News Flash

Iron ore extends decline as mills’ pre-holiday replenishment slows

Iron ore futures fell on Tuesday for a fourth consecutive session, albeit at a slower pace, as steelmakers in top...
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Korean Shipping Companies Face Soaring Challenges as Q4 Performance Takes a Downturn

In the fourth quarter of last year, the annual performance of South Korea’s largest container shipping company HMM and bulk...
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Green ammonia could decarbonize 60% of global shipping when offered at just 10 regional fuel ports.

A study published today in IOP Publishing’s journal Environmental Research: Infrastructure and Sustainability has found that green ammonia could be...
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Middle East Crude-Benchmarks extend gains as arbitrage window shuts; Saudi Arabia cuts OSPs

Middle East crude benchmarks Oman, Dubai and Murban extended gains on Monday as the arbitrage window for U.S. crude to...
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Last of the good times in LNG as supply wave looms

A wave of new supply of liquefied natural gas is set to hit global markets late this year, making 2024...
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China’s shipbuilding industry surges ahead, with orders scheduled for 2028

China’s shipping industry saw robust growth in 2023, prompting shipowners around the globe to place orders, some of which have...
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Seaspan Launches First of Three LNG Bunkering Vessels to Deliver Low-Carbon Energy Solutions to the Maritime Industry

Seaspan Energy is celebrating the new year with the launch of its first of three 7600m3 LNG bunkering vessels, the...
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Hanwha Ocean Makes Strategic Decision to Cease Winning Container Ship Orders

Hanwha Ocean, the world’s third-largest shipbuilder, has decided to stop receiving container ship orders. According to the shipbuilding industry on...
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Kalmar and Wallenius Wilhelmsen strengthen decades-long collaboration with new order including fully electric forklift trucks and reachstackers

Kalmar, part of Cargotec, has received a large order from leading Norwegian logistics service provider Wallenius Wilhelmsen to supply four...
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Clean tanker market to remain strong into 2024 amid firm jet, petchem deliveries

Strong projected demand for jet fuel in 2024 is set to support clean tanker markets globally, with growing deliveries of...
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River Rhine in Germany reopens to shipping after high water recedes

The river Rhine in Germany has been reopened to shipping after being halted due to a rise in water levels...
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Asia Fuel Oil-VLSFO cash premium slips below three-month lows

Asia’s cash premium for very low sulphur fuel oil (VLSFO) fell below three-month lows on Monday, extending a steady decline...
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Baltic index drops to over 1-month low on weaker vessel rates

The Baltic Exchange’s dry bulk sea freight index slipped to its lowest level in more than a month on Monday...
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Flagship economic report highlights why global cooperation is key

The flagship forecast launched in New York on Thursday indicates that last year’s stronger-than-expected GDP growth coming out of the...
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Global manufacturers struggle to regain momentum

U.S. manufacturers are still struggling to emerge from the prolonged slump that began in the middle of 2022 as the...
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ACM mulls ship broking expansion

Oil tanker broker ACM Shipping Group is looking at growing its ship broking business and may expand into the dry...
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Asia spot LNG prices dip to 5-month low as stocks weigh

Asian spot liquefied natural gas (LNG) prices slipped to a five-month low this week, extending losses that began in mid-November...
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EU ETS prices under pressure but colder weather could boost demand

European carbon prices fell in the week ending Jan. 5 due to soft demand but with colder weather forecast for...
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Red Sea crisis may push shipping costs by 60%, insurance by 20%: GTRI

The increasing Red Sea crisis may impact trade as it is expected to push shipping costs by up to 60...
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J.P. Morgan sees oil demand growth at its slowest in nine months in December

Early data indicates global oil consumption in December grew at the slowest pace in nine months, J.P. Morgan said in...
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