News Flash

India’s July oil imports slip on monsoon lull, lower Russian inflows.

India’s crude oil imports fell for the second straight month in July in line with lower consumption due to monsoon...
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Drewry: Container Port Throughput Index Up 2.4% in June

The Drewry Container Port Throughput Indices are a series of calendar adjusted volume growth/decline indices based on monthly throughput data...
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Container lines paid out billions in boom-time profits via dividends

Shipping is extremely cyclical. Booms like the one experienced by container shipping in 2021-2022 are very rare. For many longtime...
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Asia Fuel Oil-HSFO crack holds at 15-month highs

Asia’s high sulphur fuel oil (HSFO) margin held firm at 15-month highs on Tuesday amid supportive fundamentals. The September crack...
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Baltic index extends decline as larger vessel rates fall

The Baltic Exchange’s main sea freight index .BADI fell for a third straight day on Tuesday, weighed down by a...
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China LNG buyers expand trading after adding more US, Qatari contracts

China’s liquefied natural (LNG) gas importers are starting up or expanding trading desks in London and Singapore to better manage...
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Asia Fuel Oil-VLSFO dips on multiple selling interest

Asia’s very low sulphur fuel oil (VLSFO) softened Monday as more competitive offers emerged at the start of the new...
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AirWing™ Wind Propulsion System takes significant step forward by working with Bureau Veritas

Bureau Veritas, a world leader in testing, inspection and certification, is working with GT Green Technologies, a leading-edge developer of...
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Historic drought, hot seas slow Panama Canal shipping

Before the Ever Max shipcarrying lava lamps, sofas, Halloween costumes and artificial Christmas trees could make its inaugural Panama Canal...
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Asia Distillates-Gasoil activity thin, second jet fuel deal emerges in 2 sessions

Asia’s gasoil markets saw thin activity at the start of the week on limited fundamental changes and a persistent buy-sell...
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Avance Gas declared the option of newbuilding contracts for two Medium-Sized LPG/Ammonia Carriers

Avance Gas Holding Ltd. has declared the option of the two mid-sized LPG/ammonia carriers (MGCs) from Nantong CIMC Sinopacific Offshore...
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Mitsubishi Shipbuilding Begins Demonstration Testing to Support the Market Launch of the MAmmoSS Ammonia Handling System for Ships

Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, is currently developing the Mitsubishi Ammonia Supply and...
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Ukraine may use new Black Sea route for grain shipments -producers

Ukraine is considering using its newly-tested wartime Black Sea export corridor for grain shipments after the first successful evacuation of...
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Baltic index down as capesize vessel rates fall

The Baltic Exchange’s main sea freight index fell for a second straight session on Monday, weighed down by a dip...
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Cargill and BAR Technologies’ WindWings sets sail, chartering a new lower-carbon path for the maritime industry

Cargill and BAR Technologies’ groundbreaking WindWings innovation sets sail on open waters, testing new technology that will bring cutting edge...
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EU hits 90% gas storage filling target well ahead of schedule

The EU reached it 90% gas storage target on Aug. 16, some 11 weeks ahead of the EU-mandated Nov. 1...
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Global LNG: Asian spot prices rise to 5-month high on Australian strikes risk

Asian spot liquefied natural gas (LNG) prices rose this week to the highest level in five months, as the risk...
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Asia Fuel Oil-HSFO and VLSFO markets steady on week

Cash differentials in Asia’s fuel oil markets were stable in thin trading this week, with HSFO premiums staying strong due...
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Indian Govt aims to raise capacity of ports four-fold to 10K MTPA by 2047: Sonowal

The government has set itself a target of raising the country’s port capacity to more than 10,000 Metric Ton Per...
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China’s export container shipping price index down in July

China’s export container shipping price index dropped in July, data from the Shanghai Shipping Exchange shows. The average China Containerized...
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