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Q2’23 Carbon emission carrier ranking | Far East – North Europe
We return with the latest update on the Xeneta and Marine Benchmark Carbon Emissions Index (CEI) results. Our focus this...
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Ukraine hits Russian tanker with sea drone near Crimea Bridge
A Ukrainian sea drone full of explosives struck a Russian fuel tanker overnight near a bridge linking Russia to annexed...
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SAAM Closes First Half of 2023 with Net Income of US$33.5 Million
SAAM reports net income of US$33.5 million for first half of 2023. Sales totaled US$449.2 million (+10%) and consolidated EBITDA...
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Ukraine announced a war risk area in the waters of six Russian ports
Ukraine has announced a war risk area in the waters of Russian ports on the Black Sea. This follows from...
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Saudi Arabia, Russia extend oil cuts ahead of OPEC+ committee meeting
OPEC+ leaders Saudi Arabia and Russia are set to keep tightening the oil market into the autumn, announcing Aug. 3...
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Surging U.S. crude oil exports disrupt European, Asian prices
Surging U.S. crude exports in 2023 are pushing down oil prices in Europe and Asia, proving a key source of...
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China to lift tariffs on Australian barley as trade ties improve
China’s Ministry of Commerce said on Friday it would drop anti-dumping and anti-subsidy tariffs on Australian barley imports that had...
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MV Janet Marie, the Newest Addition to Pasha Hawai‘i’s Container Ship Fleet, Makes Her Inaugural Arrival at Honolulu Harbor’s Pier 51
Arrival marks the company’s second container ship to operate on natural gas; Pasha Hawaii donates $25,000 to non-profit Kupu in...
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End of ‘easy bunkering’ in sight on shifting oil flows: TFG Marine
The days of picking and choosing from a range of bunker fuels at ports are disappearing as geopolitics cause oil...
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Russian Seaborne Crude Oil Export Volumes Fall 16% M/M And May Fall Further
Russian seaborne crude oil export volumes have remained strong and grew 13% y/y in 2022 despite the invasion of Ukraine....
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Asia Fuel Oil-HSFO rally stalls, inventories continue to rise
A recent rally in high sulfur fuel oil (HSFO) showed signs of pausing as of Thursday, while landed inventories at...
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More Tankers, fewer Bulkers Were Bought in the S&P Market During the First Half of 2023
Ship owners gravitated towards more tanker acquisitions, than bulker ones, during the first six months of 2023. In its latest...
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Carrier reliance on leased container fleet to support higher per diems and cash returns.
A downturn in trade and mass disposal of surplus equipment will lead to a 2% contraction in the global container...
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Asia crude imports hit high as China, India gorge on Russian oil
Asia’s crude imports lifted to a record high in July as the top-importing region’s two biggest buyers, China and India,...
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Nakilat achieves QAR 775mln net profit for the first half of 2023
Nakilat, one of the world’s largest Liquefied Natural Gas (LNG) fleet operators achieved a net profit of QAR 775 million...
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Asia Rice: India export curbs push prices in top hubs to new highs
A blistering rally in rice export prices from top Asian hubs showed no signs of letting up this week, as...
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Saudi Arabia extends 1 mln bpd oil cut, may deepen it in future
Saudi Arabia will extend a voluntary oil output cut of one million barrels per day for another month to include...
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Iron ore slump widens as China demand concerns mount
Iron ore futures slumped on Thursday on fresh concerns about China’s steel production curbs and recovery prospects for the struggling...
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Baltic index edges up on firm panamax demand
The Baltic Exchange’s main sea freight index .BADI edged higher on Thursday, buoyed by an uptick in panamax vessel rates....
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Container xChange Update on Impact of Severe Flooding and Typhoon Threat in China
Container xChange is closely monitoring the severe flooding caused by torrential rains and the remnants of Typhoon Doksuri in China....
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