News Flash

Viterra exits Russian grain trade; team to create new Russian exporter

Global grain trader Viterra’s management team in Russia plans to create an independent Russian grain exporter once the company ceases...
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Refining margin for VLSFO drops over 10% in March

Asia’s refining margin for 0.5% very low sulphur fuel oil fell by more than 10% in March compared to the...
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Container Values Stabilize, Tanker Tonne Mile Demand Expectations Remain Strong

The Q1 2023 Forecast is a collaboration between VesselsValue and ViaMar that focusses on predictions for the Bulker, Tanker, Container...
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Baltic index marks worst week in 6 on lower capesize, supramax demand

The Baltic exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, posted its biggest fall in...
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Kawasaki Receives an Order for an 86,700 m-3 LPG-fueled LPG/ NH3 Carrier

Kawasaki Heavy Industries, Ltd. announced today that it has concluded a shipbuilding contract for an 86,700 m3 liquefied petroleum gas...
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CHINA DATA: Crude throughput to dip in March, April amid maintenance

China’s crude throughput in April is set to fall further from March as both state-owned and small-sized independent refineries enter...
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Iron ore extends recent climb, margin pressure caps gains

Dalian iron ore futures were set for a fourth straight session of gains on Thursday, supported by the prospect of...
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Japan’s dry bulk imports fall 4% amid weak steel demand

Having narrowly avoided a recession in the fourth quarter of 2022, the Japanese economy appears to be recovering. However, Japan’s...
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NORDEN enters Capesize segment

In line with our 2023-2025 strategy to capitalise on the most attractive opportunities in the market, we have acquired four...
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Latest IAPH World Ports Tracker: Supply Chain Crunch Over, And Port Investments Proceed In Infrastructure, Energy Transition And Sustainability

The International Association of Ports and Harbors (IAPH) has just published its latest World Ports Tracker Report exclusively for its...
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Spot market steady; more April tenders underway

Asia’s spot fuel oil market was little changed on Thursday, while more tenders for April were in progress, trade sources...
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Thermal coal imports pick up in most Asian buyers as prices moderate

Cheaper prices and rising energy demand are boosting seaborne imports of thermal coal among most, but not all, of Asia’s...
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French Strikes Snarl Ports, Leaving Millions of Barrels of Oil Stranded on Tankers

Strikes in France have brought the country’s oil refineries close to a halt, driving a backlog of tankers stuck in...
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Baltic index inches lower on weak supramax demand

The Baltic Exchange’s dry bulk sea freight index dipped on Thursday as declines in the supramax vessel rates outweighed gains...
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Contagion risks loom over Adani Transmission and Adani Ports

Ratings agency Fitch has said that two Adani Group subsidiaries are exposed to heightened contagion risks as a result of...
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Online exams to continue following successful pilot project

A pilot scheme to allow candidates for the Officer of the Watch (OOW) deck unlimited qualification to split the exam...
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Ship seized by pirates seen 540 miles west from Gulf of Guinea attack point

A Danish-owned vessel that was boarded by pirates in the Gulf of Guinea on Saturday was spotted about 540 miles...
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New destinations for Russian products to boost product tanker shipping demand

The ongoing shift in refined products trade patterns is likely to strengthen the demand for products in 2023, maintaining attractive...
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Wartsila sees role for ethanol in fragmented bunker fuel landscape

Wartsila is seeing a potential role for ethanol in the shipping industry’s multi-fuel future, with shipowners struggling to find suitable...
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Trans-Atlantic container rates still double pre-COVID levels

Container shipping rates are not back to normal quite yet. Trans-Pacific rates have returned to pre-COVID levels, but pricing in...
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