News Flash
Wrist delivers strong financial result and continues its ambitious M&A strategy
The world’s leading marine supplier of provisions and stores, Wrist came out of 2022 with a strong financial result despite...
Read More
Korea’s largest container shipper HMM suffers steep sales losses in Q1
HMM, Korea’s largest container shipper, suffered a steep decline in sales and profits in the first quarter as freight rates...
Read More
VLSFO premium edges up on stronger bids; Western supplies dip
Asia’s spot cash premium for very low sulphur fuel oil (VLSFO) climbed on Tuesday amid firmer bidding and lower arbitrage...
Read More
ENGINE: East of Suez Bunker Fuel Availability Outlook
HSFO and VLSFO availability is tight in Singapore. Recommended lead times for both grades are about 8-12 days. LSMGO is...
Read More
Tanker market demand compels owners to rely on more frequent assessments of cargo pump systems
With experts predicting the tanker market will see strong growth for years, tanker owners are relying on a planned maintenance...
Read More
Port Hedland Iron Ore Exports Down 5% in April
Pilbara Ports Authority (PPA) has delivered a total monthly throughput of 57.7 million tonnes (Mt) for April 2023. This throughput...
Read More
Asian seafarer hubs step up to meet decarbonization challenge
The steady progress by key seafarer home nations in Asia, such as the Philippines and Indonesia, to equip their maritime...
Read More
South Indian ports fail to attract transshipment business from Colombo
The year long economic crisis in Sri Lanka and consequent reduction in business in Colombo port has not helped the...
Read More
Progress made in US west coast dockworker discussions
The International Longshore and Warehouse Union announced 20April that it reached a tentative agreement with employers at the Pacific Maritime Association...
Read More
Chinese state-owned firm to build major Sri Lanka port complex
A Chinese state-owned firm said on Monday 1 May it plans to take its investment in Sri Lanka to $2 billion by building...
Read More
Govt gets 9 EoIs for intl transhipment port in Andamans & Nicobar
The ports ministry has received expressions of interest (EOIs) from nine players for the Rs 41,000 crore international transhipment port...
Read More
India still a bright spot for LNG in a subdued market
The recent drop in the Platts West India marker to a near two-year low, expectations of a ramp-up in operations...
Read More
Metallurgical coal’s gradual change of guard in spot market influence
Shifts in the way a commodity is priced often result from major economic and world events and coking coal is...
Read More
RINA exceeds 660 million in revenue and presents the strategic plan to 2027
The shareholders’ meeting of RINA, the multinational inspection, certification and engineering consultancy, approved the financial statement for the fiscal year...
Read More
Spot premiums stable; latest Al Zour tender underway
Spot cash premiums in Asia’s fuel oil market were stable on Monday amid thin trade, while Kuwait’s Al Zour issued...
Read More
Russia’s April seaborne oil product exports down 5% m/m -sources, Reuters calculations
Russia’s seaborne oil product exports fell in April by 5% month-on-month on a daily basis, data from industry sources and...
Read More
Singapore April bunker sales hit three-month high on better prices
Sales of marine fuel, also known as bunker fuel, hit three-month highs in the world’s biggest refuelling hub Singapore in...
Read More
US Unlikely To Sanction South Africa In Russia Weapons Dispute
South African Finance Minister Enoch Godongwana said his country had resolved a dispute with the U.S. over allegations that Pretoria supplied...
Read More
Korea Commissions LNG Bunker Vessel with Domestic Containment System
South Korea christened its new domestically designed and built liquified natural gas bunker vessel this week. The ship marks a...
Read More
Asian spot LNG prices fall for third straight week to near 2-yr low
Asian spot liquefied natural gas (LNG) prices fell for the third straight week on Friday to the lowest level in...
Read More