News Flash
Asia Fuel Oil-Cash premiums up slightly; Kuwait offers more HSFO
Cash premiums for fuel oil inched higher in Asia on Monday, while Kuwait’s KPC offered more high sulphur fuel oil...
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Russia’s oil freight costs ease despite sanctions, weather, Red Sea attacks -traders
Russia’s oil shipping costs to Asia from its main Baltic ports eased in early 2024, despite security concerns in the...
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Baltic index slides to 4-month low on seasonal lull
The Baltic Exchange’s dry bulk sea freight index on Monday extended its losing run to a four-month trough as rates...
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Cargo contamination can cost you dearly.
Be aware: Costly liquid cargo contamination can arise when the last cargo onboard is coconut oil, palm oil, or other...
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Plaquemines Port and APM Terminals Unveil Strategic Partnership to Develop a Major Container Terminal
Plaquemines Port Harbor and Terminal District (Plaquemines Port) proudly announces the execution of a letter of intent with APM Terminals...
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MAN Energy Solutions and Karpowership signed a contract for 48 dual-fuel engines
MAN Energy Solutions and Karpowership have signed a contract for the delivery of a total of 48 dual-fuel engines for...
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Daring to question the markets’ rate expectations.
Call us daredevils. The new year started with the global economy’s same old problems: high geopolitical uncertainty, the still-unfolding impact...
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Asia spot prices fall to a 7-month low as stocks remain plentiful
Asian spot Liquefied Natural Gas (LNG) prices slid for an eighth consecutive week to hit their lowest levels in seven...
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Middle East crisis: US and UK can’t allow one of the busiest shipping lanes to become the Wild West
One of the world’s busiest shipping lanes can’t just become the Wild West that’s the rationale for this. Western nations...
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Decision time for oil and gas companies in 2024
The corporate oil and gas sector faces a year of big decisions in 2024. Consolidation will remain in the spotlight...
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Container rates soar on concerns of prolonged Red Sea disruption
Container shipping rates for key global routes have soared this week, with U.S. and UK air strikes on Yemen stirring...
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Top bunker hub Singapore marine fuel sales hit a record high in 2023
Marine fuel sales at world’s leading bunkering hub in Singapore hit a record high last year, official data showed on...
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What an ‘India Club’ means for the country’s shipping industry
India plans to set up its own protection and indemnity (P&l) entity—the India Club—for providing insurance to ships operating in...
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Maersk to use rail to bypass Panama Canal amid drought
A.P. Moller-Maersk will use trains to avoid the drought-hit Panama Canal for some of its vessels, the Danish shipping giant...
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Global shipping rates set to jump as carriers avoid the Red Sea amid Houthi attacks
The global supply chain is feeling the fallout from Iran-backed Houthi rebels attacking vessels in the Red Sea. Freight prices...
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Commander of AFU Navy: Talks underway, incl. on attracting NATO ships to ensure safety of civilian shipping to Ukrainian ports
Negotiations are underway, including on attracting NATO ships to ensure the safety of civilian shipping to the ports of Ukraine,...
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Baltic index falls for fourth straight day on weaker rates
The Baltic Exchange’s dry bulk sea freight index slumped on Thursday for the fourth straight session, due to declines across...
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IMF says the global economy to stay ‘resilient’ in 2024 but grow too slowly.
Global economic growth will remain “resilient” this year after a stronger-than-expected 2023, the International Monetary Fund said on Thursday, but...
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Iron ore rebounds on renewed hopes of China stimulus
Iron ore futures prices recouped losses on Thursday, after falling for five straight sessions, helped by the latest support for...
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MABUX: Global bunker Prices Expected to Stabilize Next Week
The Global bunker market continued its recovery in 2023 with a moderate correction downwards following the peak values of 2022....
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Recent News
Baltic Dry Index Down for 4th Day In A Row
Future Fuels, Real Results: AAL Improves Fleet Efficiency by 19% as Maritime Regulations Tighten
Gasoline loadings to Europe hit counter-seasonal record
Chinese industrial production up more than expected in August
Ukraine enhances maritime safety and Special Maritime Corridor operations