News Flash

Panama Canal” Vessels In Queue Lower Than Last Year’s

The Panama Canal’s budget for fiscal year 2024 begins next Sunday, as the authority will continue to manage its operations to...
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Asia’s crude oil imports slip in Sept as price hike bites

Asia’s crude oil imports slipped for a second consecutive month in September as refinery maintenance trimmed demand and the impact...
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OSV Market In Complete Turnaround of Fortunes

The OSV (Offshore Support Vessel) is in a state of complete recovery from the lows of the past couple of...
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Asia Fuel Oil-HSFO cash premiums fall, timespreads crunch

Asia’s high sulphur fuel oil market softened on Monday, with cash premiums sliding and backwardation time spreads narrowing sharply compared...
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Higher capesize rates drive the Baltic index higher

The Baltic Exchange’s Main Sea Freight Index.BADI, tracking rates for ships carrying dry bulk commodities, rose on Monday, aided by...
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Shoreline unveils – MARPOL Detention Costs Insurance (MDCI): An essential new insurance solution when faced with expanded U.S. MARPOL investigations

Shoreline, a leading provider of maritime risk solutions, is proud to introduce its innovative new marine insurance product, MARPOL Detention...
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Ultra low-sulphur diesel loadings from Russia’s Primorsk to fall in Oct -traders

Ultra low-sulphur diesel (ULSD) loadings from the Russian Baltic Sea port of Primorsk are set to fall in October by...
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Navigating Towards Sustainability: Wind-Powered Cargo Ships and the Future of the Shipping Industry

There’s an undeniable demand for transformative solutions in the shipping sector. Shipping is a major emitter of greenhouse gases due...
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Tanker Market Moved Sideways Last Week

CleanLR2 LR2 freight levels have appeared to have been somewhat unsettled this week with no clear direction. TC1 has bubbled...
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Asia’s coal sector sees long, prosperous life despite energy transition

Asia’s coal sector has gone from thinking they are in terminal decline as the world shifts to a net-zero carbon...
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Russia considers fuel export quotas to tackle high prices

Russia may introduce quotas on overseas fuel exports if a complete export ban imposed last week fails to bring down...
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Mississippi River near historic lows, grain exports at risk

A key stretch of the lower Mississippi River dropped this week to within inches of its lowest-ever level and is...
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SAIL to get coking coal from Russia

State-owned Steel Authority of India Ltd (SAIL), the largest steel producer in the country, is ensuring it has adequate coking...
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India imports of Russian, and Iraqi oil rebound in September

India’s oil imports from Russia rebounded in September after hitting a seven-month low in August as prices fell against Middle...
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Five new cargo vessels heading for Ukrainian Black Sea ports -MarineTraffic

Five new ships are on their way to Ukrainian seaports using a new corridor opened to resume predominantly agricultural exports,...
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Russia’s fuel export ban will not be lifted soon – TASS cites minister

Russian Energy Minister Nikolai Shulginov said on Thursday that the ban on fuel exports will not be lifted soon and...
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WinGD wins first approval in principle for ammonia two-stroke engine

Lloyd’s Register approval in principle will support shipowner confidence in vessel designs using ammonia-fuelled main engines. Swiss marine power company...
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Baltic index snaps 4-day winning streak as capesize rates slip

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, snapped its four-session-long winning streak...
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Beijing says no extra quotas for clean oil product exports, crude imports: quota holders

The Chinese government will not issue new quotas for clean oil product exports and additional allowances for crude oil imports...
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China, Germany resume high-level financial talks

China and Germany will co-host a third financial dialogue in Germany on Oct. 1, the Chinese foreign ministry said on...
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