News Flash

Economic growth target within reach, say intl experts

Green shoots indicating a pick up in economic momentum in August have increased the confidence of international financial institutions which...
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Latsco has contracted three 64,000 DWT ultramax bulkers in Oshima Shipbuilding, Japan

After the Group’s first move in dry cargo in 2016 when it acquired four second hand supramaxes, now the company...
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WTI price surge curbs US oil flows to Europe, Asia

A sudden surge in U.S. West Texas Intermediate crude prices that pulled Brent higher has shut off arbitrage routes for...
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MISC & Νissen Κaiun enter into a new partnership agreement

MISC Berhad (MISC) has entered into a new partnership agreement with Japanese ship owner, Nissen Kaiun Co., Ltd. (Nissen Kaiun)...
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KPI OceanConnect and Uni-Tankers collaborate on successful biofuel trial

Uni-Tankers, a leading tanker shipping company, and KPI OceanConnect, a leading global marine energy solutions provider, today announced they have...
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Asia Fuel Oil-HSFO margin slides to five-month lows

Asia’s refining margin for 380-cst high sulphur fuel oil (HSFO) slipped to five-month lows on Tuesday, while cash premiums inched...
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Vopak reaches agreement with Infracapital on the sale of its chemical terminals in Rotterdam

Vopak announces that it has reached an agreement with Infracapital on the sale of its three chemical terminals in Rotterdam...
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Iron ore extends decline on higher domestic supply, demand concerns

Iron ore futures extended declines on Tuesday as mounting domestic supply and persistent demand concerns amid a lingering property slump...
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CMA CGM and Maersk join forces to accelerate the decarbonization of the shipping industry

A.P. Moller – Maersk A/S and CMA CGM have decided to join forces on several areas relating to decarbonization, in...
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Europe’s shipping emissions back to pre-pandemic high

European shipping emissions reached an all time high last year, new Transport & Environment (T&E) analysis shows. With the UN’s...
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Danish Shipping: EU needs to invest in green fuels

Torben Carlsen, CEO of DFDS and chairman of Danish Shipping participates in the European Shipping Summit 2023 to bring Danish...
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Baltic index logs best day in almost two months on capesize demand

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, on Tuesday posted its...
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Republic of the Marshall Islands to Flag Two First-ever 22,000 Cubic Meters Liquid Carbon Dioxide Carrier Newbuilds

The Republic of the Marshall Islands (RMI) will flag the first-ever state-of-the-art 22,000 cubic meters (cbm) liquid carbon dioxide (LCO2)...
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What the Panama Canal Drought Tells Us About the Fragility of Global Trade

The Panama Canal, one of the largest waterways in the world, is the main artery of global trade. Located on...
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The importance of sampling liquid cargoes

Taking proper samples of liquid cargoes is vital to protect shipowners’ interests when allegations of cargo contamination arise. Here is...
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Korea’s STX denies rumor that it is backed by Chinese fund

South Korean general trading company STX Corp. has said its largest shareholder is a local investment firm, while refuting the...
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ENGINE bunker platform launches ENGINE X to tackle increased bunker complexity

Five years after launching one of the industry’s leading bunker information and news platforms, ENGINE, which counts a number of...
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Greek PM pledges state reforms, disaster relief within fiscal limits

Greece will push ahead with state reforms to boost economic growth and offer relief measures to those hit by natural...
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Port of Los Angeles says cargo lost during West Coast talks is returning

Cargo volume at the Port of Los Angeles jumped from July to August after business lost during the now-finished West...
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Asian refiners to embrace Middle Eastern sour crude regardless of price swings

Asian and Persian Gulf refineries will continue to depend heavily on Middle Eastern crude grades as their staple diet, regardless...
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