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Global shipping rates set to jump as carriers avoid the Red Sea amid Houthi attacks

The global supply chain is feeling the fallout from Iran-backed Houthi rebels attacking vessels in the Red Sea. Freight prices...
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Commander of AFU Navy: Talks underway, incl. on attracting NATO ships to ensure safety of civilian shipping to Ukrainian ports

Negotiations are underway, including on attracting NATO ships to ensure the safety of civilian shipping to the ports of Ukraine,...
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Baltic index falls for fourth straight day on weaker rates

The Baltic Exchange’s dry bulk sea freight index slumped on Thursday for the fourth straight session, due to declines across...
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IMF says the global economy to stay ‘resilient’ in 2024 but grow too slowly.

Global economic growth will remain “resilient” this year after a stronger-than-expected 2023, the International Monetary Fund said on Thursday, but...
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Iron ore rebounds on renewed hopes of China stimulus

Iron ore futures prices recouped losses on Thursday, after falling for five straight sessions, helped by the latest support for...
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MABUX: Global bunker Prices Expected to Stabilize Next Week

The Global bunker market continued its recovery in 2023 with a moderate correction downwards following the peak values of 2022....
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Maersk Tankers and Penfield Marine to create a tanker company with a unique reach

Maersk Tankers has acquired Penfield Marine to create a large-scale crude and product tanker company offering pool partners and cargo...
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Asia Fuel Oil-Market retains downside risk; onshore stocks extend gains

The fuel oil market in Asia remained at the risk of downside as of Thursday, while onshore stockpiles at key...
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Chinese refiners ask for less Saudi crude oil for Feb

Chinese refiners asked for less Saudi crude oil for February, people with knowledge of the matter said on Thursday, even...
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Tighter fleet capacity, geopolitical issues, longer voyages to boost 2024 tanker freight

Tightening fleet capacity, lingering geopolitical conflicts and robust US crude exports are expected to boost tanker freight in 2024 despite...
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Proven MAN EGR Incentivises Continuous ME-GA Engine Orders

Nippon Yusen Kaisha (NYK), the major Japanese shipping company and among the world’s largest owners and operators of LNG carriers,...
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Asia Fuel Oil-Premiums rangebound; 180-cst HSFO trade emerges

Cash premiums for fuel oil were rangebound in single-digit premiums in Asia, though a rare trade for 180-cst high sulphur...
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Baltic index logs biggest fall in a month on slipping vessel rates

The Baltic Exchange’s dry bulk sea freight index fell on Tuesday to a nearly seven-week low in its worst showing...
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Russia lifts exchange-rate-linked duty on most coal exports

Russia has lifted duties linked to the rouble-dollar exchange rate on most coal exports, according to a decree published on...
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Japanese Q1 aluminum premium down 7.2% to $90/mt CIF Japan

Platts, part of S&P Global Commodity Insights, assessed the first-quarter premium for imported primary aluminum at $90/mt plus London Metal...
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Indian refiners set to ask for extra Saudi oil after sharp price cut

Two Indian state refiners are seeking to boost imports of Saudi crude oil after the kingdom cut the official selling...
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Iron ore extends decline as mills’ pre-holiday replenishment slows

Iron ore futures fell on Tuesday for a fourth consecutive session, albeit at a slower pace, as steelmakers in top...
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Korean Shipping Companies Face Soaring Challenges as Q4 Performance Takes a Downturn

In the fourth quarter of last year, the annual performance of South Korea’s largest container shipping company HMM and bulk...
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Green ammonia could decarbonize 60% of global shipping when offered at just 10 regional fuel ports.

A study published today in IOP Publishing’s journal Environmental Research: Infrastructure and Sustainability has found that green ammonia could be...
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Middle East Crude-Benchmarks extend gains as arbitrage window shuts; Saudi Arabia cuts OSPs

Middle East crude benchmarks Oman, Dubai and Murban extended gains on Monday as the arbitrage window for U.S. crude to...
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