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Ship carrying US crude oil diverts to Spain after 10-day pause

A tanker carrying U.S. light sweet crude oil to the United Kingdom paused for 10 days in the Atlantic Ocean,...
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Canada nears deal to end port strike, labour minister says

A bargaining agreement will soon be within reach to end a dispute between striking Canadian dock workers and their employers,...
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METALS-China credit data, lower dollar sustain copper prices

Copper prices were supported by stronger credit data from top consumer China and a lower dollar on Wednesday ahead of...
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Higher rates across vessel segments prop up Baltic dry bulk index

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for a fourth straight...
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Crude oil and natural gas proved reserves held by public companies fell slightly in 2022

International proved crude oil and natural gas reserves held by 187 publicly traded global exploration and production (E&P) companies declined...
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Startup bets on kitesurf for greener shipping

Inspired by kitesurfing, French firms want to deploy the same wind technology to propel everything from yachts to cargo ships...
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Canadian LNG has the potential to meet the growing Asian demand.

Speaking at the LNG2023 conference in Vancouver, Dulles Wang, Director, of Americas Gas & LNG at Wood Mackenzie said that...
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Louis Dreyfus Company chose ZeroNorth for vessel fleet performance optimization.

Technology company ZeroNorth has today announced it has been selected by the leading global merchant and processor of agricultural goods...
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Singapore port authority seeks proposals for fully electric harbor craft.

Singapore’s Maritime and Port Authority (MPA) has issued an expression of interest (EOI) calling for proposals to design and promote...
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Russian gasoline exports jump as Asia, Africa replace Europe

Russia’s gasoline exports rose in January to June despite the introduction of the European Union’s embargo, thanks to healthy supplies...
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Cheniere shunning Panama Canal for longer LNG routes to Asia

Top U.S. LNG exporter Cheniere Energy LNG.A is shunning the Panama Canal to transport liquefied natural gas to Asia because...
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Asia’s benchmark HSFO cash differential surges to highest in over 10 months

The benchmark Singapore 380 CST high sulfur fuel oil cash differential over the grade’s swap values soared to its highest...
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US retail investors add equities, while hedge funds trim exposure

Retail investors bought roughly $7 billion of equities last week, showing a near record appetite for shares since 2016, while...
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Baltic index edges up on panamax, supramax gains

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, edged higher on Tuesday, aided...
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Smart container fleet to expand 6-fold over the next 5 years.

The global telematics-enabled container equipment fleet is forecast to grow 6-fold over the next 5 years and account for 30%...
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What would net-zero shipping look like?

At a UN summit, countries have agreed to curb shipping emissions to net zero “by or around 2050”. At the...
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The 2023 IMO GHG strategy sends an unequivocal signal to investors that ships being ordered today, and many already built, have to be capable of running on zero-emission fuels.

With a combination of further IMO action, national, regional and industry action, a 1.5-aligned GHG reduction pathway is more clearly...
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Belships and V. announce strategic partnership.

Belships ASA and V.Group are pleased to announce a strategic partnership related to Belships’ fleet and ship management business. Belships...
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Why are Russian oil products still being sold in America?

The United States has done a great deal to help Ukraine fend off Russia’s full-scale invasion and terrorist tactics since...
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Euro zone investor mood tumbles more than expected in July

Investor morale in the euro zone sank more than expected in July, hitting a low not seen since Europe’s energy...
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