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Asia Fuel Oil Benchmarks little changed though inventories retreat

Trading momentum in Asia’s spot fuel oil market was largely thin on Thursday, with key benchmark differentials holding steady from the previous session, though onshore inventories eased. Singapore’s residual fuel inventories fell after climbing for three weeks, though...

Oil tanker traffic to Venezuela declines following seizure, sanctions

The number of oil tankers heading to Venezuela has decreased following a recent escalation by the US to oust Venezuelan President Nicolás Maduro, according to S&P Global Commodities at Sea data as of Dec. 16. The US will blockade sanctioned oil tankers to and from...

US action in Venezuela sends strong broader signal to tankers: Frontline

US pressure on Venezuela, including the recent seizure of a tanker in Venezuelan waters, signals a bullish outlook for tanker markets, according to Frontline CEO Lars Barstad. Speaking at a Capital Link webinar on Dec. 16, Barstad said the US is demonstrating a...

Baltic index extends losses on declining rates across all vessel segments

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry bulk commodities, extended losses to a more than one-month low on Thursday, as vessel rates declined across the board. The main index, which factors in rates for...

Amasus doubles down on bound4blue eSAILs® with second installation on general cargo vessel

bound4blue and Amasus Shipping have completed the installation of a 22-metre eSAIL® on the general cargo vessel Fluvius Tavy at Astander Shipyard in Santander, Spain. The project marks the companies’ second installation, reinforcing both the scalability of suction...

Amon Bulk plans three new Kamsarmax vessels with NOK 298 million investment grants

Amon Maritime is pleased to announce that the company has been awarded investment grants of NOK 298 million from Enova to support the construction of three new ammonia-fueled bulk carriers. The vessels, each in the Kamsarmax segment with a capacity of approximately...

Asia Fuel Oil Benchmarks little changed though inventories retreat

Oil tanker traffic to Venezuela declines following seizure, sanctions

US action in Venezuela sends strong broader signal to tankers: Frontline

Baltic index extends losses on declining rates across all vessel segments

Amasus doubles down on bound4blue eSAILs® with second installation on general cargo vessel

Amon Bulk plans three new Kamsarmax vessels with NOK 298 million investment grants

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