News Flash

Surging U.S. crude oil exports disrupt European, Asian prices

Surging U.S. crude exports in 2023 are pushing down oil prices in Europe and Asia, proving a key source of...
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China to lift tariffs on Australian barley as trade ties improve

China’s Ministry of Commerce said on Friday it would drop anti-dumping and anti-subsidy tariffs on Australian barley imports that had...
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MV Janet Marie, the Newest Addition to Pasha Hawai‘i’s Container Ship Fleet, Makes Her Inaugural Arrival at Honolulu Harbor’s Pier 51

Arrival marks the company’s second container ship to operate on natural gas; Pasha Hawaii donates $25,000 to non-profit Kupu in...
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End of ‘easy bunkering’ in sight on shifting oil flows: TFG Marine

The days of picking and choosing from a range of bunker fuels at ports are disappearing as geopolitics cause oil...
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Russian Seaborne Crude Oil Export Volumes Fall 16% M/M And May Fall Further

Russian seaborne crude oil export volumes have remained strong and grew 13% y/y in 2022 despite the invasion of Ukraine....
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Asia Fuel Oil-HSFO rally stalls, inventories continue to rise

A recent rally in high sulfur fuel oil (HSFO) showed signs of pausing as of Thursday, while landed inventories at...
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More Tankers, fewer Bulkers Were Bought in the S&P Market During the First Half of 2023

Ship owners gravitated towards more tanker acquisitions, than bulker ones, during the first six months of 2023. In its latest...
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Carrier reliance on leased container fleet to support higher per diems and cash returns.

A downturn in trade and mass disposal of surplus equipment will lead to a 2% contraction in the global container...
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Asia crude imports hit high as China, India gorge on Russian oil

Asia’s crude imports lifted to a record high in July as the top-importing region’s two biggest buyers, China and India,...
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Nakilat achieves QAR 775mln net profit for the first half of 2023

Nakilat, one of the world’s largest Liquefied Natural Gas (LNG) fleet operators achieved a net profit of QAR 775 million...
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Asia Rice: India export curbs push prices in top hubs to new highs

A blistering rally in rice export prices from top Asian hubs showed no signs of letting up this week, as...
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Saudi Arabia extends 1 mln bpd oil cut, may deepen it in future

Saudi Arabia will extend a voluntary oil output cut of one million barrels per day for another month to include...
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Iron ore slump widens as China demand concerns mount

Iron ore futures slumped on Thursday on fresh concerns about China’s steel production curbs and recovery prospects for the struggling...
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Baltic index edges up on firm panamax demand

The Baltic Exchange’s main sea freight index .BADI edged higher on Thursday, buoyed by an uptick in panamax vessel rates....
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Container xChange Update on Impact of Severe Flooding and Typhoon Threat in China

Container xChange is closely monitoring the severe flooding caused by torrential rains and the remnants of Typhoon Doksuri in China....
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Seanergy Maritime Holdings Corp. Expects to Benefit From “The Best Dry Bulk Market Fundamentals of the Past Three Decades”

Seanergy Maritime Holdings Corp., announced yesterday its financial results for the second quarter and six months ended June 30, 2023....
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Asia Fuel Oil-cst cash differential hits 16-month high

Asia’s cash differential for 380-cst high sulphur fuel oil (HSFO) spiked to a 16-month high on Wednesday, as bids continued...
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Iraq exports over 106 mln barrels of crude oil in July

Iraq exported about 106.75 million barrels of crude oil in July, generating 8.29 billion U.S. dollars in revenue, the country’s...
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Russia could be ready for Black Sea grain deal talks, but no evidence yet -US

The United States has been told that Russia is prepared to return to talks on a deal that had allowed...
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Oil exports from Russia’s Baltic ports set to decline 11% for Aug 1-10 – traders

Oil exports from Russia’s Baltic ports, Primorsk and Ust-Luga, were set at 1.6 million tonnes for August 1-10, down from...
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