News Flash

Shipping could face shortage of carbon-neutral fuel by 2030, DNV says

Shipping could face shortage of carbon-neutral fuel by 2030, DNV says

An expected shortfall in the availability of carbon-neutral fuel means the shipping industry should widen its scope to include onboard...
Read More
US, India, Saudi, EU unveil rail, ports deal on G20 sidelines

US, India, Saudi, EU unveil rail, ports deal on G20 sidelines

Global leaders announced a multinational rail and ports deal linking the Middle East and South Asia on Saturday on the...
Read More
LNG suppliers pin hopes on China for long-term demand

LNG suppliers pin hopes on China for long-term demand

Suppliers of liquefied natural gas (LNG) are betting on China to drive demand for the super-chilled fuel over the longer...
Read More
Top global ports may be unusable by 2050 without more climate action – report

Top global ports may be unusable by 2050 without more climate action – report

Some of the world’s largest ports may be unusable by 2050 as rising sea levels hit operations, and efforts to...
Read More
Russian Urals STS shipments slump 85% from their Q1 peak: Vortexa

Russian Urals STS shipments slump 85% from their Q1 peak: Vortexa

Ship-to-ship transfers of Russia’s Urals crude oil grade in August were about 85% lower than their peak in the first...
Read More
Romania upgrades Black Sea port infrastructure to bring in more Ukrainian grain

Romania upgrades Black Sea port infrastructure to bring in more Ukrainian grain

Romania’s government will approve on Friday a plan to upgrade road infrastructure in the Black Sea port of Constanta, part...
Read More
Russia ships first oil cargo to Brazil as it seeks to diversify buyers

Russia ships first oil cargo to Brazil as it seeks to diversify buyers

Russia is shipping its first crude oil cargo to Brazil, as it seeks to diversify its list of buyers, which...
Read More
South Korea’s FLC bought about 57,000 metric tons feed wheat – traders

South Korea’s FLC bought about 57,000 metric tons feed wheat – traders

South Korea’s Feed Leaders Committee (FLC) has purchased around 57,000 tonnes of animal feed wheat to be sourced from any...
Read More
China’s trade slump narrows as stabilisation signs emerge

China’s trade slump narrows as stabilisation signs emerge

China’s exports and imports extended declines in August as the twin pressures of sagging overseas demand and weak consumer spending...
Read More
Greek PM postpones keynote speech after deadly storm

Greek PM postpones keynote speech after deadly storm

Greek Prime Minister Kyriakos Mitsotakis has postponed an annual economic speech scheduled for this weekend and will instead visit areas...
Read More
Policymakers see darker days ahead in China as growth sputters

Policymakers see darker days ahead in China as growth sputters

Policymakers expect persistently slower growth in China, perhaps even more sluggish than current consensus estimates, seeing its transition from an...
Read More
Iron ore retreats on China demand worries

Iron ore retreats on China demand worries

Iron ore futures fell on Thursday following gains earlier this week, as weak China trade data overshadowed a jump in...
Read More
Saudi Arabia raises October Arab light crude price to Asia

Saudi Arabia raises October Arab light crude price to Asia

Saudi Arabia raised its October official selling price (OSP) for its Arab light crude to Asia by 10 cents a...
Read More
Europe Distillates-Diesel cracks gain, stocks post rise

Europe Distillates-Diesel cracks gain, stocks post rise

Northwest European diesel barge refining margins rose slightly to $36 a barrel on Thursday, after data showed the first weekly...
Read More
China’s oil imports surge in August as fuel exports, inventories rise

China’s oil imports surge in August as fuel exports, inventories rise

China’s crude oil imports surged in August, customs data showed on Thursday, as refiners built inventories and increased processing to...
Read More
London retains crown as leading global centre for maritime arbitration, handling 85% of global caseload

London retains crown as leading global centre for maritime arbitration, handling 85% of global caseload

London handled more than 85% of the world’s maritime arbitration in 2022 according to the findings of a comprehensive new...
Read More
Baltic index hits two-week peak on higher capesize rates

Baltic index hits two-week peak on higher capesize rates

The Baltic Exchange’s main sea freight index rose to a two-week high on Thursday, helped by a jump in capesize...
Read More
Major Maritime Insurers Join Groundbreaking Initiative To Improve Cargo Safety

Major Maritime Insurers Join Groundbreaking Initiative To Improve Cargo Safety

Safetytech Accelerator is pleased to confirm that major UK maritime insurers, the UK P&I Club and TT Club have signed...
Read More
Asia Fuel Oil-HSFO rebounds; Saudi extends oil cuts to year-end

Asia Fuel Oil-HSFO rebounds; Saudi extends oil cuts to year-end

Asia’s spot market for high sulphur fuel oil (HSFO) firmed on Wednesday, a day after Saudi Arabia and Russia said...
Read More
ClassNK and FUKUI to collaborate toward the installation of safety relief valve for cargo tank of liquefied hydrogen carrier on actual ships

ClassNK and FUKUI to collaborate toward the installation of safety relief valve for cargo tank of liquefied hydrogen carrier on actual ships

Fukui Seisakusho Co., Ltd. (FUKUI) and ClassNK have signed a Memorandum of Understanding concerning a joint study on a safety...
Read More