News Flash
Russia surpasses UAE as India’s top naphtha supplier amid discounts
Russia has overtaken the United Arab Emirates (UAE) to become India’s top naphtha supplier, data shows, as New Delhi takes...
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Asia Distillates-Markets weighed on by closed arb, limited regional cues
Asia’s middle distillates market remained weighed on by a closed east-west arbitrage window, for gasoil specifically, weakening ICE gasoil futures...
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Lloyd’s Register unifies its digital offering with OneOceanLR
Lloyd’s Register has merged its existing digital platforms under its new OneOceanLR brand, which has been launched following several recent...
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Asia Fuel Oil-HSFO cash discount deepens, while VLSFO rally cools
Asia’s spot high sulphur fuel oil (HSFO) market slipped into a steeper discount on Thursday, while the very low sulphur...
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Institutional investors advised by J.P. Morgan order dual-fuel methanol IMO II Mr newbuilds with Totalenergies
J.P. Morgan Global Alternative’s Global Transportation Group (“JPMGTG”) (is pleased to announce that institutional investors advised by JPMGTG have concluded...
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Greece proposes using Aegean Sea ports for transporting Ukrainian grain
Greece proposes to use its ports in the Aegean Sea as a corridor for the export of Ukrainian grain, writes...
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Baltic index scales 11-month peak on robust capesize demand
The Baltic Exchange’s main sea freight index rose to an 11-month high on Thursday as demand for capesize vessels remained...
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TotalEnergies Marine Fuels completes first LNG bunker operations for new dual-fuelled vessels owned by the Angelicoussis Group
TotalEnergies Marine Fuels has recently completed its first liquefied natural gas (LNG) bunkering operations for two new, dual-fuelled vessels owned...
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Cargill faces Brazil criminal probe over Amazon port project
Brazilian federal prosecutors are investigating transactions involving grains trader Cargill and a Brazilian partner after they found “irregularities” in the...
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Saudi Arabia, Russia to continue 1.3 mil b/d supply cuts to end 2023
Saudi Arabia and Russia have confirmed plans to continue combined 1.3 million b/d supply cuts until the end of 2023...
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Global copper market to see 27,000 metric ton deficit in 2023, says ICSG
The global copper market is expected to see a deficit of 27,000 metric tons this year and a surplus of...
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India Cenbank seen holding rates steady Friday but striking hawkish tone
India’s monetary policy committee is widely expected to keep key rates on hold when it announces its decision on Friday...
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Asia Fuel Oil-VLSFO cargo holds firm though bunker premiums lag
Spot cargo premiums for Asia’s very low sulphur fuel oil market largely held to their recent strength on Wednesday, though...
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Maersk-Backed C2X and the Egyptian Government sign Framework Agreement for the next steps towards large scale green methanol production in Egypt
In the presence of the Egyptian Prime Minister, C2X today signed a comprehensive Framework Agreement (FWA) with its Egyptian sponsors...
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Maersk Tankers ventures into LR1 segment
Maersk Tankers has launched its first ever pool in the Long-Range 1 (LR1) tanker segment, with Sanmar Shipping becoming its...
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Beyond Scarcity: How the Panama Canal Manages the Fresh Water Challenge
The year 2023 has been particularly dry, according to Panama Canal statistics, primarily due to the effects of the El...
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Baltic index ticks down as panamax losses outweigh capseize gains
The Baltic Exchange’s main sea freight index edged down on Wednesday, as panamax rates hit a three-week low, offsetting a...
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Asia Fuel Oil-VLSFO firms on tighter supply expectations
Asia’s very low sulphur fuel oil (VLSFO) market extended gains on Tuesday amid a tighter supply outlook, with market backwardation...
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Shipbuilder Damen sues Dutch government over Russia sanctions
Dutch shipbuilder Damen Shipyards has sued the Dutch government over damages it says it has suffered due to European sanctions...
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ILWU Dockworkers Union’s Sway at West Coast Ports Is Tested in Bankruptcy
The West Coast dockworkers union’s bankruptcy filing puts a dent in the armor of one of the country’s most powerful...
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Recent News
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