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Asia Fuel Oil-Market steady to softer; Kuwait offers more HSFO for October

Asia’s fuel oil market was steady to softer on Thursday, with spot premiums for 0.5% low sulphur fuel oil (VLSFO) dipping further, while Kuwait offered more high sulphur fuel oil (HSFO) for October. Singapore cash premium for VLSFO was pegged lower at about $16.20 a...

Russia’s August seaborne oil product exports down 2.3% m/m, Reuters calculations show

Russia’s seaborne oil product exports in August fell to 9.074 million metric tons, down 2.3% month on month, data from industry sources and Reuters calculations showed. Russia’s offline primary oil refining capacity for August at 2.95 million tons was up from July’s...

Argentina grains ships load less cargo as river levels hit near-record lows

Huge grains ships loading up with soy and corn at Argentina’s major inland river ports around Rosario are taking on less cargo as water levels drop to near record lows due to a major drought upstream in Brazil, pushing up costs and transport times. The Parana River,...

NYK and Oono Development Sign MoU to Commercialize Ship Recycling Business

Nippon Yusen Kabushiki Kaisha (“NYK”) and Oono Development Co.,Ltd. (“Oono Development”) have agreed to jointly study the commercialization of ship recycling, in which ships and large offshore structures are dismantled in Japan and recycled as steel scrap and other...

India to buy more second-hand vessels to raise container capacity

India will purchase more second-hand vessels to add to the country’s container shipping capacity, two senior shipping officials said on Thursday after talks with multiple ministries to cut transportation costs and increase exports. Discussions were held after Indian...

IMO’s Marine Environment Protection Committee (MEPC 82) to convene on key environmental issues

The International Maritime Organization’s Marine Environment Protection Committee (MEPC) meets in-person for its 82nd session at IMO Headquarters in London (with hybrid participation) from 30 September to 4 October, 2024. MEPC 82 will discuss a range of environmental...

Asia Fuel Oil-Market steady to softer; Kuwait offers more HSFO for October

Russia’s August seaborne oil product exports down 2.3% m/m, Reuters calculations show

Argentina grains ships load less cargo as river levels hit near-record lows

NYK and Oono Development Sign MoU to Commercialize Ship Recycling Business

India to buy more second-hand vessels to raise container capacity

IMO’s Marine Environment Protection Committee (MEPC 82) to convene on key environmental issues

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