News Flash
US drillers add oil and gas rigs for the first time in three weeks – Baker Hughes
U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks, as the...
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LNG floating storage starts to offload in Europe as gas storage withdrawals begin
LNG cargoes floating near the shores of Europe have begun to unload in November, as natural gas storages in the...
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Zhoushan’s balance-Nov term ex-wharf LSFO bunker premiums surge, supplies tighten
The term contractual ex-wharf 0.5%S marine fuel cargoes for the balance of November’s supply at the North Asian bunker hub...
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Rhenus modernises its canal push boats with the latest generation of engines
The Rhenus Group has made major changes to re-equip two canal pushboats operated by Deutsche Binnenreederei (DBR) so that they...
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Drewry: World Container Index Down 2% Last Week
Drewry’s World Container Index decreased by 2% to $1,469 per 40ft container this week. Our detailed assessment for Thursday, 16...
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GMS Week 46 – BRIGHTER DAYS AHEAD?
As Diwali holiday celebrations concluded earlier in the week, Alang Recyclers seems to slowly be filtering back to work amidst declining...
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Ukraine’s food exports to Asia and Africa fall due to blocked seaports -association
Ukraine has sharply reduced its exports of farm goods to Asian and African countries so far in 2023 due to...
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Vitol hires ship to load Venezuela crude for China after U.S. lifts sanctions – sources
Vitol, world’s largest independent oil trader, has provisionally chartered a supertanker to load oil from Venezuela for China, according to...
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Dalian iron ore falls as China steps in to tame prices
Dalian iron ore futures fell on Thursday, as Chinese authorities intervened to control soaring prices and weak property data fueled...
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Saudi Arabia’s crude exports rise in September
Saudi Arabia’s crude oil exports in September rose 3% from the previous month to 5.75 million Barrels Per Day (BPD),...
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High water closes parts of the Rhine River in South Germany to shipping
Parts of the river Rhine in Germany have been closed to shipping because of a rise in water levels following...
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Pollution from ships: stricter measures to stop illegal discharges
Ships in EU seas should face dissuasive fines not only for oil spills, but also for sewage and garbage discharge,...
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Asia Fuel Oil-HSFO cash differentials rebound, Singapore stocks fall
Cash differentials for high sulphur fuel oil (HSFO) rebounded on Thursday after inventories at Singapore’s commercial hub declined to a...
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European shipowners call for clean affordable fuels for shipping before Parliament vote on truck’s CO2 standards
The EU recently adopted the ‘Fit for 55’ package that introduces the new ambitious measures for Europe to reduce emissions...
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Baltic index rises on stronger vessel rates across segments
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for the sixth consecutive...
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Tougher EU methane rules mean the US gas sector must clean up act
As Europe’s top supplier of Liquefied Natural Gas (LNG), the United States has been the main beneficiary of the pivot...
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Higher monthly volumes of congestion at major Brazilian ports and days waiting
In the third week of November, the larger ship categories recorded greater stability in freight rates, which indicates a more...
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Ocean Safety unveils new brand identity at METSTRADE 2023
Marine safety specialist, Ocean Safety has unveiled its striking new brand identity at METSTRADE 2023. The brand refresh represents Ocean...
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KVH Crew Wellbeing Solutions Honored with 2023 CAREER4SEA Europort Award
On November 10, 2023, the SAFETY4SEA organization and Europort honored KVH Industries, Inc. (Nasdaq: KVHI) with its 2023 CAREER4SEA Europort...
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Ethos Shipmanagement Celebrates Its First-Year Anniversary and Marks The Occasion With A Gas Carrier Certification Endorsement
Cyprus based and newly formed company, Ethos Shipmanagement, celebrated its first-year anniversary last month with an exclusive dinner party, wrapping...
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