News Flash

Baltic index extends losses, panamax climbs to over 1-year high.

The Baltic Exchange’s main sea freight index declined for the second straight session on Tuesday, dragged by lower capesize rates...
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Asia Fuel Oil-VLSFO, HSFO fall ahead of OPEC+ meeting.

Cargo differentials for both very low sulphur fuel oil (VLSFO) and high sulphur fuel oil (HSFO) dipped on Tuesday, as...
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Bullish IEA, OPEC oil demand forecasts at odds with modest gains in Asia’s imports

The International Energy Agency (IEA) and producer group OPEC are sticking to bullish forecasts for world oil demand growth in...
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NYK Group, Stolt Tankers, and ENEOS Ocean Launch Chemical Ship Pool Business

The NYK Group, Stolt Tankers B.V., and ENEOS Ocean Corporation launched a chemical ship pool business in the Asia-Pacific region...
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India ship regulator to take government advice on sanctioned Russian oil vessel

India’s shipping ministry will follow foreign ministry advice when deciding whether to allow a ship carrying Russian oil that has...
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Asia spot prices steady amid high stocks, muted demand

Asian spot liquefied natural gas (LNG) prices were little changed this week, amid high inventory levels in East Asia which...
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US drillers add oil and gas rigs for the first time in three weeks – Baker Hughes

U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks, as the...
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LNG floating storage starts to offload in Europe as gas storage withdrawals begin

LNG cargoes floating near the shores of Europe have begun to unload in November, as natural gas storages in the...
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Zhoushan’s balance-Nov term ex-wharf LSFO bunker premiums surge, supplies tighten

The term contractual ex-wharf 0.5%S marine fuel cargoes for the balance of November’s supply at the North Asian bunker hub...
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Rhenus modernises its canal push boats with the latest generation of engines

The Rhenus Group has made major changes to re-equip two canal pushboats operated by Deutsche Binnenreederei (DBR) so that they...
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Drewry: World Container Index Down 2% Last Week

Drewry’s World Container Index decreased by 2% to $1,469 per 40ft container this week. Our detailed assessment for Thursday, 16...
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GMS Week 46 – BRIGHTER DAYS AHEAD?

As Diwali holiday celebrations concluded earlier in the week, Alang Recyclers seems to slowly be filtering back to work amidst declining...
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Ukraine’s food exports to Asia and Africa fall due to blocked seaports -association

Ukraine has sharply reduced its exports of farm goods to Asian and African countries so far in 2023 due to...
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Vitol hires ship to load Venezuela crude for China after U.S. lifts sanctions – sources

Vitol, world’s largest independent oil trader, has provisionally chartered a supertanker to load oil from Venezuela for China, according to...
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Dalian iron ore falls as China steps in to tame prices

Dalian iron ore futures fell on Thursday, as Chinese authorities intervened to control soaring prices and weak property data fueled...
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Saudi Arabia’s crude exports rise in September

Saudi Arabia’s crude oil exports in September rose 3% from the previous month to 5.75 million Barrels Per Day (BPD),...
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High water closes parts of the Rhine River in South Germany to shipping

Parts of the river Rhine in Germany have been closed to shipping because of a rise in water levels following...
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Pollution from ships: stricter measures to stop illegal discharges

Ships in EU seas should face dissuasive fines not only for oil spills, but also for sewage and garbage discharge,...
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Asia Fuel Oil-HSFO cash differentials rebound, Singapore stocks fall

Cash differentials for high sulphur fuel oil (HSFO) rebounded on Thursday after inventories at Singapore’s commercial hub declined to a...
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European shipowners call for clean affordable fuels for shipping before Parliament vote on truck’s CO2 standards

The EU recently adopted the ‘Fit for 55’ package that introduces the new ambitious measures for Europe to reduce emissions...
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