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Shipping rates volatile in February amid Red Sea crisis, data shows

Rates for the use of the ships most commonly used for carrying crude oil around the world are up to...
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Belgian shipowners support ILO-IMO work on harassment and bullying in the maritime sector

At the forthcoming second meeting of the Joint ILO-IMO Tripartite Working Group to Identify and Address Seafarers’ Issues and the...
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Europe’s gas consumption falls to 10-year low as peak LNG demand nears

Europe’s gas consumption in 2023 fell to its lowest level in 10 years as countries scale up efficiency measures and...
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Asia Fuel Oil-VLSFO cash premium extends downtrend for fourth session

Singapore’s cash premium for very low sulphur fuel oil (VLSFO) extended declines for a fourth straight session as of Monday,...
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Euronav Announces Order For 2 Dual-Fuel Bitumen Tankers Under Long-Term Charter Deal

Euronav NV is pleased to announce that it has concluded an order for two bitumen tankers with China Merchants Jinling...
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Greece approves military participation in EU Red Sea mission

The Greek government on Monday approved the country’s participation in a European Union naval mission in the Red Sea to...
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Improved Panama Canal flows support US LPG over LNG

US LPG exports via the Panama Canal rose slightly in January, according to the US Energy Information Administration, but there...
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Baltic Index Climbs Multiweek Highs On Firm Capesize, Supramax Rates

The Baltic Exchange’s dry bulk sea freight index edged up to a seven-week high on Monday, buoyed by climbing rates...
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Hydroniq Coolers awarded a frame agreement for MR tanker equipment

Marine and offshore pumping system supplier Framo has awarded Hydroniq Coolers a frame agreement to deliver tube coolers for use...
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Aluminium rises from one-month low on Shanghai stocks jump

Aluminium prices hit a one-month low on Monday after inventories in Shanghai jumped and the United States did not impose...
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First LNG vessel arrives at new German Mukran terminal

The first vessel carrying liquefied natural gas (LNG) for Germany’s Baltic Sea terminal of Mukran arrived on Saturday for a...
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Houthi attack on Red Sea ship causes massive oil slick

The Yemen-based Houthi attack last week on a UK-owned ship in the Red Sea caused a 29-kilometer (18-mile) oil spill,...
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Clean Arctic Alliance: Progress Made, But IMO Fails to Act on Black Carbon Emissions, Despite Credible and Direct Pathway

As a meeting of the International Maritime Organization’s (IMO) Sub-Committee on Pollution Prevention and Response (PPR 11) closed today in...
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Suez Canal shipping volumes drop 55% in a week as Red Sea crisis continues

Shipping volumes through the Suez Canal more than halved last week, while volumes on the alternative route around the Cape...
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ECB minutes mark the next step on a very long road to rate cuts

The European Central Bank is not really known as a central bank that makes swift shifts in its policy decisions....
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After hitting new highs in 2023, US lower 48 oil production growth will begin to slow considerably in 2024 and beyond

US Lower 48 oil production growth exceeded expectations in 2023, adding 900,000 barrels per day (b/d) despite inflationary pressures, private...
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China denies it is ‘remotely controlling’ port cranes to collect shipping data

Urging against the “weaponization” of economic and trade issues, China on Friday denied claims that it was “remotely controlling port...
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GPA’s January rail cargo jumps 27 percent

Cargo moved by rail at the Port of Savannah reached 47,132 containers in January, an increase of 10,000 boxes, or...
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Stronger West Asia, India spot interest pulling WAF, US LNG cargoes

Weak spot LNG prices globally have sparked spot buying interest in India and the Middle East, attracting selling interest from...
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Xeneta calls upon former Amazon and MSC logistics technology experts to join the ocean and air freight data revolution

How do you harness the power of data and technology to transform the way ocean and air freight is bought...
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