Benchmarks for High Sulphur Fuel Oil (HSFO) eased on Monday, while more residual fuel tenders were underway in the spot market. Backwardation time-spreads for HSFO narrowed from last week, while 380-cst cash premiums were pegged below $5 per metric ton amid...

Read More

More than 80% of Russian crude exports were transported by tankers operating outside of the G7’s price cap in June, hitting another high since the Western trade restrictions were in place, as Chinese tanker operators raised shipments to India. While G7 countries...

Read More

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, edged lower on Monday as rates for Capesize vessels declined. The overall index. BADI, which factors in rates for capesize, panamax, and supramax shipping...

Read More

Adani Ports and Special Economic Zone Ltd. has secured an “in-principle approval from the Vietnamese government” for a greenfield development in Da Nang, Karan Adani, managing director of the company, said in an interview, according to Bloomberg. The project, which...

Read More

According to Yonhap, HD Korea Shipbuilding & Offshore Engineering Co., a major South Korean shipyard said Monday it has secured a contract worth 3.7 trillion won (US$2.67 billion) to build 12 container carriers for a European shipping firm. Under the contract, HD...

Read More

A.P. Moller-Maersk (Maersk) launched a new ocean shipping service between China and Bangladesh to meet the growing trade demand, especially in the retail industry. The new service, called SH3, commenced service on 7 July 2024 and adds more capacity to the ocean...

Read More