News Flash

Front-month Brent/Dubai Exchange of Futures for Swaps widened mid-morning June 28, amid tepid spot activity as market participants shift their...

Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, hit a more than 11-year peak...

Iron ore futures in Asia rose on Monday, supported by a steady decline in portside stockpiles of the steelmaking ingredient...

The containerized shipping industry has been essential to global commerce for its low shipping costs. However, high freight rates are...

VLCC In the Middle East, the market for 280,000mt to US Gulf (routing via the Cape/Cape) continues to be assessed...

DP World and the Government of Somaliland, have inaugurated the new container terminal at Berbera Port, following completion of the...

Germany-based company Hapag-Lloyd and Japan’s Ocean Network Express (ONE) have completed the integration with TradeLens, a blockchain-enabled digital shipping platform. As...

Heddle Shipyards, a Canada-based operator of shipyards and drydocks, is the newest participant in Green Marine – the largest voluntary...

The technology group Wärtsilä has signed a Memorandum of Understanding (MOU) with Global Energy Ventures (GEV) of Australia to cooperate...

After a year of seafarer mistreatment by governments and ineffective lobbying on their behalf by the shipping industry, stronger action...

In their latest project update, the officials introduced plans to extend working hours on the beach during December in order...

CNOOC Limited has started production from China’s first offshore large-sized independent deepwater gas field, Lingshui 17-2 gas field. The Lingshui...

Afurther reduction of the overall loans towards Greek shipping companies is the main conclusion from the latest annual review of...

The acquisition, which follows growth investment in Pole Star in April 2021, will provide a new single-point, end-to-end screening solution for...

On the equity front, shipping is back in favour with investors big time. “The environment is such that investors are...

Prompt HSFO stems are tight in Russia, the Canary Islands and South Africa, while ample VLSFO supplies in the Mediterranean...

South Korea’s state-run nuclear energy research institute and the country’s major shipbuilder have agreed to join forces to develop a...

A representative for the owners and insurers of a giant cargo ship that blocked the Suez Canal in March on...

India’s May crude oil imports slipped to their lowest in three months as fuel demand sagged amid a second wave...

South Africa’s National Ports Authority (NPA) will operate as a stand-alone business under the aegis of state-owned freight logistics group...