A New Chapter for Oil Market Oil prices have remained comfortably below $100/bbl over the past three months, with Brent largely trading between $80/bbl and $85/bbl, despite the imposition of the European ban on Russian crude and products im

3March,2023, London: The International Chamber of Shipping (ICS),representing over 80% of the worlds merchant fleet,is pleased to announceFEDIL Shipping,Luxembourg and the Brazilian Association of Cabotage Owners becoming Affiliate Member N

(A)Achieving better efficiency, safety, and productivity through technology Progress of Tuas Port after its official opening in September 2022 When completed in the 2040s, Tuas Port will be the worlds largest fully-automated terminal, with

Hapag-Lloyd today published its annual report for 2022, the year of its 175th anniversary. According to the report, Hapag-Lloyds EBITDA increased to USD 20.5 billion (EUR 19.4 billion). EBIT grew to USD 18.5 billion (EUR 17.5 billion), and

The Maritime Research Institute of the Netherlands (MARIN) is leading a joint industry project to investigate what is needed to drastically reduce losses of containers from container vessels. The participants in the project include containe

Asia and in particular China is where the action will be for the tanker market, concludes analyst MSI in its latest report. But the global picture suggests a more modest uptick in activity. China is seeing a sharp increase in transportation

While many foreign and domestic ports face pressure to raise container throughput, Beibu Gulf Port in South Chinas Guangxi Zhuang autonomous region is bucking the trend after seeing growing container throughput in January, said its operator

Freight rates for container exports from China continued to decline in the eight week of the year despite transportation capacity adjustments. According to the Shanghai Shipping Exchange, the Shanghai Containerized Freight Index (SCFI) , a

Dalian iron ore futures extended gains for a second session on Thursday as market sentiment improved following the removal of production curbs in key steel-making cities and on better-than-expected manufacturing data from China. Handan and

Low and high sulfur fuel oil bunker premiums have fallen in Hong Kong, as rising competition from regional ports has weakened domestic demand and dampened the near-term market outlook, bunker suppliers said March 2. Demand for LSFO bunker i

The Baltic Exchanges main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to its highest level since early January on Thursday, supported by stronger rates across all vessel segments. The overall index, which

Piraeus, Greece 1 March, 2023: The work to develop Greeces first Floating Storage Regasification Unit (FSRU) commenced recently at the Keppel shipyard in Singapore with the conversion of GasLogs DNV classed LNGC Gaslog Chelsea, recently ren

London and Singapore, 2 March 2023. The first two months of 2023 have seen tanker market fortunes change rapidly, illustrating the volatility and upside that continues to persist as global trade patterns are reshaped. Sharp increases in spo

On March 1, Zhonggu Shipping signed a strategic cooperation agreement with Anhui Provincial Port Shipping Group to jointly promote the bulk carriers converted into container ships. Anhui Port will promote railway and waterway combined trans

On a chilly Wednesday morning, hundreds of trucks loaded with multi-colored containers queue in front of a 363-meter-long ship docked at a terminal at the Qingdao port, East Chinas Shandong Province, forming a line that stretches for more t