News Flash

Klaveness and Lauritzen demonstrate collaboration as the key to success.

Torvald Klaveness and Lauritzen Bulkers, leading global dry bulk shipping companies, are pleased to announce a collaboration move that sees...
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Kremlin plays down the significance of the second vessel passing via Ukraine’s Black Sea corridor.

The passage of a second ship from Ukraine along a temporary Black Sea corridor has nothing to do with the...
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Second vessel leaves Odesa through temporary Black Sea corridor: Minister

A vessel carrying steel products to Africa has left Ukraine’s Odesa port through a temporary Black Sea corridor, the second...
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Asia Fuel Oil-Cash differentials steady in thin trade

Asia’s high Sulphur fuel oil (HSFO) market held steady after collapsing last week, while very low Sulphur fuel oil (VLSFO)...
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India diesel exports to Singapore set for highs in Aug, drop for Europe -trade

India’s diesel exports to Singapore are set to hit a 19-month high in August and exceed 330,000 metric tons, boosted...
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Asia will continue to dominate global refinery coking capacity additions through 2027, says GlobalData

Asia is set to witness the highest refinery coking capacity additions among all regions during 2023 and 2027, contributing about...
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Prices and higher well productivity drive up U.S. crude oil production forecast

In our August Short-Term Energy Outlook (STEO), we increased our forecast for U.S. crude oil production in the Lower 48...
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Asia Fuel Oil-HSFO crashes as earlier rally fizzles out

Asia’s high sulphur fuel oil (HSFO) weakened sharply on Thursday, a sign that the rally in early August had lost...
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Frontline Sees Spot TCEs for the full third quarter of 2023 to be lower than the TCEs currently contracted

Frontline plc, reported unaudited results for the six months ended June 30, 2023: Highlights Highest second quarter profit since 2008...
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Iron ore retreats after multi-session rally

Iron ore futures fell on Thursday as traders locked in gains following Singapore prices’ longest rally since June and the...
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Waning vessel demand drags Baltic index lower

The Baltic Exchange’s main sea freight index recorded its lowest level in more than eight weeks on Thursday, as demand...
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Kongsberg Digital and Shell Marine deepen their collaboration by adding the LubeMonitor application to the marketplace

Currently used by Shell Marine Lubricants customers, LubeMonitor will become available to shipowners and operators through Kongsberg Digital’s marketplace for...
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California container port volumes diverge amid continued market uncertainty

Key California ports of Los Angeles/Long Beach and Oakland showed divergent trends as weak market fundamentals have led to volatile...
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COSCO SHIPPING announces “For For Tune”, a new digital end-to-end supply-chain solution for shipping cargo from Europe to China

From 26th August, COSCO SHIPPING is starting “For For Tune”, a new digital end-to-end supply chain solution for shipping cargo...
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Iron ore retreats after multi-session rally

Iron ore futures fell on Thursday as traders locked in gains following Singapore prices’ longest rally since June and the...
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Asia Fuel Oil-Cash differential for 380-cst HSFO eases

Asia’s cash differential for 380-cst high sulphur fuel oil (HSFO) showed signs of easing on Wednesday after holding steady since...
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Iraq, Turkey yet to agree on northern oil exports resumption – sources

Iraq’s oil minister and his Turkish counterpart did not reach an agreement to immediately resume Iraq’s northern oil exports but...
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Iron ore extends rally on China demand optimism

Iron ore futures extended gains on Wednesday, with prices in China surging more than 5%, as optimism grew about demand...
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Ukraine says it has exported 3.83 mln T grain so far in 2023/24

Ukraine’s grain exports have reached 3.83 million metric tons so far in the 2023/24 July-June season, Agriculture Ministry data showed...
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Korea’s Shipbuilding Order Backlog Hits 12-year High in H1

Shipbuilding exports are taking the lead in Korea’s exports in the first half of the year. During this span, Korea’s...
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