News Flash
Iron ore gains on China property sector stimulus, lower imports
Iron ore futures advanced on Tuesday, as market participants weighed property sector-related stimulus in top consumer China and a fall...
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BW LPG Reports Third Quarter Net Profit of $122.2 Million
Highlights and Subsequent Events Strongest quarterly performance on record with daily TCE of USD 61,800 per calendar day and USD...
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LNG-fueled Panamax Coal Carrier Reimei Commences Operation
Mitsui O.S.K. Lines, Ltd. (MOL) and Kyushu Electric Power Co., Inc. (Kyuden) today announced a Panamax coal carrier that uses...
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ZeroNorth Consolidates Bunker Businesses To Accelerate Environmental Impact
Technology company ZeroNorth has today announced that it is consolidating its existing bunkering business under the ZeroNorth brand, unlocking faster...
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Asia Fuel Oil-VLSFO refining margins rise further on tight supplies
Refining margins for very low sulphur fuel oil (VLSFO) extended gains on Tuesday amid persisting tight supplies, market participants said....
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Seanergy Maritime Reports Fleet Time Charter Equivalent (“TCE” 3) overperformance of Baltic Capesize Index (“BCI”) by 14% in 3Q23 & by 18% in 9M23
Seanergy Maritime Holdings Corp, announced yesterday its financial results for the third quarter and nine months ended September 30, 2023....
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Fuel Flexibility Benefits of New Oil Highlighted in Chevron White Paper
Chevron Marine Products’ new lubricating oil has a lot to offer, and this is highlighted in a White Paper that...
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HD HHI to Mark up LNG Carrier Prices
After HD HHI won a provisional contract to build 17 liquefied natural gas (LNG) carriers from Qatar Energy in October,...
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S&P Global Market Intelligence Projects Supply Chain Resilience to Remain Vital in 2024, but Willingness and Ability to Pay for it May be Lacking
Resilience in supply chains remains vital but may prove too expensive for many firms, according to a new S&P Global...
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Baltic index scales three-week high on smaller vessels demand
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, inched up to a three-week...
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Dry Bulk Market: Positive Momentum in All Classes
Capesize The week began with an encouraging start in the Pacific market, marked by positive sentiment and a notable increase...
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Dry bulk market braces for tightening Panama transit restrictions
The tightening transit restrictions through the Panama Canal are predominantly impacting the southbound trade in the region, nudging a shift...
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Japanese lifters of US LNG weigh alternatives to Panama Canal amid tightening transits
Japanese lifters of US LNG are considering alternative options for shipping their winter cargoes in light of tightening restrictions through...
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ICS-2 Implementation Postponement Offers Shippers Extended Period for Strategic Compliance Readiness with Trade Tech
In light of the newly announced schedule for the European Union’s Ocean Import Control System 2 (ICS-2), Trade Tech, a...
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Ukraine freight costs moderate after vessel attack.
Snapshot of the global export markets for grains, oilseeds and edible oils reported by government and private sources, as of...
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Shipping giant CMA CGM reports drop in quarterly profit, better volumes.
CMA CGM said on Friday its profit fell in the third quarter as a COVID-era boom in shipping continued to...
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ABS Consulting Hosts Inaugural Life Sciences Maximo Summit Addressing Asset Management Strategies
ABSG Consulting Inc. (ABS Consulting), a leading global risk management company, hosted key industry players during the company’s inaugural Life...
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Drewry: World Container Index Up 7%
The composite index increased by 7% to $1,504 this week and has dropped by 46% when compared with the same...
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Baltic index logs weekly gain as rates across vessels rise.
The Baltic Exchange’s dry bulk sea freight index rose on Friday, marking a weekly rise, steered by higher rates across...
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China’s weekly coastal bulk freight index rises.
China’s coastal bulk freight index increased during the week ending on Nov. 10, according to the Shanghai Shipping Exchange (SSE)....
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