News Flash

Iron Ore Creeps Higher As China Steel Margins Recover

Dalian and Singapore iron ore futures rose in a volatile session on Tuesday, as traders focused on improving steel margins...
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AD Ports Group And Hutchison Ports Ink MoU To Form Strategic Partnership

AD Ports Group, the leading facilitator of trade, logistics, and industry in Abu Dhabi, today announced that it has signed...
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PetroChina Yunnan To Receive First Crude Cargo Loaded From China; Huang Wei Pipeline Reverses Flow

PetroChina’s Yunnan Petrochemical is set to receive an 850,000-barrel cargo of Iraq’s Basrah Light crude in early August via the...
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AET Unveils Another DPST, Eagle Crato, For Long-Term Charter To Petrobras

AET, a leading owner and operator of maritime transportation assets and specialised services, named its newest vessel today, the final...
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NYK Participates In Marine Biofuel Data Collection And Analysis Project Aiming To Establish Transparency In Biofuel Supply Chain

NYK and Astomos Energy Corporation have participated in a marine biofuel demonstration project launched by the Global Center for Maritime...
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Shipping Arrangements Into Ukraine Still Not Ready, Lloyd’s Official Says

Key arrangements including procedures for ships still need to be worked out before empty vessels can come in and pick...
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Chinese Shipyard New Building Orders Drop 41% In H1

China’s shipbuilding output and newly received order volume both declined in the first half of 2022, but the country still...
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Lower Price, Currency Flexibility Drive More Russian Thermal Coal To India

With India leveraging discounted Russian coal and banks adapting to facilitate trade in currencies other than the US dollar, data...
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Iron Ore Edges Up On China Infrastructure, Property Support Hopes

Iron ore prices edged higher on Monday, extending last week’s solid gains and spurred by hopes of increased infrastructure spending...
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“K” LINE Group Signed Multiple Consecutive Voyage Contracts With JSW Steel Ltd.

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) and “K” Line (India) Shipping Private Ltd., (KLISP) affiliated company of “K” LINE, have...
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Reygar And Cedar Marine Collaborate To Deliver Carbon Reduction For Fleet Operators

Maritime remote monitoring business, Reygar, and carbon reduction and sustainability specialist, Cedar Marine, have partnered to provide an integrated service...
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Ukraine Sends Out First Ship Since Invasion From Odessa Port Under Deal: Minister

Ukraine has sent out a ship from the Odessa port Aug. 1 — the first in five months since the...
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Seafarer Satisfaction On The Rise, Shows Latest Seafarers Happiness Index

The latest Seafarers Happiness Index report, published today by The Mission to Seafarers, reveals that seafarer happiness levels are recovering,...
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Inventories, Uneven Demand, High Prices May Cap China’s H2 Crude Oil Imports

China’s crude oil imports in H2 will feel the pressure from bulging domestic inventories, an uncertain demand recovery and global...
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Ocean Spot Rates Whipsaw On Key Trade Routes As Consumer Demand Slows Into Peak Shipping Season

A decline that shippers were seeing in ocean spot rates and in premium surcharges across many trade routes as demand...
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Wah Kwong, QIYAO And Bureau Veritas Launch Feasibility Study On Carbon Capture And Storage On Ships

Bureau Veritas (BV), a world leader in testing, inspection and certification, Wah Kwong, one of Hong Kong’s largest shipowners, and...
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A Full Stop To Russian Gas Could Plunge Europe Into A Full-Blown Recession

Europe has already cut down on gasOverall gas demand in Europe has come down substantially this year. During the first...
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China Lifts Exports As West Runs Short Of Lead And Zinc

China’s historical lead and zinc trading patterns were upended in the first half of this year as imports collapsed and...
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PetroChina Explores South Asia Market, Supplies First Gasoil Cargo To Pakistan

PetroChina International delivered its first gasoil cargo to Pakistan recently, signaling the company’s breakthrough in the South Asia product market,...
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Nippon Paint Marine Introduces New Pspc-Compliant Universal Primer For Newbuilds

Global coatings pioneer Nippon Paint Marine has added a new anti-corrosive universal primer to its E-Marine range of paints. E-Marine...
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