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FUJAIRAH DATA: Oil product stocks rise after 16% annual drop

Stockpiles of oil products at the UAE’s Port of Fujairah climbed 10% in the week ended Jan. 1, led by...
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Baltic index edges down as demand for smaller vessels slips

The Baltic Exchange’s dry bulk sea freight index eased on Wednesday, as falling rates for panamax and supramax vessels overshadowed...
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Maersk’s Red Sea shipping pause highlights challenges for U.S.-led efforts to protect trade.

The threat to global trade in the Red Sea remains high, even with efforts to protect commercial vessels from attacks...
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EU ETS adoption: opaque methodologies leave container markets to navigate murky waters

After a year of positional uncertainty, the container industry is now shedding light on the impact of the EU Emissions...
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Maersk pauses sailings through Red Sea again after new attack

A.P. Moller-Maersk said Dec. 31 it has suspended its vessels transiting the Red Sea for 48 hours after one of...
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Arctic LNG 2’s Investors Get Nervous as American Sanctions Begin to Bite

Novatek's Arctic LNG 2 project is one of the most significant liquefied natural gas export developments in the world, and...
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Shell Fined $1.2M After Worker’s Feet Were Crushed in Gangway Accident

Energy giant Shell and offshore access provider Ampelmann have been fined $1.5 million after the feet of a worker were crushed...
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UK Says it is Prepared for Military Action in Red Sea to Defend Shipping

The UK is reiterating that it is prepared to take direct military action in response to what Defence Secretary Grant...
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Eight Missing After New Bunker Vessel Collides with Chinese Fishing Boat

Chinese authorities are investigating an accident between a new Singapore-registered bunker vessel that had just completed construction in China and...
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Carrier USS Ford Finally Heads Home After Extended Mission in East Med

The first-in-class carrier USS Gerald R. Ford has capped off an eight-month extended deployment in the Mediterranean and is heading home at...
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USCG Says There is “No Immediate Risk” After Cargo Fire on Ship off Alaska

The U.S. Coast Guard is reporting that there is no active fire or immediate risk aboard the cargo ship Genius Star...
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Asian-Based Carriers Jump to the Lead in Schedule Reliability

Schedule reliability took its second major drop of 2023 in November during a year of mostly positive momentum. While still...
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Advancing Sustainable Ship Recycling: The Imperative of Hong Kong Convention (HKC) as the Sole Regulation

Ship recycling, constituting a fundamental pillar of the maritime industry, is pivotal for environmental and safety considerations. The Hong Kong...
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Asia’s thermal coal trade in 2023 to stay strong; world imports to drop in 2024

Thermal coal trade in Asia in 2023 is set to outpace 2022 by 17%, with the biggest driver of this...
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Fraudulent origins suspected for 80% of the EU’s UCO imports – T&E

The European Commission recently published data from International Sustainability and Carbon Certification (ISCC) on the origins of used cooking oil...
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Hapag-Lloyd, Japanese shipping firms continue to re-route from Suez Canal

Hapag-Lloyd HLAG.DE will continue to divert its vessels around the Suez Canal for security reasons, a spokesperson for the German...
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Delay in Brazilian planting to boost US soybean exports in Q1 2024

The US soybean exports in the first quarter of 2024 are expected to get a boost from Brazil’s planting delay...
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Asia Fuel Oil-Margins log climb in 2023; supply pressure weighs in 2024

Fuel oil refining margins logged a yearly increase in Asia, data from LSEG showed on Friday, though supply pressure is...
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China’s first 2024 refined fuel export quotas flat vs year ago

China has issued its first refined fuel export quotas for 2024 totalling 19 million metric tons, a volume unchanged from...
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GAC expands operations in Germany

GAC Germany, a leading provider of shipping and logistics services in Northern Europe, is set to open a new office...
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