News Flash

Seanergy Maritime Holdings Corp. Expects to Benefit From “The Best Dry Bulk Market Fundamentals of the Past Three Decades”

Seanergy Maritime Holdings Corp. Expects to Benefit From “The Best Dry Bulk Market Fundamentals of the Past Three Decades”

Seanergy Maritime Holdings Corp., announced yesterday its financial results for the second quarter and six months ended June 30, 2023....
Read More
Asia Fuel Oil-cst cash differential hits 16-month high

Asia Fuel Oil-cst cash differential hits 16-month high

Asia’s cash differential for 380-cst high sulphur fuel oil (HSFO) spiked to a 16-month high on Wednesday, as bids continued...
Read More
Iraq exports over 106 mln barrels of crude oil in July

Iraq exports over 106 mln barrels of crude oil in July

Iraq exported about 106.75 million barrels of crude oil in July, generating 8.29 billion U.S. dollars in revenue, the country’s...
Read More
Russia could be ready for Black Sea grain deal talks, but no evidence yet -US

Russia could be ready for Black Sea grain deal talks, but no evidence yet -US

The United States has been told that Russia is prepared to return to talks on a deal that had allowed...
Read More
Oil exports from Russia’s Baltic ports set to decline 11% for Aug 1-10 – traders

Oil exports from Russia’s Baltic ports set to decline 11% for Aug 1-10 – traders

Oil exports from Russia’s Baltic ports, Primorsk and Ust-Luga, were set at 1.6 million tonnes for August 1-10, down from...
Read More
HD Hyundai Cements No. 1 Position in Marine Engine Market

HD Hyundai Cements No. 1 Position in Marine Engine Market

HD Hyundai, which has an unrivaled presence in the world marine engine market, has further strengthened its position with the...
Read More
Phillips 66 joins rival refiners with sharp quarterly profit drop

Phillips 66 joins rival refiners with sharp quarterly profit drop

Phillips 66 (NYSE:PSX) reported a sharp fall in second-quarter profit on Wednesday, the latest U.S. refiner to bear the brunt...
Read More
Baltic index snaps 5-day winning streak as capesize rates slip

Baltic index snaps 5-day winning streak as capesize rates slip

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, snapped a five-session winning streak...
Read More
Diana Shipping Inc. Reports Second Quarter Net Income of $10.4 Million

Diana Shipping Inc. Reports Second Quarter Net Income of $10.4 Million

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, yesterday reported...
Read More
Greek July factory activity expands as output, new orders grow -PMI

Greek July factory activity expands as output, new orders grow -PMI

Greek factory activity expanded in July for the sixth month in a row, as output and new orders grew and...
Read More
China pledges financing support for small firms amid weak economic recovery

China pledges financing support for small firms amid weak economic recovery

Chinese ministries, regulators and the central bank on Tuesday pledged more financing support to small businesses, suggesting an urgency among...
Read More
U.S. crude, products supplied rise in May to highest since August 2019 -EIA

U.S. crude, products supplied rise in May to highest since August 2019 -EIA

U.S. product supplied of crude and petroleum products, a proxy for demand, rose to 20.78 million barrels per day (bpd)...
Read More
Iron ore end mixed on China’s stimulus hopes, oversupply concerns

Iron ore end mixed on China’s stimulus hopes, oversupply concerns

Dalian iron ore futures edged up slightly on Tuesday, while Singapore iron ore futures fell with the market responding cautiously...
Read More
Ocean Yield Announces Investment in four product tankers with inaugural sustainability-linked lease

Ocean Yield Announces Investment in four product tankers with inaugural sustainability-linked lease

Ocean Yield AS is pleased to announce that it has agreed to purchase four LR1 product tankers, to be constructed...
Read More
Hanwha Ocean wins $259.9 mln LNG tanker contract from Asian client

Hanwha Ocean wins $259.9 mln LNG tanker contract from Asian client

South Korean major shipbuilder Hanwha Ocean, formerly known as Daewoo Shipbuilding & Marine Engineering, has won its first LNG tanker...
Read More
Russia says thwarts Ukrainian attacks on navy and civilian ships in Black Sea

Russia says thwarts Ukrainian attacks on navy and civilian ships in Black Sea

Russia’s defence ministry said on Tuesday it had thwarted attacks by Ukrainiansea drones onits navy and civilian ships in the...
Read More
Asia Fuel Oil-HSFO jumps on strong bids, but headwinds loom

Asia Fuel Oil-HSFO jumps on strong bids, but headwinds loom

Asia’s cash differential for high sulphur fuel oil (HSFO) jumped sharply on Tuesday as strong bids emerged, though headwinds loomed...
Read More
Baltic index climbs to over 1-month high on demand for larger vessels

Baltic index climbs to over 1-month high on demand for larger vessels

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for a fifth straight...
Read More
Signing Contracts for US$49.3M, PIS (Pertamina) Now Sails across 26 International Routes

Signing Contracts for US$49.3M, PIS (Pertamina) Now Sails across 26 International Routes

PT Pertamina International Shipping (PIS), through its branch office in Dubai, PIS Middle East (PIS ME), has achieved another success...
Read More
Carrier reliance on leased container fleet to support higher per diems and cash returns

Carrier reliance on leased container fleet to support higher per diems and cash returns

Drewry expects the global pool of container equipment to contract by 2% in 2023 as trade growth remains weak and...
Read More