News Flash
China’s top copper buyers expect a 36% cut in Codelco premium.
China’s largest copper buyers expect to pay a premium of around $90 per metric ton next year for Codelco’s metal,...
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Iron ore pullback deepens as traders assess China demand.
Iron ore futures dipped to six-week lows on Tuesday, dragged lower by concerns about looming steel production cuts in China...
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Saudi Aramco to supply full oil volumes to N. Asia refiners in November.
Saudi Aramco has notified at least four North Asian buyers that it will supply full contractual volumes of crude oil...
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Maersk says port operations in Israel working normally.
Maersk said on Tuesday that port operations at Israel’s major terminals are running as normal despite a violent conflict with...
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Asia Fuel Oil-VLSFO cash premium dips as backwardation softens
The cash premium for very-low sulphur fuel oil (VLSFO) eased slightly on Tuesday, while market backwardation continued to soften. The...
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U.S. crude oil exports reached a record high in first half of 2023
U.S. crude oil exports in the first half of 2023 averaged 3.99 million barrels per day (b/d), which is a...
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Container values and earnings fall to the lowest levels since early 2021
Container Values have fallen across all sub sectors and age categories based on weakened market sentiment which has had an...
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Baltic index snaps 3-day winning streak as capesize rates dip.
The Baltic Exchange’s main sea freight index fell on Tuesday, snapping a three-session-long winning streak, pressured by lower rates in...
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Cargo shipping to lose EU antitrust exemption from 2024.
Cargo shipping companies from next year will no longer enjoy a decades-long exemption from EU rules against anti-competitive agreements because...
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Global LNG: Asia spot prices retreats from 7-month high on tepid demand
Asian spot liquefied natural gas (LNG) prices retreated from a seven-month high as demand remained muted due to warmer weather...
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Indian steel firms plan price rises as coking coal costs surge
Indian steel companies plan to raise prices of various grades of the alloy due to rising import costs of coking...
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APM Terminals eyes half-way point in renewable electricity goal
The news that APM Terminals has reached 40% in its ambition to run all global terminals on renewable electricity earned...
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China’s 4th batch of 2023 crude oil import quota at 9.54 mln tons – sources
China has issued a fourth batch of 2023 crude oil import quotas, raising the volume for the year to 203.64...
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Port of València moderates the downward trend of export freight rates
Export freights from the Port of València contain their fall, registering a decrease of 2.08%, the most moderate in the...
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MerlinGroup takes another step in making their fleet environmentally friendly by retrofitting dry cargo vessel Sayonara with Stage V engines
Arkel-based inland shipping company MerlinGroup is starting a conversion project for the Sayonara. The vessel, one of nine in its...
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Shipowners move bunkering operations offshore to avoid congestion at Panama Canal – Monjasa
The restriction has caused a ripple effect on the canal’s bunkering logistics, global bunker supplier Monjasa says. The Panama Canal,...
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Seaspan and AES sign MoU to collaborate on LNG Bunkering Business Development
In the framework of the 3rd International LNG Global Forum, held in Cartagena, Colombia, Seaspan has signed a Memorandum of...
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Asian wheat millers seen boosting imports on higher price expectations
Asian flour millers are likely to step up purchases as global wheat supplies are forecast to tighten in the months...
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Korea Shipbuilders Lose Orders to China in September Following August
Korea’s shipbuilding industry lost ground to its rival, the Chinese shipbuilding industry, in September. According to Clarkson Research, a U.K.-based...
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China is swing factor in diesel’s global squeeze
Vladimir Putin is flexing his diesel muscles, but Xi Jinping’s look bigger. The Russian president’s recent decision to ban diesel...
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