News Flash

Angola and Nigeria best positioned to benefit from high oil price cycle – BofA

Angola and Nigeria best positioned to benefit from high oil price cycle – BofA

Sub-Saharan Africa’s major energy exporters are entering a period of significant fiscal strengthening, with Angola and Nigeria emerging as the...
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G7 allies pledge energy supply defense amid escalating maritime threats

G7 allies pledge energy supply defense amid escalating maritime threats

Foreign ministers from the Group of Seven (G7) nations issued a unified declaration on Saturday, signaling a readiness to implement...
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How exposed are iron ore prices to higher energy costs?

How exposed are iron ore prices to higher energy costs?

Iron ore prices are becoming increasingly sensitive to rising energy costs, as higher oil prices push up both shipping and...
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Japan looks to secure Hormuz transit for tankers after high-level Iran talks

Japan looks to secure Hormuz transit for tankers after high-level Iran talks

In a move that could provide a critical reprieve for Asian energy security, Iranian Foreign Minister Abbas Araghchi has indicated...
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The Week in Alt Fuels: Shock LNG price rally fades against stronger LSMGO

The Week in Alt Fuels: Shock LNG price rally fades against stronger LSMGO

Iran’s aerial attacks on Qatar’s Ras Laffan LNG facility, alongside strikes on energy infrastructure across the UAE and Saudi Arabia,...
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Hormuz tensions imperil Korea LNG carrier deliveries, push leasing options

Hormuz tensions imperil Korea LNG carrier deliveries, push leasing options

As Israel’s bombing of Iran’s gas facilities signals a protracted war, attention is turning to the fate of ships that...
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BIMCO Launches New Laytime Network

BIMCO Launches New Laytime Network

BIMCO is pleased to announce the successful launch of its new Laytime Network, created for owner members with professionals whose...
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Hormuz naval escorts will not ensure vessel transits through Hormuz: IMO head

Hormuz naval escorts will not ensure vessel transits through Hormuz: IMO head

Naval escorts for oil tankers and other merchant vessels through the Strait of Hormuz have limited power to restore the...
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VLCC Tanker Market Facing New Questions Regarding Direction

VLCC Tanker Market Facing New Questions Regarding Direction

Clean LR2 MEG LR2 freight eastward climbed modestly this week. The TC1 75kt MEG/Japan index went from WS353 to WS376....
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Chem tanker rates ex-USG surge on Middle East conflict; Asia-US container rates edge higher

Chem tanker rates ex-USG surge on Middle East conflict; Asia-US container rates edge higher

Spot rates for US chemical tankers ex-US Gulf surged this week as the conflict in the Middle East has tightened...
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How the Middle East conflict is affecting metals markets

How the Middle East conflict is affecting metals markets

The US and Israel have launched coordinated strikes against Iran in the most consequential escalation of tensions in the Middle...
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European feed buyers delay purchases amid price uptick, currency volatility

European feed buyers delay purchases amid price uptick, currency volatility

The European feed market has slowed from the start of March, with participants indicating limited trading activity amid higher commodity...
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Accelleron and HD HMS part-load optimization driving fuel saving on Hapag-Lloyd container vessels

Accelleron and HD HMS part-load optimization driving fuel saving on Hapag-Lloyd container vessels

Accelleron and HD HMS (HD Hyundai Marine Solution) have conducted Engine Part Load Optimization (EPLO) projects on two vessels owned...
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Eastern Pacific Shipping completes second bound4blue eSAIL® installation with first newbuild deployment

Eastern Pacific Shipping completes second bound4blue eSAIL® installation with first newbuild deployment

bound4blue and Eastern Pacific Shipping (EPS) have completed the second installation of eSAILs® in EPS’ fleet, fitting three 22-metre-high units...
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Hapag-Lloyd and Government of India sign Letter of Intent on maritime cooperation

Hapag-Lloyd and Government of India sign Letter of Intent on maritime cooperation

Hapag-Lloyd and representatives of the Government of India have signed a Letter of Intent (LOI) to deepen maritime cooperation and...
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Iran MPs propose tolls on shipping through Strait of Hormuz

Iran MPs propose tolls on shipping through Strait of Hormuz

Iranian lawmakers have proposed a plan to impose tolls and taxes on ships passing through the strategic Strait of Hormuz,...
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Rotterdam’s LNG price rally intensifies as Iran hits Qatar’s biggest LNG facility

Rotterdam’s LNG price rally intensifies as Iran hits Qatar’s biggest LNG facility

This sharp rise is largely driven by an almost 30% increase in the front-month Dutch TTF Natural Gas contract, a...
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Distress or Deception? Sea Horse ‘Not Under Command’ While Delivering Cuba Gasoil

Distress or Deception? Sea Horse ‘Not Under Command’ While Delivering Cuba Gasoil

Sea Horse, a medium range tanker sailing for Cuba laden with Russian gasoil has been broadcasting it is “not under...
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Trump administration suspends Jones Act for 60 days amid Iran war

Trump administration suspends Jones Act for 60 days amid Iran war

The US government has issued a 60-day waiver of the Jones Act, a White House official confirmed to Platts, as...
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Kongsberg Discovery and Fugro consolidate partnership with Main Supplier agreement

Kongsberg Discovery and Fugro consolidate partnership with Main Supplier agreement

Kongsberg Discovery and Fugro have signed a new framework agreement that strengthens a decades-long technology partnership between the two companies....
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