News Flash

Vietnam’s NSRP seeks approval to import more Kuwaiti crude amid high run rates

Vietnam’s Nghi Son Refinery and Petrochemical has sought government approval to import an additional 1.68 million mt (12.3 million barrels)...
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LME scrap volumes up on week, futures remain in contango

Volumes traded for the scrap futures contracts on the London Metal Exchange, which settle basis the Platts assessment from S&P...
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UBS: Oil prices have room to recover

The latest data from the Energy Information Administration (EIA) showed US crude inventories rose by a greater-than-expected 2.1 million barrels...
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Seafair & SQLearn announce their partnership

SQLearn, a leading provider of certified online training solutions for the maritime industry, & Seafair, a company that provides crew...
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China plans first bio-marine fuel export quotas for 2025, traders, consultancy say

China is planning its first export quota for marine bunker that is blended with biodiesel, partly to support biofuel producers...
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HD Hyundai heir tightens grip on shipbuilding group

Chung Ki-sun, the heir apparent and vice chairman at HD Hyundai, has been promoted to the firm’s executive vice chairman,...
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Biofuels Can Help Maritime Industry Lower Carbon Intensity

Hui Ling Chern is excited about how biofuels can help lower the lifecycle carbon intensity of the maritime industry. Hui...
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SHIPPING: Asia-US container rates stable as East Coast port labor negotiations break down

Rates for shipping containers from east Asia and China to the US were largely stable this week but exporters are...
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Tankers: VLCCs Show Strong Rebound

Clean LR2 LR’s in the MEG have not had an easy week with plenty of available tonnage. The 75kt MEG/Japan...
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The COVID-19 shock prompted us to develop a new index of supply chain stress

In normal times, the workings of the global supply chain are invisible and unnoticed by consumers. That changed with the...
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Asia Distillates-Paper activity picks up; Dec outlooks mixed

Asia’s middle distillates markets for the week were trading in a tight range, though physical December cargoes remained heavily discussed...
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Middle East Crude-Benchmarks little moved after Qatar tenders

Middle East crude benchmarks for Dubai, Oman and Murban werelittle moved on Friday, after Qatar issued its January tenders. QatarEnergy...
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Copper price could fall to $8,500 as Trump win boosts dollar, threatens demand

Copper prices could fall towards $8,500 a metric ton within the next four months on expectations that demand will be...
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Vessel Performance Solutions to equip 30 vessels of Harren Shipping Services GmbH & Co. with its VESPER performance management platform

Vessel Performance Solutions ApS, a subsidiary of Ascenz Marorka, GTT Group’s smart shipping arm, has announced that Harren Group, a...
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COP29 pledge unites global port actors in elevating the need for building climate resilience and adaptation in port systems

Multi-stakeholder initiative Resilience4Ports launches the first sectoral, action-based commitment to enhance and accelerate the resilience of ports from the effects...
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Danelec and NAVTOR Partner to Further Digitalize Maritime Operations with Seamless Integration of High-Frequency Data Collection and Digital Logbook Solutions

Danelec and NAVTOR have expanded their longstanding partnership to bring even greater operational efficiency to maritime stakeholders. The latest integration...
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LR announces partnership with SHI for floating production and storage system for green ammonia

Lloyd’s Register (LR) has signed a Memorandum of Understanding with Samsung Heavy Industries (SHI) for the joint development of a...
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US sanctions Syrian company said to generate revenue for Iran

The US State Department announced Nov. 14 that the US would impose sanctions on 26 companies, individuals, and vessels associated...
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Asia Fuel Oil-Hi-5 posts weekly decline as VLSFO weakens while HSFO holds strength

Asia’s hi-5 fuel oil spread narrowed week-on-week, led by softer benchmarks for 0.5% low sulphur fuel oil (VLSFO), while the...
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Decoding alternative fuels: OceanScore supports tricky bunker selection process under FuelEU Maritime

Switching fuels is the most frequently discussed pathway to meeting the requirements of FuelEU Maritime. But the choices shipping companies...
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