News Flash
Asia Distillates-Margins slip 7%, premiums at 3-mth low on persistent futures weakness
Asia’s middle distillates markets slipped for a second straight session as weakness in the gasoil futures and paper swaps market...
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Baltic index extends decline on capesize weakness
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell to a three-week low...
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US crude, gasoline stockpiles rise as refiners run less oil -EIA
U.S. crude oil stockpiles jumped last week as refinery utilization dropped, whilegasoline inventories posted a surprise build, the Energy Information...
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China signs US soy export deals, but unclear if sales will follow -Braun
U.S. soybean exporters have recently seen less action than usual from top customer China, though the two parties signed a...
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Iron ore climbs over 3% on China fiscal stimulus hopes
Iron ore futures climbed more than 3% on Tuesday as Beijing was seen preparing an additional sovereign debt issuance as...
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Euro zone October PMI at near 3-year low, stirring recession worries
Euro zone business activity took a surprise turn for the worse this month as demand fell in a broad-based downturn...
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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’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
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’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 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
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
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
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
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
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 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
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
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
Traffic is growing again at Valenciaport. After six months reflecting downward records, the Statistical Bulletin of the Port Authority of...
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