News Flash

Russian Urals STS shipments slump 85% from their Q1 peak: Vortexa

Ship-to-ship transfers of Russia’s Urals crude oil grade in August were about 85% lower than their peak in the first...
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Romania upgrades Black Sea port infrastructure to bring in more Ukrainian grain

Romania’s government will approve on Friday a plan to upgrade road infrastructure in the Black Sea port of Constanta, part...
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Russia ships first oil cargo to Brazil as it seeks to diversify buyers

Russia is shipping its first crude oil cargo to Brazil, as it seeks to diversify its list of buyers, which...
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South Korea’s FLC bought about 57,000 metric tons feed wheat – traders

South Korea’s Feed Leaders Committee (FLC) has purchased around 57,000 tonnes of animal feed wheat to be sourced from any...
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China’s trade slump narrows as stabilisation signs emerge

China’s exports and imports extended declines in August as the twin pressures of sagging overseas demand and weak consumer spending...
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Greek PM postpones keynote speech after deadly storm

Greek Prime Minister Kyriakos Mitsotakis has postponed an annual economic speech scheduled for this weekend and will instead visit areas...
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Policymakers see darker days ahead in China as growth sputters

Policymakers expect persistently slower growth in China, perhaps even more sluggish than current consensus estimates, seeing its transition from an...
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Iron ore retreats on China demand worries

Iron ore futures fell on Thursday following gains earlier this week, as weak China trade data overshadowed a jump in...
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Saudi Arabia raises October Arab light crude price to Asia

Saudi Arabia raised its October official selling price (OSP) for its Arab light crude to Asia by 10 cents a...
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Europe Distillates-Diesel cracks gain, stocks post rise

Northwest European diesel barge refining margins rose slightly to $36 a barrel on Thursday, after data showed the first weekly...
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China’s oil imports surge in August as fuel exports, inventories rise

China’s crude oil imports surged in August, customs data showed on Thursday, as refiners built inventories and increased processing to...
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London retains crown as leading global centre for maritime arbitration, handling 85% of global caseload

London handled more than 85% of the world’s maritime arbitration in 2022 according to the findings of a comprehensive new...
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Baltic index hits two-week peak on higher capesize rates

The Baltic Exchange’s main sea freight index rose to a two-week high on Thursday, helped by a jump in capesize...
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Major Maritime Insurers Join Groundbreaking Initiative To Improve Cargo Safety

Safetytech Accelerator is pleased to confirm that major UK maritime insurers, the UK P&I Club and TT Club have signed...
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Asia Fuel Oil-HSFO rebounds; Saudi extends oil cuts to year-end

Asia’s spot market for high sulphur fuel oil (HSFO) firmed on Wednesday, a day after Saudi Arabia and Russia said...
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ClassNK and FUKUI to collaborate toward the installation of safety relief valve for cargo tank of liquefied hydrogen carrier on actual ships

Fukui Seisakusho Co., Ltd. (FUKUI) and ClassNK have signed a Memorandum of Understanding concerning a joint study on a safety...
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LNG prices lower but still high on historical basis -Shell exec

Global liquefied natural gas (LNG) prices have reduced significantly but are still high on a historical basis, resulting in demand...
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India seeks more natural gas amid emergency measures to end blackouts

India is seeking additional volumes of natural gas and has asked utilities to expedite the completion of power plant maintenance,...
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Japan’s Inpex interested in buying US LNG linked to Henry Hub prices, CEO says

Inpex 1605.T, Japan’s top oil and gas producer, is interested in buying liquefied natural gas (LNG) from the United States...
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Maersk Finalizes ECO Delivery Deal with Amazon

A.P. Moller – Maersk (Maersk) and Amazon have finalized a 2023-2024 agreement for the transport of 20,000 FFE containers using...
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