Cash premiums for Very Low Sulphur Fuel Oil (VLSFO) steadied in Asia on Monday, while premiums for High Sulphur Fuel Oil (HSFO) continued to fall amid tepid demand for secondary feedstock in China, traders and analysts said. Cash premiums for VLSFO cargoes changed...

Read More

A container vessel that was hit by Houthi militants off Yemen on Saturday in the first such attack in two weeks has arrived safely in Djibouti, and the strike caused no injuries or water ingress, its Greek manager said on Monday. Yemen’s Iran-aligned Houthis...

Read More

China and South Korea were the top destinations for US LNG delivered in July, as flows of American volumes to Europe dropped to their lowest level since September 2021, an S&P Global Commodity Insights analysis showed Aug. 2. Rising demand in the Pacific Basin,...

Read More

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose for a second straight session on Monday, helped by increased rates for Capesize vessels. The overall index. BADI, which factors in rates for...

Read More

Yemen’s Iran-aligned Houthi movement said on Sunday that it targeted MV Groton vessel in the Gulf of Aden and also confirmed that it had downed a U.S. drone “MQ-9” over Yemen’s northern Saada province. The attacks are the first to be claimed by the Houthis since...

Read More

Japan’s Mitsui O.S.K. Lines (MOL) presented the first approved design concept for an LNG carrier with a wind-assisted propulsion system. The plan looks to expand the installation of the rigid sail technology known as Wind Challenger from dry bulk carriers to gas...

Read More