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Platts Forties Sulfur de-escalator at 3-year low on firm sour crude, fuel oil

Platts Forties sulfur de-escalator was assessed July 25 at its lowest value since June 2022, as record strength in sour...
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Shipping group CMA CGM braced for weaker profit before demand picks up in 2024

French shipping group CMA CGM expects container freight demand to improve from next year but the group’s profits will continue...
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Tankers: VLCC Rates in the Middle East Softened This Week

Clean The BCTI finished the week at 671, up from 610 the previous week. In the Middle East Gulf freight...
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Pyxis Tankers Inc is expected to post earnings of 23 cents a share

Pyxis Tankers Inc is expected to show a fall in quarterly revenue when it reports results on August 7. The...
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Grafmarine Solar Energy Cells tested on Carisbrooke Vessel

Carisbrooke Shipping Ltd, which operates a fleet of multi-purpose vessels from offices in Cowes on the Isle of Wight, signed...
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Western Canada dock workers union rejects labor contract.

Dock workers in Western Canada have rejected a proposed labor contract that would have ended a dispute that has already...
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S.Korea’s shipbuilders near $9.4 bn in LNG carrier orders from Qatar.

South Korea’s top three shipbuilders — HD Hyundai Heavy Industries Co., Hanwha Ocean Co. and Samsung Heavy Industries — as...
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Russia threatens civilian vessels in Black Sea, Ukraine says.

A senior Ukrainian official accused Russia on Friday of threatening civilian vessels in the Black Sea, and urged the international...
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Saudi unlikely to continue oil production cut – Julius Baer

Saudi Arabia is “unlikely to continue” with its solo oil production cut, after fellow petro-nations did not join the kingdom...
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ECB raises key rate to historic high, keeps options open

The European Central Bank raised its deposit rate to a historic high on Thursday and kept its options open on...
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Australia’s Fortescue Metals sees higher annual iron ore shipments

Fortescue Metals Group on Thursday forecast higher iron ore shipments for fiscal 2024, encouraged by strength across its key operations...
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Patrick Terminals to boost sustainable container handling with ten Kalmar hybrid straddle carriers

Kalmar, part of Cargotec, will supply a total of ten new Kalmar Hybrid Straddle Carriers to Patrick Terminals in Melbourne....
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China loads 750,000 tons of sugar in Brazil, year’s largest import volume

Chinese buyers are currently loading dozens of vessels with around 750,000 metric tons of sugar at Brazilian ports, the first...
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Russia’s FSB: traces of explosives found on second Russia-bound grain ship

Russia’s Federal Security Service (FSB) said on Thursday it had found traces of explosives on board a foreign vessel en...
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WFW advises First Citizens Bank on US$123m Greek shipping loan portfolio acquisition

Watson Farley & Williams (“WFW”) advised First Citizens Bank (“FCB”), on its acquisition of a US$123m portfolio of 11 shipping...
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Asia Fuel Oil-VLSFO cash premium rises for a second straight day

Asia’s cash differential for very-low sulphur fuel oil (VLSFO) extended gains on Thursday after flipping into premiums a day earlier,...
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Emissions insights could cut EU-mandated carbon costs of shipping by 50%

LSEG (London Stock Exchange Group) and Siglar Carbon, a maritime emissions analytics company, have announced an agreement to enable customers...
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Baltic index hits two-week high on firm capesize, panamax demand

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to a two-week high...
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Panama And Peru Strengthen Relations In The Maritime Field

The Panama Maritime Authority (AMP) and the National Maritime Authority of Peru signed an Inter-institutional Agreement that seeks mutual recognition...
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Three Companies to Expand Container Terminal in Kobe – Signs MoU with Kobe-Osaka International Port and ‘K’ Line

Mitsui O.S.K. Lines, Ltd. yesterady announced the signing of a memorandum of understanding (MoU) for the Port Island Phase 2...
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