Headlines

January 18, 2021

Return of Bunker Surcharges Possible as Low Sulphur Fuel Spread Widens

As oil prices head north again, ocean carriers are preparing to ramp up low-sulphur fuel surcharges to add to the misery of shippers struggling with...

January 18, 2021

Korean shipbuilders top global order book

South Korean shipbuilders topped the global order book in 2020 thanks to a flood of year-end orders. (more…)

January 18, 2021

Gibson Weekly Tanker Market Report [W2]

After a turbulent 2020 that saw a brief oil price war, a global pandemic and oil demand destruction, it is perhaps not surprising that to...

In this Jan. 19, 2017 photo, a liquefied natural gas tank ship is guided through the Cocoli locks, part of the new Panama Canal expansion project in Cocoli, Panama. Pilots on the bridge of cargo ships and tug operators sometimes deliberately nudge gently up against the canal's barriers simply as a way to properly align the vessels. That has lessened somewhat, but the battered bumpers are evidence that not all passages are smooth. (AP Photo/Arnulfo Franco)

January 18, 2021

Panama Canal LNG vessel bottleneck could last until March

Congestion delaying LNG shipments via the Panama Canal is expected to last through the peak demand winter months, traders close to the situation said, although...

January 18, 2021

EU grain supply tension may ease next season, but prices to stay high – analyst

Tight grain supplies in the European Union should be replenished next season by an improved harvest, but prices could remain high as Chinese demand keeps...

January 15, 2021

Baltic index ends eight-session winning run

The Baltic Exchange’s main sea freight index that tracks rates for ships carrying dry bulk commodities fell on Thursday, ending an eight-session winning streak, weighed...

January 15, 2021

Panama Canal LNG vessel bottleneck could last until March

Congestion delaying LNG shipments via the Panama Canal is expected to last through the peak demand winter months, traders close to the situation said, although...

January 15, 2021

Trump administration takes final swipes at China and its companies

The United States announced sanctions on Chinese state-owned enterprise and military officials on Thursday and added Chinese oil giant CNOOC to a blacklist, accusing them...

January 15, 2021

BIMCO: Zero tonnes of Saudi crude oil imported by the US

In the seven days up to 1 January 2021, the US did not record any crude oil imports from Saudi Arabia. It is the first...

January 15, 2021

China 2020 iron ore imports hit record on robust post-virus demand

China’s iron ore imports hit a record high in 2020, jumping 9.5% from a year earlier as the country beefed up spending on infrastructure to...

January 15, 2021

CMA CGM increasing capacities, strengthening customer offer

The CMA CGM Group is pursuing its commitment towards its customers by increasing capacities in order to accompany them during these unprecedented times. (more…)

January 15, 2021

Chinese imports heading for 50% market share of the dry bulk market after a turbulent year

The turbulence of the past year has in many ways clouded the underlying fundamentals in the dry bulk shipping market, but with 2020 now behind...

January 14, 2021

Scorpio Tankers Announces Purchase of Call Options by President of the Company

Scorpio Tankers announced that the President of the Company, Robert Bugbee, has purchased call options on an aggregate of 300,000 common shares (or 3,000 call...

January 14, 2021

Globus Maritime seals new supramax charter

Globus Maritime Limited, a dry bulk shipping company, announced that it has secured new time charter employment for its vessel Star Globe (a 56,867-deadweight ton...

January 14, 2021

Baltic index drifts higher; supramax hits over 14-month high

The Baltic Exchange’s main sea freight index extended gains for the eighth consecutive session on Wednesday, buoyed by rising capesize rates and as supramax index...