News Flash

Baltic index retreats as capesize rates dip

The Baltic Exchange's main sea freight index retreated on Tuesday after hitting its highest in nearly two months in the...
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Greece to spend an additional 3.5 bln euros next year on wages, pensions

Greece will spend an additional 3.5 billion euros ($3.9 billion) next year on pension and wage hikes and on defence,...
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Oil demand worries and natural gas supply risks

Demand fears weigh on oil Oil prices saw a fair amount of volatility in August In fact, implied volatility in...
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Iron ore snaps six-day losing streak on hopes of China stimulus

Iron ore futures prices rose on Monday after six days of losses, as hopes of fresh stimulus from top consumer...
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Morgan Stanley cuts Brent crude price view as market signals demand softness

Morgan Stanley on Monday cut its Brent crude oil forecasts for coming quarters and said the global oil market is...
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Sanctioned tanker with Arctic LNG 2 cargo moving east along Northern Sea Route, data shows

A liquefied natural gas tanker sanctioned by the US has been moving east from the Arctic LNG 2 plant along...
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US LNG export dominance tested as Europe’s demand wilts

The United States has remained the largest exporter of liquefied natural gas (LNG) so far in 2024. but a steep...
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Asia Fuel Oil-VLSFO holds strength for Sept dates, softens for October

Asia's very low sulphur fuel oil (VLSFO) market retained strength for September loading dates on Monday, although it traded lower...
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Rising Asian thermal coal imports driven by Japan, S.Korea

Asia's imports of seaborne thermal coal ticked up in August to the highest in eight months, but the strength was...
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Experts in alternative fuels Stream Marine Technical selected to consult and advise on ammonia awareness training

Ammonia is fast becoming a potential alternative fuel for the future of green shipping but new fuels consultancy Stream Marine...
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Baltic index hits near two-month peak on higher capesize rates

The Baltic Exchange's main sea freight index extended gains on Monday to touch its highest in close to two months,...
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Asia spot LNG prices down on muted demand, cooler weather

Asian spot liquefied natural gas (LNG) prices fell this week on signals of weak economic growth in China while above-average...
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US LNG exports to Latin America and the Caribbean increase slightly in August

US LNG exports to Latin America and the Caribbean in August rose by only 7% from the previous month, S&P...
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Venezuela’s oil exports climb to four-year high in August

Venezuela's August oil exports hit their highest in more than four years, according to shipping data, fueled by expanded shipments...
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India’s largest deep-water port: How will Maharashtra’s Vadhvan Port revolutionise trade?

Prime Minister Narendra Modi laid the foundation stone for India's largest deep-water port, Vadhvan Port, in Maharashtra's Palghar on August...
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International Windship Association releases Small Vessel Wind Propulsion publication

Although the small windship trade that has been operating for thousands of years has never stopped, the number of small...
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A Captain’s view: running our new methanol- capable vessels

After nearly four decades at sea, what made you want to be part of the crew sailing the new vessels?...
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FuelEU Explainer: Is the industry ready for 2025?

The big picture In this final FuelEU newsletter, we look ahead at the expected impact of the regulation on the...
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Sovcomflot keeps non-G7 tankers’ share in Russia crude exports above 80%

Russian state carrier Sovcomflot made a strong return to its home turf to transport crude in August, keeping the share...
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Union, USWC ports at impasse as strike deadline looms; container rates keep falling

A strike by union dock workers at East Coast and US Gulf ports seems more likely after International Longshoremen's Association...
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