News Flash

Iranian oil prices to China hit new multi-year highs as sanctions hit shipping, sources say

The price of Iranian crude oil sold to China has risen to the highest in years as fresh U.S. sanctions...
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Russia’s November seaborne grain exports jumped by 39.5% to 4.8 mln tons

Russia’s seaborne grain exports rose 39.5% year-on-year in November to 4.8 million metric tons, shipping data from industry sources showed...
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Spiken – Second Groundbreaking Lake Vanern Max Delivered To Erik Thun Group

Erik Thun Group are proud to announce the delivery of our second groundbreaking vessel, the Lake Vanern Max, named MV...
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Russia to increase oil, gas exports to China in 2025 to sustain income: Tsinghua

Russia is poised to increase its energy exports, primarily oil and gas, to China in 2025 to sustain the ongoing...
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MPA Launches EOI for Sea-Based LNG Reloading and Supply of E/Bio-Methane as Marine Fuel in Port of Singapore

The Maritime and Port Authority of Singapore (MPA) has launched an Expression of Interest (EOI) to explore scalable solutions for...
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Asia Fuel Oil-VLSFO margins log weekly declines

Asia’s refining margins for very low sulphur fuel oil (VLSFO) logged weekly declines as of Friday, while spot premiums steadied....
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TEN Ltd. Reports Reduction of Its Fleet’s Average Carbon Intensity By 19.60% Compared To 2008

TEN Ltd., a leading diversified crude, product and LNG tanker operator, announced that it has published its third annual 2023...
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Revised RightShip Inspection Age Trigger: What It Means for Owners, Managers, and Charterers

What changes has RightShip made regarding vessel inspection age triggers, and why? RightShip has revised its vessel inspection age trigger,...
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Zero Emission Port Alliance Releases Key Findings: Demand, Design Standards, And Guidelines For Terminal Infrastructure Upgrading The Electricity Grid

The 12 members of the Zero Emission Port Alliance (ZEPA) mark a year of collaboration with the release of three...
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Baltic index logs fourth weekly loss on weaker rates across all vessel segments

The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, recorded its...
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Petrobras signs $2.8 billion deal for 12 new vessels to supply offshore platforms

Brazil’s state-run oil company Petrobras said on Thursday it has signed a 16.5 billion real ($2.8 billion) deal to build...
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lomarlabs and Mythos AI Join Forces to Innovate Maritime Navigation

Lomar’s corporate venture lab, lomarlabs, and Mythos AI, a leader in advanced autonomous systems, have announced a ground-breaking collaboration that...
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Saudi crude oil supply to China to rebound in Jan vs Dec, sources say

Saudi Arabia’s crude oil supply to China is set to rebound to a three-month high in January, trade sources said...
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ITS Logistics December Port Rail Ramp Index: US West Coast Ports Experience Significant Import Volumes Amid Fears of January ILA Strike

ITS Logistics today released the December forecast for the ITS Logistics US Port/Rail Ramp Freight Index. This month, the index...
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Asia Fuel Oil-Markets broadly stable in thin trade

Asia’s fuel oil benchmarks were rangebound on Thursday amid a backdrop of largely thin trade, while high supplies continued to...
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Singapore port authority seeks proposals on scaling up LNG bunker supply

The Maritime and Port Authority of Singapore (MPA) has launched an expression of interest (EOI) to gather proposals for scaling...
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First SIRE 2.0 Inspections Point To Significant Challenges For Tanker Crews

Findings from initial SIRE 2.0 inspections following the introduction of the updated vetting procedure in September suggest tanker operators are...
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Maersk sees global container volumes rising as much as 7% in 2025, exec says

Maersk expects global container market volume rising as much as 7% next year, bolstered by strong demand from the United...
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MABUX: Bunker Prices Expected to Trend Higher Next Week

During the 50th week, the MABUX global bunker indices showed a moderate decline. The 380 HSFO index fell by USD...
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Baltic index falls as all vessel segments post declines

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, dipped to a...
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