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FUJAIRAH DATA: Oil product stocks drop to nine-month low
Stockpiles of oil products at the UAE’s Port of Fujairah dropped to a nine-month low as of July 1, with...
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Tanker market in unfamiliar equilibrium as demand levels stay ‘higher for longer’
Large scale route diversions as a consequence of the Red Sea/Suez Canal crisis have seen deadweight demand for crude and...
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WAF-UKC Suezmax rate dips below w100 for first time since May 15
The freight rate for the key West Africa-UK/Continent Suezmax run, exclusive of EU Emissions Trading Scheme costs, dropped below the...
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Baltic index snaps 5-day winning streak on lower vessels rates
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, snapped its five-session gaining...
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Folk Maritime signs deal with Bahri Ship Management to strengthen its fleet capabilities
Folk Maritime Services Company, a PIF company and one of the region’s leading feeder and short-sea services provider, has signed...
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Oil bulls advance cautiously as stocks expected to fall
Investors purchased petroleum for the third week running as bearishness triggered by the OPEC+ meeting at the start of June...
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Wärtsilä ammonia fuel supply and cargo handling systems selected for two more EXMAR vessels at Hyundai Mipo Dockyards
Wärtsilä Gas Solutions (WGS), part of technology group Wärtsilä, will deliver the fuel supply and cargo handling systems for two...
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Shipping firm HMM deploys new carbon capture system on vessels
HMM, Korea’s largest container shipper, deployed new proprietary technology in the voyage of 2,200 TEU (twenty-foot equivalent unit) container ships,...
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Baltic index rises for fifth straight day on strong capesize demand
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, gained for the fifth...
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US crude, products stockpiles seen down last week
U.S. crude oil and product stockpiles were expected to have fallen last week; a preliminary Reuters poll showed on Monday....
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Consort Bunkers, ClassNK, Yanmar, and Taiko accelerate towards Alternative Fuel Bunkering with new MOU
Consort Bunkers Pte. Ltd., ClassNK, Yanmar Asia (Singapore) Corporation Pte Ltd, and Taiko Asia Pacific Pte. Ltd. have signed a...
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Container shipping rates to Europe firm up
The cost of shipping cargo containers from India to Europe has firmed up after major carriers raised rates from 1st...
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Strategic Partnership Announcement Between GMCG and ARCHE
GMCG, a Global Leader In Engineering And Consultancy, and Arche Energy, a prominent player in Australia’s energy sector, proudly announces...
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Rising US Imports Drive Increased Activity in the US Container Trading Market, Container xChange Survey Reveals
A recent survey conducted by Container xChange, on its platform, revealed that the container (shipping) traders and leasing companies in...
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Innovative onboard research to improve crew health and wellbeing through social interaction
Crews on vessels from the shipping, cruise, and superyacht industries will take part in innovative onboard research using wearable and...
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Iron ore at almost 2-week high on better China data, stimulus hopes
Iron ore futures prices rose on Monday to their highest levels in nearly two weeks, helped by better-than-expected factory data...
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Trans Mountain oil pipeline just shy of target for first-month loadings
About 20 ships loaded crude oil on Canada’s West Coast in the first full month of operation on the newly...
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Turkey resumed oil imports from Iran in March after 4 years: data shows
Figures by the European Union’s statistics agency, Eurostat, show that Turkey resumed importing oil from Iran in March this year...
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Cydome Announces Productized Support for IACS Unified Requirements E26 Regulation
Cydome, a maritime cybersecurity solutions leader, today announced the general availability of its product support for the IACS Unified Requirements...
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Gard acquires global Marine and Energy portfolio
Gard today announced its acquisition of Codan’s global Marine and Energy (M&E) portfolio. With this, Gard continues to diversify its...
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