News Flash
International research consortium launches FUMES 2 to further quantify methane emissions from LNG shipping
Categories: News Flash
Date: Dec 16, 2024
The International Council on Clean Transportation (ICCT) announces the launch of FUMES 2 (Fugitive a...
Rising Trade Tensions May Affect Global Chemical Demand Growth
Categories: News Flash
Date: Dec 16, 2024
Rising trade tension risks could exacerbate the global chemical sector’s challenges, including pre...
Shipping giant Maersk expects strong demand and ‘another year of disruption’ for global trade in 2025
Categories: News Flash
Date: Dec 16, 2024
The past year has been a strong one for North American import trade demand, and that should continue...
VLCC Tanker Market Still Under Pressure
Categories: News Flash
Date: Dec 16, 2024
Clean LR2 An early flutter pushed the MEG LR2’s beginning of this week, only to be recorrect...
Iranian oil prices to China hit new multi-year highs as sanctions hit shipping, sources say
Categories: News Flash
Date: Dec 14, 2024
The price of Iranian crude oil sold to China has risen to the highest in years as fresh U.S. sanctio...
Russia’s November seaborne grain exports jumped by 39.5% to 4.8 mln tons
Categories: News Flash
Date: Dec 14, 2024
Russia’s seaborne grain exports rose 39.5% year-on-year in November to 4.8 million metric tons, sh...
Spiken – Second Groundbreaking Lake Vanern Max Delivered To Erik Thun Group
Categories: News Flash
Date: Dec 14, 2024
Erik Thun Group are proud to announce the delivery of our second groundbreaking vessel, the Lake Van...
Russia to increase oil, gas exports to China in 2025 to sustain income: Tsinghua
Categories: News Flash
Date: Dec 14, 2024
Russia is poised to increase its energy exports, primarily oil and gas, to China in 2025 to sustain ...
MPA Launches EOI for Sea-Based LNG Reloading and Supply of E/Bio-Methane as Marine Fuel in Port of Singapore
Categories: News Flash
Date: Dec 14, 2024
The Maritime and Port Authority of Singapore (MPA) has launched an Expression of Interest (EOI) to e...
Asia Fuel Oil-VLSFO margins log weekly declines
Categories: News Flash
Date: Dec 14, 2024
Asia’s refining margins for very low sulphur fuel oil (VLSFO) logged weekly declines as of Friday,...
TEN Ltd. Reports Reduction of Its Fleet’s Average Carbon Intensity By 19.60% Compared To 2008
Categories: News Flash
Date: Dec 14, 2024
TEN Ltd., a leading diversified crude, product and LNG tanker operator, announced that it has publis...
Revised RightShip Inspection Age Trigger: What It Means for Owners, Managers, and Charterers
Categories: News Flash
Date: Dec 14, 2024
What changes has RightShip made regarding vessel inspection age triggers, and why? RightShip has ...
Zero Emission Port Alliance Releases Key Findings: Demand, Design Standards, And Guidelines For Terminal Infrastructure Upgrading The Electricity Grid
Categories: News Flash
Date: Dec 14, 2024
The 12 members of the Zero Emission Port Alliance (ZEPA) mark a year of collaboration with the relea...
Baltic index logs fourth weekly loss on weaker rates across all vessel segments
Categories: News Flash
Date: Dec 14, 2024
The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transp...
Petrobras signs $2.8 billion deal for 12 new vessels to supply offshore platforms
Categories: News Flash
Date: Dec 13, 2024
Brazil’s state-run oil company Petrobras said on Thursday it has signed a 16.5 billion real ($2.8 ...
lomarlabs and Mythos AI Join Forces to Innovate Maritime Navigation
Categories: News Flash
Date: Dec 13, 2024
Lomar’s corporate venture lab, lomarlabs, and Mythos AI, a leader in advanced autonomous systems, ...
Saudi crude oil supply to China to rebound in Jan vs Dec, sources say
Categories: News Flash
Date: Dec 13, 2024
Saudi Arabia’s crude oil supply to China is set to rebound to a three-month high in January, trade...
ITS Logistics December Port Rail Ramp Index: US West Coast Ports Experience Significant Import Volumes Amid Fears of January ILA Strike
Categories: News Flash
Date: Dec 13, 2024
ITS Logistics today released the December forecast for the ITS Logistics US Port/Rail Ramp Freight I...
Asia Fuel Oil-Markets broadly stable in thin trade
Categories: News Flash
Date: Dec 13, 2024
Asia’s fuel oil benchmarks were rangebound on Thursday amid a backdrop of largely thin trade, whil...
Singapore port authority seeks proposals on scaling up LNG bunker supply
Categories: News Flash
Date: Dec 13, 2024
The Maritime and Port Authority of Singapore (MPA) has launched an expression of interest (EOI) to g...
First SIRE 2.0 Inspections Point To Significant Challenges For Tanker Crews
Categories: News Flash
Date: Dec 13, 2024
Findings from initial SIRE 2.0 inspections following the introduction of the updated vetting procedu...
Maersk sees global container volumes rising as much as 7% in 2025, exec says
Categories: News Flash
Date: Dec 13, 2024
Maersk expects global container market volume rising as much as 7% next year, bolstered by strong de...
MABUX: Bunker Prices Expected to Trend Higher Next Week
Categories: News Flash
Date: Dec 13, 2024
During the 50th week, the MABUX global bunker indices showed a moderate decline. The 380 HSFO index ...
Baltic index falls as all vessel segments post declines
Categories: News Flash
Date: Dec 13, 2024
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk c...
Low global demand creates opportunity for more US sanctions on Russian oil, Yellen says
Categories: News Flash
Date: Dec 12, 2024
The United States is continuing to look for creative ways to reduce Russia’s oil revenue and lower...
OPEC Reduces 2024, 2025 oil demand growth forecasts
Categories: News Flash
Date: Dec 12, 2024
Crude Oil Price Movements In November, the OPEC Reference Basket (ORB) value dropped by $1.47, or...
CryoVac secures AiP from DNV for LH2 containment design for ships
Categories: News Flash
Date: Dec 12, 2024
Norwegian shipping technology company CryoVac has received an Approval in Principle (AiP) from class...
Global Maritime Safety Enters New Era with the Launch of Iridium Certus GMDSS
Categories: News Flash
Date: Dec 12, 2024
Iridium Communications Inc. announced the service launch of Iridium Certus® GMDSS, a generational a...
VesselBot Secures 1st Place in Drewry’s 2024 CO2 Emissions Measurement Providers Assessment
Categories: News Flash
Date: Dec 12, 2024
A leading maritime consultancy ranks VesselBot’s Supply Chain Sustainability Platform as the top c...
Asia Fuel Oil-Spot benchmarks stabilise after recent slump
Categories: News Flash
Date: Dec 12, 2024
Asia’s spot fuel oil benchmarks steadied on Wednesday after the market’s recent downtrend, while...
Asia Pacific’s low-carbon hydrogen tenders to test readiness for clean fuel trades
Categories: News Flash
Date: Dec 12, 2024
Several low-carbon hydrogen and ammonia tenders in the Asia-Pacific region are expected to provide c...
FUJAIRAH DATA: Oil products stockpiles drop again on fuel oils
Categories: News Flash
Date: Dec 12, 2024
Oil products inventories at the UAE’s Port of Fujairah dropped 9.6% in the week ended Dec. 9, agai...