News Flash

Asia Fuel Oil-HSFO rally stalls, inventories continue to rise

A recent rally in high sulfur fuel oil (HSFO) showed signs of pausing as of Thursday, while landed inventories at...
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More Tankers, fewer Bulkers Were Bought in the S&P Market During the First Half of 2023

Ship owners gravitated towards more tanker acquisitions, than bulker ones, during the first six months of 2023. In its latest...
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Carrier reliance on leased container fleet to support higher per diems and cash returns.

A downturn in trade and mass disposal of surplus equipment will lead to a 2% contraction in the global container...
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Asia crude imports hit high as China, India gorge on Russian oil

Asia’s crude imports lifted to a record high in July as the top-importing region’s two biggest buyers, China and India,...
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Nakilat achieves QAR 775mln net profit for the first half of 2023

Nakilat, one of the world’s largest Liquefied Natural Gas (LNG) fleet operators achieved a net profit of QAR 775 million...
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Asia Rice: India export curbs push prices in top hubs to new highs

A blistering rally in rice export prices from top Asian hubs showed no signs of letting up this week, as...
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Saudi Arabia extends 1 mln bpd oil cut, may deepen it in future

Saudi Arabia will extend a voluntary oil output cut of one million barrels per day for another month to include...
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Iron ore slump widens as China demand concerns mount

Iron ore futures slumped on Thursday on fresh concerns about China’s steel production curbs and recovery prospects for the struggling...
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Baltic index edges up on firm panamax demand

The Baltic Exchange’s main sea freight index .BADI edged higher on Thursday, buoyed by an uptick in panamax vessel rates....
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Container xChange Update on Impact of Severe Flooding and Typhoon Threat in China

Container xChange is closely monitoring the severe flooding caused by torrential rains and the remnants of Typhoon Doksuri in China....
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Seanergy Maritime Holdings Corp. Expects to Benefit From “The Best Dry Bulk Market Fundamentals of the Past Three Decades”

Seanergy Maritime Holdings Corp., announced yesterday its financial results for the second quarter and six months ended June 30, 2023....
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Asia Fuel Oil-cst cash differential hits 16-month high

Asia’s cash differential for 380-cst high sulphur fuel oil (HSFO) spiked to a 16-month high on Wednesday, as bids continued...
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Iraq exports over 106 mln barrels of crude oil in July

Iraq exported about 106.75 million barrels of crude oil in July, generating 8.29 billion U.S. dollars in revenue, the country’s...
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Russia could be ready for Black Sea grain deal talks, but no evidence yet -US

The United States has been told that Russia is prepared to return to talks on a deal that had allowed...
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Oil exports from Russia’s Baltic ports set to decline 11% for Aug 1-10 – traders

Oil exports from Russia’s Baltic ports, Primorsk and Ust-Luga, were set at 1.6 million tonnes for August 1-10, down from...
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HD Hyundai Cements No. 1 Position in Marine Engine Market

HD Hyundai, which has an unrivaled presence in the world marine engine market, has further strengthened its position with the...
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Phillips 66 joins rival refiners with sharp quarterly profit drop

Phillips 66 (NYSE:PSX) reported a sharp fall in second-quarter profit on Wednesday, the latest U.S. refiner to bear the brunt...
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Baltic index snaps 5-day winning streak as capesize rates slip

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, snapped a five-session winning streak...
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Diana Shipping Inc. Reports Second Quarter Net Income of $10.4 Million

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, yesterday reported...
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Greek July factory activity expands as output, new orders grow -PMI

Greek factory activity expanded in July for the sixth month in a row, as output and new orders grew and...
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