News Flash

Equinor CEO points to increasing industrial gas demand in Europe

Norway’s state-controlled Equinor is paying close attention to signs of industrial gas demand recovery in Europe as part of its...
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Iron ore rebounds from two-week low on China stimulus hopes

Most ferrous metals and material futures rose on Wednesday, in tandem with Chinese equities, after Beijing signalled that authorities were...
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Indian LNG imports to hit 150 mln tons by 2030 -Petronet LNG CEO

Indian liquefied natural gas (LNG) imports are forecast to jump to 150 million metric tons per year (tpy) by 2030...
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NYK Takes Delivery of Japan’s First LNG-Fueled Capesize Bulk Carrier Decarbonizing JFE’s Supply Chain

A naming ceremony was held on January 30 for an LNG-fueled capesize bulk carrier that was ordered by NYK and...
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OneCare Solutions announces merger with Marine Medical Solutions to enhance 360-degree health and wellbeing service to maritime industry

Leading health and wellbeing support service provider, OneCare Solutions (OCS) has reconfirmed its dedication to the health and wellbeing of...
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Crew in Trouble: Trade Union Helps the Crew of VYSSOS

At the end of last month, an extraordinary incident occurred at the Bystre mouth. The dry cargo ship VYSSOS (IMO...
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Asia Fuel Oil-Premiums steady in thin trade but supply pressure weighs

Asia’s fuel oil cash premiums were little changed in thin trade on Wednesday, though supply pressure put a lid on...
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Baltic index logs worst day in a week as capesize rates fall

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, recorded its biggest daily fall...
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Red Sea tensions drive down WAF Suezmax rates, disrupt Persian Gulf trade flows

Disruption in the Red Sea has led to an influx of westward ballasters into the Atlantic region from the Persian...
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DNV study validates energy efficiency gains for LNG carriers enabled by ABB and MAN DFE+ propulsion solution

DNV has quantified the gains that owners of liquefied natural gas (LNG) carriers could expect to achieve using the new...
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India to sign deal extending LNG imports from Qatar till 2048, lowering costs

The first 25-year deal is to expire in 2028 and is now being extended for 20 additional years. The second...
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Turkey, Brazil became main importers of Russian seaborne oil products in 2023

Turkey and Brazil last year became the biggest importers of Russian seaborne diesel and gasoil after European Union sanctions barring...
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Yemen Houthi leader says group will further escalate if attacks on Gaza do not stop

The leader of Yemen’s Iran-aligned Houthis said on Tuesday that the group will further escalate if the Israeli attack on...
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Asia Distillates-Margins at more than 3-mth high, physical markets quiet

Asia’s middle distillates refining margins firmed to a more than three-month high of above $26 a barrel, reflecting the support...
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Saudi Arabia keeps Arab Light crude price to Asia unchanged in surprise move

Top oil exporter Saudi Arabia unexpectedly kept March price of its flagship Arab Light crude to Asia unchanged at a...
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Asia Fuel Oil-HSFO holds in discounts amid persistent flurry of offers

Asia’s high sulphur fuel oil (HSFO) market held in discounts on Tuesday as persistent selling interest and multiple offers continued...
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Mitsui OSK rerouting all vessels via Cape of Good Hope

Japan’s Mitsui OSK Lines (MOL) 9104.T has rerouted all of its ships via the Cape of Good Hope due to...
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Baltic index rises on stronger vessel rates across segments

The Baltic Exchange’s dry bulk sea freight index rose to an over one-week high on Tuesday, as vessel rates gained...
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Up to 35 Aframax tankers could switch to carrying cleaner fuel: Kpler

As many as 35 oil tankers that usually carry crude or fuel oil could switch to carrying cleaner products like...
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Asia LNG imports are robust, but record supply keeps spot prices muted

The spot price of liquefied natural gas (LNG) is continuing to meander at low levels amid ample supply from major...
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