News Flash

Asia Distillates-Margins hit 2-month low, premiums dip again amid ample supply

Asia Distillates-Margins hit 2-month low, premiums dip again amid ample supply

Asia’s middle distillates markets weakened further against a backdrop of ample March supply from northeast Asian suppliers, cautious expectations on...
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NORDEN adds to Capesize portfolio to meet customer demands

NORDEN adds to Capesize portfolio to meet customer demands

NORDEN acquires four Capesize newbuildings to meet strong demands from customers looking to unlock economies of scale by sizing up...
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India’s Russian oil imports rise in February – ship tracking data

India’s Russian oil imports rise in February – ship tracking data

India’s daily crude oil imports from its top supplier Russia are expected to rise in February from the previous month,...
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Iron ore hemmed in tight range as investors reassess China demand prospects

Iron ore hemmed in tight range as investors reassess China demand prospects

Iron ore futures held in a tight range on Thursday as investors reassessed near-term demand prospects in top consumer China...
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ZeroNorth partners with Vitol to facilitate EUA purchases, accelerating green shipping

ZeroNorth partners with Vitol to facilitate EUA purchases, accelerating green shipping

New functionality will enable customers to request to buy European Union Allowances from Vitol’s Carbon Desk Copenhagen, Denmark, 29 February...
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Asia Fuel Oil-VSFLO refining crack logs uptrend in February

Asia Fuel Oil-VSFLO refining crack logs uptrend in February

Refining margins for very low sulphur fuel oil (VLSFO) posted an increase from early to end February, data showed on...
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Barge fuel exports help Russia negotiate tanker shortage

Barge fuel exports help Russia negotiate tanker shortage

Russia exported more than 700,000 metric tons of oil products from the Black Sea port of Novorossiisk in 2023 using...
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TotalEnergies Marine Fuels Completes First Digital Bunker Operation with Mitsui O.S.K. Lines in Singapore

TotalEnergies Marine Fuels Completes First Digital Bunker Operation with Mitsui O.S.K. Lines in Singapore

TotalEnergies Marine Fuels has conducted its first digital bunker delivery for Mitsui O.S.K. Lines, Ltd. (MOL) in Singapore, boosting the...
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Nordic American Tanker: Dividend is up and solid prospects going forward

Nordic American Tanker: Dividend is up and solid prospects going forward

Highlights: In 2023, the Net Voyage Revenue for Nordic American Tankers Ltd (NAT) totaled $262.2 million. This is a remarkable...
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Baltic Index Climbs To 10-Week High On Rising Vessel Rates

Baltic Index Climbs To 10-Week High On Rising Vessel Rates

The Baltic Exchange’s dry bulk sea freight index extended gains on Thursday to hit an over two month peak, supported...
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Global LNG demand seen rising in 2024 from China, Europe

Global LNG demand seen rising in 2024 from China, Europe

Global liquefied natural gas (LNG) demand will grow in 2024 with top buyer China back in the market and consumption...
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Lower shipping rates nudges Samudera Shipping to report earnings of US$101.2 million

Lower shipping rates nudges Samudera Shipping to report earnings of US$101.2 million

Samudera Shipping Line has reported earnings of US$101.2 million, down 68.6% y-o-y for FY2023, on the back of a 41.2%...
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Abandoned at sea, Houthi-damaged ship awaits towing to Saudi Arabia amid oil slick concerns

Abandoned at sea, Houthi-damaged ship awaits towing to Saudi Arabia amid oil slick concerns

A vessel impaired in a mid-February Houthi attack offshore Yemen remains abandoned at sea awaiting towing to safe harbor amid...
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Danelec and Franman Strengthen their Partnership Further to Accelerate Maritime Digitalization

Danelec and Franman Strengthen their Partnership Further to Accelerate Maritime Digitalization

Danelec is extending its longstanding partnership with Franman to also promote its growing digital offerings and expand its presence in...
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Red Sea attacks add urgency to alternate Mideast trade route: Indian Government

Red Sea attacks add urgency to alternate Mideast trade route: Indian Government

The volatile situation in the Red Sea increases the need for an alternate trade corridor to ship goods from India...
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Anglo American completes 10-strong chartered fleet of lower emission LNG dual-fuelled vessels

Anglo American completes 10-strong chartered fleet of lower emission LNG dual-fuelled vessels

Anglo American announces delivery of the last of its 10-strong chartered fleet of Capesize+ Liquefied Natural Gas (LNG) dual-fuelled bulk...
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Asia Fuel Oil-Cash differentials slip further on tepid marine fuel demand

Asia Fuel Oil-Cash differentials slip further on tepid marine fuel demand

Cash differentials for fuel oil extended declines in Asia on Wednesday, weighed by soft marine fuel demand in recent days....
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INTERTANKO and Veson Nautical launch modernized Q88 Questionnaire

INTERTANKO and Veson Nautical launch modernized Q88 Questionnaire

INTERTANKO, the International Association of Independent Tanker Owners, and Veson Nautical (Veson), the global market leader of maritime freight management...
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Russia diverts LNG supplies for Asia around Africa to avoid Red Sea, LSEG data shows

Russia diverts LNG supplies for Asia around Africa to avoid Red Sea, LSEG data shows

Russia is diverting China-bound cargoes of liquefied natural gas (LNG) on a longer route via the Cape of Good Hope...
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Baltic index hits near 2-month high on strong vessel rates

Baltic index hits near 2-month high on strong vessel rates

The Baltic Exchange’s dry bulk sea freight index extended gains on Wednesday to hit a nearly two-month high, supported by...
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