News Flash

Volatility expected in metals markets as they adapt to accelerated energy transition pressures

The current metals super-cycle that is a major component of the global energy transition could stall due to a gloomy...
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Shipping needs to take rapid action to achieve 5% zero-emission fuel target by 2030, new report finds

A new report from UMAS, Getting to Zero Coalition, and Race to Zero finds that while it is possible for...
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OPEC plans no immediate action after Iran urges Israel oil embargo, sources say

OPEC is not planning to hold an extraordinary meeting or take any immediate action after Iran’s foreign minister called on...
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Rates Spark: Economic resilience pushes rates higher

How the situation in the Middle East will evolve is still very uncertain, but high-level diplomatic efforts are all about...
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Global Trade Activity Falls at Steepest Rate in Eighteen Months

New data from Tradeshift shows transaction volumes across global supply chains dropped at their fastest rate in eighteen months in...
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The Antitrust Immunity for Carrier Agreements Remains Beneficial For the Global Supply Chain

ASA has submitted to the European Commission in October 2022, in collaboration with ICS and WSC, their solid position that...
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Asia Fuel Oil-VLSFO premiums retreat, HSFO stable

Spot cargo premiums for Asia’s very low sulphur fuel oil fell on Tuesday, while high sulphur fuel oil (HSFO) market...
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Baltic index hits over 14-month high on capesize gains

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, scaled its highest in more...
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GenPro Blue Day brings together expert speakers for sustainability panel

Following close on the heels of Cyprus Maritime Week, maritime and commercial procurement company GP General Procurement Company Limited (GenPro)...
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Russian oil freight rates jump as US boosts scrutiny of price cap compliance

Oil freight rates from Russia’s Baltic ports to India are up some 50% since last week as more shipowners quit...
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Russian seaborne diesel exports fell by 20% from October 1-15 m/m

Russia’s seaborne diesel and gasoil exports fell by 20% to about 1.1 million metric tons in the first 15 days...
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Ample supply weighs on Asian naphtha at the start of H1 Dec delivery cycle

The strength in Asian naphtha took a sharp dip at the start of the trading cycle for H1 December delivery...
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Saudi Arabia can lift oil production within weeks – Aramco CEO

Saudi Aramco 2223.SE can ramp up oil production within weeks as global consumption is set to rise to a fresh...
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US oil output from top shale regions set to fall in November -EIA

U.S. oil output from top shale-producing regions is set to fall for a third month in a row in November...
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CLEAN TANKER QUARTERLY: Americas MR freight heads into firm Q4 amid strong volatility

Persistent transit limitations at the Panama Canal and an easing of the Russian diesel export ban, together with a focus...
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Baltic index rises on capesize strength

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday, supported by...
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WinGD to power EXMAR LPG’s first ammonia-fuelled vessels

Swiss marine power company WinGD will deliver ammonia-fuelled X-DF-A engines for a series of two 46,000m3 LPG/ammonia carriers to be...
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War in Israel: The new geopolitical flashpoint for ocean shipping

Wars and pandemics — geopolitical and global health crises causing widespread suffering and death — have the side effect of...
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INTERCARGO highlights new membership high in Annual Review

As the International Association of Dry Cargo Shipowners (INTERCARGO) publishes its Annual Review taking in the highs and lows of...
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Asia Fuel Oil-Refining cracks dip; Singapore bunker sales steady in September

Asia’s fuel oil refining cracks fell on Monday even though crude oil prices edged lower as the market waits to...
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