News Flash

Asia Fuel Oil-VLSFO slips after Kuwait’s Al Zour issues fresh tender

Asia’s very low sulphur fuel oil (VLSFO) market softened on Tuesday after Kuwait’s Al Zour refinery issued a fuel oil...
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ThPA S.A. expands its intermodal service to Skopje

ThPA S.A. is launching a new container block-train service between Thessaloniki and the capital of the Republic of North Macedonia,...
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OCI Global completes first European green methanol bunkering in Port of Rotterdam, the Netherlands

OCI Global has successfully bunkered the world’s first ever green methanol-powered container vessel, which is owned by Maersk, in The...
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Higher rates across vessel segments prop up Baltic index

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, snapped a six-session long streak...
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Asia LNG loses some strike froth, but fundamentals are supportive

Spot prices of liquefied natural gas (LNG) retreated in Asia as the threat of imminent strike action at three Australian...
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Palm ends lower on weaker Malaysian exports, Dalian gains cap losses

Malaysian palm oil futures finished more than 1% lower on Monday following reports of lackluster exports this month, although gains...
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China soybean crush margin turns positive after 2 months, headwind remains

China soybean gross crush margins for October have rebounded from negative to positive territory, with Platts, part of S&P Global...
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Iron ore retreats as market awaits further China support

Iron ore futures retreated on Monday as traders adopted a wait-and-see stance after last week’s rally, spurred by optimism over...
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Ukraine opposes further grain restrictions by neighboring countries -minister

Ukraine strongly opposes the imposition of any restrictions on the import of its grain by neighbouring countries after a European...
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Nordic American Tankers Ltd: The direction of NAT is up

The net income for the first half of 2023 is more than $100 million higher than for the same period...
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Digital port calls to reduce 1000 tons of CO2 emissions annually at the Port of Gothenburg

The Gothenburg Port Authority has started developing an entirely new digital port call solution in collaboration with maritime operators. In...
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Klaveness and Lauritzen demonstrate collaboration as the key to success.

Torvald Klaveness and Lauritzen Bulkers, leading global dry bulk shipping companies, are pleased to announce a collaboration move that sees...
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Kremlin plays down the significance of the second vessel passing via Ukraine’s Black Sea corridor.

The passage of a second ship from Ukraine along a temporary Black Sea corridor has nothing to do with the...
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Second vessel leaves Odesa through temporary Black Sea corridor: Minister

A vessel carrying steel products to Africa has left Ukraine’s Odesa port through a temporary Black Sea corridor, the second...
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Asia Fuel Oil-Cash differentials steady in thin trade

Asia’s high Sulphur fuel oil (HSFO) market held steady after collapsing last week, while very low Sulphur fuel oil (VLSFO)...
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India diesel exports to Singapore set for highs in Aug, drop for Europe -trade

India’s diesel exports to Singapore are set to hit a 19-month high in August and exceed 330,000 metric tons, boosted...
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Asia will continue to dominate global refinery coking capacity additions through 2027, says GlobalData

Asia is set to witness the highest refinery coking capacity additions among all regions during 2023 and 2027, contributing about...
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Prices and higher well productivity drive up U.S. crude oil production forecast

In our August Short-Term Energy Outlook (STEO), we increased our forecast for U.S. crude oil production in the Lower 48...
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Asia Fuel Oil-HSFO crashes as earlier rally fizzles out

Asia’s high sulphur fuel oil (HSFO) weakened sharply on Thursday, a sign that the rally in early August had lost...
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Frontline Sees Spot TCEs for the full third quarter of 2023 to be lower than the TCEs currently contracted

Frontline plc, reported unaudited results for the six months ended June 30, 2023: Highlights Highest second quarter profit since 2008...
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