News Flash
Iron ore rally cools as traders assess China demand prospects
Categories: News Flash
Date: Sep 06, 2023
Dalian iron ore dipped on Tuesday while the Singapore benchmark trimmed gains, as traders weighed C...
Global refining output seen staying near full capacity on high margins
Categories: News Flash
Date: Sep 06, 2023
Refiners globally are expected to run at near full capacity in the near term to seize strong margin...
BIMCO: Tanker Shipping Market Prospects Are Looking Positive
Categories: News Flash
Date: Sep 06, 2023
We forecast that the crude tanker market will see cargo volume growth of between 2.0% and 3.0% in 2...
Venezuela’s August oil exports slump 38% as crude upgrading falls short
Categories: News Flash
Date: Sep 05, 2023
Venezuela’s oil exports in August fell 38% from a three-year high in July as state-run oil compan...
Höegh LNG and Aker BP Form Strategic Partnership for Carbon Transport and Storage Solutions
Categories: News Flash
Date: Sep 05, 2023
Höegh LNG and Aker BP have entered a strategic partnership to develop a fully comprehensive carbo...
Iron ore gains as China property stimulus in focus
Categories: News Flash
Date: Sep 05, 2023
Iron ore futures clung to modest gains on Monday amid optimism over top global steel producer Chin...
G7 oil price cap effective in cutting Russian revenue -Treasury official
Categories: News Flash
Date: Sep 05, 2023
The Group of Seven’s price cap on Russian oil is still effective in limiting Russia’s revenue a...
Gard Delivers Strong Half-Year Results Despite Market Adjustments
Categories: News Flash
Date: Sep 05, 2023
The group’s half-year results for the period 1 January 2023 to 30 June 2023, on an Estimated Tota...
Saudi Arabia shipped less oil in August as OPEC cuts continue
Categories: News Flash
Date: Sep 05, 2023
Saudi Arabia shipped 175.22 million barrels of crude oil in August 2023, over 31 million barrels le...
Ukraine limits cargo shipments to Danube port after Russian strikes
Categories: News Flash
Date: Sep 05, 2023
Ukrainian railways have partially restricted cargo shipments to Ukraine’s major Danube River port...
Asia Fuel Oil-Cash differentials dip on softer market structure
Categories: News Flash
Date: Sep 05, 2023
Fuel oil cash differentials fell in Asia on Monday after the market structure weakened for the prom...
SEACON and Columbia Ship Management Join Forces in Strategic Cooperation Agreement
Categories: News Flash
Date: Sep 05, 2023
SEACON and Colombia Ship Management (CSM) signed a strategic cooperation agreement in Shanghai. ...
Higher capesize rates help Baltic index snap 3-session losing streak
Categories: News Flash
Date: Sep 05, 2023
The Baltic Exchange’s main sea freight index.BADI, tracking rates for ships carrying dry bulk com...
The prospect of strong El Niño weighs on U.S. gas prices
Categories: News Flash
Date: Sep 04, 2023
Rapidly forming El Niño conditions over the central and eastern Pacific Ocean have increased the p...
US crude stocks to fall further, end below year-ago levels, say analysts
Categories: News Flash
Date: Sep 04, 2023
U.S. crude oil stocks have fallen to their lowest level this year and likely will shrink further, a...
Pakistan coal market pressured amid economic turmoil
Categories: News Flash
Date: Sep 04, 2023
Pakistan’s thermal coal market has been under pressure recently amid ongoing economic turmoil tha...
Greensea Systems, Inc. Transforms into Greensea IQ: A Unified Vision for Ocean Robotics
Categories: News Flash
Date: Sep 04, 2023
Ocean robotics pioneer Greensea Systems Inc., is delighted to announce its transformation into Gree...
Oil loadings from Russia’s western ports to rise 17% in Sept/Aug -sources
Categories: News Flash
Date: Sep 04, 2023
Russia’s seaborne oil exports and transit from its western ports will rise by some 17% on a daily...
Russian drone attack in Odesa region hits Danube port infrastructure – Ukraine
Categories: News Flash
Date: Sep 04, 2023
Russia launched a 3 1/2-hour drone attack on the southern parts of the Odesa region early on Sunday...
Iron ore rally defies gloomy Chinese economic outlook
Categories: News Flash
Date: Sep 04, 2023
Iron ore prices have rallied despite flagging steel demand from the ailing Chinese property sector ...
Two more ships pass through Black Sea corridor -Zelenskiy
Categories: News Flash
Date: Sep 04, 2023
Ukrainian President Volodymyr Zelenskiy said on Saturday that two more ships had passed through a ...
Vessel wait times at Panama Canal increased more than 40% in August
Categories: News Flash
Date: Sep 04, 2023
The average wait time for non-booked vessels at the Panama Canal jumped by between 44% and 59% last...
The Hong Kong Convention, EU regulation and outstanding legal issues in various states
Categories: News Flash
Date: Sep 04, 2023
With the accessions of Bangladesh and Liberia as contract parties, the Hong Kong Convention (“HKC...
Asia Fuel Oil-Refining margins post monthly declines
Categories: News Flash
Date: Sep 01, 2023
Asia’s refining margins for fuel oil posted monthly declines in August, data showed on Thursday. ...
Wärtsilä LNG Fuel Gas Supply Systems continue to be the choice for CMA CGM newbuild vessels
Categories: News Flash
Date: Sep 01, 2023
Technology group Wärtsilä will supply the LNG Fuel Gas Supply (FGSS) systems for four new 23k TEU...
India’s Russian oil imports fall to 7-month low, Saudi jumps – trade flows
Categories: News Flash
Date: Sep 01, 2023
India’s imports of Russian oil fell in August to a seven-month low as refiners curbed purchases d...
IBIA announces Alexander Prokopakis as Executive Director
Categories: News Flash
Date: Sep 01, 2023
The International Bunker Industry Association (IBIA) is delighted to announce the appointment of Al...
EU purchases of Russian LNG up 40% compared to pre-war levels, new study finds
Categories: News Flash
Date: Sep 01, 2023
The European Union vowed to drastically cut imports of gas from Moscow over its invasion of Ukraine...
Iron ore jumps to five-week high on improved China data, stimulus
Categories: News Flash
Date: Sep 01, 2023
Iron ore futures rallied on Thursday to their highest in five weeks, underpinned by better-than-exp...
Market update: WTI crude oil price may extend push higher as retail traders turn bearish
Categories: News Flash
Date: Sep 01, 2023
Crude continues its winnng streak Crude oil prices extended higher over the past 24 hours, conti...
Middle East Crude-Oman, Murban edge lower; ESPO prices rise in China
Categories: News Flash
Date: Sep 01, 2023
Middle East crude benchmarks Oman and Murban fell in the last trading session in August as trades w...
Decline in bigger vessels drags Baltic index to monthly dip
Categories: News Flash
Date: Sep 01, 2023
The Baltic exchange’s main sea freight index tracing rates for ships ferrying dry bulk commoditie...