News Flash

Inflation To Be Elevated For Longer On War, Demand, Job Markets

Inflation To Be Elevated For Longer On War, Demand, Job Markets

Russia’s invasion of its neighbor will likely have a protracted impact on commodities, affecting oil and gas prices more severely...
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Rosneft Cuts Diesel Exports From Key Russian Port To Zero

Rosneft Cuts Diesel Exports From Key Russian Port To Zero

Russian oil giant Rosneft is not scheduled to export any diesel from the Baltic port of Primorsk in May as...
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Premium Demand Remains Weak For US Imports Amid China Lockdowns

Premium Demand Remains Weak For US Imports Amid China Lockdowns

All-inclusive container rates into North America were largely unchanged during the week ended April 29 amid slow booking activity and...
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Traders Deploy Costlier Smaller Tankers To Move Displaced Russian Oil To China

Traders Deploy Costlier Smaller Tankers To Move Displaced Russian Oil To China

Traders are deploying smaller, costlier vessels to ship displaced Russian oil from European ports to China, in a rare move...
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Traders Using Costlier Smaller Tankers To Move Russian Oil To China

Traders Using Costlier Smaller Tankers To Move Russian Oil To China

Traders are deploying smaller, costlier vessels to ship displaced Russian oil from European ports to China, in a rare move...
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Hudong Zhonghua Inks Its Largest Ever LNG Carrier Order With NYK

Hudong Zhonghua Inks Its Largest Ever LNG Carrier Order With NYK

The contracts are valued valued at CNY8.4bn ($1.26bn), the largest single LNG carriers order that the Chinese shipyard has ever received.  With the...
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China Pushes For Implementation Of Tanzania’s Bagamoyo Port

China Pushes For Implementation Of Tanzania’s Bagamoyo Port

China is pushing authorities in Tanzania to kickstart the implementation of the $10 billion Bagamoyo port project. It has been...
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Equatorial Guinea Reports Crackdown On Fraudulent Ships

Equatorial Guinea Reports Crackdown On Fraudulent Ships

Equatorial Guinea will crackdown on ships that illegally use its flag government officials said in the wake of the loss...
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Offshore Work Commences For World’s Largest Wind Farm, Dogger Bank

Offshore Work Commences For World’s Largest Wind Farm, Dogger Bank

Offshore construction for the world’s largest offshore wind farm has commenced marking a significant milestone for the development of the...
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500 Seafarers Remain Trapped On Vessels Stuck In Ukrainian Ports, 1,500 Evacuated Since March

500 Seafarers Remain Trapped On Vessels Stuck In Ukrainian Ports, 1,500 Evacuated Since March

Just under 500 seafarers remain sheltered awaiting evacuation onboard 109 ships at Ukrainian ports in the Black Sea and the...
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Europe Draws More LNG From Asia As China Imports Slump

Europe Draws More LNG From Asia As China Imports Slump

Europe is attracting a greater share of liquefied natural gas (LNG) cargoes, taking volumes from top-importing Asia, amid ongoing concern...
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Shanghai Delivered 380 CST HSFO Bunker Premium Hits 2-year High On Tight Supply

Shanghai Delivered 380 CST HSFO Bunker Premium Hits 2-year High On Tight Supply

The premium for delivered 380 CST high sulfur fuel oil in the Shanghai bunker market to the benchmark Singapore 380...
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MSC Resolution: Actions To Facilitate Seafarer Evacuation

MSC Resolution: Actions To Facilitate Seafarer Evacuation

The International Maritime Organization (IMO) Maritime Safety Committee (MSC 105), which met 20-29 April 2022, adopted the following resolution on...
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QatarEnergy Awards EPC Contract For North Field East LNG Expansion

QatarEnergy Awards EPC Contract For North Field East LNG Expansion

Qatar’s state-owned oil and gas company QatarEnergy has awarded a major engineering, procurement, and construction (EPC) contract for the North...
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Swire Shipping To Acquire Westwood Shipping Lines

Swire Shipping To Acquire Westwood Shipping Lines

Swire Shipping affiliate SSPL US Inc. signed an agreement to acquire independent US operator Westwood Shipping Lines. Transpacific operator Westwood...
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National Shipbuilding Industries Co. Of Saudi Arabia Official Commercial Registration

National Shipbuilding Industries Co. Of Saudi Arabia Official Commercial Registration

Set to be a key player in the Saudi offshore support vessel (OSV) market, the founders of jv the National...
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Port Congestion In Mainland China Continued To Remain High With Extended Lockdown Measures

Port Congestion In Mainland China Continued To Remain High With Extended Lockdown Measures

As COVID-19 lockdown measures were extended from Shanghai to more Chinese cities including parts of Beijing, port congestion rebounded in...
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Industry Working Group Impact Today Calls For New Standard For Vessel Reporting To Improve Data Quality And Improve Decarbonisation Efforts

Industry Working Group Impact Today Calls For New Standard For Vessel Reporting To Improve Data Quality And Improve Decarbonisation Efforts

Industry working group Impact Today has released its new Vessel Reporting and Data Quality white paper, which calls for the...
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Ports Of Antwerp And Zeebrugge Merge To Create Europe’s Largest Export Port

Ports Of Antwerp And Zeebrugge Merge To Create Europe’s Largest Export Port

From yesterday, the ports of Antwerp and Zeebrugge will continue their growth trajectory under one name: Port of Antwerp-Bruges. At...
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SAAM Towage Buying Peruvian Tug Provider Ian Taylor

SAAM Towage Buying Peruvian Tug Provider Ian Taylor

Chile-based SAAM Towage has signed an agreement with Ian Taylor to acquire the company's towage operations in Peru. Ian Taylor...
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