News Flash

Tanker Market Moved Sideways Last Week

Tanker Market Moved Sideways Last Week

CleanLR2 LR2 freight levels have appeared to have been somewhat unsettled this week with no clear direction. TC1 has bubbled...
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Asia’s coal sector sees long, prosperous life despite energy transition

Asia’s coal sector sees long, prosperous life despite energy transition

Asia’s coal sector has gone from thinking they are in terminal decline as the world shifts to a net-zero carbon...
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Russia considers fuel export quotas to tackle high prices

Russia considers fuel export quotas to tackle high prices

Russia may introduce quotas on overseas fuel exports if a complete export ban imposed last week fails to bring down...
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Mississippi River near historic lows, grain exports at risk

Mississippi River near historic lows, grain exports at risk

A key stretch of the lower Mississippi River dropped this week to within inches of its lowest-ever level and is...
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SAIL to get coking coal from Russia

SAIL to get coking coal from Russia

State-owned Steel Authority of India Ltd (SAIL), the largest steel producer in the country, is ensuring it has adequate coking...
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India imports of Russian, and Iraqi oil rebound in September

India imports of Russian, and Iraqi oil rebound in September

India’s oil imports from Russia rebounded in September after hitting a seven-month low in August as prices fell against Middle...
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Five new cargo vessels heading for Ukrainian Black Sea ports -MarineTraffic

Five new cargo vessels heading for Ukrainian Black Sea ports -MarineTraffic

Five new ships are on their way to Ukrainian seaports using a new corridor opened to resume predominantly agricultural exports,...
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Russia’s fuel export ban will not be lifted soon – TASS cites minister

Russia’s fuel export ban will not be lifted soon – TASS cites minister

Russian Energy Minister Nikolai Shulginov said on Thursday that the ban on fuel exports will not be lifted soon and...
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WinGD wins first approval in principle for ammonia two-stroke engine

WinGD wins first approval in principle for ammonia two-stroke engine

Lloyd’s Register approval in principle will support shipowner confidence in vessel designs using ammonia-fuelled main engines. Swiss marine power company...
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Baltic index snaps 4-day winning streak as capesize rates slip

Baltic index snaps 4-day winning streak as capesize rates slip

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, snapped its four-session-long winning streak...
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Beijing says no extra quotas for clean oil product exports, crude imports: quota holders

Beijing says no extra quotas for clean oil product exports, crude imports: quota holders

The Chinese government will not issue new quotas for clean oil product exports and additional allowances for crude oil imports...
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China, Germany resume high-level financial talks

China, Germany resume high-level financial talks

China and Germany will co-host a third financial dialogue in Germany on Oct. 1, the Chinese foreign ministry said on...
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Asia Fuel Oil-Timespreads widen further, inventories slide

Asia Fuel Oil-Timespreads widen further, inventories slide

Asia’s fuel oil market continued to firm on Thursday amid stronger backwardation timespreads, while inventories at key trading hub Singapore...
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Airbus and LDA to install new fuel-saving sails for maritime operations

Airbus and LDA to install new fuel-saving sails for maritime operations

Louis Dreyfus Armateurs will equip one of the vessels it uses to transport aircraft subassemblies for Airbus, with a wind-assisted...
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Greece names Thessaloniki port operator preferred bidder for Volos port

Greece names Thessaloniki port operator preferred bidder for Volos port

Greece’s privatisation agency has named the operator of Thessaloniki port as the preferred bidder for acquiring a 67% stake in...
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Seapath and Pilot LNG Joint Venture to Develop First Dedicated LNG Bunkering Facility in U.S. Gulf Coast

Seapath and Pilot LNG Joint Venture to Develop First Dedicated LNG Bunkering Facility in U.S. Gulf Coast

Seapath, a maritime subsidiary of Libra Group, and Pilot LNG, LLC (Pilot), a Houston-based clean energy solutions company, today announced...
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World Maritime Day 2023 highlights marine environment protection

World Maritime Day 2023 highlights marine environment protection

This year sees the 50th anniversary of the adoption of the International Convention for the Prevention of Pollution from Ships...
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World Maritime Day Message Must Extend Beyond the Boundaries of Shipping, says INTERCARGO

World Maritime Day Message Must Extend Beyond the Boundaries of Shipping, says INTERCARGO

Never has the theme of this year’s World Maritime Day – ‘New technologies for greener shipping’ – been so in...
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Baltic index scales 11-month peak on strong capesize rates

Baltic index scales 11-month peak on strong capesize rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose to an 11-month...
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Asia Fuel Oil-Market firms with stronger bids, wider time spreads

Asia Fuel Oil-Market firms with stronger bids, wider time spreads

Asia’s fuel oil market strengthened on Wednesday with firmer bids for spot cargoes and wider backwardation time spreads. The 380-cst...
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