News Flash
Global copper market to see 27,000 metric ton deficit in 2023, says ICSG
Categories: News Flash
Date: Oct 05, 2023
The global copper market is expected to see a deficit of 27,000 metric tons this year and a surplu...
India Cenbank seen holding rates steady Friday but striking hawkish tone
Categories: News Flash
Date: Oct 05, 2023
India’s monetary policy committee is widely expected to keep key rates on hold when it announces ...
Asia Fuel Oil-VLSFO cargo holds firm though bunker premiums lag
Categories: News Flash
Date: Oct 05, 2023
Spot cargo premiums for Asia’s very low sulphur fuel oil market largely held to their recent stre...
Maersk-Backed C2X and the Egyptian Government sign Framework Agreement for the next steps towards large scale green methanol production in Egypt
Categories: News Flash
Date: Oct 05, 2023
In the presence of the Egyptian Prime Minister, C2X today signed a comprehensive Framework Agreemen...
Maersk Tankers ventures into LR1 segment
Categories: News Flash
Date: Oct 05, 2023
Maersk Tankers has launched its first ever pool in the Long-Range 1 (LR1) tanker segment, with Sanm...
Beyond Scarcity: How the Panama Canal Manages the Fresh Water Challenge
Categories: News Flash
Date: Oct 05, 2023
The year 2023 has been particularly dry, according to Panama Canal statistics, primarily due to the...
Baltic index ticks down as panamax losses outweigh capseize gains
Categories: News Flash
Date: Oct 05, 2023
The Baltic Exchange’s main sea freight index edged down on Wednesday, as panamax rates hit a thre...
Asia Fuel Oil-VLSFO firms on tighter supply expectations
Categories: News Flash
Date: Oct 04, 2023
Asia’s very low sulphur fuel oil (VLSFO) market extended gains on Tuesday amid a tighter supply o...
Shipbuilder Damen sues Dutch government over Russia sanctions
Categories: News Flash
Date: Oct 04, 2023
Dutch shipbuilder Damen Shipyards has sued the Dutch government over damages it says it has suffere...
ILWU Dockworkers Union’s Sway at West Coast Ports Is Tested in Bankruptcy
Categories: News Flash
Date: Oct 04, 2023
The West Coast dockworkers union’s bankruptcy filing puts a dent in the armor of one of the count...
Approval in Principle for Methanol Superstorage solution on existing ships
Categories: News Flash
Date: Oct 04, 2023
A new and space-efficient retrofit methanol storage solution from SRC Group has received Approval i...
US LNG exports slump in September as plant outages pare output
Categories: News Flash
Date: Oct 04, 2023
U.S. exports of liquefied natural gas (LNG) fell modestly in September from August as scattered out...
WFW enhances Athens maritime offering with new partner and team hire
Categories: News Flash
Date: Oct 04, 2023
Watson Farley & Williams (“WFW”) is pleased to announce that maritime expert and asset fina...
Venezuela’s September oil exports hit second highest this year
Categories: News Flash
Date: Oct 04, 2023
Venezuela’s oil exports in September topped 800,000 barrels per day (bpd), the second-highest mon...
‘Evenly balanced’ risks mean lower commodity prices, but robust volumes
Categories: News Flash
Date: Oct 04, 2023
The heat is coming out of global commodity prices and the risks to the outlook are “evenly balanc...
India’s crude oil imports from Saudi Arabia drop 36% in September
Categories: News Flash
Date: Oct 04, 2023
India saw a significant drop in crude oil imports from Saudi Arabia in September, with a notable de...
Baltic index hits over 11-month peak on Capesize strength
Categories: News Flash
Date: Oct 04, 2023
The Baltic Exchange’s main dry bulk sea freight index .BADI rose to its highest in over 11-month ...
Platts launches East China LNG bunker assessment
Categories: News Flash
Date: Oct 03, 2023
Platts, part of S&P Global Commodity Insights, has launched a daily LNG bunker fuel price asses...
Shipping must become green but also remain safe
Categories: News Flash
Date: Oct 03, 2023
Danish Shipping has been working in recent weeks to establish guidelines for the new green fuels at...
Mitsubishi Shipbuilding Delivers LNG Fuel Gas Supply System (FGSS) for LNG-fueled Car Carriers Built by Shin Kurushima Dockyard Co., Ltd.
Categories: News Flash
Date: Oct 03, 2023
Mitsubishi Shipbuilding Co., Ltd., a Mitsubishi Heavy Industries (MHI) Group company based in Yokoh...
U.S. petroleum product exports set new record in the first half of 2023
Categories: News Flash
Date: Oct 03, 2023
U.S. petroleum product exports totaled nearly 6.0 million barrels per day (b/d) in the first half o...
Shipper MSC to buy 50% stake in Italian passenger rail group Italo
Categories: News Flash
Date: Oct 03, 2023
Shipping group MSC has entered into a binding agreement to acquire a 50% stake in Italian passenger...
Panama Canal” Vessels In Queue Lower Than Last Year’s
Categories: News Flash
Date: Oct 03, 2023
The Panama Canal’s budget for fiscal year 2024 begins next Sunday, as the authority will continue...
Asia’s crude oil imports slip in Sept as price hike bites
Categories: News Flash
Date: Oct 03, 2023
Asia’s crude oil imports slipped for a second consecutive month in September as refinery maintena...
OSV Market In Complete Turnaround of Fortunes
Categories: News Flash
Date: Oct 03, 2023
The OSV (Offshore Support Vessel) is in a state of complete recovery from the lows of the past coup...
Asia Fuel Oil-HSFO cash premiums fall, timespreads crunch
Categories: News Flash
Date: Oct 03, 2023
Asia’s high sulphur fuel oil market softened on Monday, with cash premiums sliding and backwardat...
Higher capesize rates drive the Baltic index higher
Categories: News Flash
Date: Oct 03, 2023
The Baltic Exchange’s Main Sea Freight Index.BADI, tracking rates for ships carrying dry bulk com...
Shoreline unveils – MARPOL Detention Costs Insurance (MDCI): An essential new insurance solution when faced with expanded U.S. MARPOL investigations
Categories: News Flash
Date: Oct 02, 2023
Shoreline, a leading provider of maritime risk solutions, is proud to introduce its innovative new ...
Ultra low-sulphur diesel loadings from Russia’s Primorsk to fall in Oct -traders
Categories: News Flash
Date: Oct 02, 2023
Ultra low-sulphur diesel (ULSD) loadings from the Russian Baltic Sea port of Primorsk are set to fa...
Navigating Towards Sustainability: Wind-Powered Cargo Ships and the Future of the Shipping Industry
Categories: News Flash
Date: Oct 02, 2023
There’s an undeniable demand for transformative solutions in the shipping sector. Shipping is a m...
Tanker Market Moved Sideways Last Week
Categories: News Flash
Date: Oct 02, 2023
CleanLR2 LR2 freight levels have appeared to have been somewhat unsettled this week with no clea...
Asia’s coal sector sees long, prosperous life despite energy transition
Categories: News Flash
Date: Oct 02, 2023
Asia’s coal sector has gone from thinking they are in terminal decline as the world shifts to a n...