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Asia Fuel Oil-Timespreads widen further, inventories slide

Asia’s fuel oil market continued to firm on Thursday amid stronger backwardation timespreads, while inventories at key trading hub Singapore...
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Airbus and LDA to install new fuel-saving sails for maritime operations

Louis Dreyfus Armateurs will equip one of the vessels it uses to transport aircraft subassemblies for Airbus, with a wind-assisted...
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Greece names Thessaloniki port operator preferred bidder for Volos port

Greece’s privatisation agency has named the operator of Thessaloniki port as the preferred bidder for acquiring a 67% stake in...
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Seapath and Pilot LNG Joint Venture to Develop First Dedicated LNG Bunkering Facility in U.S. Gulf Coast

Seapath, a maritime subsidiary of Libra Group, and Pilot LNG, LLC (Pilot), a Houston-based clean energy solutions company, today announced...
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World Maritime Day 2023 highlights marine environment protection

This year sees the 50th anniversary of the adoption of the International Convention for the Prevention of Pollution from Ships...
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World Maritime Day Message Must Extend Beyond the Boundaries of Shipping, says INTERCARGO

Never has the theme of this year’s World Maritime Day – ‘New technologies for greener shipping’ – been so in...
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Baltic index scales 11-month peak on strong capesize rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose to an 11-month...
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Asia Fuel Oil-Market firms with stronger bids, wider time spreads

Asia’s fuel oil market strengthened on Wednesday with firmer bids for spot cargoes and wider backwardation time spreads. The 380-cst...
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Ship insurance facility set up for Ukraine grain exports says broker Miller

A new marine insurance facility for Ukrainian grain exports using the country’s sea corridor has been set up in conjunction...
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US thermal coal exports jump to 5-year highs on Asian demand

United States thermal coal exports hit their highest levels since 2018 during the first eight months of 2023, climbing 20%...
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QatarEnergy, Korea’s HHI signs $3.9 bln deal for 17 LNG carriers

QatarEnergy said on Wednesday it had signed a 14.2 billion riyal ($3.90 billion) deal with HD Hyundai Heavy Industries 329180.KS...
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China may boost October fuel exports on robust margins, flight recovery

China’s oil products exports are set to rise in October as state-owned refiners capitalise on lucrative margins and some Western...
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PPA SA: Strong performance in the first half of 2023, with a significant increase in profitability and turnover

In the first half of the fiscal year 2023, PPA S.A. reported a continued robust increase in profits and income,...
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Vale and Port of Açu sign agreement to develop a Mega Hub for the decarbonization of steelmaking

Vale informs that it signed an MOU with the Port of Açu to study the development of a Mega Hub...
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‘Dark’ ships are faking their locations to move oil around the world — and it is likely worth billions of dollars

Ships are faking their locations to engage in illicit activity — and rising numbers appear to be doing so to...
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MV Ballard becomes the first KCC vessel equipped with Silverstream Technologies air lubrication system

Klaveness Combination Carriers (“KCC”) announces MV Ballard, the youngest vessel in the CABU fleet, has completed dry dock and subsequent...
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Three Japanese Shipping Companies Partner to Establish Global Liquefied Hydrogen Supply Chain

On September 12 2023, Japan Suiso Energy, Ltd. (JSE)*, and three Japanese shipping companies, Kawasaki Kisen Kaisha, Ltd. (“K”LINE), Mitsui...
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Cargo vessel sets off from Ukrainian Black Sea port – source

A cargo vessel set off from a Ukrainian Black Sea port on Tuesday after loading but remained close to the...
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Mideast-Asia oil shipping rates rebound, capped by OPEC+ supply cuts.

The cost of chartering a supertanker to load Middle Eastern crude oil for Asia has rebounded from a 19-month low...
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RightShip introduces PortRISK to transform port and terminal risk management

Built using RightShip’s unmatched maritime vessel, incident, and company database, PortRISK provides a comprehensive suite of features, including pre-arrival checks...
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