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Baltic index scales over 9-month high on Capesize surge

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose to its highest...
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Inmarsat Maritime Safety Report Highlights Importance Of Data And Collaboration In Tackling Persistent Safety Challenges

The 2023 edition of The Future of Maritime Safety Report from Inmarsat Maritime, a Viasat business, reveals that the number...
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Port Houston loaded exports up 10% year-to-date.

Loaded export volumes at Port Houston are up 10% year-to-date, maintaining the upward trajectory seen throughout 2023 and helping support...
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Iron ore is clouded further by a weak demand outlook.

Iron ore futures extended declines on Tuesday, as investors booked profits ahead of upcoming holidays in China and demand concerns...
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OPEC+ production cuts drive up sour crude oil prices around the world.

Crude oil production cuts among OPEC+ members are limiting the global supply of medium, sour, and heavy, sour grades of...
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Robust exports and stable domestic demand keep China’s steel production strong in 2023

Robust steel exports from China have emerged as a major driver supporting steel production at a time when demand activity...
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Baltic index rises to over 4-month high on stronger capesize rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose to its highest...
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Middle East Crude-Dubai and Oman firms; EFS retains volatile swing.

Middle East crude benchmarks Dubai and Oman rose on Monday, with two cargo deliveries of Upper Zakum emerging, while the...
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Asia Fuel Oil-Cash premiums steady, market eyes regional tenders

regional tenders for October. Cash premium for 0.5% VLSFO was pegged at $8.61 a metric ton, while 380-cst HSFO was...
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Russia diesel export curbs to exacerbate tight supply in Asia in Q4

Russia’s move to temporarily ban diesel exports to ease surging domestic fuel prices could see more barrels moving from the...
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Drewry: Port Throughput Index Down 2.1% in July

The Drewry Container Port Throughput Indices are a series of calendar-adjusted volume growth/decline indices based on monthly throughput data for...
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Berlin takes a closer look at the sale of MAN gas turbine division to China

The German government is taking a closer look at the sale of Volkswagen subsidiary MAN Energy Solutions’ gas turbine division...
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MOL, PETRONAS, and MISC Set the Stage for the Development of Liquefied CO2 Carriers

Mitsui O.S.K. Lines, Ltd. yesterday announced that MOL has principally reached an agreement with two Malaysian companies PETRONAS CCS Ventures...
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Iron ore hits 2-week low on weak demand, possible steel output curbs

Iron ore futures fell on Monday, as traders were worried about weaker-than-expected steel consumption in the peak construction season and...
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Sizzling rally in US energy stocks has room to run, bulls say

Contrarian investors were rewarded for betting on the beaten down U.S.energy sector earlier this year with a blazing rally. Some...
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Valenciaport warns of the diversion of traffic to non-EU ports to evade payment for emissions

Loss of competitiveness, reduction of transhipment business (transfer of cargo from one ship to another), carbon leakage and diversion of...
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Russia still No.1 oil source for India despite fall

Russia remained the top supplier of crude oil to India in July as it exported crude oil worth $3.37 billion...
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Green shipping must be economically sustainable too: Singapore Foreign Minister Vivian Balakrishnan

Singapore is doing its bit for ocean conservation and sees such efforts as critical to being able to continue making...
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Why is the sea so hungry?

In the 1980s and early 1990s, the world’s merchant fleet lost 130 bulk carriers, in some tragic cases with all...
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Shipping: China export rebound doesn’t mean that the halcyon days are back

A recent bump in shares of Asian shipping companies was spurred by optimism that Chinese exports could be on the...
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