News Flash

Iron ore consolidates as traders ponder demand outlook

Iron ore futures were in a tight range on Monday, with the Dalian benchmark ticking up and Singapore prices receding,...
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Saudi Arabia’s November crude exports hit 5-month high

Saudi Arabia’s crude oil exports in November climbed to their highest level in five months and marked a third straight...
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MOL Establishes ‘MOL Group Safety Vision’- Targeting the world’s highest level of safety

Mitsui O.S.K. Lines, Ltd. has been committed to pursue the world’s highest level of safety culture. Today, MOL announced the...
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Fewer markets are importing Russia’s coal

Russia’s reliance on four, mainly Asian, countries to import its coal has increased since some countries implemented sanctions against Russia...
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Hapag-Lloyd to offer land transit through Saudi Arabia amid Red Sea disruption

German shipping group Hapag-Lloyd HLAG.DE will continue to route its vessels around the Cape of Good Hope until further notice...
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Asia Fuel Oil-VLSFO cargo premium retreats while HSFO steadies

Asia’s very low sulphur fuel oil (VLSFO) market eased on Monday following a small rally last week, while high sulphur...
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Crew recruitment is more challenging, Danica crew manager survey reveals

Recruitment of seafarers is getting harder according to a survey of crew managers conducted by Danica Crewing Specialists. Nearly half...
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Baltic Index Climbs For Third Straight Session On Firm Rates For Larger Vessels

The Baltic Exchange’s dry bulk sea freight index gained for a third straight session on Monday, buoyed by a rise...
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Asia spot prices slip below $10/mmBtu despite Red Sea tensions

Asian spot liquefied natural gas (LNG) prices dipped below $10 per million British thermal units (mmBtu) for the first time...
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Red Sea shipping diversions to boost container sector emissions

The continuing disruption of shipping traffic transiting the Red Sea area looks set to boost vessel emissions as ships that...
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Greece: Getting ready for a rebound

Surprisingly soft recent growth numbersAfter a solid second quarter, Greek seasonally adjusted GDP came in surprisingly soft in the third...
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Simplifying ships from shore

In a climate of increasing complexity, with new regulations, environmental concerns and commercial considerations, how can owners and operators control...
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Global coal exports and power generation hit new highs in 2023

Worldwide electricity generation from coal hit record highs in 2023, while thermal coal exports surpassed 1 billion metric tons for...
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China’s 2023 coal imports from Australia rise, but below pre-ban era

China’s coal imports from Australia picked up in 2023 after a ban of nearly two years was lifted, but they...
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Qatar set to sign cheaper long-term LNG deal with India

Qatar Energy within weeks could sign a long-term deal to provide liquefied natural gas (LNG) to Indian buyers on cheaper...
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Red Sea war insurance rises with more ships in firing line

War risk insurance premiums for shipments through the Red Sea are rising after further attacks on merchant vessels by Yemen’s...
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Asian iron ore near-term prices unlikely to rebound on subdued spot demand

Seaborne iron ore prices after declining significantly from their 19-month high level are unlikely to rebound in the near term...
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CMA CGM reroutes more ships to avoid Red Sea attacks

One of the world’s largest container shipping groups CMA CGM on Friday said it would reroute a weekly service between...
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Iron ore drops as China cenbank’s rate move defies expectation

Iron ore futures prices dropped for a second consecutive session on Monday as top consumer China defied market expectations and...
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EU’s eastern members demand import duties on Ukraine grains

The European Union’s eastern states are demanding the EU impose import duties on Ukraine grains, citing unfair competition, Hungary’s agricultural...
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