News Flash
Three Japanese Shipping Companies Partner to Establish Global Liquefied Hydrogen Supply Chain
On September 12 2023, Japan Suiso Energy, Ltd. (JSE)*, and three Japanese shipping companies, Kawasaki Kisen Kaisha, Ltd. (“K”LINE), Mitsui...
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Cargo vessel sets off from Ukrainian Black Sea port – source
A cargo vessel set off from a Ukrainian Black Sea port on Tuesday after loading but remained close to the...
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Mideast-Asia oil shipping rates rebound, capped by OPEC+ supply cuts.
The cost of chartering a supertanker to load Middle Eastern crude oil for Asia has rebounded from a 19-month low...
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RightShip introduces PortRISK to transform port and terminal risk management
Built using RightShip’s unmatched maritime vessel, incident, and company database, PortRISK provides a comprehensive suite of features, including pre-arrival checks...
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Baltic index scales over 9-month high on Capesize surge
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose to its highest...
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Inmarsat Maritime Safety Report Highlights Importance Of Data And Collaboration In Tackling Persistent Safety Challenges
The 2023 edition of The Future of Maritime Safety Report from Inmarsat Maritime, a Viasat business, reveals that the number...
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Port Houston loaded exports up 10% year-to-date.
Loaded export volumes at Port Houston are up 10% year-to-date, maintaining the upward trajectory seen throughout 2023 and helping support...
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Iron ore is clouded further by a weak demand outlook.
Iron ore futures extended declines on Tuesday, as investors booked profits ahead of upcoming holidays in China and demand concerns...
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OPEC+ production cuts drive up sour crude oil prices around the world.
Crude oil production cuts among OPEC+ members are limiting the global supply of medium, sour, and heavy, sour grades of...
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Robust exports and stable domestic demand keep China’s steel production strong in 2023
Robust steel exports from China have emerged as a major driver supporting steel production at a time when demand activity...
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Baltic index rises to over 4-month high on stronger capesize rates
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose to its highest...
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Middle East Crude-Dubai and Oman firms; EFS retains volatile swing.
Middle East crude benchmarks Dubai and Oman rose on Monday, with two cargo deliveries of Upper Zakum emerging, while the...
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Asia Fuel Oil-Cash premiums steady, market eyes regional tenders
regional tenders for October. Cash premium for 0.5% VLSFO was pegged at $8.61 a metric ton, while 380-cst HSFO was...
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Russia diesel export curbs to exacerbate tight supply in Asia in Q4
Russia’s move to temporarily ban diesel exports to ease surging domestic fuel prices could see more barrels moving from the...
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Drewry: Port Throughput Index Down 2.1% in July
The Drewry Container Port Throughput Indices are a series of calendar-adjusted volume growth/decline indices based on monthly throughput data for...
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Berlin takes a closer look at the sale of MAN gas turbine division to China
The German government is taking a closer look at the sale of Volkswagen subsidiary MAN Energy Solutions’ gas turbine division...
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MOL, PETRONAS, and MISC Set the Stage for the Development of Liquefied CO2 Carriers
Mitsui O.S.K. Lines, Ltd. yesterday announced that MOL has principally reached an agreement with two Malaysian companies PETRONAS CCS Ventures...
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Iron ore hits 2-week low on weak demand, possible steel output curbs
Iron ore futures fell on Monday, as traders were worried about weaker-than-expected steel consumption in the peak construction season and...
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Sizzling rally in US energy stocks has room to run, bulls say
Contrarian investors were rewarded for betting on the beaten down U.S.energy sector earlier this year with a blazing rally. Some...
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Valenciaport warns of the diversion of traffic to non-EU ports to evade payment for emissions
Loss of competitiveness, reduction of transhipment business (transfer of cargo from one ship to another), carbon leakage and diversion of...
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