Sovcomflot secures domestic insurance but sanctions continue to stymie operations Sovcomflot's chief executive says the embattled Russian tanker giant has been on an even keel since mid-May, but vessel tracking...
Marine insurance bans 'won't stop Russian oil exports' Insurance cover likely to shift to Asia from Europe once marine insurance bans take effect, blunting the anticipated impact of...
Asia eyes ammonia as Europe mulls methanol Europe and Asia are divided on their approach to shipping decarbonisation, says WinGD head Klaus Heim
The week in charts: Asian rivals challenge Singapore as top bunkering hub | Ukraine's minor ports facilitate grain trade | Greek-owned tankers picking up Russian business Product tanker rates rise in Asia, post-panamax boxship values double since early 2021, and a tanker previously used in US-sanctioned...
Norden further raises profit guidance Company expects profit for 2022 in the range of $420m-$500m, up from the $340m-$420m range it announced in May
Standard Club pares losses over 2021 Club pays out $284.7m in claims on revenue from calls, premiums and releases of $294m and sees negative return on...
Seanergy announces spin-off with plan for first cape drop-down United has applied for its own Nasdaq listing and intends to invest across 'different shipping segments'
Fast-growing upstart carriers exposed to spot rate volatility Despite the pace of expansion, weakening spot rates and ebbing consumer demand are posing a danger to newer shipping lines...
Ukraine sinks Russian vessel carrying supplies to Snake Island The vessel was carrying 33 people; 10 persons have been reported missing
Changing lanes: New entrants do little to level boxship playing field Despite a flurry of new carriers and operators on the trunk liner trades the established alliances have maintained their dominant...
LR adds OneOcean as vision of class continues to evolve Further acquisitions by LR were forecast last year as part of vision to become a trusted adviser on sustainability issues...
Increased purchase trades cushion LPG decline The increase in tenders for LPG was due to latent demand, coinciding with the availability of spot cargo supply from...
The week in newbuildings: Seatrade orders reefer boxship quartet Newbuilding order confirms continuing shift from multi-decked conventional refrigerated cargo ships in favour of fully cellular containerships with very high...
Daily Briefing Sexual abuse and harassment 'systemic' on ships | Animal harm: What to do about livestock carriers | Is Singapore losing...
China Merchants sells non-eco designed VLCC The sale is part of China Merchants Energy Shipping's fleet renewal plan to increase its percentage of eco-designed vessels and...
DP World to build logistics park at Jeddah port Project will boost Jeddah Islamic Port's re-export activities, reducing the time and cost of logistics for importers and exporters
OIL FUTURES: Crude markets stabilize after end-of-week plunge On June 17, ICE August Brent had dropped by $6.69 to a settlement of $113.12/b and NYMEX July WTI sank by $8.03 to settle at $109.56/b.
China Russian crude imports surge to record high of 2 million b/d
Netherlands triggers gas crisis plan due to low Russian exports to Europe In addition, Gazprom has cut flows via the Nord Stream pipeline to Germany to just 40% of capacity due to issues over maintenance of a key compressor station.
REFINERY NEWS: Russia claims new missile attack on Ukraine's Kremenchuk Refinery: Shebelinka Gas Processing Plant, Ukraine
ASIA RESIDUAL FUELS: Key market indicators for June 20-24 The low sulfur bunker market is likely to continue to be supported by a steady bunker demand in Singapore as well as underlying supply tightness.
FEATURE: Maritime decarbonization needs more incentives for drastic push In January, the GCMD awarded its ammonia bunkering safety study to a DNV-led consortium
Germany readies plans to preserve gas this summer to boost winter storage TTF front-month gas was assessed June 17 at Eur118.50/MWh, S&P Global data showed.
EUROPE AND AFRICA RESIDUAL AND MARINE FUEL: Key market indicators June 20-24 Strong VLSFO demand has been driven by elevated gasoline and gasoil cracks of late, according to one market source.
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