News Flash

Ukraine says Russian warplanes drop explosives on Black Sea shipping lanes

Ukraine said on Wednesday Russian warplanes had dropped “explosive objects” into the likely paths of civilian vessels in the Black...
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South Korea Successfully Achieves Simultaneous LNG Bunkering Operations on Bulk Carriers

For the first time in Korea, on 28 October, simultaneous operations (SIMOPs) of ship-to-ship LNG bunkering were successfully conducted for...
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WAF VLCC market continues to firm on rising oil demand

Dirty freight rates for Very Large Crude Carrier voyages loading in West Africa have firmed substantially since the start of...
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Asia Fuel Oil-VLSFO premium spikes on tight supply outlook

Cash premiums for very low sulphur fuel oil (VLSFO) extended gains in Asia on the first trading day of November,...
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Black Sea dry bulk exports up 13% y/y as Russian wheat exports rise

Between January and October, dry bulk exports out of the Black Sea increased by 13% y/y, driven by Russian wheat...
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MOL and Pyxis sign Collaboration Agreement for development and market expansion of electric vessels in Singapore and Japan

Mitsui O.S.K. Lines, Ltd. (MOL) and Pyxis Maritime Pte Ltd. (Pyxis) have signed a Memorandum of Understanding (MoU) to collaborate...
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Baltic index falls for 10th straight session on lower vessel demand

The Baltic Exchange’s main sea freight index .BADI, tracking rates for ships carrying dry bulk commodities, fell for a tenth...
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Singapore iron ore eases slightly amid caution on China data

Singapore iron ore edged down on Tuesday, as caution dominated among traders after the latest Chinese manufacturing data missed expectations....
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Asia Fuel Oil-VLSFO margin hits four-month high; more tenders underway

Asia’s fuel oil benchmarks climbed on Tuesday with refining margin scaling a four-month high, while more tenders for November-loading cargoes...
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ITIC warns ship managers of the dangers of management mistakes.

International Transport Intermediaries Club (ITIC) – a mutual insurer that provides professional indemnity cover for transport intermediaries operating in the...
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Drought at the Panama Canal delays energy shipments, increasing shipping costs.

A drought is limiting ship traffic through the Panama Canal. The resulting delays caused shipping rates through the Panama Canal...
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ENGINE: East of Suez Bunker Fuel Availability Outlook

SingaporeSingapore has witnessed “below average” bunker demand so far this week, a source says. Product loading delays at oil terminals...
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MISC Partners with Pengerang LNG (Two) Sdn. Bhd. for LNG Floating Storage Unit Project

MISC Berhad (MISC) has entered into a binding Heads of Agreement (HOA) with Pengerang LNG (Two) Sdn. Bhd. (PLNG2SB), a...
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The Nautical Institute Singapore Conference 2023 wraps up with exceptional attendance and inspiring insights for the maritime industry.

The Nautical Institute Singapore Conference 2023 has concluded with the attendance of close to 180 shipping professionals and key industry...
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Falling vessel rates push Baltic main index lower.

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for a ninth consecutive...
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CEMS forges strategic partnerships at Global Maritime India Summit 2023 to boost skill development and innovation.

The Centre of Excellence in Maritime and Shipbuilding (CEMS), a dynamic skill development knowledge centre established by the Ministry of...
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WAF Suezmax market surges to YTD high amid rising inquiry, insufficient tonnage list

Suezmax dirty tanker freight rates for West Africa to UK-Continent voyages rose sharply on the day Oct. 27, amid an...
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Anemoi signs deal with Hudong-Zhonghua Shipbuilding Group to develop Rotor Sail designs for LNG carriers.

Anemoi Marine Technologies has entered into a Joint Design Cooperation Agreement with Hudong-Zhonghua Shipbuilding Group for the design of Rotor...
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INTERCARGO meets in Athens and celebrates record membership.

Members of INTERCARGO met in Athens last week for the Association’s Annual General Meeting, Executive Committee and Technical Committee meetings,...
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Asia Fuel Oil-VLSFO premium edges up as bids firm for Nov second-half

Asia’s cash premium for very low sulphur fuel oil (VLSFO) rose on Monday after bids for spot cargoes firmed for...
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