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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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