News Flash

Baltic index climbs to more than 2-month high on firm vessel rates

The Baltic Exchange’s dry bulk sea freight hit a more than two-month high on Monday, on robust demand across all...
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War insurers shrug off Rubymar sinking in Red Sea, rates stable

The cost of war risk insurance through the Red Sea remained stable on Monday despite the sinking of the Rubymar...
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Geopolitics and supply chain dynamics will dictate oil and gas outlook in 2024, says GlobalData

The oil and gas industry has witnessed a considerable upheaval in its supply chains amid the protracted Russia-Ukraine conflict and...
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Dalian iron ore falls on slow demand recovery, doubts on long-term China outlook

Dalian iron ore futures prices extended their decline on Monday, dragged down by slow near-term demand recovery and growing doubts...
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CMA CGM Partners with Nike for Sustainable Shipping

We are thrilled to announce a collaboration with Nike to reduce the carbon footprint of their maritime transport. This initiative...
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‘Sky’s the limit’ for shipping derivatives

The sky’s the limit” for the use of derivatives in the shipping industry, according to finance expert and academic Professor...
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Rotterdam World Gateway container terminal invests in shore-based power

Rotterdam World Gateway (RWG) container terminal has decided to equip its entire quayside with shore-based power for all vessels. The...
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US LNG exports fall in February on outage and fewer calendar days

A month-long closure at Freeport LNG plant in Texas and fewer days in the month pushed February U.S. liquefied natural...
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Cyprus Shipping 2024 | New Green Incentives Programme

The Cyprus Shipping Deputy Ministry recently announced a new ‘Green Incentives Programme’, aiming to reward vessels which effectively reduce their...
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Ukraine expands ship war insurance with Marsh & Lloyd’s to iron ore, steel

Insurance broker Marsh MMC.N and Lloyd’s of London underwriters have expanded a marine war insurance programme backed by Ukraine from...
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Only grain ships from Black Sea and for Iran still crossing Red Sea, analysts say

Grain ships originating from the Black Sea or bound for Iran are about the only ones still sailing through the...
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UKMTO receives report of attack west of Yemen’s Mokha

The United Kingdom Maritime Trade Operations (UKMTO) agency said on Saturday that it received a report an attack 15 nautical...
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Yemen’s Houthis say they will continue sinking British ships

Houthi militants have repeatedly launched drones and missiles against international commercial shipping since mid-November. Yemen's Iran-backed Houthis vowed on Sunday...
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Ship sunk by Houthis threatens Red Sea environment, Yemeni government says

The UK-owned Rubymar, attacked by Houthi militants last month, has sunk in the Red Sea, Yemen’s internationally recognised government said...
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Rubymar cargo ship attacked by Houthis has sunk, Yemeni government says

The Rubymar cargo ship, attacked last month, has sunk in the southern Red Sea, Yemen’s internationally recognised government said in...
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Asia Distillates-Margins hit 2-month low, premiums dip again amid ample supply

Asia’s middle distillates markets weakened further against a backdrop of ample March supply from northeast Asian suppliers, cautious expectations on...
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NORDEN adds to Capesize portfolio to meet customer demands

NORDEN acquires four Capesize newbuildings to meet strong demands from customers looking to unlock economies of scale by sizing up...
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India’s Russian oil imports rise in February – ship tracking data

India’s daily crude oil imports from its top supplier Russia are expected to rise in February from the previous month,...
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Iron ore hemmed in tight range as investors reassess China demand prospects

Iron ore futures held in a tight range on Thursday as investors reassessed near-term demand prospects in top consumer China...
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ZeroNorth partners with Vitol to facilitate EUA purchases, accelerating green shipping

New functionality will enable customers to request to buy European Union Allowances from Vitol’s Carbon Desk Copenhagen, Denmark, 29 February...
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