News Flash

Panama Canal water levels at historic lows, restrictions to remain

The Panama Canal’s water levels have not recovered enough as the end of the rainy season approaches and limits on...
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Soybeans rebound as U.S. crop deteriorates in hot, dry weather

Chicago soybean futures rose on Wednesday, recouping the last session’s losses, after a weekly U.S. government report showed that crop...
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Capesize uptick propels Baltic index

The Baltic Exchange’s main sea freight index rose on Wednesday, supported by gains in the capesize segment. The overall index,...
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India remained top buyer of Russian Urals in Aug despite rising prices

India remained the main buyer of Russian Urals oil loaded from the state’s ports in August, despite a record rise...
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Baltic index slips as capesize losses outweigh panamax gains

The Baltic Exchange’s main sea freight index declined on Tuesday as capesize rates hit a near six-month low, offsetting a...
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Asia Fuel Oil-VLSFO softens, HSFO steadies on thin trade

Asia’s very low sulphur fuel oil (VLSFO) market weakened further as front-month backwardation continued to narrow, while high sulphur fuel...
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StormGeo Launches End-to-End Bunker Management Solution, Setting New Industry Standards for Full Data Control

StormGeo, the leading provider of voyage optimization and weather intelligence solutions, today announces the launch of Bunker Management, providing the...
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NAVTOR demonstrates importance of Greek market with launch of NAVTOR Hellas

NAVTOR, a global leader in maritime e-Navigation and performance solutions, has announced the opening of its eleventh office with the...
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WinGD and Samsung Heavy Industries to cooperate on future fuel applications

Swiss marine power company WinGD and shipbuilder Samsung Heavy Industries (SHI) have agreed to cooperate on future fuel vessel applications...
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Carbon dioxide shipping set to surge on rising offshore storage demand

Carbon dioxide transportation is shifting to the seas as emitters look to move captured gas to offshore storage projects, according...
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Iron ore rally cools as traders assess China demand prospects

Dalian iron ore dipped on Tuesday while the Singapore benchmark trimmed gains, as traders weighed China’s measures to revive its...
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Global refining output seen staying near full capacity on high margins

Refiners globally are expected to run at near full capacity in the near term to seize strong margins while crude...
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BIMCO: Tanker Shipping Market Prospects Are Looking Positive

We forecast that the crude tanker market will see cargo volume growth of between 2.0% and 3.0% in 2023 and...
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Venezuela’s August oil exports slump 38% as crude upgrading falls short

Venezuela’s oil exports in August fell 38% from a three-year high in July as state-run oil company PDVSA struggled to...
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Höegh LNG and Aker BP Form Strategic Partnership for Carbon Transport and Storage Solutions

Höegh LNG and Aker BP have entered a strategic partnership to develop a fully comprehensive carbon transport and storage offering...
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Iron ore gains as China property stimulus in focus

Iron ore futures clung to modest gains on Monday amid optimism over top global steel producer China’s policy support for...
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G7 oil price cap effective in cutting Russian revenue -Treasury official

The Group of Seven’s price cap on Russian oil is still effective in limiting Russia’s revenue and oil supplies, a...
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Gard Delivers Strong Half-Year Results Despite Market Adjustments

The group’s half-year results for the period 1 January 2023 to 30 June 2023, on an Estimated Total Call (ETC)...
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Saudi Arabia shipped less oil in August as OPEC cuts continue

Saudi Arabia shipped 175.22 million barrels of crude oil in August 2023, over 31 million barrels less than the 206.61...
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Ukraine limits cargo shipments to Danube port after Russian strikes

Ukrainian railways have partially restricted cargo shipments to Ukraine’s major Danube River port Izmail, which has been the target of...
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