News Flash

NYK Bulkship (Asia) Commences First Shipment of Sustainable Aviation Fuel

On May 25, NYK Bulkship (Asia) Pte. Ltd. commenced its first shipment of Sustainable Aviation Fuel (SAF). The SAF left...
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A full week of AUV demonstrations for DIU and US Navy

KONGSBERG Discovery successfully completed in-water demonstrations of the HUGIN Autonomous Underwater Vehicle (AUV) as part of the commercial evaluation of...
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EU approves law to hit gas imports with methane emissions limit

European Union countries approved a law on Monday to impose methane emissions limits on Europe’s oil and gas imports from...
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Iron ore dips as falling China demand, high shipments weigh

Iron ore futures prices slid on Monday after some investors and traders liquidated long positions to cash in profits on...
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Asia Fuel Oil-VLSFO retains downside; bunker premiums at year-to-date lows

Asia Fuel Oil-VLSFO retains downside; bunker premiums at year-to-date lows

Asia’s Very Low Sulphur Fuel Oil (VLSFO) benchmarks inched lower on Monday, retaining downside risks along with bunker fuel premiums...
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European shipowners welcome Council call for a competitive maritime sector

Member States adopted last Friday Council conclusions calling for a maritime industrial strategy to enhance the competitiveness of the sector....
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Wind Propulsion Systems will be Installed on 7 Vessels Operated by MOL Dry bulk

Wind Propulsion Systems will be Installed on 7 Vessels Operated by MOL Dry bulk

Mitsui O.S.K. Lines, Ltd. and its group company MOL Dry bulk Ltd. yesterday announced their intent to install wind propulsion...
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India’s robust LNG imports are Asia’s standout, but higher prices may weigh

Asia’s imports of Liquefied Natural Gas (LNG) are displaying contrasting dynamics in May, with strength in usually price-sensitive buyers like...
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LR awards Approval in Principle to Seaspan Corporation for Next Generation Feeder Ship Design

Lloyd’s Register (LR) has awarded Approval in Principle (AiP) to Seaspan Corporation for its innovative Next Generation Feeder Ship Design....
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US drillers cut oil and gas rigs for fourth time in five weeks – Baker Hughes

U.S. energy firms this week cut the number of oil and natural gas rigs operating for the fourth time in...
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Asian spot LNG prices at five-month high on firm demand, geopolitical risks

Asian spot LNG prices at five-month high on firm demand, geopolitical risks

Asian spot Liquefied Natural Gas (LNG) prices rose for the fourth straight week and hit its highest level in five...
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Port of Tanjung Pelepas inks deals for 11 ULCV capacity quay cranes

Port of Tanjung Pelepas SdnBhd (PTP), a joint venture between the MMC Group and APM Terminals in Malaysia, has signed...
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Lakeway Link Partners with ScanOcean to Utilize Sustainable Marine Fuel, Enhancing Environmental Commitments

Lakeway Link AB, in its latest strategic move towards sustainable operations, has announced a significant new partnership with ScanOcean AB,...
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Yemen’s Houthis say they launch attacks on 3 ships including one in Mediterranean

Yemen’s Houthis launched attacks on three ships in the Red Sea, Mediterranean Sea and Arabian Sea, the Iran-aligned group said...
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Singapore fuel oil stockpiles hit lowest in 5-1/2 years as supplies to Asia drop

Singapore fuel oil stockpiles hit lowest in 5-1/2 years as supplies to Asia drop

Onshore fuel oil stockpiles at key storage hub Singapore plummeted to a 5-1/2-year low, latest data showed, as incoming supplies...
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IMO condemns “illegal, unjustifiable” attacks on ships in Red Sea

Member States of the International Maritime Organization (IMO) – the UN agency that regulates global shipping have called for an...
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Asia Fuel Oil-HSFO cracks log weekly climb, stockpiles draw lower at key hubs

Refining cracks for high sulphur fuel oil posted weekly gains as of Friday, as the market retained strength against a...
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Russia says secondary sanctions are hurting export revenues, oil payments

Expanded sanctions on Russia and enhanced pressure on countries that Moscow considers friendly are hurting Russian firms’ export revenues and...
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Russia’s Novak says fuel export bans will be used again

Russia will use fuel export bans again as a way of regulating supply and demand, but for now the domestic...
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Oil and gas contracts market sees 37% decline in value during Q1 2024, reveals GlobalData

The oil and gas contracts market faced turbulence, with a notable quarter-on-quarter (QoQ) decline of 37% in disclosed contract value,...
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