News Flash | Sea and Job

LME scrap volumes increase on week; rebar forward curve in contango structure

Volumes traded for the scrap futures contracts on the London Metal Exchange, which settle basis the Platts assessment, increased on the week. Weekly LME scrap futures trading volumes in the week to Sept. 19 increased to 194,970 metric tons, up from 124,570 metric tons...

US fuel oil exports surge as Asian and Middle Eastern demand rises

US fuel oil exports have surged by 45% this month as demand grows in Asia and the Middle East, while domestic fuel oil supply has fallen to its lowest level since April 2023, according to data from the Energy Information Administration (EIA). Changes in monthly US...

Decarbonisation needs collaborative ‘kick-start’

In a panel discussion called by the World Economic Forum in Gothenburg, Sweden on Monday, APM Terminals Chief Executive Officer, Keith Svendsen, addressed the need to ‘kick-start’ the eco-system in ports to enable the greater use of renewable energy sources. While...

Procureship partners with SpecTec Group to enhance fleet management capabilities for global shipowners and managers

Procureship has signed an agreement with SpecTec Group to integrate SpecTec’s AMOS Procurement and Logistics software into its award-winning e-procurement platform. The partnership will allow AMOS users to utilise the Procureship platform, enabling them to access a...

FBI agents have boarded vessel managed by Synergy Marine Group whose other cargo ship collapsed Baltimore bridge

Federal agents on Saturday boarded a vessel managed by the same company as a cargo ship that caused the deadly Baltimore bridge collapse, the FBI confirmed. In statements, spokespeople for the FBI and the U.S. Attorney’s Office in Maryland confirmed that authorities...

Methane abatement group adds BP, CMA CGM and GTT as global reach grows

Energy giant BP’s maritime arm BP Shipping, shipping company CMA CGM, and LNG containment technology expert GTT have joined the Methane Abatement in Maritime Innovation Initiative (MAMII). The three new members bring MAMII’s membership to 23, which includes Lloyd’s...

LME scrap volumes increase on week; rebar forward curve in contango structure

US fuel oil exports surge as Asian and Middle Eastern demand rises

Decarbonisation needs collaborative ‘kick-start’

Procureship partners with SpecTec Group to enhance fleet management capabilities for global shipowners and managers

FBI agents have boarded vessel managed by Synergy Marine Group whose other cargo ship collapsed Baltimore bridge

Methane abatement group adds BP, CMA CGM and GTT as global reach grows

Recent News