News Flash

Baltic index edges lower as rates of some vessel segments fall

The Baltic Exchange’s dry bulk sea freight index fell on Monday, pressured by falling rates across the panamax and supramax...
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The Surprising Resilience of Globalization: An Examination of Claims of Economic Fragmentation

Globalization continues—the widespread predictions of its death were wildly premature. But this is nothing to celebrate. The current round of...
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Asian spot LNG steady on warmer than average temperature forecasts

Asian spot liquefied natural gas (LNG) prices held steady this week as forecasts of warmer-than-average temperatures in both northeast Asia...
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US oil and gas rig count unchanged this week, Baker Hughes says

U.S. energy firms kept the number of oil and natural gas rigs operating unchanged for a second week in a...
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Iraq reduces oil exports to 3.3 mln barrels per day

Iraq’s Oil Ministry said Friday that the country has reduced its oil production and cut its crude exports to 3.3...
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Vancouver Port Employer Could Shut Out Foremen, Bulk Grain Will Not Be Hit

Port of Vancouver foremen will be locked out on Monday unless they scrap a proposed strike, employers at Canada’s biggest...
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Ericsson, China Mobile and Zhangjiagang Port 5G-powered smart port success

Several use case applications have been implemented across the 5G network at different periods since its deployment in August 2022....
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Wallenius Wilhelmsen announces another strong quarter

“We are proud to announce the second strongest quarter on record with adjusted EBITDA of USD 503m,” says Lasse Kristoffersen,...
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China iron ore imports head for record even as steel output slips

China is on track to import record volumes of iron ore in October, increasing the divergence between the demand for...
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Unsure about CII compliance? Here’s how energy saving technologies can help

Energy saving technologies can lower your fuel bill and reduce vessel emissions. But which ones are best for CII compliance?...
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Asia-USWC container rates edge higher on late-season holiday demand

Shipping container rates from east Asia and China to the US West Coast rose this week, reversing a trend that...
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Russia’s Oct pipeline gas exports to Europe up 2.5% y/y, calculations show

Russian energy giant Gazprom’s GAZP.MM average daily natural gas supplies to Europe in October edged up by 2.5% a year...
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Russia’s Jan-Oct LNG exports up 6%, data shows

Russia’s January to October exports of liquefied natural gas (LNG) increased by 6% from a year earlier to 26.4 million...
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Samsung Heavy Industries Secures $390 Mil. Contract for Four Suezmax Tankers

Samsung Heavy Industries Co. announced on Nov. 1 that it has secured a significant contract to supply four Suezmax tankers...
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Charting a new course with CirclesOfLife: circular and zero-emission shipbuilding

As a member of CirclesOfLife, the NGO Shipbreaking Platform is pleased to share the consortium’s latest press release and eager...
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Americas Fuel Availability Outlook

In Houston, bunker fuel availability is tight until next week, as many suppliers are fully booked. Both VLSFO and LSMGO...
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Make clean fuels available: European Shipowners and Transport & Environment call to prioritise energy transition of shipping under Clean Industrial Deal

In a joint statement released today, European Shipowners and European green transport group Transport & Environment (T&E) call upon EU...
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US LNG exports to rise at smallest pace since 2016

U.S. liquefied natural gas exports this year will rise about 2%, analysts estimate, the smallest annual increase since 2016 when...
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Asia Fuel Oil-Upbeat spot activity; markets cautious on Dec fundamentals

Asia’s fuel oil markets continued to see a flurry of spot activity in the trading window on Friday amid higher...
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Maersk sees no Suez Canal return until ‘well into 2025’ due to Red Sea threat

A.P. Moller-Maersk expects strong demand for shipping goods around the world to continue in the coming months, but sees no...
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