News Flash

Policymakers see darker days ahead in China as growth sputters

Policymakers expect persistently slower growth in China, perhaps even more sluggish than current consensus estimates, seeing its transition from an...
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Iron ore retreats on China demand worries

Iron ore futures fell on Thursday following gains earlier this week, as weak China trade data overshadowed a jump in...
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Saudi Arabia raises October Arab light crude price to Asia

Saudi Arabia raised its October official selling price (OSP) for its Arab light crude to Asia by 10 cents a...
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Europe Distillates-Diesel cracks gain, stocks post rise

Northwest European diesel barge refining margins rose slightly to $36 a barrel on Thursday, after data showed the first weekly...
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China’s oil imports surge in August as fuel exports, inventories rise

China’s crude oil imports surged in August, customs data showed on Thursday, as refiners built inventories and increased processing to...
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London retains crown as leading global centre for maritime arbitration, handling 85% of global caseload

London handled more than 85% of the world’s maritime arbitration in 2022 according to the findings of a comprehensive new...
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Baltic index hits two-week peak on higher capesize rates

The Baltic Exchange’s main sea freight index rose to a two-week high on Thursday, helped by a jump in capesize...
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Major Maritime Insurers Join Groundbreaking Initiative To Improve Cargo Safety

Safetytech Accelerator is pleased to confirm that major UK maritime insurers, the UK P&I Club and TT Club have signed...
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Asia Fuel Oil-HSFO rebounds; Saudi extends oil cuts to year-end

Asia’s spot market for high sulphur fuel oil (HSFO) firmed on Wednesday, a day after Saudi Arabia and Russia said...
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ClassNK and FUKUI to collaborate toward the installation of safety relief valve for cargo tank of liquefied hydrogen carrier on actual ships

Fukui Seisakusho Co., Ltd. (FUKUI) and ClassNK have signed a Memorandum of Understanding concerning a joint study on a safety...
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LNG prices lower but still high on historical basis -Shell exec

Global liquefied natural gas (LNG) prices have reduced significantly but are still high on a historical basis, resulting in demand...
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India seeks more natural gas amid emergency measures to end blackouts

India is seeking additional volumes of natural gas and has asked utilities to expedite the completion of power plant maintenance,...
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Japan’s Inpex interested in buying US LNG linked to Henry Hub prices, CEO says

Inpex 1605.T, Japan’s top oil and gas producer, is interested in buying liquefied natural gas (LNG) from the United States...
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Maersk Finalizes ECO Delivery Deal with Amazon

A.P. Moller – Maersk (Maersk) and Amazon have finalized a 2023-2024 agreement for the transport of 20,000 FFE containers using...
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Panama Canal water levels at historic lows, restrictions to remain

The Panama Canal’s water levels have not recovered enough as the end of the rainy season approaches and limits on...
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Soybeans rebound as U.S. crop deteriorates in hot, dry weather

Chicago soybean futures rose on Wednesday, recouping the last session’s losses, after a weekly U.S. government report showed that crop...
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Capesize uptick propels Baltic index

The Baltic Exchange’s main sea freight index rose on Wednesday, supported by gains in the capesize segment. The overall index,...
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India remained top buyer of Russian Urals in Aug despite rising prices

India remained the main buyer of Russian Urals oil loaded from the state’s ports in August, despite a record rise...
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Baltic index slips as capesize losses outweigh panamax gains

The Baltic Exchange’s main sea freight index declined on Tuesday as capesize rates hit a near six-month low, offsetting a...
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Asia Fuel Oil-VLSFO softens, HSFO steadies on thin trade

Asia’s very low sulphur fuel oil (VLSFO) market weakened further as front-month backwardation continued to narrow, while high sulphur fuel...
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