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Fortescue’s quarterly iron ore shipments fall 3% on maintenance

Australian miner Fortescue on Thursday reported a 3% drop in its quarterly iron ore shipments because of increased maintenance and...
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Airseas validates automated dynamic flight with projected initial 16% fuel and emissions reductions

Airseas, a provider of wind propulsion systems for the maritime sector, has announced that its latest sea trials have revealed...
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Asia Fuel Oil-VLSFO slips further while inventories rise

The cash premium for 0.5% very low sulphur fuel oil (VLSFO) edged lower for an eighth consecutive trading day, while...
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Baltic index falls to 1-month low after rates slip across vessel segments

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell to a one-month low...
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Capacity management in ocean freight shipping will be key in coming years, and index-based pricing could offer a solution

The Xeneta Summit has heard the ocean freight shipping industry will find new ways of working together in the face...
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Container ships reach highest average age on record of 14.2 years

Container ships have reached their highest average age yet at 14.2 years, the highest average age of the three main...
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Bunker Holding and NeoGreen Hydrogen Corp. sign MoU for green ammonia and synthetic fuels

Bunker Holding and NeoGreen Hydrogen Corp. announce the signing of a Memorandum of Understanding to collaborate on the operations, logistics,...
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Weak euro zone lending adds to recession fears

Bank lending across the euro zone came to a near standstill last month, European Central Bank data showed on Wednesday,...
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Asia Fuel Oil-HSFO in discount as bearish factors weigh

Asia’s spot high sulphur fuel oil (HSFO) market has sunken back into a discount this week as bearish factors weighed....
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IEA has not started emergency oil stock discussions amid Middle East tensions: official

The International Energy Agency has not started any discussions on oil stock releases but member countries have asked its secretariat...
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ABS Sets Sight on Ambitious Project to Class 3D-Printed Propeller

ABS is joining Mencast Marine (MMPL), the Singapore University of Technology and Design (SUTD), and the National Additive Manufacturing Innovation...
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Iron ore rally continues as China boosts stimulus

Dalian iron ore futures hit five-week highs on Wednesday and the Singapore benchmark rose for a third straight day, buoyed...
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Asia Distillates-Margins slip 7%, premiums at 3-mth low on persistent futures weakness

Asia’s middle distillates markets slipped for a second straight session as weakness in the gasoil futures and paper swaps market...
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Baltic index extends decline on capesize weakness

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell to a three-week low...
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US crude, gasoline stockpiles rise as refiners run less oil -EIA

U.S. crude oil stockpiles jumped last week as refinery utilization dropped, whilegasoline inventories posted a surprise build, the Energy Information...
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China signs US soy export deals, but unclear if sales will follow -Braun

U.S. soybean exporters have recently seen less action than usual from top customer China, though the two parties signed a...
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Iron ore climbs over 3% on China fiscal stimulus hopes

Iron ore futures climbed more than 3% on Tuesday as Beijing was seen preparing an additional sovereign debt issuance as...
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Euro zone October PMI at near 3-year low, stirring recession worries

Euro zone business activity took a surprise turn for the worse this month as demand fell in a broad-based downturn...
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Port of Los Angeles cargo volume increases again in September

For the second consecutive month, Port of Los Angeles cargo volume increased compared to 2022. The Port handled 748,440 Twenty-Foot...
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Asia Distillates-Markets slip despite thin liquidity, Nov spot tenders continue

Asia’s middle distillates markets softened mostly against a backdrop of thinning spot trading liquidity and softer ICE gasoil futures, though...
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