News Flash

LNG prices lower but still high on historical basis -Shell exec

LNG prices lower but still high on historical basis -Shell exec

Global liquefied natural gas (LNG) prices have reduced significantly but are still high on a historical basis, resulting in demand...
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India seeks more natural gas amid emergency measures to end blackouts

India seeks more natural gas amid emergency measures to end blackouts

India is seeking additional volumes of natural gas and has asked utilities to expedite the completion of power plant maintenance,...
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Japan’s Inpex interested in buying US LNG linked to Henry Hub prices, CEO says

Japan’s Inpex interested in buying US LNG linked to Henry Hub prices, CEO says

Inpex 1605.T, Japan’s top oil and gas producer, is interested in buying liquefied natural gas (LNG) from the United States...
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Maersk Finalizes ECO Delivery Deal with Amazon

Maersk Finalizes ECO Delivery Deal with Amazon

A.P. Moller – Maersk (Maersk) and Amazon have finalized a 2023-2024 agreement for the transport of 20,000 FFE containers using...
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Panama Canal water levels at historic lows, restrictions to remain

Panama Canal water levels at historic lows, restrictions to remain

The Panama Canal’s water levels have not recovered enough as the end of the rainy season approaches and limits on...
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Soybeans rebound as U.S. crop deteriorates in hot, dry weather

Soybeans rebound as U.S. crop deteriorates in hot, dry weather

Chicago soybean futures rose on Wednesday, recouping the last session’s losses, after a weekly U.S. government report showed that crop...
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Capesize uptick propels Baltic index

Capesize uptick propels Baltic index

The Baltic Exchange’s main sea freight index rose on Wednesday, supported by gains in the capesize segment. The overall index,...
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India remained top buyer of Russian Urals in Aug despite rising prices

India remained top buyer of Russian Urals in Aug despite rising prices

India remained the main buyer of Russian Urals oil loaded from the state’s ports in August, despite a record rise...
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Baltic index slips as capesize losses outweigh panamax gains

Baltic index slips as capesize losses outweigh panamax gains

The Baltic Exchange’s main sea freight index declined on Tuesday as capesize rates hit a near six-month low, offsetting a...
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Asia Fuel Oil-VLSFO softens, HSFO steadies on thin trade

Asia Fuel Oil-VLSFO softens, HSFO steadies on thin trade

Asia’s very low sulphur fuel oil (VLSFO) market weakened further as front-month backwardation continued to narrow, while high sulphur fuel...
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StormGeo Launches End-to-End Bunker Management Solution, Setting New Industry Standards for Full Data Control

StormGeo Launches End-to-End Bunker Management Solution, Setting New Industry Standards for Full Data Control

StormGeo, the leading provider of voyage optimization and weather intelligence solutions, today announces the launch of Bunker Management, providing the...
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NAVTOR demonstrates importance of Greek market with launch of NAVTOR Hellas

NAVTOR demonstrates importance of Greek market with launch of NAVTOR Hellas

NAVTOR, a global leader in maritime e-Navigation and performance solutions, has announced the opening of its eleventh office with the...
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WinGD and Samsung Heavy Industries to cooperate on future fuel applications

WinGD and Samsung Heavy Industries to cooperate on future fuel applications

Swiss marine power company WinGD and shipbuilder Samsung Heavy Industries (SHI) have agreed to cooperate on future fuel vessel applications...
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Carbon dioxide shipping set to surge on rising offshore storage demand

Carbon dioxide shipping set to surge on rising offshore storage demand

Carbon dioxide transportation is shifting to the seas as emitters look to move captured gas to offshore storage projects, according...
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Iron ore rally cools as traders assess China demand prospects

Iron ore rally cools as traders assess China demand prospects

Dalian iron ore dipped on Tuesday while the Singapore benchmark trimmed gains, as traders weighed China’s measures to revive its...
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Global refining output seen staying near full capacity on high margins

Global refining output seen staying near full capacity on high margins

Refiners globally are expected to run at near full capacity in the near term to seize strong margins while crude...
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BIMCO: Tanker Shipping Market Prospects Are Looking Positive

BIMCO: Tanker Shipping Market Prospects Are Looking Positive

We forecast that the crude tanker market will see cargo volume growth of between 2.0% and 3.0% in 2023 and...
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Venezuela’s August oil exports slump 38% as crude upgrading falls short

Venezuela’s August oil exports slump 38% as crude upgrading falls short

Venezuela’s oil exports in August fell 38% from a three-year high in July as state-run oil company PDVSA struggled to...
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Höegh LNG and Aker BP Form Strategic Partnership for Carbon Transport and Storage Solutions

Höegh LNG and Aker BP have entered a strategic partnership to develop a fully comprehensive carbon transport and storage offering...
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Iron ore gains as China property stimulus in focus

Iron ore gains as China property stimulus in focus

Iron ore futures clung to modest gains on Monday amid optimism over top global steel producer China’s policy support for...
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