News Flash

LNG-fueled Tugboat Sakigake Conducts Final LNG Bunkering

On July 25, the LNG-fueled tugboat Sakigake, operated in Tokyo Bay by the NYK Group’s Shin-Nippon Kaiyosha, conducted its last...
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Dutch crews battle major blaze on cargo ship

A fire on a cargo ship resulted in the loss of one crew member’s life and left several others injured,...
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Newbuildings: Tankers and Bulkers the Main Targets

ship owners have kept ordering newbuildings, with bulkers and tankers the main targets. In its latest weekly report, shipbroker Allied...
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Drought-hit Panama Canal restricts daily crossings in water-saving move

The Panama Canal will extend restrictions on ships’ maximum depth, it said on Tuesday, and it has limited average crossings...
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Rain raises Rhine river levels in Germany; north still too shallow

Heavy rain has raised water levels on the Rhine in Germany, but the river is stilltoo shallow in central northern...
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Iranian oil remains stuck off US coast as shippers fear repercussions

A cargo of sanctioned Iranian crude oil that was confiscated by the U.S. has sat off the Texas coast for...
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Rated Chinese Corporates’ Credit Fundamentals Improve; Leverage Stable

Credit fundamentals for most Chinese corporate sectors in Fitch’s rated portfolio have improved after China’s economy re-opened in late-2022, says...
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Baltic index logs best day in nearly 5 months on capesize strength

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, on Wednesday, posted its biggest...
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China’s Support Signal for Private Companies May Influence Credit Profiles

A commitment to support the private sector’s growth, issued jointly by China’s State Council and the Central Committee of the...
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Middle East Crude-Benchmarks climb as traders speed up spot purchases

Middle East crude benchmarks rose on Tuesday as traders accelerated clearing spot cargoes toward the end of the July trading...
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Japan still seen missing target to balance primary budget by March 2026

Japan’s government on Tuesday left its own projections unchanged for achieving a primary budget surplus in the fiscal year ending...
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Smart Maritime Network and ClassNK launch Standardised Data Innovation Challenge for start-ups and entrepreneurs

Smart Maritime Network, a leading platform for digital transformation in the maritime industry, is pleased to announce the launch of...
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Asia Fuel Oil-VLSFO downtrend pauses, while HSFO eases slightly

Asia’s spot fuel oil market has started to stabilise in recent sessions, with very-low sulphur fuel oil (VLSFO) holding steady...
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FuelEU maritime initiative: Council adopts new law to decarbonise the maritime sector

More renewable and low-carbon fuels will reduce the carbon footprint of the maritime sector in the EU following today’s adoption...
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Baltic index drops to lowest in over seven weeks

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, extended declines on Tuesday pressured...
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Iron ore futures rally on China stimulus pledge

Iron ore futures rose on Tuesday, as China’s pledge to provide more support for its flagging economy lifted sentiment, while...
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India’s mineral production up 6.4% in May

Domestic mineral production grew 6.4% year-on year in May, the mines ministry said on Tuesday. “The index of mineral production...
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Russia-Africa summit to discuss Moscow’s grain and fertiliser exports – RIA

Russia and nations taking part in this week’s Russia-Africa summit will discuss Moscow’s grain and fertilisers exports, Oleg Ozerov, ambassador...
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Middle East Crude-Murban rises as gasoil, naphtha refining margins improve.

Middle East crude benchmarks were mixed on Monday, with Dubai declining amid the further narrowed Brent/Dubai spread while Murban rose...
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Voluntary Seafarers’ Charter Is A Step Forward But Must Be Made Mandatory.

Nautilus International, the UK’s largest maritime union, has called the government’s Seafarers’ Charter “a step forward” but continues to urge...
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