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Asia Fuel Oil-HSFO cash discount widens on amply supplied market

Cash discounts for High Sulphur Fuel Oil (HSFO) widened in Asia on Tuesday as the region remains well supplied, with...
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Korean shipbuilders secure big orders for LNG carriers

South Korea’s three major shipbuilders are winning large orders for Liquefied Natural Gas (LNG) carriers in early 2024, indicating their...
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Maersk warns Red Sea disruptions could last into the second half of the year

Maersk has warned of disruptions to container shipping via the Red Sea dragging into the second half of the year...
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Navigating the EU ETS, its extension to shipping and the future of ETS 2

Global law firm Reed Smith hosted a Carbon Markets event on the European Union Emissions Trading System, in which a...
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Baltic index hits over 1-month high on sturdy vessel rates

The Baltic Exchange’s dry bulk sea freight index extended gains for an eighth straight session to touch 1-1/2 month peak...
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Shipping rates volatile in February amid Red Sea crisis, data shows

Rates for the use of the ships most commonly used for carrying crude oil around the world are up to...
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Belgian shipowners support ILO-IMO work on harassment and bullying in the maritime sector

At the forthcoming second meeting of the Joint ILO-IMO Tripartite Working Group to Identify and Address Seafarers’ Issues and the...
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Europe’s gas consumption falls to 10-year low as peak LNG demand nears

Europe’s gas consumption in 2023 fell to its lowest level in 10 years as countries scale up efficiency measures and...
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Asia Fuel Oil-VLSFO cash premium extends downtrend for fourth session

Singapore’s cash premium for very low sulphur fuel oil (VLSFO) extended declines for a fourth straight session as of Monday,...
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Euronav Announces Order For 2 Dual-Fuel Bitumen Tankers Under Long-Term Charter Deal

Euronav NV is pleased to announce that it has concluded an order for two bitumen tankers with China Merchants Jinling...
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Greece approves military participation in EU Red Sea mission

The Greek government on Monday approved the country’s participation in a European Union naval mission in the Red Sea to...
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Improved Panama Canal flows support US LPG over LNG

US LPG exports via the Panama Canal rose slightly in January, according to the US Energy Information Administration, but there...
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Baltic Index Climbs Multiweek Highs On Firm Capesize, Supramax Rates

The Baltic Exchange’s dry bulk sea freight index edged up to a seven-week high on Monday, buoyed by climbing rates...
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Hydroniq Coolers awarded a frame agreement for MR tanker equipment

Marine and offshore pumping system supplier Framo has awarded Hydroniq Coolers a frame agreement to deliver tube coolers for use...
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Aluminium rises from one-month low on Shanghai stocks jump

Aluminium prices hit a one-month low on Monday after inventories in Shanghai jumped and the United States did not impose...
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First LNG vessel arrives at new German Mukran terminal

The first vessel carrying liquefied natural gas (LNG) for Germany’s Baltic Sea terminal of Mukran arrived on Saturday for a...
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Houthi attack on Red Sea ship causes massive oil slick

The Yemen-based Houthi attack last week on a UK-owned ship in the Red Sea caused a 29-kilometer (18-mile) oil spill,...
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Clean Arctic Alliance: Progress Made, But IMO Fails to Act on Black Carbon Emissions, Despite Credible and Direct Pathway

As a meeting of the International Maritime Organization’s (IMO) Sub-Committee on Pollution Prevention and Response (PPR 11) closed today in...
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Suez Canal shipping volumes drop 55% in a week as Red Sea crisis continues

Shipping volumes through the Suez Canal more than halved last week, while volumes on the alternative route around the Cape...
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ECB minutes mark the next step on a very long road to rate cuts

The European Central Bank is not really known as a central bank that makes swift shifts in its policy decisions....
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