News Flash

Baltic index slips on weaker vessel demand

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Monday, pressured by...
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Algeria tenders to buy up to 240,000 metric tons corn – traders

Algerian state agency ONAB has issued an international tender to purchase up to 240,000 metric tons of animal feed corn...
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China’s iron ore imports to rise in 2023 for first time in 3 years -analysts

China’s iron ore imports are set to rise in 2023 for the first time in three years, say analysts, due...
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Last ship leaves Ukraine port ahead of Black Sea grain deal deadline

The last ship to travel under a U.N.-brokered deal that allows the safe Black Sea export of Ukrainian grain left...
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Reed Smith: Approved Ammonia-Fueled Containership – Benefits and Risks

Following the news in Offshore Energy that Korea Maritime Consultants has secured approval in principle from the American Bureau of...
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US natgas prices hold near a 3-week low on a rise in output, and low LNG feed gas.

U.S. natural gas futures held near a three-week low on Friday on forecasts for less hot weather in the U.S....
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OPEC+ monitoring committee to meet Aug 3 to review oil output cuts: delegates.

The OPEC+ alliance’s key monitoring committee will convene virtually on Aug. 3 to assess the impact of the group’s deep...
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China wheat output falls 0.9% after rain damage ahead of harvest.

China’s summer wheat output fell 0.9% this year, official data showed on Saturday, the first decline in seven years after...
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Saudi Ports post a 6.79% growth in June container volumes.

The Saudi Ports Authority (Mawani) has recorded a 6.79% year-on-year uptick in container numbers across its trade hubs during the...
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GLOBAL LNG-Asia spot LNG prices slip on muted demand, high EU stocks.

Asian spot liquefied natural gas (LNG) prices fell this week, as muted demand in Northeast Asia and high gas inventories...
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Investments in LNG are ‘ever more necessary’ as imports rise – importer group.

Global LNG imports rose last year as Europe’s scramble to replace Russian pipeline gas pushed its shipments up 60%, making...
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China’s GDI plays an essential role in global economic development, says an expert.

China’s proposed Global Development Initiative (GDI), which reflects all of China’s experiences and best practices, plays an essential role in...
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Weak Global Economy, High Inflation, and Rising Fragmentation Demand Strong G20 Action

When the G20 finance ministers and central bank governors meet in Gandhinagar next week, the world will be looking for...
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Secondhand LNG carrier prices hit a record high; prospects rosy.

Due to stricter environmental restrictions and rising demand from European nations looking to replace their reliance on Russian gas imports,...
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ECB policymakers are open to further rate hikes past July.

According to an account released on Thursday, ECB policymakers acknowledged at their most recent meeting that to get inflation back...
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Eurozone industrial production confirms no strong GDP bounce back for 2Q.

After declining in March, industrial production increased by 0.2% in May, marking the second consecutive month of slight growth. Overall,...
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UN reaches out to Russia with proposals to extend Black Sea grain deal beyond July 17

To extend the Black Sea grain deal past July 17, UN Secretary-General Antonio Guterres contacted Russia earlier this week and...
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Europe’s shipping emissions up to three years high – Transport & Environment

According to research by New Transport & Environment (T&E), last year saw a 3% increase in European shipping emissions as...
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Baltic index up for the fifth day on firm demand across vessels

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, gained for a fifth straight...
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China’s June crude imports soar 45.3% on the previous year.

According to customs data released on Thursday, China's imports of crude oil increased 45.3% year over year in June as...
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