News Flash

Qatar pauses Red Sea tankers after Western strikes on Houthis

Qatar’s state energy company, one of the world’s biggest liquefied natural gas exporters, has paused sending tankers through the Red...
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Oil consumption and prices revert to trend

Global consumption of petroleum and other liquids hit a record high last year and is forecast to increase further in...
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Chinese shipyards working all-out to make vehicle-carrying vessels

Chinese shipyards are busy producing a special type of vessel – known as a ro-ro – to match the nation’s...
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Sea launches Carbon Exposure solution for pre-fixture decision-making

Sea, the intelligent marketplace for fixing freight, is launching a Carbon Exposure solution that will enable customers to effectively measure...
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Brave Maritime Corp Takes Delivery Of Gas Newbuilds And Acquires Additional Bulkers

Brave maritime corp. has taken delivery of four new state of the art 40,000 cbm AMMONIA carries from Hyundai shipyard...
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Asia Fuel Oil-Cash premiums up slightly; Kuwait offers more HSFO

Cash premiums for fuel oil inched higher in Asia on Monday, while Kuwait’s KPC offered more high sulphur fuel oil...
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Russia’s oil freight costs ease despite sanctions, weather, Red Sea attacks -traders

Russia’s oil shipping costs to Asia from its main Baltic ports eased in early 2024, despite security concerns in the...
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Baltic index slides to 4-month low on seasonal lull

The Baltic Exchange’s dry bulk sea freight index on Monday extended its losing run to a four-month trough as rates...
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Cargo contamination can cost you dearly.

Be aware: Costly liquid cargo contamination can arise when the last cargo onboard is coconut oil, palm oil, or other...
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Plaquemines Port and APM Terminals Unveil Strategic Partnership to Develop a Major Container Terminal

Plaquemines Port Harbor and Terminal District (Plaquemines Port) proudly announces the execution of a letter of intent with APM Terminals...
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MAN Energy Solutions and Karpowership signed a contract for 48 dual-fuel engines

MAN Energy Solutions and Karpowership have signed a contract for the delivery of a total of 48 dual-fuel engines for...
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Daring to question the markets’ rate expectations.

Call us daredevils. The new year started with the global economy’s same old problems: high geopolitical uncertainty, the still-unfolding impact...
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Asia spot prices fall to a 7-month low as stocks remain plentiful

Asian spot Liquefied Natural Gas (LNG) prices slid for an eighth consecutive week to hit their lowest levels in seven...
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Middle East crisis: US and UK can’t allow one of the busiest shipping lanes to become the Wild West

One of the world’s busiest shipping lanes can’t just become the Wild West that’s the rationale for this. Western nations...
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Decision time for oil and gas companies in 2024

The corporate oil and gas sector faces a year of big decisions in 2024. Consolidation will remain in the spotlight...
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Container rates soar on concerns of prolonged Red Sea disruption

Container shipping rates for key global routes have soared this week, with U.S. and UK air strikes on Yemen stirring...
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Top bunker hub Singapore marine fuel sales hit a record high in 2023

Marine fuel sales at world’s leading bunkering hub in Singapore hit a record high last year, official data showed on...
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What an ‘India Club’ means for the country’s shipping industry

India plans to set up its own protection and indemnity (P&l) entity—the India Club—for providing insurance to ships operating in...
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Maersk to use rail to bypass Panama Canal amid drought

A.P. Moller-Maersk will use trains to avoid the drought-hit Panama Canal for some of its vessels, the Danish shipping giant...
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Global shipping rates set to jump as carriers avoid the Red Sea amid Houthi attacks

The global supply chain is feeling the fallout from Iran-backed Houthi rebels attacking vessels in the Red Sea. Freight prices...
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