News Flash

Turkey, Brazil became main importers of Russian seaborne oil products in 2023

Turkey, Brazil became main importers of Russian seaborne oil products in 2023

Turkey and Brazil last year became the biggest importers of Russian seaborne diesel and gasoil after European Union sanctions barring...
Read More
Yemen Houthi leader says group will further escalate if attacks on Gaza do not stop

Yemen Houthi leader says group will further escalate if attacks on Gaza do not stop

The leader of Yemen’s Iran-aligned Houthis said on Tuesday that the group will further escalate if the Israeli attack on...
Read More
Asia Distillates-Margins at more than 3-mth high, physical markets quiet

Asia Distillates-Margins at more than 3-mth high, physical markets quiet

Asia’s middle distillates refining margins firmed to a more than three-month high of above $26 a barrel, reflecting the support...
Read More
Saudi Arabia keeps Arab Light crude price to Asia unchanged in surprise move

Saudi Arabia keeps Arab Light crude price to Asia unchanged in surprise move

Top oil exporter Saudi Arabia unexpectedly kept March price of its flagship Arab Light crude to Asia unchanged at a...
Read More
Asia Fuel Oil-HSFO holds in discounts amid persistent flurry of offers

Asia Fuel Oil-HSFO holds in discounts amid persistent flurry of offers

Asia’s high sulphur fuel oil (HSFO) market held in discounts on Tuesday as persistent selling interest and multiple offers continued...
Read More
Mitsui OSK rerouting all vessels via Cape of Good Hope

Mitsui OSK rerouting all vessels via Cape of Good Hope

Japan’s Mitsui OSK Lines (MOL) 9104.T has rerouted all of its ships via the Cape of Good Hope due to...
Read More
Baltic index rises on stronger vessel rates across segments

Baltic index rises on stronger vessel rates across segments

The Baltic Exchange’s dry bulk sea freight index rose to an over one-week high on Tuesday, as vessel rates gained...
Read More
Up to 35 Aframax tankers could switch to carrying cleaner fuel: Kpler

Up to 35 Aframax tankers could switch to carrying cleaner fuel: Kpler

As many as 35 oil tankers that usually carry crude or fuel oil could switch to carrying cleaner products like...
Read More
Asia LNG imports are robust, but record supply keeps spot prices muted

Asia LNG imports are robust, but record supply keeps spot prices muted

The spot price of liquefied natural gas (LNG) is continuing to meander at low levels amid ample supply from major...
Read More
Increase in LNG imports highlights Brazil’s impact on prices

Increase in LNG imports highlights Brazil’s impact on prices

The growing weight of Brazil in the global LNG market has been a driver in a push for more price...
Read More
Asia Distillates-Markets little changed; more spot activity likely for Mar soon

Asia Distillates-Markets little changed; more spot activity likely for Mar soon

Asia’s middle distillates markets were little changed on Monday on persistently limited swaps and physical discussions in the open trading...
Read More
Dalian iron ore falls on mounting inventory, China property worries

Dalian iron ore falls on mounting inventory, China property worries

Dalian iron ore futures fell on Monday, amid persistent caution due to mounting port inventory and lingering property worry in...
Read More

Oldendorff Carriers to significantly reduce emissions by outfitting three Norsepower Rotor Sails™ to a post-Panamax bulk carrier

Oldendorff and Norsepower have announced an agreement to use Norsepower Rotor Sails™ to further reduce CO2 emissions on a modern...
Read More
Action must be taken now to be ready for future crewing challenges, says Filipino crewing specialists Senator

Action must be taken now to be ready for future crewing challenges, says Filipino crewing specialists Senator

The industry needs to take action now to be ready for future crewing challenges and ensure quality seafarers are staying...
Read More
Ammonia attracts the shipping industry, but researchers warn of its risks

Ammonia attracts the shipping industry, but researchers warn of its risks

Switching to ammonia as a marine fuel, with the goal of decarbonisation, can instead create entirely new problems. This is...
Read More
Asia Fuel Oil-VLSFO cargo premiums hold, bunker premiums extend climb

Asia Fuel Oil-VLSFO cargo premiums hold, bunker premiums extend climb

Asia cash premiums for very low sulphur fuel oil (VLSFO) cargo held stable as of Monday, while bunker premiums continued...
Read More
Baltic index hits one-week high on capesize strength

Baltic index hits one-week high on capesize strength

The Baltic Exchange’s dry bulk sea freight index rose to a one-week high on Monday, as gains in the capesize...
Read More
Biden’s pause on US LNG export approvals: four questions answered

Biden’s pause on US LNG export approvals: four questions answered

On January 26th, after weeks of speculation and mounting concerted pressure from environmental activists and others, US President Joe Biden...
Read More
European LNG bunker fuel prices competitive despite winter

European LNG bunker fuel prices competitive despite winter

LNG bunker fuel in Rotterdam has been more competitive in comparison with other shipping fuels this winter, trading at discounts...
Read More
CMA CGM halts Red Sea transit on security risks

CMA CGM halts Red Sea transit on security risks

Shipping group CMA CGM on Friday suspended until further notice all crossings by its vessels of the Bab al-Mandab Strait...
Read More