News Flash

Greensea Systems, Inc. Transforms into Greensea IQ: A Unified Vision for Ocean Robotics

Ocean robotics pioneer Greensea Systems Inc., is delighted to announce its transformation into Greensea IQ, marking a strategic move that...
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Oil loadings from Russia’s western ports to rise 17% in Sept/Aug -sources

Russia’s seaborne oil exports and transit from its western ports will rise by some 17% on a daily basis in...
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Russian drone attack in Odesa region hits Danube port infrastructure – Ukraine

Russia launched a 3 1/2-hour drone attack on the southern parts of the Odesa region early on Sunday, hitting a...
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Iron ore rally defies gloomy Chinese economic outlook

Iron ore prices have rallied despite flagging steel demand from the ailing Chinese property sector as Chinese mills maintain output...
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Two more ships pass through Black Sea corridor -Zelenskiy

Ukrainian President Volodymyr Zelenskiy said on Saturday that two more ships had passed through a “temporary” Black Sea shipping corridor...
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Vessel wait times at Panama Canal increased more than 40% in August

The average wait time for non-booked vessels at the Panama Canal jumped by between 44% and 59% last month as...
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The Hong Kong Convention, EU regulation and outstanding legal issues in various states

With the accessions of Bangladesh and Liberia as contract parties, the Hong Kong Convention (“HKC”) will enter into force in...
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Asia Fuel Oil-Refining margins post monthly declines

Asia’s refining margins for fuel oil posted monthly declines in August, data showed on Thursday. September crack for 380-cst high...
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Wärtsilä LNG Fuel Gas Supply Systems continue to be the choice for CMA CGM newbuild vessels

Technology group Wärtsilä will supply the LNG Fuel Gas Supply (FGSS) systems for four new 23k TEU container vessels being...
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India’s Russian oil imports fall to 7-month low, Saudi jumps – trade flows

India’s imports of Russian oil fell in August to a seven-month low as refiners curbed purchases due to planned maintenance...
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IBIA announces Alexander Prokopakis as Executive Director

The International Bunker Industry Association (IBIA) is delighted to announce the appointment of Alexander Prokopakis as its new Executive Director....
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EU purchases of Russian LNG up 40% compared to pre-war levels, new study finds

The European Union vowed to drastically cut imports of gas from Moscow over its invasion of Ukraine but data shows...
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Iron ore jumps to five-week high on improved China data, stimulus

Iron ore futures rallied on Thursday to their highest in five weeks, underpinned by better-than-expected economic data and the latest...
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Market update: WTI crude oil price may extend push higher as retail traders turn bearish

Crude continues its winnng streak Crude oil prices extended higher over the past 24 hours, continuing a near-term winning streak...
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Middle East Crude-Oman, Murban edge lower; ESPO prices rise in China

Middle East crude benchmarks Oman and Murban fell in the last trading session in August as trades winded down, but...
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Decline in bigger vessels drags Baltic index to monthly dip

The Baltic exchange’s main sea freight index tracing rates for ships ferrying dry bulk commodities recorded its first monthly decline...
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Global rice exports could fall 4% due to India’s export restrictions

Global rice exports could fall by at least 4% in 2023 because of India’s restrictions on exports and El Niño’s...
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Deputy PM Novak: Russia does not rule out oil export cuts in October – TASS

Russian Deputy Prime Minister Alexander Novak said on Wednesday that Russia may extend oil export cuts to the month of...
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Korea’s HMM bidders shortlisted to LX Group, Harim, Dongwon

Bidders for HMM Co., South Korea’s top shipping company, have been shortlisted to LX Group, Harim Co., and Dongwon Industries...
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Russia says it will have talks with Turkey about alternatives to the Black Sea deal

Russian Foreign Minister Sergei Lavrov and Turkish counterpart Hakan Fidan will discuss a proposal by Moscow for an alternative to...
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