News Flash

OceanPal Inc. Becomes Strategic Partner In Two 6,600dwt Methanol-Ready Chemical Tanker Newbuildings

OceanPal Inc., a global shipping company specializing in the ownership of vessels, announced that the Company today agreed to become...
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Oil loadings from Russia’s Baltic ports for Sept. 1-10 set to rise 38% from Aug. 1-10

Russian Urals oil and Kazakhstan’s KEBCO loadings from Russia’s Baltic ports of Primorsk and Ust-Luga will jump to 2.2 million...
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Panama Is Open for Business: Minister of Foreign Affairs Tewaney Calls Out Social Media Misinformation Regarding Panama Canal Operations

Today the Government of Panama reenforced that Panama remains open for business despite misinformation spread on social media this past...
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Asia Fuel Oil-cst drops as lower offer emerges

Asia’s 180-cst high sulfur fuel oil (HSFO) market retreated on Wednesday as a lower offer emerged. The cash differential for...
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Ships drop anchor around Gabon as country shuts down after coup

At least 30 commercial ships dropped anchor on Wednesday around Gabon’s waters after military officers said they had seized power...
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Romanian, and French wheat offered the lowest in Egyptian tender –traders

The lowest free-on-board (FOB) offer presented at an Egyptian state purchasing tender for wheat on Wednesday was $259.42 per metric...
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Oman LNG signs supply agreements with Shell, OQ Trading

Oman LNG has signed agreements with Shell International Trading Middle East and Oman’s OQ trading to produce and distribute more...
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Baltic index slips as Capesize dip outweighs smaller vessel gains

The Baltic Exchange’s main sea freight index declined on Wednesday, as lower rates for capesizes outweighed gains in smaller vessel...
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The High Cost of Global Economic Fragmentation

In a shock-prone world, economies must be more resilient—individually and collectively. Cooperation is critical, but greater protectionism could lead to...
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Middle East Crude-Oman, Murban fall; US crude attracts Asian buyers

Middle East crude benchmarks Oman and Murban fell on Tuesday as traders concluded trades for this month and waited for...
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The Marcura Group acquires ShipServ

The Marcura Group today announced that it has signed a definitive agreement to acquire ShipServ, a leading maritime online procurement...
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Yemen oil tanker: ‘Pivotal chapter’ concludes but important work remains

The meticulous effort onboard the rusting FSO Safer spanned months of preparation and nearly 13 weeks of execution by the...
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Dalian iron ore falls on thin steel margins, lukewarm downstream demand

Dalian iron ore futures extended declines on Tuesday, as traders remained cautious onshrinking steel margins and lack of any clear...
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Korean shipbuilding stocks rebound on expectations for improved earnings

South Korean shipbuilding stocks managed to rebound Monday after weeks of decline as investors perceive prices are too low considering...
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Asia Fuel Oil-VLSFO slips after Kuwait’s Al Zour issues fresh tender

Asia’s very low sulphur fuel oil (VLSFO) market softened on Tuesday after Kuwait’s Al Zour refinery issued a fuel oil...
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ThPA S.A. expands its intermodal service to Skopje

ThPA S.A. is launching a new container block-train service between Thessaloniki and the capital of the Republic of North Macedonia,...
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OCI Global completes first European green methanol bunkering in Port of Rotterdam, the Netherlands

OCI Global has successfully bunkered the world’s first ever green methanol-powered container vessel, which is owned by Maersk, in The...
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Higher rates across vessel segments prop up Baltic index

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, snapped a six-session long streak...
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Asia LNG loses some strike froth, but fundamentals are supportive

Spot prices of liquefied natural gas (LNG) retreated in Asia as the threat of imminent strike action at three Australian...
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Palm ends lower on weaker Malaysian exports, Dalian gains cap losses

Malaysian palm oil futures finished more than 1% lower on Monday following reports of lackluster exports this month, although gains...
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