News Flash

Global LNG demand seen rising in 2024 from China, Europe

Global liquefied natural gas (LNG) demand will grow in 2024 with top buyer China back in the market and consumption...
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Lower shipping rates nudges Samudera Shipping to report earnings of US$101.2 million

Samudera Shipping Line has reported earnings of US$101.2 million, down 68.6% y-o-y for FY2023, on the back of a 41.2%...
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Abandoned at sea, Houthi-damaged ship awaits towing to Saudi Arabia amid oil slick concerns

A vessel impaired in a mid-February Houthi attack offshore Yemen remains abandoned at sea awaiting towing to safe harbor amid...
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Danelec and Franman Strengthen their Partnership Further to Accelerate Maritime Digitalization

Danelec is extending its longstanding partnership with Franman to also promote its growing digital offerings and expand its presence in...
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Red Sea attacks add urgency to alternate Mideast trade route: Indian Government

The volatile situation in the Red Sea increases the need for an alternate trade corridor to ship goods from India...
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Anglo American completes 10-strong chartered fleet of lower emission LNG dual-fuelled vessels

Anglo American announces delivery of the last of its 10-strong chartered fleet of Capesize+ Liquefied Natural Gas (LNG) dual-fuelled bulk...
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Asia Fuel Oil-Cash differentials slip further on tepid marine fuel demand

Cash differentials for fuel oil extended declines in Asia on Wednesday, weighed by soft marine fuel demand in recent days....
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INTERTANKO and Veson Nautical launch modernized Q88 Questionnaire

INTERTANKO, the International Association of Independent Tanker Owners, and Veson Nautical (Veson), the global market leader of maritime freight management...
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Russia diverts LNG supplies for Asia around Africa to avoid Red Sea, LSEG data shows

Russia is diverting China-bound cargoes of liquefied natural gas (LNG) on a longer route via the Cape of Good Hope...
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Baltic index hits near 2-month high on strong vessel rates

The Baltic Exchange’s dry bulk sea freight index extended gains on Wednesday to hit a nearly two-month high, supported by...
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GTT: FY 2023 Results: Revenue and EBITDA in the upper half of the guidance range

GTT, the technological expert in membrane containment systems used to transport and store liquefied gases, announces its results for the...
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US hits Iran with new sanctions targeting commanders, shipping

The United States targeted Iranian and Houthi commanders and a vessel that shipped more than $100 million in Iranian commodities...
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MPC Container Ships Reports Strong Fourth Quarter Revenues of $152.8 Million

Highlights Strong operating revenues of USD 152.8 million.EBITDA was USD 93.6 million, compared to USD 127.0 million in Q4 2022...
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Houthis say they can reassess Red Sea attacks if Israeli ‘aggression’ stops

Yemen’s Houthis said on Tuesday they could only reconsider their missile and drone attacks on international shipping in the Red...
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CMA CGM, COSCO SHIPPING, Evergreen and OOCL to extend OCEAN Alliance until 2032

Chief Executive Officers of the CMA CGM Group, COSCO SHIPPING, Evergreen and OOCL signed in Shanghai a Memorandum of Understanding...
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Asia Fuel Oil-HSFO cash discount widens on amply supplied market

Cash discounts for High Sulphur Fuel Oil (HSFO) widened in Asia on Tuesday as the region remains well supplied, with...
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Korean shipbuilders secure big orders for LNG carriers

South Korea’s three major shipbuilders are winning large orders for Liquefied Natural Gas (LNG) carriers in early 2024, indicating their...
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Maersk warns Red Sea disruptions could last into the second half of the year

Maersk has warned of disruptions to container shipping via the Red Sea dragging into the second half of the year...
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Navigating the EU ETS, its extension to shipping and the future of ETS 2

Global law firm Reed Smith hosted a Carbon Markets event on the European Union Emissions Trading System, in which a...
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Baltic index hits over 1-month high on sturdy vessel rates

The Baltic Exchange’s dry bulk sea freight index extended gains for an eighth straight session to touch 1-1/2 month peak...
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