News Flash
Red Sea war insurance rises with more ships in firing line
War risk insurance premiums for shipments through the Red Sea are rising after further attacks on merchant vessels by Yemen’s...
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Asian iron ore near-term prices unlikely to rebound on subdued spot demand
Seaborne iron ore prices after declining significantly from their 19-month high level are unlikely to rebound in the near term...
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CMA CGM reroutes more ships to avoid Red Sea attacks
One of the world’s largest container shipping groups CMA CGM on Friday said it would reroute a weekly service between...
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Iron ore drops as China cenbank’s rate move defies expectation
Iron ore futures prices dropped for a second consecutive session on Monday as top consumer China defied market expectations and...
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EU’s eastern members demand import duties on Ukraine grains
The European Union’s eastern states are demanding the EU impose import duties on Ukraine grains, citing unfair competition, Hungary’s agricultural...
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Qatar pauses Red Sea tankers after Western strikes on Houthis
Qatar’s state energy company, one of the world’s biggest liquefied natural gas exporters, has paused sending tankers through the Red...
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Oil consumption and prices revert to trend
Global consumption of petroleum and other liquids hit a record high last year and is forecast to increase further in...
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Chinese shipyards working all-out to make vehicle-carrying vessels
Chinese shipyards are busy producing a special type of vessel – known as a ro-ro – to match the nation’s...
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Sea launches Carbon Exposure solution for pre-fixture decision-making
Sea, the intelligent marketplace for fixing freight, is launching a Carbon Exposure solution that will enable customers to effectively measure...
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Brave Maritime Corp Takes Delivery Of Gas Newbuilds And Acquires Additional Bulkers
Brave maritime corp. has taken delivery of four new state of the art 40,000 cbm AMMONIA carries from Hyundai shipyard...
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Asia Fuel Oil-Cash premiums up slightly; Kuwait offers more HSFO
Cash premiums for fuel oil inched higher in Asia on Monday, while Kuwait’s KPC offered more high sulphur fuel oil...
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Russia’s oil freight costs ease despite sanctions, weather, Red Sea attacks -traders
Russia’s oil shipping costs to Asia from its main Baltic ports eased in early 2024, despite security concerns in the...
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Baltic index slides to 4-month low on seasonal lull
The Baltic Exchange’s dry bulk sea freight index on Monday extended its losing run to a four-month trough as rates...
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Cargo contamination can cost you dearly.
Be aware: Costly liquid cargo contamination can arise when the last cargo onboard is coconut oil, palm oil, or other...
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Plaquemines Port and APM Terminals Unveil Strategic Partnership to Develop a Major Container Terminal
Plaquemines Port Harbor and Terminal District (Plaquemines Port) proudly announces the execution of a letter of intent with APM Terminals...
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MAN Energy Solutions and Karpowership signed a contract for 48 dual-fuel engines
MAN Energy Solutions and Karpowership have signed a contract for the delivery of a total of 48 dual-fuel engines for...
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Daring to question the markets’ rate expectations.
Call us daredevils. The new year started with the global economy’s same old problems: high geopolitical uncertainty, the still-unfolding impact...
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Asia spot prices fall to a 7-month low as stocks remain plentiful
Asian spot Liquefied Natural Gas (LNG) prices slid for an eighth consecutive week to hit their lowest levels in seven...
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Middle East crisis: US and UK can’t allow one of the busiest shipping lanes to become the Wild West
One of the world’s busiest shipping lanes can’t just become the Wild West that’s the rationale for this. Western nations...
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Decision time for oil and gas companies in 2024
The corporate oil and gas sector faces a year of big decisions in 2024. Consolidation will remain in the spotlight...
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