News Flash

Middlemen have halted Russian oil cargo offers after US sanctions, Indian refiner says

Middlemen have halted Russian oil cargo offers after US sanctions, Indian refiner says

Middlemen supplying Russian oil are not offering cargoes due to new U.S. sanctions targeting Russian producers, tankers and insurers, according...
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ITS Logistics January Port Rail Ramp Index: President Trump’s Confirmed 25% Increase in Tariffs Could Create Another 2018 Front-Loading Surge

ITS Logistics January Port Rail Ramp Index: President Trump’s Confirmed 25% Increase in Tariffs Could Create Another 2018 Front-Loading Surge

ITS Logistics today released the January forecast for the ITS Logistics US Port/Rail Ramp Freight Index. This month, the index...
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Asia Fuel Oil: Spot premiums cool further, though bidding flurry holds

Asia Fuel Oil: Spot premiums cool further, though bidding flurry holds

Spot fuel oil premiums continued to ease on Wednesday, though a flurry of bids remained in the spot market but...
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China’s crude oil imports from top supplier Russia reach new high in 2024

China’s crude oil imports from top supplier Russia reach new high in 2024

China’s crude oil imports from top supplier Russia were up 1% in 2024 to a record high versus 2023, while...
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IMO launches Regional Presence Office for the MENA region in Alexandria, Egypt

IMO launches Regional Presence Office for the MENA region in Alexandria, Egypt

New office will coordinate technical assistance for countries in the region in the areas of maritime safety, security and environmental...
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Supply Chain Diversification And Technology Poised To Be The Key Enablers Of Trade Growth In Asia

Supply Chain Diversification And Technology Poised To Be The Key Enablers Of Trade Growth In Asia

33% of businesses based in the Asia Pacific (APAC) region are creating parallel supply chains to avoid disruptions caused by...
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Asia Fuel Oil: Volatile market seen persisting following Trump’s return to office

Asia Fuel Oil: Volatile market seen persisting following Trump’s return to office

Spot fuel oil premiums retreated slightly on Tuesday, while trade sources said they expect volatility to persist as they awaited...
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HD HHI Signs LOI with CMA CGM for 12 LNG Dual-fuel Container Ships

HD HHI Signs LOI with CMA CGM for 12 LNG Dual-fuel Container Ships

On Jan. 6, HD Hyundai Samho delivered an LNG carrier to the shipowner, marking its first export of the year....
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Capital Group and FORCE Technology Collaborate to Launch Europe’s First Extended Reality Bridge Simulator

Capital Group and FORCE Technology Collaborate to Launch Europe’s First Extended Reality Bridge Simulator

Capital Group and FORCE Technology are proud to announce their partnership in creating Europe’s first Extended Reality (XR) Full Mission...
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Return of container ships to Red Sea will bring chaos and collapsing freight rates – 5 key questions facing shippers

Return of container ships to Red Sea will bring chaos and collapsing freight rates – 5 key questions facing shippers

Agreement between Israel and Hamas to pause conflict has raised hopes over the prospect of ocean container ships returning to...
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Study On Ship Sliming May Enable Reduced Costs And Emissions In Ocean Transport

Study On Ship Sliming May Enable Reduced Costs And Emissions In Ocean Transport

Slime build-up is a costly drag on fuel efficiency for ocean-going cargo ships, leading to more emissions and, eventually, higher...
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US sanctions impact on VLCC tanker market may be short-lived

US sanctions impact on VLCC tanker market may be short-lived

The sharp rise in Very Large Crude Carrier rates from the Persian Gulf to Asia following new US sanctions may...
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Baltic index at over 1-year low as rates decline across segments

Baltic index at over 1-year low as rates decline across segments

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for a...
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Marcura Expands Digital Solution Suite with Acquisition of VesselMan

Marcura Expands Digital Solution Suite with Acquisition of VesselMan

Marcura, global leader in digital maritime solutions, has announced the strategic acquisition of VesselMan, a prominent provider of technology solutions...
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COSCO Pilots Safe Transportation with Longxing Chemical over GSBN

COSCO Pilots Safe Transportation with Longxing Chemical over GSBN

Global Shipping Business Network (GSBN), a neutral, not-for-profit consortium enabling paperless, accessible and sustainable global trade with its data infrastructure...
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Navig8 Commences Commercial Management of 20 ADNOC L&S Tanker Vessels

Navig8 Commences Commercial Management of 20 ADNOC L&S Tanker Vessels

Navig8 is pleased to announce that it has commenced the commercial management of the ADNOC L&S tanker fleet, comprising 20...
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MOL, Marubeni Establish a New Company Venture in the Nature-based Carbon Removal Credit Business to -Open the Way to a Sustainable Future Through the Power of People and Forests

MOL, Marubeni Establish a New Company Venture in the Nature-based Carbon Removal Credit Business to -Open the Way to a Sustainable Future Through the Power of People and Forests

Mitsui O.S.K. Lines, Ltd. and Marubeni Corporation announced today that the two companies have entered into a shareholders agreement to...
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South Korea’s Shipbuilding Giants Achieve Milestone Profits Amid Industry Boom

South Korea’s Shipbuilding Giants Achieve Milestone Profits Amid Industry Boom

South Korea’s top three shipbuilders are expected to report collective annual profits for 2024, marking the first time in 13...
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China’s shipbuilding remains robust but growing capacity weighs on steel plate market

China’s shipbuilding remains robust but growing capacity weighs on steel plate market

China’s shipbuilding remained robust in 2024, and is likely to maintain strong growth momentum in 2025, which would benefit the...
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Asia Fuel: Premiums rise on uncertainty around Feb supply

Asia Fuel: Premiums rise on uncertainty around Feb supply

Spot premiums for fuel oil rose on Monday, supported by supply uncertainty in February as some industry sources expect logistical...
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