News Flash

German environmental group sues private LNG terminal in Lubmin

A German environmental group on Monday said it had filed a lawsuit against a privately operated liquefied natural gas (LNG)...
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ScanOcean and Neste unveils a new marine fuel in Sweden that reduces GHG emissions up to 80%

We are pleased to inform that ScanOcean AB and Neste Oyj are strengthening their existing partnership by launching a new...
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STI Receives Largest Capacity Ship to Call at Chilean ports

Coming from Callao in Peru, the vessel will then continue its route to Coronel. San Antonio Terminal Internacional (STI) continues...
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Growth remains elusive in CTS 1H23 score card

The half-year report for loaded container volumes, made possible by the release of June’s loaded container traffic data by Container...
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Shipping traffic on Belgium’s Scheldt River halted after the accident.

Shipping traffic on Belgium’s Scheldt River was halted until at least Tuesday morning 10am local time (0800 GMT) after a...
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Agreement regarding the sale of two product tankers

Concordia Maritime AB (publ) (“Concordia Maritime”) has entered into an agreement for the sale of the product tankers Stena Premium...
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Q2’23 Carbon emission carrier ranking | Far East – North Europe

We return with the latest update on the Xeneta and Marine Benchmark Carbon Emissions Index (CEI) results. Our focus this...
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Ukraine hits Russian tanker with sea drone near Crimea Bridge

A Ukrainian sea drone full of explosives struck a Russian fuel tanker overnight near a bridge linking Russia to annexed...
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SAAM Closes First Half of 2023 with Net Income of US$33.5 Million

SAAM reports net income of US$33.5 million for first half of 2023. Sales totaled US$449.2 million (+10%) and consolidated EBITDA...
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Ukraine announced a war risk area in the waters of six Russian ports

Ukraine has announced a war risk area in the waters of Russian ports on the Black Sea. This follows from...
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Saudi Arabia, Russia extend oil cuts ahead of OPEC+ committee meeting

OPEC+ leaders Saudi Arabia and Russia are set to keep tightening the oil market into the autumn, announcing Aug. 3...
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Surging U.S. crude oil exports disrupt European, Asian prices

Surging U.S. crude exports in 2023 are pushing down oil prices in Europe and Asia, proving a key source of...
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China to lift tariffs on Australian barley as trade ties improve

China’s Ministry of Commerce said on Friday it would drop anti-dumping and anti-subsidy tariffs on Australian barley imports that had...
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MV Janet Marie, the Newest Addition to Pasha Hawai‘i’s Container Ship Fleet, Makes Her Inaugural Arrival at Honolulu Harbor’s Pier 51

Arrival marks the company’s second container ship to operate on natural gas; Pasha Hawaii donates $25,000 to non-profit Kupu in...
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End of ‘easy bunkering’ in sight on shifting oil flows: TFG Marine

The days of picking and choosing from a range of bunker fuels at ports are disappearing as geopolitics cause oil...
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Russian Seaborne Crude Oil Export Volumes Fall 16% M/M And May Fall Further

Russian seaborne crude oil export volumes have remained strong and grew 13% y/y in 2022 despite the invasion of Ukraine....
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Asia Fuel Oil-HSFO rally stalls, inventories continue to rise

A recent rally in high sulfur fuel oil (HSFO) showed signs of pausing as of Thursday, while landed inventories at...
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More Tankers, fewer Bulkers Were Bought in the S&P Market During the First Half of 2023

Ship owners gravitated towards more tanker acquisitions, than bulker ones, during the first six months of 2023. In its latest...
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Carrier reliance on leased container fleet to support higher per diems and cash returns.

A downturn in trade and mass disposal of surplus equipment will lead to a 2% contraction in the global container...
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Asia crude imports hit high as China, India gorge on Russian oil

Asia’s crude imports lifted to a record high in July as the top-importing region’s two biggest buyers, China and India,...
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