News Flash

VLSFO steady; market awaits fresh tenders from Kuwait’s Al Zour

Asia’s very-low sulphur fuel oil (VLSFO) benchmarks held stable on Friday, with activity largely quiet as the market awaited new...
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Panama concludes update of the General Merchant Marine Law

The Panama Maritime Authority (AMP) and Panama’s main maritime associations concluded the meetings for the revision of the General Merchant...
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Box rates not sustainable amid inflation pressure: Hapag-Lloyd

Container shipping rates have weakened to a level “not sustainable” for box carriers in the long run, with their operating...
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Global Ship Lease: Normalization of Rates and Asset Prices Continued During First Quarter of 2023

Global Ship Lease, Inc., an owner of containerships, announced today its unaudited results for the three months ended March 31,...
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Hapag-Lloyd Q1 2023: good resilience in weaker market environment

Hapag-Lloyd has concluded the first quarter of 2023 with an EBITDA of USD 2.4 billion (EUR 2.2 billion). EBIT decreased...
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Seanergy Maritime Successfully Completes $54 million Refinancing Transactions for 3 Capesize Vessels with Significant Cost and Liquidity Benefits for the Company

Seanergy Maritime Holdings Corp. announced today that, pursuant to its strategy of pursuing attractive refinancing opportunities, it entered into two...
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TORM: Freight Rates During First Quarter Were Three Times Higher Year-on-Year

“During the first quarter of 2023, we saw a sustained strong product tanker market with high volatility, primarily driven by...
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Talks on extending Ukraine grain deal look at U.N. proposals

Ukraine, Russia, Turkey and the United Nations discussed on Thursday U.N. proposals to extend a deal allowing the safe Black...
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Euronav: Tanker Market To Grow for Many Years to Come

Euronav NV reported its non-audited financial results today for the first quarter ended 31 March 2023. Hugo De Stoop, CEO...
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Cash premiums, margins steady; Singapore inventories ease further

Asia’s fuel oil market was little changed on Thursday, while residual fuel oil stocks at Singapore slid for a fifth...
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MABUX: Bunker Prices Expected to Stabilize Next Week

Over Week 19, the global MABUX bunker indices showed a moderate upward correction. The 380 HSFO index increased by 2.78...
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Jotun: Committed to cleaner shipping

As the world’s leading supplier of marine coatings, Jotun partners with a broad range of stakeholders working to decarbonise shipping....
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Safe Bulkers, Inc. Focusing on Green Retrofits of its Fleet of Bulkers

Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three...
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Vopak opens new infrastructure to support sustainable energy production in the port of Rotterdam

Today Vopak celebrates the opening of 16 new tanks with a combined capacity of 64,000 cubic meters at its Vlaardingen...
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Port of Newcastle commits to global hydrogen partnership

Port of Newcastle has today joined forces with ten global energy enablers to commit to the Platform Zero Global Partnership...
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Iron ore holds ground on renewed China demand optimism

Benchmark iron ore futures held their ground on Wednesday, supported by renewed optimism around demand prospects in top steel producer...
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ABS Explores Near-Shore Green Hydrogen Production in Korea

ABS joined Korean industry leaders in the signing of a memorandum of understanding (MOU) to produce a feasibility study for...
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India eyes green hydrogen bunkering at major ports by 2035

India has set a deadline of 2035 to establish green hydrogen bunkering and refuelling facilities at major ports in the...
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Korean Shipbuilders’ Fully Booked Dockyards Give Chinese Shipbuilders Reflective Benefits

New ship orders are plummeting around the world. Korean shipbuilders with their saturated shipyard docks have been unable to keep...
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Engine: Europe & Africa Bunker Fuel Availability Outlook

Northwest Europe Securing prompt deliveries of VLSFO and HSFO can be difficult in Rotterdam and in the wider ARA hub,...
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