News Flash

Lower vessel fair erodes Shipping Corp’s profit by 17%

The Bangladesh Shipping Corporation, a publicly listed state-owned shipping line, has reported a 17% year-on-year decline in its profit for...
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Asia Fuel Oil-VLSFO dips while HSFO steadies

The very low sulphur fuel oil market (VLSFO) in Asia softened on Tuesday as more arbitrage supplies are expected to...
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Baltic index extends gain on strong capesize rates.

The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, rose for a second...
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Erik Thun puts Dynamic Drive from Berg Propulsion at the heart of fuel efficiency gains.

Erik Thun Group has selected Berg Propulsion’s Dynamic Drive technology to optimize efficiency on board all 10 of its latest...
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Shippers avoiding Red Sea transits after attacks, watching Suez Canal traffic.

Shippers are diverting from transiting through the Middle East and watching for any sign of increased traffic in the Suez...
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ITIC suggests EU ETS will cost the shipping industry billions.

International Transport Intermediaries Club (ITIC) has forecasted that the cost of the European Union’s (EU’s) new Emissions Trading Scheme (ETS)...
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Clarksons: Car Carrier Market At Record Highs

Car Carrier Trade & Transport 2023, the comprehensive annual review and outlook for the car carrier shipping market, has today...
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MISC’s LNG segment outlook to remain positive in 2H24, says RHB Research

MISC Bhd’s liquefied natural gas (LNG) outlook remains positive, and the company believes that clients are willing to offer decent...
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Safety is a Catalyst for Decarbonization Innovation, ABS Chairman and CEO Tells COP28

“Safety is not merely a box to check but a dynamic force shaping the trajectory of our industry. It acts...
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Wärtsilä to extend existing biogas plant to produce 45 tons of bio LNG per day.

Technology group Wärtsilä will supply, install, commission and start-up the biogas upgrading and liquefaction units for a Swedish bioLNG plant....
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Asia Fuel Oil-HSFO cash differential fluctuates in volatile trade.

Asia’s cash differential for 380-cst high sulphur fuel oil (HSFO) has been teetering between discounts and premiums in recent sessions...
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Baltic index snaps 4-day losing streak on firm capesize rates.

The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday as...
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Keppel partners AM Green to explore biogenic carbon-based sustainable fuels opportunities in Asia and the Middle East

Keppel Corporation Limited (Keppel), through its Infrastructure Division, and AM Green, which is wholly owned and controlled by the founders...
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China’s economy has a ‘steep hill to climb’ despite positive export surprise, HSBC says

The Chinese economy still has a “steep hill to climb” despite a surprise pickup in exports and is unlikely to...
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US drillers add oil and gas rigs for fourth week in a row – Baker Hughes

U.S. energy firms this week added oil and natural gas rigs for a fourth week in a row for the...
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US wage growth, once an inflation risk, may now be the prop a soft landing needs

Federal Reserve officials will look at new wage data due out Friday to confirm what many have come to suspect:...
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Asia spot LNG prices fall on continued muted demand

Asian spot liquefied natural gas (LNG) prices slightly fell this week on continued lack of interest for spot supply from...
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Comfortable European gas market

European storage at record levelsThe European gas market couldn’t have entered the 2023/24 heating season in better shape. The heating...
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APM Terminals and DP World launch Zero Emission Port Alliance at COP28

APM Terminals and DP World today announce the formation of the Zero Emission Port Alliance (ZEPA), an industry-wide strategic coalition...
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India turns to coal as hydro generation falls

India produced a record amount of electricity from coal in October to make up for a shortfall in hydro generation...
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