News Flash

Japan’s imports of Saudi Arabia’s crude oil increased in November 2023, reaching 33.27 million barrels, or 42.7% of total imports,...

The recent disruptions at the Red Sea entrance are anticipated to exert additional strain on the container terminals in January...

Portfolio investors boosted their petroleum positions in the final two weeks of last year, as some short positions in crude...

Seafarers once again find themselves on the frontline of one of the world’s conflicts as they pass through the Red...

The 2023 IMO Strategy on Reduction of GHG Emissions from Ships has been applauded by international stakeholders at the recent...

Ocean freight rates are surging after a missile attack and attempted hijacking of a Maersk ship this weekend prompted carriers...

Attacks on ships in the Red Sea continue to push ocean freight rates higher, triggering warnings of inflation and delayed...

The Baltic Exchange’s dry bulk sea freight index declined on Thursday, as lower rates for Panamax and supramax vessels outweighed...

The most-traded May iron ore on China’s Dalian Commodity Exchange rose 2.8% to 1,017.5 yuan ($142.50) per metric ton at...

Protection and Indemnity (P&I) insurance is a cornerstone of maritime commerce, safeguarding shipowners and operators against third-party liabilities. As we...

Activity in the S&P market was below 2022 levels, during the past year. In its latest weekly report, shipbroker Xclusiv...

U.S. liquefied natural gas exports hit monthly and annual record highs in December, tanker tracking data showed, with analysts saying...

Color Line’s two passenger ferries connecting Denmark and Norway have been running on B100 biofuel for one month, with Bunker...

In 2024, Korean shipbuilders are likely to benefit from an increase in tanker orders because of increased distances for crude...

Asia’s high sulphur fuel oil (HSFO) market extended gains for a second consecutive session on Wednesday, while the market eyed...

Stockpiles of oil products at the UAE’s Port of Fujairah climbed 10% in the week ended Jan. 1, led by...

The Baltic Exchange’s dry bulk sea freight index eased on Wednesday, as falling rates for panamax and supramax vessels overshadowed...

The threat to global trade in the Red Sea remains high, even with efforts to protect commercial vessels from attacks...

After a year of positional uncertainty, the container industry is now shedding light on the impact of the EU Emissions...

A.P. Moller-Maersk said Dec. 31 it has suspended its vessels transiting the Red Sea for 48 hours after one of...