News Flash

Maersk-Backed C2X and the Egyptian Government sign Framework Agreement for the next steps towards large scale green methanol production in Egypt

In the presence of the Egyptian Prime Minister, C2X today signed a comprehensive Framework Agreement (FWA) with its Egyptian sponsors...
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Maersk Tankers ventures into LR1 segment

Maersk Tankers has launched its first ever pool in the Long-Range 1 (LR1) tanker segment, with Sanmar Shipping becoming its...
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Beyond Scarcity: How the Panama Canal Manages the Fresh Water Challenge

The year 2023 has been particularly dry, according to Panama Canal statistics, primarily due to the effects of the El...
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Baltic index ticks down as panamax losses outweigh capseize gains

The Baltic Exchange’s main sea freight index edged down on Wednesday, as panamax rates hit a three-week low, offsetting a...
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Asia Fuel Oil-VLSFO firms on tighter supply expectations

Asia’s very low sulphur fuel oil (VLSFO) market extended gains on Tuesday amid a tighter supply outlook, with market backwardation...
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Shipbuilder Damen sues Dutch government over Russia sanctions

Dutch shipbuilder Damen Shipyards has sued the Dutch government over damages it says it has suffered due to European sanctions...
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ILWU Dockworkers Union’s Sway at West Coast Ports Is Tested in Bankruptcy

The West Coast dockworkers union’s bankruptcy filing puts a dent in the armor of one of the country’s most powerful...
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Approval in Principle for Methanol Superstorage solution on existing ships

A new and space-efficient retrofit methanol storage solution from SRC Group has received Approval in Principle from Lloyd’s Register, signifying...
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US LNG exports slump in September as plant outages pare output

U.S. exports of liquefied natural gas (LNG) fell modestly in September from August as scattered outages at four gas-processing plants...
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WFW enhances Athens maritime offering with new partner and team hire

Watson Farley & Williams (“WFW”) is pleased to announce that maritime expert and asset finance lawyer Konstantinos (Dinos) Mexias has...
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Venezuela’s September oil exports hit second highest this year

Venezuela’s oil exports in September topped 800,000 barrels per day (bpd), the second-highest monthly average this year, as state-run oil...
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‘Evenly balanced’ risks mean lower commodity prices, but robust volumes

The heat is coming out of global commodity prices and the risks to the outlook are “evenly balanced”. That’s the...
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India’s crude oil imports from Saudi Arabia drop 36% in September

India saw a significant drop in crude oil imports from Saudi Arabia in September, with a notable decline of 36...
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Baltic index hits over 11-month peak on Capesize strength

The Baltic Exchange’s main dry bulk sea freight index .BADI rose to its highest in over 11-month on Tuesday, steered...
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Platts launches East China LNG bunker assessment

Platts, part of S&P Global Commodity Insights, has launched a daily LNG bunker fuel price assessment, reflecting the value of...
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Shipping must become green but also remain safe

Danish Shipping has been working in recent weeks to establish guidelines for the new green fuels at the recent meeting...
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Mitsubishi Shipbuilding Delivers LNG Fuel Gas Supply System (FGSS) for LNG-fueled Car Carriers Built by Shin Kurushima Dockyard Co., Ltd.

Mitsubishi Shipbuilding Co., Ltd., a Mitsubishi Heavy Industries (MHI) Group company based in Yokohama, delivered a Fuel Gas Supply System...
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U.S. petroleum product exports set new record in the first half of 2023

U.S. petroleum product exports totaled nearly 6.0 million barrels per day (b/d) in the first half of 2023, 2% more...
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Shipper MSC to buy 50% stake in Italian passenger rail group Italo

Shipping group MSC has entered into a binding agreement to acquire a 50% stake in Italian passenger rail operator Italo,...
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Panama Canal” Vessels In Queue Lower Than Last Year’s

The Panama Canal’s budget for fiscal year 2024 begins next Sunday, as the authority will continue to manage its operations to...
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