News Flash
Russia fuel exports jump in Sept despite OPEC deal, sanctions – IEA report
Russian crude oil and product exports rose in September by as much as 460,000 barrels per day, the International Energy...
Read More
Brazil shipping agents warn clients drought disrupting corn shipping on barges
A severe drought is disrupting barge traffic on the Tapajos river in the Amazon rainforest, shipping agencies told clients this...
Read More
China’s steel production falls in late Sep but markets remain wary of actual levels
China’s daily pig iron and crude steel output for Sept. 21-30 decreased 4.3% and 3.1% from Sept. 11-20 to 2.335...
Read More
Greek port project helps boost career prospects
When Patritsia Zigou first heard the news about the Chinese company’s takeover of the Greek Piraeus Port, she found herself...
Read More
Tankers: Business as Usual?
After the latest events in Israel and Gaza, the tanker market has been largely unaffected. However, as the crisis looks...
Read More
Shipping must improve forecasting and not allow ‘uncertainty to delay action
Large scale changes identified in report include key ports becoming unusable due to climate change, a surge in the percentage...
Read More
Dry Bulk Market: Capesizes Keep Going Strong
CapesizesClosing at $27,591 the Capesize TC average maintained similar levels week-on-week, however large gains were seen on Monday when the...
Read More
BIMCO adopts new CII clause for Voyage Charter Parties
The shipping industry is facing an increase in new regulations from the International Maritime Organization (IMO) and the European Union...
Read More
Special shipping containers provide some hope for container manufacturers
After the surge in output of 2021, the past 18 months have proved particularly challenging for Chinese box builders with...
Read More
Shipping Must Look Beyond the Engine, The Real Challenge is an Industry Transformed, Cautions ABS Chairman and CEO
Shipping must look beyond its current focus on engine technology and address the widespread disruption introduced by the clean energy...
Read More
Maersk signs deal with Starlink for its Ocean fleet
A.P. Moller–Maersks, the global leader of integrated container logistics, is embarking on a collaboration with Starlink, the pioneering satellite internet...
Read More
India’s Sept diesel flows to Europe reach all-time peak, Oct volumes slowing
India’s September-loading diesel exports to Europe hit an unprecedented high as traders cashed in on arbitrage profits to the West,...
Read More
Overseas Shipholding Group Purchases Vessel from BP
Overseas Shipholding Group, Inc. (“OSG”) announced today an agreement with BP Oil Shipping Company, USA, to purchase the tank vessel...
Read More
Asia Fuel Oil-Cash differentials inch up; inventories extend fall
Fuel oil cash differentials were steady to higher in Asia on Thursday, while onshore inventories dipped for a third straight...
Read More
Maxwell Marine Wins Contract to Supply Anchoring System for First USVs
Maxwell Marine, the anchoring solutions specialist, has been contracted to design and supply a technical anchoring system for the first...
Read More
Wan Hai Lines Holds a Joint Naming Ceremony for 13,200teu Newbuilding “WAN HAI A05” & “WAN HAI A06” Accompanied by a Charity Donation
Wan Hai Lines Ltd. held a joint ship naming ceremony for WAN HAI A05 & WAN HAI A06 accompanied by...
Read More
US sanctions two tanker owners for carrying Russian oil above price cap
The United States imposed sanctions on two owners of tankers that carried Russian oil above the G7 price cap of...
Read More
China restricts refined oil product exports despite oil inventory increase of 0.7 mbpd
During the first three quarters of 2023, China has continued expanding its crude inventories by an estimated 0.7 million barrels...
Read More
Baltic index extends declines as rates for larger vessels fall
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the third straight...
Read More
Loss of Tamar gas supplies from Israel to impact Egyptian LNG exports: IEA
The loss of imports of Israeli gas from the shut-in Tamar platform is expected to further impact Egypt’s ability to...
Read More