News Flash

Port of Los Angeles cargo volume increases again in September

Port of Los Angeles cargo volume increases again in September

For the second consecutive month, Port of Los Angeles cargo volume increased compared to 2022. The Port handled 748,440 Twenty-Foot...
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Asia Distillates-Markets slip despite thin liquidity, Nov spot tenders continue

Asia Distillates-Markets slip despite thin liquidity, Nov spot tenders continue

Asia’s middle distillates markets softened mostly against a backdrop of thinning spot trading liquidity and softer ICE gasoil futures, though...
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Russia strikes deal with Dubai’s DP World to develop Arctic sea route

Russia strikes deal with Dubai’s DP World to develop Arctic sea route

Russian nuclear agency Rosatom said on Tuesday it has set up a joint venture with Dubai’s DP World to develop...
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Asia Fuel Oil-VLSFO cash premium extends slide for sixth session

Asia Fuel Oil-VLSFO cash premium extends slide for sixth session

Asia’s cash premium for 0.5% very low sulphur fuel oil (VLSFO) eased for a sixth consecutive session on Tuesday, after...
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Vitol targets Asia biofuel growth with specialist bunker barges

Vitol targets Asia biofuel growth with specialist bunker barges

Vitol is strengthening its position in Asia’s expanding biofuel market, with the delivery of specialised bunker barges to Singapore in...
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Integr8 Fuels: Robust Regulation and Licensing Key to Ensuring ARA’s Mass Flow Meter Mandate is a Success

Integr8 Fuels: Robust Regulation and Licensing Key to Ensuring ARA’s Mass Flow Meter Mandate is a Success

On 19 October, the Port of Rotterdam and Antwerp-Bruges Port Authority officially confirmed that Mass Flow Metres (MFM) will become...
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Cross-UKC Aframax freight rate hits YTD high amid North Sea tonnage crunch

Cross-UKC Aframax freight rate hits YTD high amid North Sea tonnage crunch

Aframax dirty tanker freight rates for cross UK-Continent voyages rose sharply on the day Oct. 23, with market sources citing...
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Baltic index falls for fourth straight day on weaker capesize rates

Baltic index falls for fourth straight day on weaker capesize rates

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the fourth consecutive...
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Raízen And Wärtsilä Sign Agreement to Accelerate Fleet Sustainability through Ethanol-Based Solutions

Raízen And Wärtsilä Sign Agreement to Accelerate Fleet Sustainability through Ethanol-Based Solutions

Decarbonization agreement aims to explore use of ethanol as marine fuel to reduce GHG emissions and advance development of first...
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EXMAR, ENI And Dry Docks World Dubai Celebrate The Sail Away Of Tango FLNG And Excalibur FSU Vessels To Congo

EXMAR, ENI And Dry Docks World Dubai Celebrate The Sail Away Of Tango FLNG And Excalibur FSU Vessels To Congo

In the presence of the Ministry of Hydrocarbons of the Republic of Congo, Bruno Jean Richard Itoua, senior representatives from...
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China’s weekly coastal bulk freight index remains flat

China’s weekly coastal bulk freight index remains flat

China’s coastal bulk freight index remained flat in the week ending Oct 20, according to the Shanghai Shipping Exchange. The...
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Transformational Technologies, Sustainability Solutions Lead ABS Japan National Committee Meeting

Transformational Technologies, Sustainability Solutions Lead ABS Japan National Committee Meeting

Maritime industry leaders came together at the annual ABS Japan National Committee Meeting to discuss the latest developments in technology,...
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Baltic index posts seventh straight weekly gain

Baltic index posts seventh straight weekly gain

The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, rose for the seventh...
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Valencia port’s traffic increases again

Valencia port’s traffic increases again

Traffic is growing again at Valenciaport. After six months reflecting downward records, the Statistical Bulletin of the Port Authority of...
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Why has OPEC increased its long-term oil demand outlook in the WOO 2023?

Why has OPEC increased its long-term oil demand outlook in the WOO 2023?

This past year has seen the OPEC Secretariat research team take onboard a variety of energy policy shifts, reassessments of...
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Strongest September On Record At Port Of Long Beach

Strongest September On Record At Port Of Long Beach

The Port of Long Beach achieved its busiest September on record, boosted by consumer demand for holiday-related goods, recent ratification...
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Global LNG: Asia spot prices rise on stronger northeast Asian demand

Global LNG: Asia spot prices rise on stronger northeast Asian demand

Asian spot liquefied natural gas (LNG) prices rose more than $3 this week to a near nine-month high, supported by...
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Inflation, commercial real estate among top financial stability concerns -Fed survey

Inflation, commercial real estate among top financial stability concerns -Fed survey

The chance for persistent inflation to keep interest rates higher and potential losses in the commercial real estate market are...
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Capesize gains propel the Baltic index to the fourth straight day of gains

Capesize gains propel the Baltic index to the fourth straight day of gains

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, extended gains for the fourth...
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‘No question’ that the decarbonization of shipping will contribute to inflation, says industry CEO.

‘No question’ that the decarbonization of shipping will contribute to inflation, says industry CEO.

The cost of decarbonizing the shipping industry will have a knock-on effect on consumers, according to a CEO in the...
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