News Flash

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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Tankers: VLCC Market Could Bounce Higher Next Week

Clean LR2 MEG LR2s seem to have found a base, with rates holding on the TC1 (75Kt MEG/Japan) at the...
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OceanScore pulls crowd with launch of FuelEU Planner amid SMM in countdown to compliance

OceanScore has launched a new planning, simulation and budgeting tool for optimising compliance with FuelEU Maritime from a commercial standpoint....
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Cargo Integrity Group Applauds Recent MSA Circular, Emphasizes Ongoing Commitment to Supply Chain Safety

The Cargo Integrity Group (CIG) commends the recent circular issued by the China Maritime Safety Administration (MSA) following the explosion...
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Wärtsilä secures pivotal role in developing Singapore’s Next-Generation Vessel Traffic Management System

Technology group Wärtsilä has been awarded the prototyping tender for the revolutionary Next Generation Vessel Traffic Management System (NGVTMS) project...
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Asia Fuel Oil-Spot VLSFO premium extends uptrend

Asia's spot premium for very low sulphur fuel oil (VLSFO) continued its rally on Thursday amid a backdrop of tight...
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MABUX: Bunker Prices Expected to Trend Downwards Next Week

Over the Week 36. the MABUX global bunker indices experienced a consistent downward trend. The 380 HSFO index fell by...
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Korean Shipbuilders Account for 2% of August Orders While Chinese Shipbuilders 90%

The Korean shipbuilding industry's order share fell to just 2 percent in August due to selective orders, according to a...
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Libya oil exports still mostly shut, some ships loading from storage

Libyan oil exports remained largely halted on Thursday, shipping data showed, but some tankers were being allowed to load crude...
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Recent Houthi attacks suggest new focus on oil tankers: Yemen-based expert

The Houthi rebels in Yemen appear to be prioritizing attacks on oil tankers in the Red Sea because their attack...
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DNV updates Emissions Connect to help industry mitigate FuelEU Maritime challenges and risks

DNV has unveiled an upgrade to its emissions data verification and data management platform, Emissions Connect, which will enable the...
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