News Flash

Russia’s place as top crude supplier to India under pressure for first time since October 2022

An increase in Iraqi crude volumes this month means that Russian crude may be eclipsed as India’s top source for...
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MISC Group Continues Its Growth Agenda, Supporting Energy Security and Transition Initiatives Responsibly and Sustainably

The MISC Group (The Group) today strengthens its position as a progressive maritime conglomerate with the addition of two more...
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ABB to acquire weather routing business to expand marine software portfolio

ABB to expand offering to vessel weather routing, analytics, reporting and shore-based support through the acquisition of the shipping business...
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Asia Fuel Oil-VLSFO rebounds despite latest Al Zour tender

The cash premium for very low sulphur fuel oil (VLSFO) rebounded in Asia on Wednesday despite a spot tender from...
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Eurozone PMIs show very tentative signs of bottoming out

How you read today’s PMI release for the eurozone reveals whether you’re an optimist or a pessimist. The increase from...
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Red Sea shipping stages fragile uptick as US continues to hit Houthi sites

Tanker and commercial shipping traffic through the Red Sea show signs of a fragile recovery from recent lows, according to...
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As more tankers divert from Suez Canal, there’s a ‘sea change’ in way Europe is buying crude

Energy prices for Europe are expected to increase as more petroleum products and crude tankers are diverting away from the...
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Baltic index rises on higher freight activity, fewer ships

The Baltic Exchange’s dry bulk sea freight index climbed on Wednesday, as rates across ship segments rose amid increased freight...
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Foreign direct investment in developing economies fell 9% in 2023

Foreign direct investment (FDI) flows to developing countries fell by 9% to $841 billion in 2023, according to UNCTAD’s latest...
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Russia’s Ust-Luga port continues crude, fuel exports while Novatek terminal shut

The Baltic Sea port of Ust-Luga was exporting crude oil and fuel on Tuesday apart from at Novatek’s NVTK.MM terminal...
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Iron ore climbs to over one-week high as China pledges to stabilise market

Iron ore futures climbed on Tuesday to their highest level in more than a week, as investor confidence was boosted...
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CMA CGM SCANDOLA, the Group’s first LNG-powered containership to call West African Ports

The CMA CGM Group, a global player in sea, land, air and logistics solutions, announces the upcoming arrival of CMA...
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GTMaritime adds Greek office and sales management experience to meet growing demand for services

Leading provider of secure maritime data communications software, GTMaritime, has responded to growing demand for its products and services by...
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WinGD X-DF advances underpin QatarEnergy phase two success

Swiss marine power company WinGD is expecting to secure the majority of dual-fuel engine orders for LNG carriers being built...
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Marasco Marine Ltd: Cultivating a Legacy of Risk Prevention in Maritime Ventures

In the ever-evolving and challenging seas of the maritime industry, Marasco Marine Ltd distinguishes itself as a dedicated advisor in...
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Baltic index slips on weaker capesize rates

The Baltic Exchange’s dry bulk sea freight index slipped on Tuesday and snapped a three-session winning streak, weighed down by...
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Asia Fuel Oil-Spot market rangebound; heavy supply arrivals cap recovery

Spot fuel oil premiums were rangebound in Asia on Tuesday, with heavy supply arrivals capping potential recovery. Singapore’s cargo cash...
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Chemfleet adds three ships to Berg energy efficiency upgrade after verifying 10% fuel savings

Specialized ship manager Chemfleet has confirmed that an in-service Berg Propulsion upgrade to control systems onboard the tanker YM Miranda...
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MAN Cryo Wins Approval for Ammonia Fuel-Supply System

MAN Cryo has announced that its design for an ammonia fuel-supply system to safely provide ammonia to marine-engine applications has...
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Russia’s February oil exports to be stable from January

Russia plans to keep February oil exports from its western sea ports little changed from January, but winter weather and...
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