Oil

Headlines

Mideast-Asia oil shipping rates rebound, capped by OPEC+ supply cuts

info info - September 27, 2023

Headlines

Russia Still Relies on Europe to Ship Its Oil Despite Price Cap Breach

info info - September 26, 2023

Headlines

Russian Oil Producers Open New Export Route to UAE

info info - September 22, 2023

Headlines

Asia Fuel Oil-Premiums inch lower; more Oct loadings to emerge

info info - September 19, 2023

Oil

OPEC oil output falls in May after voluntary cuts – Reuters survey

OPEC oil output fell in May after Saudi Arabia and other members of the broader OPEC+ alliance made voluntary output cuts to support the...

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Asia’s crude imports jump in May

Asia’s imports of crude oil are on track for a strong rebound in May as the region’s two biggest buyers, China and India, suck...

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Bunkers slide on week amid unclear signals from crude

Marine fuel markets lost some ground in the week ended May 25 amid mixed dynamics in crude markets and a lack of clarity in...

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Lloyd’s Register Withdraws Class from Indian Shipowner Gatik

Lloyd’s Register has told India’s Gatik Ship Management, which has become a major carrier of Russian oil since the Ukraine war, that it will...

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US crude stockpiles post massive surprise drawdown – EIA

U.S. crude oil and distillate inventories fell unexpectedly last week, while gasoline stockpiles rose more than forecast, the Energy Information Administration said on Wednesday. Crude...

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Russian Oil Exports By Sea Show No Sign of Cuts – report

Russian crude oil flows to international markets still show no sign of the output cuts the country insists it is making. Four-week average seaborne shipments,...

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EU Puts Russian Ship-to-Ship Oil Transfers in its Crosshairs

The European Union proposed prohibiting access to its ports for vessels that attempt to circumvent sanctions on Russian oil as it seeks to deter...

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Russian seaborne crude exports hit 12-month high – Platts

Russian seaborne crude exports rose 8% on the month in April to a 12-month high as Indian refiners snapped up record volumes of discounted...

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Russian Oil Companies Ramp Up May Exports to Meet Asian Demand

Russia is expected to increase seaborne oil exports from its western ports this month to a four-year high to meet Asian demand for low-priced...

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Asia’s crude oil imports slip in April amid softer China, India

The strong start to the year for Asia’s imports of crude oil came to a halt in April, with arrivals dropping to a seven-month...

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Gas

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Dry Cargo

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Finance & Economy

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Containers

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Headlines

Piraeus Port reports strong H1 2023 results

Finance & Economy

Shipping News

Ports

Sphinx Investment Corp Increases Stake in OceanPal

On September 28, 2023, an OceanPal SEC filing revealed that Sphinx Investment Corp. had raised its ownership in OceanPal, now holding a substantial stake...

Star Bulk Announces the Repurchase of 10 Million of Its Common Shares

Star Bulk announced that it entered into a Repurchase Agreement (with OCM XL Holdings, LP, a limited partnership incorporated in the Cayman Islands, pursuant...

Trafigura announces executive leadership changes

Trafigura Group Pte Ltd. has announced an evolution of its executive team to further strengthen leadership and focus across its global activities during a...

Woori, HMM, KOBC to buy Polaris in prospective $448 mln deal – report

Polaris Shipping Co. is poised to sell its entire stake at around 600 billion won ($447.5 million) to Woori Private Equity Asset Management Co....

Pyxis Tankers Announces Closing of Ultramax JV Investment

Pyxis Tankers, an international shipping company, reported that on September 14, 2023, the Company closed on its previously announced newly formed drybulk joint venture...

Baltic index snaps 4-day winning streak as capesize rates slip

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk...

Baltic index scales 11-month peak on strong capesize rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry...

Baltic index scales over 9-month high on capesize surge

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry...

Baltic index rises to over 4-month high on stronger capesize rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry...

Houston-Japan VLGC freight rates reach multi-year high

VLGC freight rates from Houston to Chiba, Japan, reached $245/mt Sept. 21 for the...

Piraeus Port reports strong H1 2023 results

The Piraeus Port Authority SA, which operates Greece’s biggest and busiest port, reported a 48.8-percent increase in pre-tax earnings for H1 2023 – 49.4...

Greece names Thessaloniki port operator preferred bidder for Volos port

Greece’s privatisation agency has named the operator of Thessaloniki port as the preferred bidder for acquiring a 67% stake in the port of Volos,...

Drewry: Port Throughput Index Down 2.1% in July

The Global Container Port Throughput Index fell 2.1% MoM in July 2023, with the small rises recorded in Africa and Oceania having been insufficient...

Vopak: Agreement with Infracapital on sale of Rotterdam chemical terminals

Vopak announces that it has reached an agreement with Infracapital on the sale of its three chemical terminals in Rotterdam (Botlek, TTR and Chemiehaven)...

Port Hedland Iron Ore Exports Edge Up 4% in August

Pilbara Ports Authority has delivered a total monthly throughput of 62.8 million tonnes (Mt) for August 2023, consistent with the August 2022 throughput. The Port...