News Flash

Rhine river levels in Germany close to normal after rain

Rhine river levels in Germany close to normal after rain

Repeated rainfall has raised water levels on the river Rhine in Germany, with much of it back or close to...
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Baltic index rises, logs second straight monthly gain

Baltic index rises, logs second straight monthly gain

The Baltic Exchange’s main sea freight index gained on Monday, posting its second straight monthly gain, supported by an uptick...
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Longshoremen’s union can sue shipping association over port jobs -4th Circ

Longshoremen’s union can sue shipping association over port jobs -4th Circ

A union representing longshoremen was within its rights to sue an association of shipping companies to stop their vessels from...
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OCI Global and X-Press Feeders sign green methanol offtake agreement, decarbonizing a key link in the global shipping chain

OCI Global and X-Press Feeders sign green methanol offtake agreement, decarbonizing a key link in the global shipping chain

OCI Global (Euronext: OCI) and X-Press Feeders have announced that OCI Hyfuels will supply XPress Feeders with green methanol in...
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Platts Forties Sulfur de-escalator at 3-year low on firm sour crude, fuel oil

Platts Forties Sulfur de-escalator at 3-year low on firm sour crude, fuel oil

Platts Forties sulfur de-escalator was assessed July 25 at its lowest value since June 2022, as record strength in sour...
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Shipping group CMA CGM braced for weaker profit before demand picks up in 2024

French shipping group CMA CGM expects container freight demand to improve from next year but the group’s profits will continue...
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Tankers: VLCC Rates in the Middle East Softened This Week

Tankers: VLCC Rates in the Middle East Softened This Week

Clean The BCTI finished the week at 671, up from 610 the previous week. In the Middle East Gulf freight...
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Pyxis Tankers Inc is expected to post earnings of 23 cents a share

Pyxis Tankers Inc is expected to post earnings of 23 cents a share

Pyxis Tankers Inc is expected to show a fall in quarterly revenue when it reports results on August 7. The...
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Grafmarine Solar Energy Cells tested on Carisbrooke Vessel

Grafmarine Solar Energy Cells tested on Carisbrooke Vessel

Carisbrooke Shipping Ltd, which operates a fleet of multi-purpose vessels from offices in Cowes on the Isle of Wight, signed...
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Western Canada dock workers union rejects labor contract.

Western Canada dock workers union rejects labor contract.

Dock workers in Western Canada have rejected a proposed labor contract that would have ended a dispute that has already...
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S.Korea’s shipbuilders near $9.4 bn in LNG carrier orders from Qatar.

S.Korea’s shipbuilders near $9.4 bn in LNG carrier orders from Qatar.

South Korea’s top three shipbuilders — HD Hyundai Heavy Industries Co., Hanwha Ocean Co. and Samsung Heavy Industries — as...
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Russia threatens civilian vessels in Black Sea, Ukraine says.

A senior Ukrainian official accused Russia on Friday of threatening civilian vessels in the Black Sea, and urged the international...
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Saudi unlikely to continue oil production cut – Julius Baer

Saudi unlikely to continue oil production cut – Julius Baer

Saudi Arabia is “unlikely to continue” with its solo oil production cut, after fellow petro-nations did not join the kingdom...
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ECB raises key rate to historic high, keeps options open

ECB raises key rate to historic high, keeps options open

The European Central Bank raised its deposit rate to a historic high on Thursday and kept its options open on...
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Australia’s Fortescue Metals sees higher annual iron ore shipments

Australia’s Fortescue Metals sees higher annual iron ore shipments

Fortescue Metals Group on Thursday forecast higher iron ore shipments for fiscal 2024, encouraged by strength across its key operations...
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Patrick Terminals to boost sustainable container handling with ten Kalmar hybrid straddle carriers

Patrick Terminals to boost sustainable container handling with ten Kalmar hybrid straddle carriers

Kalmar, part of Cargotec, will supply a total of ten new Kalmar Hybrid Straddle Carriers to Patrick Terminals in Melbourne....
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China loads 750,000 tons of sugar in Brazil, year’s largest import volume

China loads 750,000 tons of sugar in Brazil, year’s largest import volume

Chinese buyers are currently loading dozens of vessels with around 750,000 metric tons of sugar at Brazilian ports, the first...
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Russia’s FSB: traces of explosives found on second Russia-bound grain ship

Russia’s FSB: traces of explosives found on second Russia-bound grain ship

Russia’s Federal Security Service (FSB) said on Thursday it had found traces of explosives on board a foreign vessel en...
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WFW advises First Citizens Bank on US$123m Greek shipping loan portfolio acquisition

WFW advises First Citizens Bank on US$123m Greek shipping loan portfolio acquisition

Watson Farley & Williams (“WFW”) advised First Citizens Bank (“FCB”), on its acquisition of a US$123m portfolio of 11 shipping...
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Asia Fuel Oil-VLSFO cash premium rises for a second straight day

Asia Fuel Oil-VLSFO cash premium rises for a second straight day

Asia’s cash differential for very-low sulphur fuel oil (VLSFO) extended gains on Thursday after flipping into premiums a day earlier,...
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