News Flash
Asia Distillates-Activity ticks up; one refiner selling prompt cargoes
Asia’s middle distillates markets saw an uptick in paper and physical discussions as ICE gasoil futures were little changed, with...
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IMO Secretary-General to join industry leaders at Global Maritime Forum Annual Summit in Tokyo
International Maritime Organization (IMO) Secretary-General Arsenio Dominguez will attend this year’s Global Maritime Forum Annual Summit, taking place 15-17 October...
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Russian June gasoline exports by rail jump after ban waived, Afghanistan sales surge
Russian gasoline exports by rail jumped by more than 70% in June from May to 423,101 metric tons after a...
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US crude exports to Europe hit a two-year low in June
U.S. crude shipments bound for Europe fell to a two-year low in June as European buyers bought cheaper regional and...
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NAPA and Union Marine Management Services enter agreement on Voyage Optimization and CII simulator deployment
New partnership on digital integration will help reduce emissions and support compliance for an initial 55 bulk carriers. NAPA’s Voyage...
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Korea plans $1.4bn investment for smart shipbuilding projects
The Republic of Korea’s industry ministry said Tuesday it plans to pursue investment projects worth 2 trillion won (US $1.44...
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Technology Innovators RINA and ROTOBOOST join SEA-LNG
RINA, a world-leading inspection, certification and consulting engineering multinational and ROTOBOOST, a global hydrogen technology company, have joined the SEA-LNG...
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Russian LNG exports up in H1 but set to fall due to maintenance
Russia’s Liquefied Natural Gas (LNG) exports rose 2.7% in the first half of the year to 16.79 million metric tons,...
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Vitol invests in future of LNG bunkering by securing three LNG Bunkering Vessels
Vitol has secured three LNG Bunkering Vessels (“LNGBV”) through its shipping company, Vitol International Shipping Pte Ltd (“VIS”). The vessels...
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Asia Fuel Oil-HSFO range-bound; more July tenders underway
Asia’s High Sulphur Fuel Oil benchmarks were range-bound on Wednesday, while more tenders were underway for cargoes loading in July....
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FUJAIRAH DATA: Oil product stocks drop to nine-month low
Stockpiles of oil products at the UAE’s Port of Fujairah dropped to a nine-month low as of July 1, with...
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Tanker market in unfamiliar equilibrium as demand levels stay ‘higher for longer’
Large scale route diversions as a consequence of the Red Sea/Suez Canal crisis have seen deadweight demand for crude and...
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WAF-UKC Suezmax rate dips below w100 for first time since May 15
The freight rate for the key West Africa-UK/Continent Suezmax run, exclusive of EU Emissions Trading Scheme costs, dropped below the...
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Baltic index snaps 5-day winning streak on lower vessels rates
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, snapped its five-session gaining...
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Folk Maritime signs deal with Bahri Ship Management to strengthen its fleet capabilities
Folk Maritime Services Company, a PIF company and one of the region’s leading feeder and short-sea services provider, has signed...
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Oil bulls advance cautiously as stocks expected to fall
Investors purchased petroleum for the third week running as bearishness triggered by the OPEC+ meeting at the start of June...
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Wärtsilä ammonia fuel supply and cargo handling systems selected for two more EXMAR vessels at Hyundai Mipo Dockyards
Wärtsilä Gas Solutions (WGS), part of technology group Wärtsilä, will deliver the fuel supply and cargo handling systems for two...
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Shipping firm HMM deploys new carbon capture system on vessels
HMM, Korea’s largest container shipper, deployed new proprietary technology in the voyage of 2,200 TEU (twenty-foot equivalent unit) container ships,...
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Baltic index rises for fifth straight day on strong capesize demand
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, gained for the fifth...
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US crude, products stockpiles seen down last week
U.S. crude oil and product stockpiles were expected to have fallen last week; a preliminary Reuters poll showed on Monday....
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