News Flash

‘Sky’s the limit’ for shipping derivatives

The sky’s the limit” for the use of derivatives in the shipping industry, according to finance expert and academic Professor...
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Rotterdam World Gateway container terminal invests in shore-based power

Rotterdam World Gateway (RWG) container terminal has decided to equip its entire quayside with shore-based power for all vessels. The...
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US LNG exports fall in February on outage and fewer calendar days

A month-long closure at Freeport LNG plant in Texas and fewer days in the month pushed February U.S. liquefied natural...
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Cyprus Shipping 2024 | New Green Incentives Programme

The Cyprus Shipping Deputy Ministry recently announced a new ‘Green Incentives Programme’, aiming to reward vessels which effectively reduce their...
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Ukraine expands ship war insurance with Marsh & Lloyd’s to iron ore, steel

Insurance broker Marsh MMC.N and Lloyd’s of London underwriters have expanded a marine war insurance programme backed by Ukraine from...
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Only grain ships from Black Sea and for Iran still crossing Red Sea, analysts say

Grain ships originating from the Black Sea or bound for Iran are about the only ones still sailing through the...
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UKMTO receives report of attack west of Yemen’s Mokha

The United Kingdom Maritime Trade Operations (UKMTO) agency said on Saturday that it received a report an attack 15 nautical...
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Yemen’s Houthis say they will continue sinking British ships

Houthi militants have repeatedly launched drones and missiles against international commercial shipping since mid-November. Yemen's Iran-backed Houthis vowed on Sunday...
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Ship sunk by Houthis threatens Red Sea environment, Yemeni government says

The UK-owned Rubymar, attacked by Houthi militants last month, has sunk in the Red Sea, Yemen’s internationally recognised government said...
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Rubymar cargo ship attacked by Houthis has sunk, Yemeni government says

The Rubymar cargo ship, attacked last month, has sunk in the southern Red Sea, Yemen’s internationally recognised government said in...
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Asia Distillates-Margins hit 2-month low, premiums dip again amid ample supply

Asia’s middle distillates markets weakened further against a backdrop of ample March supply from northeast Asian suppliers, cautious expectations on...
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NORDEN adds to Capesize portfolio to meet customer demands

NORDEN acquires four Capesize newbuildings to meet strong demands from customers looking to unlock economies of scale by sizing up...
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India’s Russian oil imports rise in February – ship tracking data

India’s daily crude oil imports from its top supplier Russia are expected to rise in February from the previous month,...
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Iron ore hemmed in tight range as investors reassess China demand prospects

Iron ore futures held in a tight range on Thursday as investors reassessed near-term demand prospects in top consumer China...
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ZeroNorth partners with Vitol to facilitate EUA purchases, accelerating green shipping

New functionality will enable customers to request to buy European Union Allowances from Vitol’s Carbon Desk Copenhagen, Denmark, 29 February...
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Asia Fuel Oil-VSFLO refining crack logs uptrend in February

Refining margins for very low sulphur fuel oil (VLSFO) posted an increase from early to end February, data showed on...
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Barge fuel exports help Russia negotiate tanker shortage

Russia exported more than 700,000 metric tons of oil products from the Black Sea port of Novorossiisk in 2023 using...
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TotalEnergies Marine Fuels Completes First Digital Bunker Operation with Mitsui O.S.K. Lines in Singapore

TotalEnergies Marine Fuels has conducted its first digital bunker delivery for Mitsui O.S.K. Lines, Ltd. (MOL) in Singapore, boosting the...
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Nordic American Tanker: Dividend is up and solid prospects going forward

Highlights: In 2023, the Net Voyage Revenue for Nordic American Tankers Ltd (NAT) totaled $262.2 million. This is a remarkable...
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Baltic Index Climbs To 10-Week High On Rising Vessel Rates

The Baltic Exchange’s dry bulk sea freight index extended gains on Thursday to hit an over two month peak, supported...
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