News Flash

Singapore port authority seeks proposals for fully electric harbor craft.

Singapore port authority seeks proposals for fully electric harbor craft.

Singapore’s Maritime and Port Authority (MPA) has issued an expression of interest (EOI) calling for proposals to design and promote...
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Russian gasoline exports jump as Asia, Africa replace Europe

Russian gasoline exports jump as Asia, Africa replace Europe

Russia’s gasoline exports rose in January to June despite the introduction of the European Union’s embargo, thanks to healthy supplies...
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Cheniere shunning Panama Canal for longer LNG routes to Asia

Cheniere shunning Panama Canal for longer LNG routes to Asia

Top U.S. LNG exporter Cheniere Energy LNG.A is shunning the Panama Canal to transport liquefied natural gas to Asia because...
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Asia’s benchmark HSFO cash differential surges to highest in over 10 months

Asia’s benchmark HSFO cash differential surges to highest in over 10 months

The benchmark Singapore 380 CST high sulfur fuel oil cash differential over the grade’s swap values soared to its highest...
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US retail investors add equities, while hedge funds trim exposure

US retail investors add equities, while hedge funds trim exposure

Retail investors bought roughly $7 billion of equities last week, showing a near record appetite for shares since 2016, while...
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Baltic index edges up on panamax, supramax gains

Baltic index edges up on panamax, supramax gains

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, edged higher on Tuesday, aided...
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Smart container fleet to expand 6-fold over the next 5 years.

Smart container fleet to expand 6-fold over the next 5 years.

The global telematics-enabled container equipment fleet is forecast to grow 6-fold over the next 5 years and account for 30%...
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What would net-zero shipping look like?

What would net-zero shipping look like?

At a UN summit, countries have agreed to curb shipping emissions to net zero “by or around 2050”. At the...
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The 2023 IMO GHG strategy sends an unequivocal signal to investors that ships being ordered today, and many already built, have to be capable of running on zero-emission fuels.

The 2023 IMO GHG strategy sends an unequivocal signal to investors that ships being ordered today, and many already built, have to be capable of running on zero-emission fuels.

With a combination of further IMO action, national, regional and industry action, a 1.5-aligned GHG reduction pathway is more clearly...
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Belships and V. announce strategic partnership.

Belships and V. announce strategic partnership.

Belships ASA and V.Group are pleased to announce a strategic partnership related to Belships’ fleet and ship management business. Belships...
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Why are Russian oil products still being sold in America?

Why are Russian oil products still being sold in America?

The United States has done a great deal to help Ukraine fend off Russia’s full-scale invasion and terrorist tactics since...
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Euro zone investor mood tumbles more than expected in July

Euro zone investor mood tumbles more than expected in July

Investor morale in the euro zone sank more than expected in July, hitting a low not seen since Europe’s energy...
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China’s consumer-driven sectors are a ‘sweet spot’ and opportunity for investors, says KKR

China’s consumer-driven sectors are a ‘sweet spot’ and opportunity for investors, says KKR

From pet food to liquor and lighting fixtures, global investing firm KKR is putting its money behind a suite of...
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Weeklong dock strike on Canada’s west coast is starting to pinch small businesses, experts say

Weeklong dock strike on Canada’s west coast is starting to pinch small businesses, experts say

Canadian consumers aren’t yet feeling the impact of the weekold port strike in British Columbia, but businesses are beginning to...
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Asia Naphtha/Gasoline-Naphtha crack extends gains amid drop in Russian supplies

Asia Naphtha/Gasoline-Naphtha crack extends gains amid drop in Russian supplies

Asia’s naphtha refining profit extended gains on Monday amid a drop in supply from Russia in recent weeks, although the...
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Baltic index gains on uptick in capesize, panamax rates

Baltic index gains on uptick in capesize, panamax rates

The Baltic Exchange’s main sea freight index rose on Monday, helped by rising rates for the larger vessel segments. The...
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Ship queues mount as dockworker strike in Canada drags on.

Ship queues mount as dockworker strike in Canada drags on.

Canada’s two largest Pacific ports — Vancouver and Prince Rupert — remained at a standstill Friday as a strike by...
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The Fourth Round of the Clean Maritime Demonstration Competition (CMDC4) was announced.

The Fourth Round of the Clean Maritime Demonstration Competition (CMDC4) was announced.

The UK government has today announced a substantial commitment of £34 million in funding to support the maritime sector’s development...
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Asia-US container rates tick lower; Canada port strike enters 7th day.

Asia-US container rates tick lower; Canada port strike enters 7th day.

Rates for shipping containers from east Asia and China to the US continue to fall amid soft demand for goods,...
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World Shipping Council: MEPC 80 climate targets must be followed by robust regulation.

World Shipping Council: MEPC 80 climate targets must be followed by robust regulation.

At MEPC 80, IMO member nations met the shipping industry’s call for action on climate, setting a target of net-zero...
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