ore futures held their ground on Wednesday, supported by renewed optimism around dem...
ABS Explores Near-Shore Green Hydrogen Production in Korea
Categories: News Flash
Date: May 11, 2023
ABS joined Korean industry leaders in the signing of a memorandum of understanding (MOU) to produce...
India eyes green hydrogen bunkering at major ports by 2035
Categories: News Flash
Date: May 11, 2023
India has set a deadline of 2035 to establish green hydrogen bunkering and refuelling facilities at...
Korean Shipbuilders’ Fully Booked Dockyards Give Chinese Shipbuilders Reflective Benefits
Categories: News Flash
Date: May 11, 2023
New ship orders are plummeting around the world. Korean shipbuilders with their saturated shipyard ...
Engine: Europe & Africa Bunker Fuel Availability Outlook
Categories: News Flash
Date: May 11, 2023
Northwest Europe Securing prompt deliveries of VLSFO and HSFO can be difficult in Rotterdam and ...
Spot market steady to firmer; more June tenders underway
Categories: News Flash
Date: May 11, 2023
Asia’s spot fuel oil market was steady to firmer on Wednesday as market backwardation firmed, whi...
China’s imports of major commodities lose steam in April
Categories: News Flash
Date: May 11, 2023
China’s imports of major commodities lost momentum in April as the strong start to the year faded...
Shipping stock sell-off: Shares down double digits since March
Categories: News Flash
Date: May 11, 2023
Look at virtually any stock chart in any ocean shipping sector and you’ll see a similar pattern. ...
Enterprise ‘shippers’ seek help with supply chain digital transformation, have budget to spend
Categories: News Flash
Date: May 10, 2023
Shippers — often called beneficial cargo owners or BCOs — are eager to outsource their supply c...