News Flash
Tanker Trade: The Impact of Canada’s Trans Mountain Pipeline
Categories: News Flash
Date: Nov 09, 2024
The expansion of Canada’s Trans Mountain Pipeline (TMX) is set to reshape the North American oil l...
Asia Distillates-Dec spot liquidity rises; demand worries prevalent
Categories: News Flash
Date: Nov 09, 2024
Asia’s middle distillates markets saw more December discussions during the week, though cautiousne...
Higher quotations across a range of commodities push the FAO Food Price Index to its highest level in 18 months
Categories: News Flash
Date: Nov 09, 2024
The FAO Food Price Index (FFPI) averaged 127.4 points in October 2024, up 2 percent from its revised...
Iron ore falls ahead of China unveiling fresh fiscal stimulus
Categories: News Flash
Date: Nov 09, 2024
Iron ore futures slid on Friday, as investors adopted a cautious stance amid continuously falling de...
HD Korea Shipbuilding & Offshore Engineering Announces New Contract for 4 LNG Bunkering Vessels
Categories: News Flash
Date: Nov 09, 2024
HD Korea Shipbuilding & Offshore Engineering, the intermediate holding company of HD Hyundai spe...
E2open Ocean Shipping Index Cites Ongoing Conflict, Extreme Weather and Threat of Labor Strikes as Key Drivers of Port Congestion and Longer Transit Times
Categories: News Flash
Date: Nov 09, 2024
E2open Parent Holdings, Inc. (NYSE: ETWO), the connected supply chain SaaS platform with the largest...
Asia Fuel Oil-Spot 380-cst premiums slip for first in 5 weeks; Hi-5 narrows
Categories: News Flash
Date: Nov 09, 2024
Asia’s 380-cst high sulphur fuel oil (HSFO) cash premiums slipped for the first time in five weeks...
ETF Urges Stricter Regulations and Accountability for Shadow Fleet Operations
Categories: News Flash
Date: Nov 09, 2024
The European Transport Workers’ Federation (ETF) is calling for urgent action to combat the rise o...
Baltic index posts gains as capesize rates rise
Categories: News Flash
Date: Nov 09, 2024
The Baltic Exchange’s dry bulk sea freight index rose on Friday, buoyed by gains across the capesi...
Vitol CEO sees $70-$80/bbl oil prices in 2025, flags supply uncertainty
Categories: News Flash
Date: Nov 08, 2024
Global oil prices are expected to stay in the $70 to $80 per barrel range in 2025, similar to 2024, ...
Trump and Republican victories spark commodity decline amid tariff and growth concerns
Categories: News Flash
Date: Nov 08, 2024
Global financial markets have reacted, in some cases aggressively, as the US election results increa...
Iron ore rebounds as Trump win re-ignites China stimulus hopes
Categories: News Flash
Date: Nov 08, 2024
Iron ore futures recovered on Thursday, as Donald Trump winning the U.S. presidential election heigh...
U.S.-Korea Shipbuilding Collaboration Prompts Stock Rally
Categories: News Flash
Date: Nov 08, 2024
Korean shipbuilding stocks experienced a significant surge on Nov. 7 following remarks by U.S. Presi...
ExxonMobil successfully supplies Hapag-Lloyd with B25[1] bio marine fuel blend in Antwerp
Categories: News Flash
Date: Nov 08, 2024
Hapag-Lloyd’s vessel Colorado Express has successfully bunkered a B25 bio marine fuel blend compri...
Gasum selects Wärtsilä for another bioLNG project in Sweden
Categories: News Flash
Date: Nov 08, 2024
Wärtsilä Gas Solutions, part of technology group Wärtsilä, will supply Nordic energy company Gas...
Asia Fuel Oil-Spot 380-cst premiums slip to two-week low; SG exports dip
Categories: News Flash
Date: Nov 08, 2024
Asia’s cash premiums for 380-cst high sulphur fuel oil (HSFO) slipped to a two-week low, as sellin...
Clean Maritime Fuels Platform: EU policymakers should unlock investments in production of clean maritime fuels
Categories: News Flash
Date: Nov 08, 2024
Clean Maritime Fuels Platform calls on the policymakers to create the regulatory conditions to unloc...
China’s Nov iron ore imports stay at elevated level on improving margins
Categories: News Flash
Date: Nov 08, 2024
China’s iron ore imports in November climbed 3.4% from October, customs data showed on Thursday, a...
Baltic Index Gains as Capesize Rates Rise
Categories: News Flash
Date: Nov 08, 2024
The Baltic Exchange’s dry bulk sea freight index rose on Thursday, supported by gains in the capes...
Ammonia dual-fuel box ship design earns class nod
Categories: News Flash
Date: Nov 07, 2024
Industry heavyweights have collaborated on the design of a 15,300-TEU ammonia powered dual-fuel cont...
IEA Predicts 90% Drop in Shipping Emissions by 2050. Can Maersk’s Bio-Methanol Deal be a Game-Changer?
Categories: News Flash
Date: Nov 07, 2024
The shipping industry is an integral part of international trade. Over the past 40 years, global mar...
Hapag-Lloyd christens LNG-fuelled 23,000TEU boxship
Categories: News Flash
Date: Nov 07, 2024
Hamburg Express belongs to a series of 12 ships that also includes Singapore Express, which was de...
Intra-Asia Container Shipping market outpaces global growth – Drewry launches new intra-Asia online service
Categories: News Flash
Date: Nov 07, 2024
Dewry’s new online Intra-Asia Container Market Insight service confirms that growth in the intra-A...
PIL accelerates fleet renewal with order for five more LNG Dual-Fuel Vessels
Categories: News Flash
Date: Nov 07, 2024
Pacific International Lines (PIL) is accelerating the renewal of its fleet with an order for anothe...
British Columbia ports head toward lockout as labor talks stall
Categories: News Flash
Date: Nov 07, 2024
British Columbia ports head toward a lockout on Nov. 4 as negotiations between the International Lo...
Evergreen Marine earns $30M from sale of 28-year-old Vintage Panamax Container Ship
Categories: News Flash
Date: Nov 07, 2024
Evergreen has secured an impressive $30 million from the sale of the 1996-built, 5,364 TEU Ever Un...
Double pricing of greenhouse gas emissions in shipping: Competitiveness, climate, and what to do about it
Categories: News Flash
Date: Nov 07, 2024
International shipping is the backbone of the global economy, accounting for about 80% of internatio...
MAWANI unveils Emirates Shipping Line’s new service
Categories: News Flash
Date: Nov 07, 2024
The new shipping route connects Jeddah Islamic Port to the ports of Jebel Ali in the UAE, Abqa in Jo...
‘Not Norway, India should follow Chinese model for shipping and ports’, says Naveen Kolathur at THE WEEK Maritime Conclave 2024
Categories: News Flash
Date: Nov 07, 2024
Norway has created a separate bank just to promote the shipping industry. Singapore also has a succe...
Start-up SeaO₂ secures €2+ million investment to extract 1 gigaton of CO₂ out of the sea by 2045
Categories: News Flash
Date: Nov 06, 2024
Dutch startup SeaO₂, specialising in innovative carbon (CO₂) removal technology from seawater, a...
TORM plc capital increase in connection with delivery of one 2015-built MR vessel
Categories: News Flash
Date: Nov 06, 2024
With reference to Company Announcement no. 30 dated 15 July 2024 where TORM plc ("TORM") announced t...
Freight Investor Services launches enhanced FIS Live App V2
Categories: News Flash
Date: Nov 06, 2024
Freight Investor Services (FIS), a world-leading brokerage and service provider in freight and commo...