News Flash
China’s crude oil imports rebound, but it’s prices, not consumption
China’s crude oil imports staged a rebound in August, rising to the highest in a year, but the increase is...
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Trump tariff threats will trigger import ‘rush,’ say trade experts, and consumers pay the price
Trade analysts are warning that new tariffs threatened by former President Donald Trump, which he doubled down on during Tuesday...
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Asia Fuel Oil-VLSFO eases while HSFO retains support
Asia’s very low Sulphur fuel oil (VLSFO) showed signs of further easing on Thursday as backwardation narrowed at the prompt...
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Baltic index falls as capesize rates decline
The Baltic Exchange’s main sea freight index tracking rates for ships carrying dry bulk commodities fell on Thursday, weighed down...
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European shipowners and fuel producers join forces and launch Clean Maritime Fuels Platform
Access to clean maritime fuels is a top priority for the decarbonisation of the shipping sector. The recently published Draghi...
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Risky salvage of Sounion tanker to restart in Red Sea this week, sources say
Experts will this week resume a risky operation to salvage the Sounion tanker which was attacked by Yemen’s Houthis in...
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Bearish oil price view looms over LNG trading and contracting activity
US elections watched closely for impact on foreign policy A bearish oil price view for 2025 is likely to have...
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Vale bumps up 2024 iron ore production forecast, shares rise
Brazilian miner Vale on Wednesday bumped up its forecast for iron ore output this year after a stronger-than-expected first half,...
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Oceanic Partners with VIKAND to Provide Mental Health Training to Officers
Global marine services provider Oceanic, through its SeaMedzą Medical Solutions, will offer VIKAND's mental health training programs as an integrated...
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Weathernews and Lauritzen Bulkers sign new 3-year contract for enhanced maritime solutions
Weathernews, a global leader in weather intelligence and maritime solutions, is pleased to announce a new 3-year TFMS (Total Fleet...
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ABB permanent magnet shaft generator technology to power 15 LNG carriers for Qatar Energy
ABB has won an order from Samsung Heavy Industries Co. Ltd. (SHI) to equip 15 liquified natural gas (LNG) carriers...
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LNG buyers flag US supply risks after export pause
Major buyers of liquefied natural gas (LNG) flagged risks of purchasing cargoes from the United States following the decision by...
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UK cracks down on illicit ‘shadow fleet’ transporting Russian oil globally
The UK has today (11 September) sanctioned to vessels operating as part of Putin's 'shadow fleet, in the latest crack...
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Asia Fuel Oil-HSFO spot premium hits over a year’s high; KPC offers HSFO for October
Spot premium for 360-cst high sulphur fuel oil (HSFO) was at more than a year's high as of Wednesday, while...
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All eyes on APPEC as crude tanker freight rates soften further
As APPEC kicks off there have been various reports and thought pieces expressing a doubtful tomorrow for the world's oil...
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Baltic index gains as larger vessel rates rise
The Baltic Exchange's main sea freight index racking rates for ships carrying dry bulk commodities rose on Wednesday, supported by...
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Anemoi awarded DNV Type Approval for 5x35m Rotor Sail design
Wind-assisted propulsion systems developer Anemoi Marine Technologies has secured a Type Approval Design Certificate from classification society DNV for its...
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Maritime leaders’ confidence on the rise amidst increased geopolitical risk
Data from the ICS Barometer Report 2023-2024 – launched today – has demonstrated the positive impact that improved clarity from...
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Asia Distillates-Jet fuel market bustling as traders’ prompt purchases continue
Asia's middle distillates markets saw some upbeat market activity on the jet fuel front, though gasoil discussions remained muted and...
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Opsealog report advocates for data standardisation to accelerate the value delivered by maritime digitalisation
Opsealog, a provider of data integration and analysis services for the maritime and offshore industry, has published a new white...
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