News Flash

US drillers cut oil and gas rigs for second time in three weeks – Baker Hughes

U.S. energy firms this week cut the number of oil and natural gas rigs operating for the second time in...
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Weathernews launches “Berth Waiting Forecast” service: Your solution to predicting port congestion

Weathernews Inc., a global leader in weather intelligence, introduces its latest innovation, the “Berth Waiting Forecast. This solution enables improved...
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Metals investment: the darkest hour is just before the dawn

Things often seem at their worst just before they get better. In terms of meeting our net zero 2050 scenario,...
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Yemen’s Houthis claim missile attack on oil tanker in Red Sea

Yemen’s Iran-aligned Houthis claimed responsibility on Saturday for an attack on the oil tanker M/T Pollux, which U.S. officials said...
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Cosco Shipping expects $1.9 mil earnings for FY2023 in profit guidance

The board of Cosco Shipping International (Singapore) F83 – has announced that it expects to report earnings of approximately $1.9...
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Australia’s Intermodal Terminal Company orders seven electric Konecranes RMG cranes for new Melbourne freight facility

Intermodal Terminal Company (ITC) has ordered seven Konecranes Rail Mounted Gantry (RMG) cranes for its new Somerton terminal in north...
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Shipping rates show signs of easing despite Red Sea disruption

While most containerships are making detours around the conflict-affected Red Sea, experts say container freight rates, which had initially soared,...
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European delivered LNG imports climb to 5.08 mil mt so far in February

LNG imports delivered into Europe stood at 5.08 million mt in the month to Feb. 16, around 46% of total...
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EU to launch mission to protect Red Sea shipping

EU foreign ministers will meet Monday in Brussels to formally launch a naval mission to help protect international shipping in...
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Seafarers can refuse to sail through Red Sea as Houthis step up attacks -industry

Seafarers have the right to refuse to sail on ships passing through the Red Sea in a new industry agreement...
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Prolonged US LNG permitting halt would have substantial impact on global market: Shell

A long-term US ban on issuing new LNG export permits would have “quite an impact” on the global LNG market,...
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ECB policymakers push back on hasty rate cuts even as inflation falls

Euro zone inflation is heading back towards the 2% target but the European Central Bank still needs more confirmation before...
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Port of Long Beach Cargo Increases in January

Trade moving through the Port of Long Beach rose in January as retailers stocked up ahead of Lunar New Year,...
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Port of Los Angeles Launches Year With Near-Record January Volume

The Port of Los Angeles handled 855,652 Twenty-Foot Equivalent Units (TEUs) in January, the second-best start to the year on...
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Iran will reciprocate if its ships are seized, official says

Iran will reciprocate if its ships are seized, the legal adviser to Iran’s President told state media on Thursday, in...
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Pyxis Tankers Announces Closing of Modern Dry Bulk Vessel Acquisition & Commercial Update

Pyxis Tankers Inc., an international shipping company, announced today that it has completed the acquisition of an 82,013 dwt dry...
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Korea to Europe container shipping costs rose more than 70% in January

Container shipping costs from Korea to Europe soared more than 70 percent last month amid escalating tensions in the Red...
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Asia Fuel Oil-Spot differentials rangebound, inventories extend draw

Cash differentials for spot fuel oil were rangebound on Thursday, while latest data showed inventories at Singapore extended a drawdown...
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Baltic index steady as weaker capesize rates counter gains in smaller vessels

The Baltic Exchange’s dry bulk sea freight index was little changed on Thursday, as gains in smaller vessel segments countered...
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BIMCO calls on IMO to solve legal inconsistencies in ship recycling conventions

BIMCO, together with Bangladesh, India, Norway, Pakistan and the ICS, has submitted a paper ahead of the 81st Marine Environment...
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