News Flash

Low water levels again hamper Rhine river shipping in Germany

Low water levels after dry weather have stopped cargo vessels from sailing fully loaded on the Rhine river in Germany,...
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Coach Solutions unveils EU ETS monitoring tool for simplified compliance

Coach Solutions, a leading provider of vessel optimisation solutions has launched a reporting tool designed to help owners and operators...
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Lack of yard capacity and capability could compromise the maritime industry’s retrofit ambitions

A Lloyd’s Register (LR) report on the state of technology, integration and compliance, alongside the business case for retrofitting vessels,...
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Inmarsat to move shipping comms from Netherlands to Greece

British satellite communications company Inmarsat said on Wednesday it is nearing an agreement to move some of its ground communications...
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Baltic index falls on lower capesize demand

The Baltic Exchange’s main sea freight index fell for the second straight day on Wednesday, dragged down by a fall...
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Output disruption in Israel to have limited impact on Europe gas prices- Goldman.

Gas production curtailment in Israel due the ongoing conflict is likely to tighten global balances, but the impact on European...
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China’s top copper buyers expect a 36% cut in Codelco premium.

China’s largest copper buyers expect to pay a premium of around $90 per metric ton next year for Codelco’s metal,...
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Iron ore pullback deepens as traders assess China demand.

Iron ore futures dipped to six-week lows on Tuesday, dragged lower by concerns about looming steel production cuts in China...
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Saudi Aramco to supply full oil volumes to N. Asia refiners in November.

Saudi Aramco has notified at least four North Asian buyers that it will supply full contractual volumes of crude oil...
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Maersk says port operations in Israel working normally.

Maersk said on Tuesday that port operations at Israel’s major terminals are running as normal despite a violent conflict with...
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Asia Fuel Oil-VLSFO cash premium dips as backwardation softens

The cash premium for very-low sulphur fuel oil (VLSFO) eased slightly on Tuesday, while market backwardation continued to soften. The...
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U.S. crude oil exports reached a record high in first half of 2023

U.S. crude oil exports in the first half of 2023 averaged 3.99 million barrels per day (b/d), which is a...
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Container values and earnings fall to the lowest levels since early 2021

Container Values have fallen across all sub sectors and age categories based on weakened market sentiment which has had an...
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Baltic index snaps 3-day winning streak as capesize rates dip.

The Baltic Exchange’s main sea freight index fell on Tuesday, snapping a three-session-long winning streak, pressured by lower rates in...
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Cargo shipping to lose EU antitrust exemption from 2024.

Cargo shipping companies from next year will no longer enjoy a decades-long exemption from EU rules against anti-competitive agreements because...
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Global LNG: Asia spot prices retreats from 7-month high on tepid demand

Asian spot liquefied natural gas (LNG) prices retreated from a seven-month high as demand remained muted due to warmer weather...
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Indian steel firms plan price rises as coking coal costs surge

Indian steel companies plan to raise prices of various grades of the alloy due to rising import costs of coking...
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APM Terminals eyes half-way point in renewable electricity goal

The news that APM Terminals has reached 40% in its ambition to run all global terminals on renewable electricity earned...
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China’s 4th batch of 2023 crude oil import quota at 9.54 mln tons – sources

China has issued a fourth batch of 2023 crude oil import quotas, raising the volume for the year to 203.64...
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Port of València moderates the downward trend of export freight rates

Export freights from the Port of València contain their fall, registering a decrease of 2.08%, the most moderate in the...
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