News Flash

Retail spot rates from China to North Europe closely mirror the anemic market.

Since peaking in Q1 2022, Europe's economy has been performing poorly, and the continent's outlook has also deteriorated, in part...
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Iron ore rallies for a third day on strong China trade data, credit growth.

Despite a bleak economic outlook and geopolitical concerns, iron ore futures rose for a third straight session on Thursday, supported...
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Port of Los Angeles June cargo volume strongest in a year.

In June, the Port of Los Angeles transported 833,035 Twenty-Foot Equivalent Units (TEUs), which was down 5% from the previous...
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China’s export slide to steepen in June, imports seen down

China’s export slump is expected to have accelerated in June, as sluggish overseas economies struggling with inflation and rising interest...
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Global public debt hits record $92 trillion – UN report

Global public debt surged to a record $92 trillion in 2022 as governments borrowed to counter crises, such as the...
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US natgas output, demand to hit record highs in 2023

U.S. natural gas production and demand will rise to record highs in 2023, the U.S. Energy Information Administration (EIA) said...
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In the Most Turbulent Year of Gas Markets History, LNG demonstrated essential value as a flexible, reliable, available energy resource for a secure energy transition

The International Gas Union (IGU) is releasing its 14th annual World LNG Report, the world’s most comprehensive public source of...
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Iron ore extends gains on China property stimulus hopes

Iron ore futures strengthened for a second straight session on Wednesday, lifted by hopes of more stimulus for China’s property...
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Union of Greek Shipowners: Historic agreement achieved at the IMO MEPC 80

The Union of Greek Shipowners welcomes the 2023 IMO Greenhouse Gas (GHG) Strategy on reduction of GHG emissions from ships....
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Ship carrying US crude oil diverts to Spain after 10-day pause

A tanker carrying U.S. light sweet crude oil to the United Kingdom paused for 10 days in the Atlantic Ocean,...
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Canada nears deal to end port strike, labour minister says

A bargaining agreement will soon be within reach to end a dispute between striking Canadian dock workers and their employers,...
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METALS-China credit data, lower dollar sustain copper prices

Copper prices were supported by stronger credit data from top consumer China and a lower dollar on Wednesday ahead of...
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Higher rates across vessel segments prop up Baltic dry bulk index

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for a fourth straight...
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Crude oil and natural gas proved reserves held by public companies fell slightly in 2022

International proved crude oil and natural gas reserves held by 187 publicly traded global exploration and production (E&P) companies declined...
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Startup bets on kitesurf for greener shipping

Inspired by kitesurfing, French firms want to deploy the same wind technology to propel everything from yachts to cargo ships...
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Canadian LNG has the potential to meet the growing Asian demand.

Speaking at the LNG2023 conference in Vancouver, Dulles Wang, Director, of Americas Gas & LNG at Wood Mackenzie said that...
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Louis Dreyfus Company chose ZeroNorth for vessel fleet performance optimization.

Technology company ZeroNorth has today announced it has been selected by the leading global merchant and processor of agricultural goods...
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Singapore port authority seeks proposals for fully electric harbor craft.

Singapore’s Maritime and Port Authority (MPA) has issued an expression of interest (EOI) calling for proposals to design and promote...
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Russian gasoline exports jump as Asia, Africa replace Europe

Russia’s gasoline exports rose in January to June despite the introduction of the European Union’s embargo, thanks to healthy supplies...
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Cheniere shunning Panama Canal for longer LNG routes to Asia

Top U.S. LNG exporter Cheniere Energy LNG.A is shunning the Panama Canal to transport liquefied natural gas to Asia because...
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