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Friday, March 29, 2024
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IEA: World Oil Demand to Reach 101.6 mb/d in 2023

According to the IEA Oil Market Report (OMR), world oil demand is forecast to reach 101.6 mb/d in 2023, surpassing pre-pandemic levels. While higher...

Europe imports more South African coal as Russian ban looms

European countries, scrambling to secure alternatives to Russian coal, imported 40% more coal from South Africa’s main export hub in the first five months...

Intermodal Weekly Market Report [W23]

Picking up from my last insight in March, on the early days of the invasion, it’s worth pointing out the way that the fast-paced...

OPEC Raises Oil Demand Growth For Second Half of 2022

Crude oil spot prices recorded solid gains in May, buoyed by strong physical crude market fundamentals.Tight oil product markets and high refining margins have...

Port of Hedland: Iron Ore Exports At 47.7 Mln Tons In May

Pilbara Ports Authority has delivered a total monthly throughput of 61.7 million tonnes (Mt) for May 2022. This throughput was a two per cent...

Gibson Weekly Tanker Market Report [W23]

The European Union’s (EU) decision to prohibit Russian crude and refined products imports into the bloc came as little surprise to the market...

After Ruling, Iran Expects to Get Its Confiscated Oil Back

Iran expects an oil cargo confiscated by the United States off the coast of Greece to be returned in full, Tehran’s ambassador to Athens...

China May iron ore imports up 3% on supply chain easing

China’s iron ore imports rose 3% in May from the same month a year earlier, customs data showed on Thursday, after disruptions to shipments...

China May coal imports fall on weak demand – customs

China’s coal imports fell in May after a strong rebound in the previous month, official data showed on Thursday, as cheap domestic sources and...

Iron ore slips as Chinese steelmakers face margin pressure

Benchmark iron ore futures in Asia fell on Wednesday, with the key Dalian contract extending losses to a second session, as reduced profitability at...

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Carnival rides on record cruise demand to lift annual profit forecast

Carnival Corp opens raised its annual profit forecast on Wednesday, anticipating a record year of bookings as the company benefits from a rise in...

TEN Beats Revenue Estimates In Q4

Tsakos Energy Navigation reported fourth-quarter FY23 Voyage revenue of $220.2 million, down from $270.3 million in the prior year quarter but above the consensus...

Euronav Announces Dividend Proposal And Further Fleet Optimisation And Growth

Euronav NV announces its dividend proposal at the Annual Shareholders’ Meeting and further fleet optimisation with the sale of three VLCCs, the delivery of...

BW Group Contemplating Block Sale of Shares in Hafnia

BW Group Limited has retained DNB Markets, part of DNB Bank ASA, Fearnley Securities AS, and Pareto Securities AS as Joint Global Coordinators and...

Euronav to Exit Belgium’s Blue-Chip Index Two Days After Joining

Tanker company Euronav will exit Belgium’s blue-chip Bel-20 index after just two days of trading, as it no longer meets the membership conditions after...

Cruise Division of MSC Group Further Strengthens Greece Offering

MSC Cruises and Explora Journeys to make over 400 calls to Greek ports in...

Houthis could partner with Iran, Somali pirates on Indian Ocean attacks

Yemen-based Houthi militants could keep the promise to extend their attacks to merchant ships...

Baltic index slides for seventh straight session

The Baltic Exchange’s main dry bulk sea freight index on Wednesday fell for the...

Shipping traffic freezes up in port waters after Baltimore bridge collapse

Ships sailing to the U.S. port of Baltimore dropped anchor in waters nearby while...

Baltic index hits near one-month low as rates drop for all segments

The Baltic Exchange’s main sea freight index dropped to a one-month low on Tuesday,...

Adani acquires 95% stake in Gopalpur Port

APSEZ has entered into a definitive agreement to acquire Gopalpur Port Limited (GPL) at an enterprise value of INR 3,080 crore Gopalpur is a road-rail...

Shipping traffic freezes up in port waters after Baltimore bridge collapse

Ships sailing to the U.S. port of Baltimore dropped anchor in waters nearby while vessels were stranded inside the port after traffic was halted...

MSC completes agreement for Clasquin

MSC Mediterranean Shipping Company, through its subsidiary SAS Shipping Agencies Services Sàrl, has announced an agreement to acquire a 42.06% stake in Clasquin, a...

Port Hedland Iron Ore Exports Steady in February 2024

Pilbara Ports delivered a total monthly throughput of 52.7 million tonnes (Mt) for February 2024. This throughput was a four per cent decrease compared to...

Successful transportation of electric busses through Port of Piraeus

A total of 140 Yutong electric busses were successfully transported, reaching the Port of Piraeus and efficiently unloaded at the car terminal station for...