News Flash

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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Shanghai launches containerized freight index futures, aiming to help firms hedge against fluctuation risks

Shanghai International Energy Exchange (INE) on Thursday said the Containerized Freight Index (Europe Service) Futures Contracts (EC futures contracts) will...
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Globus Maritime Limited Announces Amendment to Term Loan Facility and Signs Agreements to Sell Two Vessels

Globus Maritime Limited announced that it has entered into, amended and restated a term loan facility with First Citizens Bank...
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Suez Canal plans to transport ports to regional centers for fueling ships

Day after day, the economic zone of the Suez Canal acquires a new dimension in achieving the added value of...
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Russia remains China’s top crude supplier in July despite narrower discounts

Russia remained China’s largest crude supplier in July, Chinese government data showed on Sunday, even as Russian shipments fall from...
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China’s July Australian coal imports hit 3-yr peak on healthy margins

China’s imports of Australian coal rose in July even as total coal arrivals declined, with Australia’s high-quality fuel remaining cheaper...
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Baltic index scales near three-month peak on demand for smaller vessels

The Baltic Exchange’s main sea freight index .BADI rose to its highest level in nearly three months on Thursday, propelled...
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ABB : and Samsung Engineering to collaborate on gas analyzers for Saudi Arabia’s energy industries

ABB has signed a framework agreement with Samsung Engineering in Saudi Arabia to collaborate in engineering and procurement activities in...
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Best practices and safety considerations for nickel ore shipments

General The period from April to November marks the traditional typhoon season in the waters of the Philippines and China,...
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Svitzer designing world’s first methanol hybrid fuel cell tug

Svitzer, a leading global towage provider and part of A.P. Moller-Maersk, is today launching the second phase of its project...
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Clarkson : Changes to Chemical & Gasoline blending component trade flows in H2 2023

Amid the ongoing weakness seen across the global petrochemical sector, the comparative recovery of gasoline and transport fuel demand this...
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