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Maersk Tankers and Penfield Marine to create a tanker company with a unique reach
Maersk Tankers has acquired Penfield Marine to create a large-scale crude and product tanker company offering pool partners and cargo...
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Asia Fuel Oil-Market retains downside risk; onshore stocks extend gains
The fuel oil market in Asia remained at the risk of downside as of Thursday, while onshore stockpiles at key...
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Chinese refiners ask for less Saudi crude oil for Feb
Chinese refiners asked for less Saudi crude oil for February, people with knowledge of the matter said on Thursday, even...
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Tighter fleet capacity, geopolitical issues, longer voyages to boost 2024 tanker freight
Tightening fleet capacity, lingering geopolitical conflicts and robust US crude exports are expected to boost tanker freight in 2024 despite...
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Proven MAN EGR Incentivises Continuous ME-GA Engine Orders
Nippon Yusen Kaisha (NYK), the major Japanese shipping company and among the world’s largest owners and operators of LNG carriers,...
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Asia Fuel Oil-Premiums rangebound; 180-cst HSFO trade emerges
Cash premiums for fuel oil were rangebound in single-digit premiums in Asia, though a rare trade for 180-cst high sulphur...
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Baltic index logs biggest fall in a month on slipping vessel rates
The Baltic Exchange’s dry bulk sea freight index fell on Tuesday to a nearly seven-week low in its worst showing...
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Russia lifts exchange-rate-linked duty on most coal exports
Russia has lifted duties linked to the rouble-dollar exchange rate on most coal exports, according to a decree published on...
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Japanese Q1 aluminum premium down 7.2% to $90/mt CIF Japan
Platts, part of S&P Global Commodity Insights, assessed the first-quarter premium for imported primary aluminum at $90/mt plus London Metal...
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Indian refiners set to ask for extra Saudi oil after sharp price cut
Two Indian state refiners are seeking to boost imports of Saudi crude oil after the kingdom cut the official selling...
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Iron ore extends decline as mills’ pre-holiday replenishment slows
Iron ore futures fell on Tuesday for a fourth consecutive session, albeit at a slower pace, as steelmakers in top...
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Korean Shipping Companies Face Soaring Challenges as Q4 Performance Takes a Downturn
In the fourth quarter of last year, the annual performance of South Korea’s largest container shipping company HMM and bulk...
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Green ammonia could decarbonize 60% of global shipping when offered at just 10 regional fuel ports.
A study published today in IOP Publishing’s journal Environmental Research: Infrastructure and Sustainability has found that green ammonia could be...
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Middle East Crude-Benchmarks extend gains as arbitrage window shuts; Saudi Arabia cuts OSPs
Middle East crude benchmarks Oman, Dubai and Murban extended gains on Monday as the arbitrage window for U.S. crude to...
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Last of the good times in LNG as supply wave looms
A wave of new supply of liquefied natural gas is set to hit global markets late this year, making 2024...
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China’s shipbuilding industry surges ahead, with orders scheduled for 2028
China’s shipping industry saw robust growth in 2023, prompting shipowners around the globe to place orders, some of which have...
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Seaspan Launches First of Three LNG Bunkering Vessels to Deliver Low-Carbon Energy Solutions to the Maritime Industry
Seaspan Energy is celebrating the new year with the launch of its first of three 7600m3 LNG bunkering vessels, the...
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Hanwha Ocean Makes Strategic Decision to Cease Winning Container Ship Orders
Hanwha Ocean, the world’s third-largest shipbuilder, has decided to stop receiving container ship orders. According to the shipbuilding industry on...
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Kalmar and Wallenius Wilhelmsen strengthen decades-long collaboration with new order including fully electric forklift trucks and reachstackers
Kalmar, part of Cargotec, has received a large order from leading Norwegian logistics service provider Wallenius Wilhelmsen to supply four...
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Clean tanker market to remain strong into 2024 amid firm jet, petchem deliveries
Strong projected demand for jet fuel in 2024 is set to support clean tanker markets globally, with growing deliveries of...
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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