News Flash
Tankers: Crude Flows Constantly Shifting
seaborne crude oil flows keep on changing, with China having recently emerged as major buyer of US crude oil. In...
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Drewry: Port Equity Index Down 0.9%, Despite Stock Market Boom
The ongoing rally in the broader S&P is fuelled by the bullish bets placed on the technology stocks, while high...
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Asia Fuel Oil-HSFO margins close at more than one-year highs
Refining margins for high sulphur fuel oil (HSFO) closed the final trading day of the month at more than one-year...
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Iron ore inches higher on fresh China support
Iron ore futures edged up on Monday after Chinese authorities announced measures to increase consumption, although a sluggish manufacturing sector...
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Canada’s dock workers, employers reach tentative labour deal
West coast dock workers in Canada and their employers’ association reached a settlement agreement on Sunday night, the parties said...
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Ukraine and Croatia agree on use of Croatian ports for grain exports
Ukraine and Croatia have agreed on the possibility of using Croatian ports on the Danube and the Adriatic Sea for...
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Rhine river levels in Germany close to normal after rain
Repeated rainfall has raised water levels on the river Rhine in Germany, with much of it back or close to...
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Baltic index rises, logs second straight monthly gain
The Baltic Exchange’s main sea freight index gained on Monday, posting its second straight monthly gain, supported by an uptick...
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Longshoremen’s union can sue shipping association over port jobs -4th Circ
A union representing longshoremen was within its rights to sue an association of shipping companies to stop their vessels from...
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OCI Global and X-Press Feeders sign green methanol offtake agreement, decarbonizing a key link in the global shipping chain
OCI Global (Euronext: OCI) and X-Press Feeders have announced that OCI Hyfuels will supply XPress Feeders with green methanol in...
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Platts Forties Sulfur de-escalator at 3-year low on firm sour crude, fuel oil
Platts Forties sulfur de-escalator was assessed July 25 at its lowest value since June 2022, as record strength in sour...
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Shipping group CMA CGM braced for weaker profit before demand picks up in 2024
French shipping group CMA CGM expects container freight demand to improve from next year but the group’s profits will continue...
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Tankers: VLCC Rates in the Middle East Softened This Week
Clean The BCTI finished the week at 671, up from 610 the previous week. In the Middle East Gulf freight...
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Pyxis Tankers Inc is expected to post earnings of 23 cents a share
Pyxis Tankers Inc is expected to show a fall in quarterly revenue when it reports results on August 7. The...
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Grafmarine Solar Energy Cells tested on Carisbrooke Vessel
Carisbrooke Shipping Ltd, which operates a fleet of multi-purpose vessels from offices in Cowes on the Isle of Wight, signed...
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Western Canada dock workers union rejects labor contract.
Dock workers in Western Canada have rejected a proposed labor contract that would have ended a dispute that has already...
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S.Korea’s shipbuilders near $9.4 bn in LNG carrier orders from Qatar.
South Korea’s top three shipbuilders — HD Hyundai Heavy Industries Co., Hanwha Ocean Co. and Samsung Heavy Industries — as...
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Russia threatens civilian vessels in Black Sea, Ukraine says.
A senior Ukrainian official accused Russia on Friday of threatening civilian vessels in the Black Sea, and urged the international...
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Saudi unlikely to continue oil production cut – Julius Baer
Saudi Arabia is “unlikely to continue” with its solo oil production cut, after fellow petro-nations did not join the kingdom...
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ECB raises key rate to historic high, keeps options open
The European Central Bank raised its deposit rate to a historic high on Thursday and kept its options open on...
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