News Flash

Chennai Petroleum Cuts Crude Runs By 25% At Southern India Refinery

India’s Chennai Petroleum Corp said on Tuesday it had cut crude processing by a quarter at its 201,000 barrels per...
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Three Partners, 48 Hours, One Mission: Hacking Into Future Potential At Nor-Shipping

Astrup Fearnley, Veracity by DNV and Microsoft Norway joined forces at this year’s Nor-Shipping to demonstrate how digital innovation can...
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Mongolia Exports Over 11 Mln Tons Of Coal In First 7 Months

Mongolia exported 11.1 million tons of coal in the first seven months of this year, data from the Mongolian Customs...
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U.N. Expects ‘Big Uptick’ In Ships Wanting To Export Ukraine Grain

The United Nations expects a “big uptick” in ships wanting to export Ukraine grain through the Black Sea after transit...
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Iron Ore Advances On China Restocking, Speculative Buying

Dalian and Singapore iron ore futures advanced on Thursday, as restocking and speculative buying underpinned spot prices in top steel...
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Dry Bulk: Freight Rate Market Could Be Heading For A Rebound In The Coming Weeks

The dry bulk market could be heading for a revival moving forwards. In its latest weekly report, shipbroker Allied Shipbroking...
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Delivery Of First Aframax Petroleum Tanker And Immediate Commencement Of Pool Employment

United Maritime Corporation, announced today the delivery of the previously-announced Aframax vessel acquisition, renamed M/T Parosea (the “Vessel”). The Vessel...
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India’s Trade Gap With UAE Widens As Oil Imports Rise

India’s trade gap with the United Arab Emirates ballooned fourfold in the May-June period, the first two months since the...
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Indonesia Blocks Exports From 48 Coal Miners As EU’s Russian Coal Ban Begins

On 9 August, the Indonesian Energy and Mineral Resources Minister announced that 71 coal miners failed to meet their domestic...
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Baltic Index Hits 6-Month Low As Rates Across Vessels Slump

The Baltic Exchange’s main sea freight index slipped to a six-month trough on Thursday pressured by losses across vessel segments,...
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Korea Shipbuilding & Offshore Engineering Receives $1.5B Order For Seven LNG Carriers

Korea Shipbuilding & Offshore Engineering (KSOE) received an order worth 1.96 trillion won ($1.5 billion) from an Asian shipper to...
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Greece To Exit EU’s ‘Enhanced Surveillance’ Framework After 12 Years

Greece will exit the European Union’s so-called enhanced surveillance framework on August 20, its finance minister said on Wednesday, a...
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Drydocks World-Dubai Signs Strategic Partnership With Silverstream Technologies To Drive Maritime Decarbonisation In The Middle East

Drydocks World-Dubai has today announced the signing of a strategic agreement with maritime technology company Silverstream Technologies to promote the...
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Bourbon Marine Services Greenmar (BMSG) Implements MarTrust’s E-Wallet Solution To Pay Their Seafarers And Support Seafarer Welfare

MarTrust, the leading global maritime payment solutions company and part of Marcura, today announced that Bourbon Marine Services Greenmar has...
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Mark W. Barker Bulker Operational With Thordon’s Robust Rivertough Bearing

Mark W. Barker, the first new U.S flagged Great Lakes bulker in almost 40 years, has successfully completed sea trials...
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MISC And Consortium Partners Ink Landmark Deal With Gatarenergy For Seven Newbuilding LNG Carriers

MISC Berhad (MISC) through its wholly-owned subsidiary, Portovenere and Lerici (Labuan) Pte Ltd (PLL), together with its consortium partners, namely...
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Low Rhine Water Levels Another Drain On Germany’s Economy

Already bracing for recession and winter energy shortages, German businesses are grappling with the lack of another precious commodity: rain.Weeks...
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Forto And Hapag-Lloyd Partner To Deliver Biofuel Alternative For Customers

Through a new partnership with Hapag-Lloyd, a leading global liner shipping company, Forto has launched a biofuel program for ocean...
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Midsize Crude, Product Tanker Earnings Boom On Trade Shifts: International Seaways

Earnings on voyages made by product and midsize crude tankers reached elevated levels in the second quarter of 2022, and...
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LNG Carrier Prices Nearing All-Time High

Prices of liquefied natural gas (LNG) carriers are skyrocketing. Analysts expect a further rise in LNG carrier prices as a...
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