News Flash

Big 3 Korean Shipbuilders See Orders Worth 136 Trillion Won

HD Hyundai Heavy Industries, Samsung Heavy Industries, and Hanwha Ocean, three major Korean shipbuilders, have accumulated orders worth over 130...
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Transportation Recovery Fund joins Tankers International VLCC Pool as demand for diverse fleets continues

Tankers International, the world’s largest shipping pool for VLCCs, has announced today that Transportation Recovery Fund (TRF) operated vessel the...
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ExxonMobil and Evergreen Line have completed the delivery of marine biofuel oil in the port of Singapore

ExxonMobil successfully completed a commercial marine biofuel oil bunkering in the port of Singapore on 1st April 2023. Evergreen Line’s...
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Panama Canal Further Restricts Drafts Due to Falling Water Levels

In an advisory to shipping the Panama Canal Authority (ACP) announced further restrictions for the maximum authorized draft in locks...
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China Retrofits Bulker with First Domestically-Built Wind Rotor Sails

China State Shipbuilding (CSSC) is reporting that it completed the first installation of a domestically designed and built rotor on...
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Benchmarks jump, Dubai supported by strong bids from majors

Middle East crude benchmarks Oman, Dubai and Murban jumped on Tuesday, gaining for a third straight session. Cash Dubai was...
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Asia’s gasoline blenders keen to boost octane as reforming spread hits over 9-month high

The substantial expansion in the Singapore reforming spread, fueled by relatively high gasoline values and a weak naphtha complex, has...
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AD Ports Group signs a 30-year Extendable Concession Agreement to Manage and Operate a Multipurpose Terminal in Congo’s Pointe Noire Port

AD Ports Group, the leading global facilitator of trade, logistics, and industry, today signed a 30-year concession agreement with the...
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DeepSea provides a free entry point for shipping companies to start exploring AI benchmarking tools as it unveils the results of the 2022-23 Shifts Challenge

DeepSea Technologies, the award-winning Al-led maritime technology company, and energy efficiency experts, has announced that it is making a full...
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Spot VLSFO rally pauses as more offers emerge

The recent rally in Asia’s very-low sulfur fuel oil (VLSFO) paused on Tuesday after more spot offers emerged, though premiums...
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China’s May coal imports from Australia recover to pre-ban levels

Australian coal sales to China increased in May, as trade resumed between them even as overall coal demand weakened against...
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MSC building shipping fleet suitable for multi-fuel future

MSC Group is building a fleet capable of running on multiple types of marine fuels in the shipping sector’s low-carbon...
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Baltic index gains on higher capesize rates

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, edged higher on Tuesday, buoyed...
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Search Underway for Commercial Submarine Missing Near Titanic

The U.S. Coast Guard is confirming that a search and rescue mission has been launched for a private tourist submarine...
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UN Adopts Landmark High Seas Conservation Treaty

After two decades of negotiation, the United Nations has finally adopted a marine biodiversity treaty for the high seas, the...
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Gasoil cash premiums extend rally for the ninth session on high demand

Asia’s 10ppm sulfur gasoil spot cash premiums (GO10-SIN-DIF) firmed for a ninth consecutive session on Monday as July buying interest...
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Should gas resource holders target LNG exports or blue ammonia?

As Europe moves away from Russian gas and Asia reduces its dependency on coal, demand and investment in liquefied natural...
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Iron ore dragged down by falling steel prices

Dalian and Singapore iron ore futures fell on Monday after last week’s gains, weighed down by softening steel prices due...
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First tanker loads after restart of Equinor’s Hammerfest LNG plant

A liquefied natural gas (LNG) tanker loaded cargo from Equinor’s EQNR.OL Hammerfest LNG plant in Arctic Norway at the weekend,...
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S.Korea’s shipyards get the OK from shipping companies to delay vessel delivery

South Korean shipbuilders are breathing a sigh of relief despite the postponed delivery of their container ships due to a...
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