News Flash
European Shipowners and the European Transport Workers Federation (ETF) launch European Maritime Skills Forum
This initiative aims to identify skills gap emerging from the digital and green transition and discuss the shortage of maritime...
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MABUX: Bunker Prices To Continue Trending Lower Next Week
Over the 04th week, the MABUX global bunker indices continued a moderate upward movement. The 380 HSFO index increased by...
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Focus on practicality drives LNG pathway growth in 2024
Industry coalition SEA-LNG has published its annual ‘View from the Bridge’ report, highlighting 2024 as another year of growth for...
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The cost of the Suez Canal blockage
The 2021 Suez Canal blockage resulted in a loss of nearly $89 million for the shipping company Maersk Line. This...
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Normal shipping via Suez Canal may resume as Singapore-bound oil tanker makes transit
In one of the first instances of an oil tanker transporting Southeast Asia-bound crude through the Suez Canal following the...
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Energy demand, prices surge as massive winter storm freezes most of US
A massive winter storm stretched from Canada to Florida and South Texas Jan. 21, boosting power demand and prices into...
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Citi raises average 2025 oil price forecasts, citing geopolitical risks
Citi on Wednesday raised its oil price outlook for 2025 due to geopolitical risks centred on Russia and Iran, but...
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Dalian iron ore snaps nine-day winning streak as US tariff uncertainty weighs
Iron ore futures declined on Wednesday, weighed down by concerns that U.S. President Donald Trump could impose higher tariffs on...
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Kalmar strengthens partnership with Westport AS with delivery of four electric reachstackers to support zero-emissions goals
Kalmar has delivered four Kalmar electric reachstackers to Norwegian port operator Westport AS, as part of their ongoing collaboration to...
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Havila Shipping ASA: Allegation from certain banks of default of the restructuring agreement – disputed by the company
Reference is made to the stock exchange announcement 1 October 2024, informing that three bank lenders, and the bondholders in...
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Oman’s Asyad Group plans to sell at least 20% of shipping unit via IPO
HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has received ABS approval in principle (AIP) for a tank design that...
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Saudi Arabian crude exports in November leap to eight-month peak
Saudi Arabia’s crude oil exports in November jumped to their highest level in eight months, data from the Joint Organizations...
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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 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
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 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
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
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
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
On Jan. 6, HD Hyundai Samho delivered an LNG carrier to the shipowner, marking its first export of the year....
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Recent News
Congress passes sanctions, tariff bill targeting buyers of Russian energy.
Iran, Oman close to agreement on shipping corridor in Strait of Hormuz.
Baltic Dry Index Up for 2nd Day.
International Chamber of Shipping addresses UN Security Council on maritime security and freedom of navigation.
The Week in Alt Fuels: From promises to timelines.