News Flash

Indian Companies Swapping Dollar For Asian Currencies To Buy Russian Coal

Indian companies are using Asian currencies more often to pay for Russian coal imports, according to customs documents and industry...
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Shipping Container Fees Are Falling Around The World, But Not In The U.S.

Late container charges known as detention and demurrage (D&D) in the United States are the highest in the world, according...
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European Gas Prices Soar As Flows From Nord Stream 1 Pipeline Stay At 20%, Rystad Says

European gas prices have soared as flows from Russia through the Nord Stream 1 pipeline stay low, exacerbating the region’s...
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Russian Oil Production To Fall By A Fifth Since EU Import Ban, IEA Says

Russian oil production is set to drop by 20% next year as the European Union’s import ban on Russian oil-product...
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Iron Ore Dips On Persistent China Demand Worries

Dalian and Singapore iron ore futures fell on Friday, reversing gains in the previous session, as traders weighed demand prospects...
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Uniper Could Swap Australian LNG For Atlantic Gas To Supply Europe Quicker

Germany’s Uniper is prepared to swap liquefied natural gas (LNG) it gets from Australia’s Woodside for U.S. gas, so it...
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ZIM Announces Participation In A Series A Financing Round In Hoopo, A Provider Of Cutting-Edge Tracking Solutions For Unpowered Assets

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) announced today the completion of a Series A financing round in Hoopo Systems...
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Valenciaport Strengthens Relations With The Chinese Region Of Fujian

China is Valenciaport’s main trading partner and represents 15% of the total container traffic handled through the docks of the...
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The Seafarers’ Charity Joins Diversity In Maritime Charter Programme

Maritime UK, the umbrella body for the maritime sector, has welcomed The Seafarers’ Charity as the latest organisation to join...
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Panama Canal Grapples With Climate Change Threat

Global warming and changing weather patterns are affecting the water supply for one of the world’s most important waterways, the...
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Meetings Of The Tripartite Maritime Table Restart With The Participation Of The Government, Seafarers And Shipowners

As part of the commitment carried out by the Panama Maritime Authority (AMP) with the maritime, port and logistics sectors...
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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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