News Flash

Asian refiners to embrace Middle Eastern sour crude regardless of price swings

Asian and Persian Gulf refineries will continue to depend heavily on Middle Eastern crude grades as their staple diet, regardless...
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Dry Bulk Market: Panamaxes Show Strong Growth Momentum

Capsize The week in the Cape market has shown a mix of activity in both the Pacific and Atlantic regions....
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Congestion in Panama to support charter market

Continuing congestion, exacerbated by the impact of El Nino to the end of 2023, will increase voyage costs and may...
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Winter LNG demand pops up from China; Japan, South Korea remain quiet

The Asian LNG market has started to see demand for winter popping up from China as the fourth quarter approaches,...
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Singapore iron ore hits near 6-mth high on low stocks, pre-holiday restocking

Iron ore futures rose for a fourth straight session on Thursday, helped by low inventories and pre-holiday restocking, although concerns...
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Intermanager Launches New Ship Management General Principles Of Conduct And Action

InterManager, the international trade association for third party and in-house ship managers, has today launched a set of General Principles...
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GAC Oman welcomes the world’s first liquefied hydrogen carrier

In a historic moment for Oman’s clean energy aspirations, the world’s first liquefied hydrogen carrier, the Suiso Frontier, has made...
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OCI Global to double its green methanol capacity in the United States

OCI Global (Euronext: OCI), the world’s largest producer of green methanol, has announced plans to double its green methanol production...
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EU Commission President Names Landmark Methanol Vessel “Laura Mærsk”

The world’s first methanol-enabled container vessel will carry the name “Laura Mærsk”, the EU Commission President Ursula von der Leyen...
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Asia Fuel Oil-VLSFO steadies; inventories at three-week highs

Asia’s very low sulphur fuel oil (VLSFO) market steadied on Thursday after recent declines, while onshore inventories at Singapore rebounded...
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Xeneta: Short-term rates from the Far East to USEC positioned for further gains

Freight forwarders looking for room to negotiate, and optimize their margins, should keep a keen eye on developments on the...
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Hapag-Lloyd CEO: counter offer for HHLA would not be in our interest

Hapag-Lloyd CEO Rolf Habben Jansen said on Thursday that it would not be in the container shipper’s interest to make...
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Baltic index scales over 3-1/2-month high on robust demand across all segments

The Baltic Exchange’s main dry bulk sea freight index rose for the seventh straight session on Thursday as demand strengthened...
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BPA and IAPH focus on port sustainability at London International Shipping Week; IAPH joins BPA on the South Bank

As London is awakened to the buzz of London International Shipping Week (LISW), the voices of UK and international ports,...
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Iron ore extends gains on pre-holiday restocking expectations

Iron ore futures climbed for a third consecutive session on Wednesday, buoyed by expectations of pre-holiday restocking demand from steelmakers...
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Ukraine increases farm exports by rail and truck as Black Sea ports blocked – brokers

Ukraine, which had to find different ways to export its grain since Russia quit the U.N.-brokered Black Sea grain export...
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Crowley, SEACOR to Create New, Standalone Company Through Integration of U.S. Jones Act Tank Vessel Fleets

Global maritime and logistics leaders Crowley and SEACOR Holdings (“SEACOR”), through its subsidiary Seabulk Tankers, Inc.(“ Seabulk”), announced an agreement...
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Asia Fuel Oil-Premiums fall further as offers weigh on market

Fuel oil cash premiums dropped further in Asia on Wednesday as more competitive offers emerged for October-loading products. The premium...
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Middle East diesel exports to Europe rebound heading into winter demand

Middle East diesel exports to Europe are climbing again after hitting an eight-month low in July as reduced stockpiles, refinery...
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MSC offers to buy a stake in Hamburg port operator.

MSC, the world’s biggest container shipping company, is offering to buy almost half of the main operator of Hamburg port,...
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