News Flash

Russia to cut oil exports by 500,000 bpd in August, oil rises

Russia to cut oil exports by 500,000 bpd in August, oil rises

Russia will cut oil exports by 500,000 barrels per day (bpd) in August, President Vladimir Putin’s point man on oil...
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Iron ore slumps as China production cuts spark fears of demand drop

Iron ore slumps as China production cuts spark fears of demand drop

Dalian and Singapore iron ore futures slipped on Monday as traders became cautious of faltering demand after China’s top steelmaking...
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South Korea’s NOFI buys corn in tender for up to 138,000 metric tons

South Korea’s NOFI buys corn in tender for up to 138,000 metric tons

Leading South Korean animal feed maker Nonghyup Feed Inc. (NOFI) has bought animal feed corn from optional origins in an...
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Johor Port Partners With Mohr To Elevate Tvet

Johor Port Partners With Mohr To Elevate Tvet

Johor Port Berhad (Johor Port), a member of MMC Group, recently signed a three-year Memoranda of Cooperation (MoC) with the...
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Singapore’s MPA sees first ammonia bunkering from 2026, methanol pilot to pave way

Singapore’s MPA sees first ammonia bunkering from 2026, methanol pilot to pave way

The Maritime and Port Authority of Singapore expects ammonia bunkering to take place in its waters from 2026, following the...
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Waning vessel demand drags Baltic index lower

Waning vessel demand drags Baltic index lower

The Baltic Exchange’s main sea freight index recorded its lowest level in two weeks on Monday as demand fell across...
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Handling of cargo samples

Handling of cargo samples

Cargo samples hold significant importance in protecting tanker ship owners against potential cargo claims, necessitating the utmost care in their...
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Maersk hosts Equal At Sea 2023: Charting a course towards an inclusive future

Maersk hosts Equal At Sea 2023: Charting a course towards an inclusive future

A.P. Moller – Maersk (Maersk), a global integrator of logistics, held the second edition of Equal At Sea 2023 with...
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S. Korea: Union protests hasty hiring of unskilled foreign shipbuilding workers

S. Korea: Union protests hasty hiring of unskilled foreign shipbuilding workers

Labor unions of Korea’s shipbuilders criticized the government and their employers, for trying to overcome a shortage workers in the...
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Cargo Demands Hold Steady at Port Houston

Cargo Demands Hold Steady at Port Houston

The Port Commission of the Port of Houston Authority held its regular meeting on Tuesday, June 27. During the meeting,...
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US crude oil output fell in April as demand slowed -EIA

US crude oil output fell in April as demand slowed -EIA

U.S. field production of crude oil fell in April to 12.615 million barrels per day (bpd), its lowest since February,...
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GMS Week 26 – SUMMER LULL(ING)!

GMS Week 26 – SUMMER LULL(ING)!

Ongoing Eid holidays and a serious lack of tonnage have meant a much quieter week in the ship-recycling industry, as the...
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IMO makes little headway on the building blocks towards an equitable and climate aligned GHG strategy

IMO makes little headway on the building blocks towards an equitable and climate aligned GHG strategy

The fifteenth Intersessional Working Group on Greenhouse Gases (ISWG GHG 15) that concluded today, is the final working group meeting...
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Tankers: A Quiet Week For VLCCs

Tankers: A Quiet Week For VLCCs

LR2 MEG LR2’s have fluctuated up and down this week as the region has had to deal with the Eid...
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Dry Bulk Market: Capesize Market in Mixed Mode

Dry Bulk Market: Capesize Market in Mixed Mode

Capesize Throughout the week, the Capesize market experienced mixed dynamics. Monday began with a relatively active start as the major...
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Slow tanker fleet growth, robust crude trade signal strong H2 2023 freight outlook

Slow tanker fleet growth, robust crude trade signal strong H2 2023 freight outlook

Surging Chinese oil demand, a lingering war in Ukraine, record-low order book and robust crude trade flows have led to...
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Schedule Reliability Reaches Three-Year High with Blank Sailings Down

Schedule Reliability Reaches Three-Year High with Blank Sailings Down

Schedule reliability for the global container shipping industry continues its rebound from the depths of the delays in 2021 and...
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India Gives Vietnam a Warship in Response to China’s Regional Actions

India Gives Vietnam a Warship in Response to China’s Regional Actions

Ten days after India announced its intention to give Vietnam a warship, the 32-year-old missile corvette Kirpan officially departed for Vietnam on...
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Level playing field between EU ports and within the maritime logistics chain must remain a priority

Level playing field between EU ports and within the maritime logistics chain must remain a priority

The importance of harmonized implementation of “Fit for 55” proposals and more particularly AFIR, as a means to guarantee a...
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Dutch and Belgian shipowners call for clear signal from IMO: decide now on the route to zero

Dutch and Belgian shipowners call for clear signal from IMO: decide now on the route to zero

Next week, the 80th meeting of the IMO’s Marine Environment Protection Committee (which focuses specifically on climate and environmental challenges...
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