News Flash
Port Houston loaded exports up 10% year-to-date.
Categories: News Flash
Date: Sep 27, 2023
Loaded export volumes at Port Houston are up 10% year-to-date, maintaining the upward trajectory se...
Iron ore is clouded further by a weak demand outlook.
Categories: News Flash
Date: Sep 27, 2023
Iron ore futures extended declines on Tuesday, as investors booked profits ahead of upcoming holida...
OPEC+ production cuts drive up sour crude oil prices around the world.
Categories: News Flash
Date: Sep 26, 2023
Crude oil production cuts among OPEC+ members are limiting the global supply of medium, sour, and h...
Robust exports and stable domestic demand keep China’s steel production strong in 2023
Categories: News Flash
Date: Sep 26, 2023
Robust steel exports from China have emerged as a major driver supporting steel production at a tim...
Baltic index rises to over 4-month high on stronger capesize rates
Categories: News Flash
Date: Sep 26, 2023
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk comm...
Middle East Crude-Dubai and Oman firms; EFS retains volatile swing.
Categories: News Flash
Date: Sep 26, 2023
Middle East crude benchmarks Dubai and Oman rose on Monday, with two cargo deliveries of Upper Zaku...
Asia Fuel Oil-Cash premiums steady, market eyes regional tenders
Categories: News Flash
Date: Sep 26, 2023
regional tenders for October. Cash premium for 0.5% VLSFO was pegged at $8.61 a metric ton, whil...
Russia diesel export curbs to exacerbate tight supply in Asia in Q4
Categories: News Flash
Date: Sep 26, 2023
Russia’s move to temporarily ban diesel exports to ease surging domestic fuel prices could see mo...
Drewry: Port Throughput Index Down 2.1% in July
Categories: News Flash
Date: Sep 26, 2023
The Drewry Container Port Throughput Indices are a series of calendar-adjusted volume growth/declin...
Berlin takes a closer look at the sale of MAN gas turbine division to China
Categories: News Flash
Date: Sep 26, 2023
The German government is taking a closer look at the sale of Volkswagen subsidiary MAN Energy Solut...
MOL, PETRONAS, and MISC Set the Stage for the Development of Liquefied CO2 Carriers
Categories: News Flash
Date: Sep 26, 2023
Mitsui O.S.K. Lines, Ltd. yesterday announced that MOL has principally reached an agreement with tw...
Iron ore hits 2-week low on weak demand, possible steel output curbs
Categories: News Flash
Date: Sep 26, 2023
Iron ore futures fell on Monday, as traders were worried about weaker-than-expected steel consumpt...
Sizzling rally in US energy stocks has room to run, bulls say
Categories: News Flash
Date: Sep 25, 2023
Contrarian investors were rewarded for betting on the beaten down U.S.energy sector earlier this y...
Valenciaport warns of the diversion of traffic to non-EU ports to evade payment for emissions
Categories: News Flash
Date: Sep 25, 2023
Loss of competitiveness, reduction of transhipment business (transfer of cargo from one ship to ano...
Russia still No.1 oil source for India despite fall
Categories: News Flash
Date: Sep 25, 2023
Russia remained the top supplier of crude oil to India in July as it exported crude oil worth $3.37...
Green shipping must be economically sustainable too: Singapore Foreign Minister Vivian Balakrishnan
Categories: News Flash
Date: Sep 25, 2023
Singapore is doing its bit for ocean conservation and sees such efforts as critical to being able t...
Why is the sea so hungry?
Categories: News Flash
Date: Sep 25, 2023
In the 1980s and early 1990s, the world’s merchant fleet lost 130 bulk carriers, in some tragic c...
Shipping: China export rebound doesn’t mean that the halcyon days are back
Categories: News Flash
Date: Sep 25, 2023
A recent bump in shares of Asian shipping companies was spurred by optimism that Chinese exports co...
China: Shipbuilding production, orders surge
Categories: News Flash
Date: Sep 25, 2023
China’s shipbuilding industry recorded sound development in the first eight months, with robust g...
How will marine underwriters capture the benefits of digitalisation?, asks IUMI
Categories: News Flash
Date: Sep 25, 2023
Digitalisation is making significant inroads into many aspects of global shipping and marine insura...
Houston-Japan VLGC freight rates reach multi-year high amid Panama Canal-related delays
Categories: News Flash
Date: Sep 25, 2023
VLGC freight rates from Houston to Chiba, Japan, reached $245/mt Sept. 21 for the first time since ...
Morgan Stanley ups Brent forecasts on Saudi-Russia cuts, says $100/bbl ‘stretched’
Categories: News Flash
Date: Sep 22, 2023
Morgan Stanley has raised its Brent oil price forecasts, saying the market could remain under-suppl...
Russia mulls extra tax for some commodities exports, including metals
Categories: News Flash
Date: Sep 22, 2023
Russia is considering imposing an additional tax tied to the rouble-dollar rate on exports of metal...
Joint Development of AI-Powered Automatic Draft Survey Application
Categories: News Flash
Date: Sep 22, 2023
Kawasaki Kisen Kaisha, Ltd. (“K” LINE), TIS Inc. (“TIS”), and Miotsukushi Analytics Inc. (...
COSCO SHIPPING signs Memorandum of Cooperation on the Construction of a Green Methanol Industrial Chain
Categories: News Flash
Date: Sep 22, 2023
On September 20, China COSCO SHIPPING Corporation Limited (COSCO Shipping), State Power Investment ...
Tanker involved in US seizure of Iran oil cargo changes name
Categories: News Flash
Date: Sep 22, 2023
An oil tanker confiscated by the United States for carrying Iranian oil and diverted to the U.S. Gu...
Asia Fuel Oil-VLSFO dips after recent gains; Singapore inventories climb
Categories: News Flash
Date: Sep 22, 2023
Asia’s very low sulphur fuel oil (VLSFO) market eased on Thursday after earlier gains in the week...
Russia cuts September seaborne diesel exports to meet domestic shortage
Categories: News Flash
Date: Sep 22, 2023
Russia cut its seaborne diesel and gasoil exports by nearly 30% to about 1.7 million metric tons in...
Baltic index snaps 11-session rally as rates for larger vessels ease
Categories: News Flash
Date: Sep 22, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Shipping’s move to net zero is welcome but new risks must be understood and insured, says IUMI President
Categories: News Flash
Date: Sep 22, 2023
IMO’s recent strengthening of its environmental ambitions heralds a significant turning point for...
Samsung Heavy develops laser high-speed welding robot for LNG vessels
Categories: News Flash
Date: Sep 22, 2023
South Korea’s Samsung Heavy Industries said on Thursday that it has developed the maritime sector...
Ships ready to export Ukrainian grain but Russian SWIFT access, insurance remain issues
Categories: News Flash
Date: Sep 21, 2023
Exports of grain from Ukraine are ready to restart using a temporary corridor, with the first dry b...