News Flash

Russia fuel exports jump in Sept despite OPEC deal, sanctions – IEA report

Russia fuel exports jump in Sept despite OPEC deal, sanctions – IEA report

Russian crude oil and product exports rose in September by as much as 460,000 barrels per day, the International Energy...
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Brazil shipping agents warn clients drought disrupting corn shipping on barges

Brazil shipping agents warn clients drought disrupting corn shipping on barges

A severe drought is disrupting barge traffic on the Tapajos river in the Amazon rainforest, shipping agencies told clients this...
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China’s steel production falls in late Sep but markets remain wary of actual levels

China’s steel production falls in late Sep but markets remain wary of actual levels

China’s daily pig iron and crude steel output for Sept. 21-30 decreased 4.3% and 3.1% from Sept. 11-20 to 2.335...
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Greek port project helps boost career prospects

Greek port project helps boost career prospects

When Patritsia Zigou first heard the news about the Chinese company’s takeover of the Greek Piraeus Port, she found herself...
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Tankers: Business as Usual?

Tankers: Business as Usual?

After the latest events in Israel and Gaza, the tanker market has been largely unaffected. However, as the crisis looks...
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Shipping must improve forecasting and not allow ‘uncertainty to delay action

Shipping must improve forecasting and not allow ‘uncertainty to delay action

Large scale changes identified in report include key ports becoming unusable due to climate change, a surge in the percentage...
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Dry Bulk Market: Capesizes Keep Going Strong

Dry Bulk Market: Capesizes Keep Going Strong

CapesizesClosing at $27,591 the Capesize TC average maintained similar levels week-on-week, however large gains were seen on Monday when the...
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BIMCO adopts new CII clause for Voyage Charter Parties

BIMCO adopts new CII clause for Voyage Charter Parties

The shipping industry is facing an increase in new regulations from the International Maritime Organization (IMO) and the European Union...
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Special shipping containers provide some hope for container manufacturers

Special shipping containers provide some hope for container manufacturers

After the surge in output of 2021, the past 18 months have proved particularly challenging for Chinese box builders with...
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Shipping Must Look Beyond the Engine, The Real Challenge is an Industry Transformed, Cautions ABS Chairman and CEO

Shipping Must Look Beyond the Engine, The Real Challenge is an Industry Transformed, Cautions ABS Chairman and CEO

Shipping must look beyond its current focus on engine technology and address the widespread disruption introduced by the clean energy...
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Maersk signs deal with Starlink for its Ocean fleet

Maersk signs deal with Starlink for its Ocean fleet

A.P. Moller–Maersks, the global leader of integrated container logistics, is embarking on a collaboration with Starlink, the pioneering satellite internet...
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India’s Sept diesel flows to Europe reach all-time peak, Oct volumes slowing

India’s Sept diesel flows to Europe reach all-time peak, Oct volumes slowing

India’s September-loading diesel exports to Europe hit an unprecedented high as traders cashed in on arbitrage profits to the West,...
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Overseas Shipholding Group Purchases Vessel from BP

Overseas Shipholding Group Purchases Vessel from BP

Overseas Shipholding Group, Inc. (“OSG”) announced today an agreement with BP Oil Shipping Company, USA, to purchase the tank vessel...
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Asia Fuel Oil-Cash differentials inch up; inventories extend fall

Asia Fuel Oil-Cash differentials inch up; inventories extend fall

Fuel oil cash differentials were steady to higher in Asia on Thursday, while onshore inventories dipped for a third straight...
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Maxwell Marine Wins Contract to Supply Anchoring System for First USVs

Maxwell Marine Wins Contract to Supply Anchoring System for First USVs

Maxwell Marine, the anchoring solutions specialist, has been contracted to design and supply a technical anchoring system for the first...
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Wan Hai Lines Holds a Joint Naming Ceremony for 13,200teu Newbuilding “WAN HAI A05” & “WAN HAI A06” Accompanied by a Charity Donation

Wan Hai Lines Holds a Joint Naming Ceremony for 13,200teu Newbuilding “WAN HAI A05” & “WAN HAI A06” Accompanied by a Charity Donation

Wan Hai Lines Ltd. held a joint ship naming ceremony for WAN HAI A05 & WAN HAI A06 accompanied by...
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US sanctions two tanker owners for carrying Russian oil above price cap

US sanctions two tanker owners for carrying Russian oil above price cap

The United States imposed sanctions on two owners of tankers that carried Russian oil above the G7 price cap of...
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China restricts refined oil product exports despite oil inventory increase of 0.7 mbpd

China restricts refined oil product exports despite oil inventory increase of 0.7 mbpd

During the first three quarters of 2023, China has continued expanding its crude inventories by an estimated 0.7 million barrels...
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Baltic index extends declines as rates for larger vessels fall

Baltic index extends declines as rates for larger vessels fall

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the third straight...
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Loss of Tamar gas supplies from Israel to impact Egyptian LNG exports: IEA

Loss of Tamar gas supplies from Israel to impact Egyptian LNG exports: IEA

The loss of imports of Israeli gas from the shut-in Tamar platform is expected to further impact Egypt’s ability to...
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