News Flash | Sea and Job

Summer surge: Record diesel flows from USGC to Europe, Latin America

The US Gulf Coast is experiencing record diesel flows to Northwest Europe as favorable freight rates and strong refinery production boost the Transatlantic trade. As summer ends, diesel flows from the USGC to NWE and the Mediterranean are reaching unprecedented...

India’s August Russian oil imports slip 18% from July, tanker data show

India’s monthly oil imports from Russia fell by 18.3% to about 1.7 million barrels per day (bpd) in August from the previous month due to lower crude processing by some refiners, tanker data obtained from trade sources showed. In contrast, China stepped up purchases...

China’s fuel oil imports set to slow on anticipated tax changes

China is planning a tax revamp that would raise costs for imported fuel oil, prompting independent refiners to slow purchases in another blow to a sector reeling from thin processing margins amid faltering demand, industry sources said. Beijing is widely expected to...

Action on Efficiency and Wind Power Essential For Shipping Sector to Achieve Climate Goal – NGOs

Ahead of this week’s International Maritime Organization’s Intersessional Working Group on Reduction of GHG Emissions from Ships (IMO, IWSG-GHG-17, September 23-17) and next week’s Marine Environment Protection Committee meeting (MEPC 82, September 30-October 4), the...

The importance of nuance in a volatile ocean container shipping market – shippers need a deeper dive into the data

Making sense of ocean container shipping volatility in 2024 is no easy task, so it may be tempting for industry commentators to lean on headline figures or simplify complex market dynamics. Any oversimplification of such a multi-faceted market does little to support...

Baltic index hit over two-month peak on higher rates across vessels

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose to its highest in over two months as rates across all vessel segments gained on Monday. The overall index, which factors in rates for capesize, panamax and...

Summer surge: Record diesel flows from USGC to Europe, Latin America

India’s August Russian oil imports slip 18% from July, tanker data show

China’s fuel oil imports set to slow on anticipated tax changes

Action on Efficiency and Wind Power Essential For Shipping Sector to Achieve Climate Goal – NGOs

The importance of nuance in a volatile ocean container shipping market – shippers need a deeper dive into the data

Baltic index hit over two-month peak on higher rates across vessels

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