News Flash
Israel’s Ashdod port sees strategic risk from China during Gaza war
Israel’s government-run port of Ashdod has complained that a rival Chinese-run terminal at the northern port of Haifa has become...
Read More
US LPG, LNG freights diminish despite Red Sea attacks
LPG and LNG freight rates to Europe remain depressed on slim demand and full storages, with the impact of ongoing...
Read More
Navig8 takes delivery of the first of six Eco-friendly newbuild MR IMO 2 vessels
The Navig8 Excel will utilise a range of technologies that improve operational efficiency, lessen fuel consumption, and reduce emissions. The...
Read More
Trafigura assesses Red Sea risks after tanker attacked by Houthis
Commodities trader Trafigura said on Saturday it was assessing the security risks of further Red Sea voyages after firefighters put...
Read More
Clean LR2 freight at almost four-year highs as Red Sea conflict squeezes supply
Clean tankers’ freight rate for Europe-bound voyages Jan. 25 hit its highest level in almost four years, as longer voyages...
Read More
Red Sea, Black Sea and Panama Canal: UNCTAD raises alarm on global trade disruptions
The UN’s trade and development body, UNCTAD, has raised profound concerns over escalating disruptions to global trade. It says that...
Read More
Shipping transits through Suez Canal plunge 42% amid Houthi attacks
Weekly shipping transits through the Suez Canal, a vital trade link between Europe and Asia, plunged by 42 per cent...
Read More
Sanctions squeezing Sibur’s supply of tankers for Ust-Luga LPG, sources say
Russia’s largest petrochemical company and exporter of liquefied petroleum gas (LPG) Sibur is reducing LPG exports from the Baltic Sea...
Read More
U.S. monthly dry natural gas production set a new record in December 2023
U.S. dry natural gas production in the Lower 48 states reached an all-time monthly high of 105.5 billion cubic feet...
Read More
Iron ore extends gain as China pledges lift sentiment
Iron ore futures climbed for the second consecutive session on Wednesday, aided by improved risk sentiment amid efforts by authorities...
Read More
Russia’s place as top crude supplier to India under pressure for first time since October 2022
An increase in Iraqi crude volumes this month means that Russian crude may be eclipsed as India’s top source for...
Read More
MISC Group Continues Its Growth Agenda, Supporting Energy Security and Transition Initiatives Responsibly and Sustainably
The MISC Group (The Group) today strengthens its position as a progressive maritime conglomerate with the addition of two more...
Read More
ABB to acquire weather routing business to expand marine software portfolio
ABB to expand offering to vessel weather routing, analytics, reporting and shore-based support through the acquisition of the shipping business...
Read More
Asia Fuel Oil-VLSFO rebounds despite latest Al Zour tender
The cash premium for very low sulphur fuel oil (VLSFO) rebounded in Asia on Wednesday despite a spot tender from...
Read More
Eurozone PMIs show very tentative signs of bottoming out
How you read today’s PMI release for the eurozone reveals whether you’re an optimist or a pessimist. The increase from...
Read More
Red Sea shipping stages fragile uptick as US continues to hit Houthi sites
Tanker and commercial shipping traffic through the Red Sea show signs of a fragile recovery from recent lows, according to...
Read More
As more tankers divert from Suez Canal, there’s a ‘sea change’ in way Europe is buying crude
Energy prices for Europe are expected to increase as more petroleum products and crude tankers are diverting away from the...
Read More
Baltic index rises on higher freight activity, fewer ships
The Baltic Exchange’s dry bulk sea freight index climbed on Wednesday, as rates across ship segments rose amid increased freight...
Read More
Foreign direct investment in developing economies fell 9% in 2023
Foreign direct investment (FDI) flows to developing countries fell by 9% to $841 billion in 2023, according to UNCTAD’s latest...
Read More
Russia’s Ust-Luga port continues crude, fuel exports while Novatek terminal shut
The Baltic Sea port of Ust-Luga was exporting crude oil and fuel on Tuesday apart from at Novatek’s NVTK.MM terminal...
Read More