News Flash
Red Sea, Black Sea and Panama Canal: UNCTAD raises alarm on global trade disruptions
The UN’s trade and development body, UNCTAD, has raised profound concerns over escalating disruptions to global trade. It says that...
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Shipping transits through Suez Canal plunge 42% amid Houthi attacks
Weekly shipping transits through the Suez Canal, a vital trade link between Europe and Asia, plunged by 42 per cent...
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Sanctions squeezing Sibur’s supply of tankers for Ust-Luga LPG, sources say
Russia’s largest petrochemical company and exporter of liquefied petroleum gas (LPG) Sibur is reducing LPG exports from the Baltic Sea...
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U.S. monthly dry natural gas production set a new record in December 2023
U.S. dry natural gas production in the Lower 48 states reached an all-time monthly high of 105.5 billion cubic feet...
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Iron ore extends gain as China pledges lift sentiment
Iron ore futures climbed for the second consecutive session on Wednesday, aided by improved risk sentiment amid efforts by authorities...
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Russia’s place as top crude supplier to India under pressure for first time since October 2022
An increase in Iraqi crude volumes this month means that Russian crude may be eclipsed as India’s top source for...
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MISC Group Continues Its Growth Agenda, Supporting Energy Security and Transition Initiatives Responsibly and Sustainably
The MISC Group (The Group) today strengthens its position as a progressive maritime conglomerate with the addition of two more...
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ABB to acquire weather routing business to expand marine software portfolio
ABB to expand offering to vessel weather routing, analytics, reporting and shore-based support through the acquisition of the shipping business...
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Asia Fuel Oil-VLSFO rebounds despite latest Al Zour tender
The cash premium for very low sulphur fuel oil (VLSFO) rebounded in Asia on Wednesday despite a spot tender from...
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Eurozone PMIs show very tentative signs of bottoming out
How you read today’s PMI release for the eurozone reveals whether you’re an optimist or a pessimist. The increase from...
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Red Sea shipping stages fragile uptick as US continues to hit Houthi sites
Tanker and commercial shipping traffic through the Red Sea show signs of a fragile recovery from recent lows, according to...
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As more tankers divert from Suez Canal, there’s a ‘sea change’ in way Europe is buying crude
Energy prices for Europe are expected to increase as more petroleum products and crude tankers are diverting away from the...
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Baltic index rises on higher freight activity, fewer ships
The Baltic Exchange’s dry bulk sea freight index climbed on Wednesday, as rates across ship segments rose amid increased freight...
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Foreign direct investment in developing economies fell 9% in 2023
Foreign direct investment (FDI) flows to developing countries fell by 9% to $841 billion in 2023, according to UNCTAD’s latest...
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Russia’s Ust-Luga port continues crude, fuel exports while Novatek terminal shut
The Baltic Sea port of Ust-Luga was exporting crude oil and fuel on Tuesday apart from at Novatek’s NVTK.MM terminal...
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Iron ore climbs to over one-week high as China pledges to stabilise market
Iron ore futures climbed on Tuesday to their highest level in more than a week, as investor confidence was boosted...
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CMA CGM SCANDOLA, the Group’s first LNG-powered containership to call West African Ports
The CMA CGM Group, a global player in sea, land, air and logistics solutions, announces the upcoming arrival of CMA...
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GTMaritime adds Greek office and sales management experience to meet growing demand for services
Leading provider of secure maritime data communications software, GTMaritime, has responded to growing demand for its products and services by...
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WinGD X-DF advances underpin QatarEnergy phase two success
Swiss marine power company WinGD is expecting to secure the majority of dual-fuel engine orders for LNG carriers being built...
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Marasco Marine Ltd: Cultivating a Legacy of Risk Prevention in Maritime Ventures
In the ever-evolving and challenging seas of the maritime industry, Marasco Marine Ltd distinguishes itself as a dedicated advisor in...
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