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S. Korean refiners slash Middle East crudes to chase margins, low-carbon feed

The share of Middle Eastern crude in South Korea’s 2021 refinery feedstock import basket could fall to the lowest level in more than three...

Gibson Weekly Tanker Market Report [W36]

This year has seen an impressive surge in commodity prices. Steel prices reached multiyear highs in May and, although they have since eased back,...

China’s August soybean imports fall on flat demand

China’s soybean imports fell in August from the same month a year ago, customs data showed on Tuesday, as low crushing margins and high...

China Aug iron ore imports rise for first time in 5 months

China’s iron ore imports in August rose for the first time in five months, increasing 10.1% over July, although demand remained lacklustre amid Beijing’s...

Intermodal Weekly Market Report [W35]

Last August was extremely hot in the dry bulk market with rates rising at levels that we have years to witness.

Gibson Weekly Tanker Market Report [W35]

As hurricanes and storms become increasingly more severe due to climate change and warming sea temperatures, so too has the impact on tanker shipping......

Corn Crashes as Hurricane Ida Devastates Busiest U.S. Export Hub

Corn prices in Chicago sank to a seven-week low as broken grain elevators and power outages in the U.S.’s busiest agricultural port raised concerns...

OPEC+ raises 2022 oil demand growth forecast

OPEC+ revised up its 2022 oil demand forecast ahead of a meeting of the oil producing group on Wednesday, amid U.S. pressure to raise...

Intermodal Weekly Market Report [W34]

As the summer season is coming to an end, the dry bulk market continues to rally...

Oil Edges Up as U.S. Gulf Producers Assess Damage After Ida

Oil closed modestly higher Monday in New York as offshore explorers assess damage from Hurricane Ida and investors shift focus to an OPEC+ meeting...

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Awilco LNG refinances ships in leasback deal

Awilco LNG announcde that a term sheet for refinancing of the Company’s two 2013-built 156,000 cbm TFDEs WilForce and WilPride has been agreed and...

George Economou acquires 5% stake in Seanergy

According to a relevant SEC filing, George Economou has acquired a stake in Seanergy Maritime. Specifically, the filing shows Sphinx, a subsidiary of Maryport Navigation,...

Frontline Reports $107.7 Million Profit in Q3

Frontline reported unaudited results for the nine months ended September 30, 2023: Highlights Profit of $107.7 million, or $0.48 per basic and diluted share for the...

Euronav: Dividend Distribution For Q3 2023 & Business Update

Euronav NV provides a business and dividend update following the recent board and management changes. The Supervisory board has agreed to distribute USD 0.57 per...

A new chapter for Euronav

Euronav shareholders have approved strategic changes at the company ushering in a new era.

IMO Adopts Tougher Resolution to Tackle ‘Shadow’ Tanker Fleet

The United Nations’ shipping agency on Wednesday adopted a resolution targeting illicit shipping practices...

Weaker vessel rates push Baltic index lower

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

Panama Chaos Grows as US Diesel Shippers Bypass Canal

The worsening bottlenecks at the drought-stricken Panama Canal are pushing at least one US...

Baltic index snaps 8-session winning streak as larger vessel rates fall

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

Celestyal awarded “Passenger Line of the Year” at Lloyd’s List 20th Annual Greek Shipping...

Celestyal, the award-winning, number one choice for cruise travelers to the Greek islands and...

Clasquin: Exclusive Negotiations With SAS, Subsidiary of MSC

Mr. Yves REVOL and OLYMP, controlling shareholders of Clasquin SA (Paris:ALCLA), announced that they have entered into exclusive negotiations with SAS Shipping Agencies Services...

Port Houston Breaks Export Record

October was the biggest month ever for loaded exports at Port Houston, up 6% compared to last October. Port Houston’s loaded exports are up...

Port of Piraeus working on first shore power connection slots for 2024

The Piraeus Port Authority (PPA), which manages the largest and busiest port in Greece, announced the first five shore power connection slots for ferry...

Two major US cruise operators interested in buying Lavrio port

The tender for the concession of Lavrio port is set to begin in the next few weeks. Sources tell Kathimerini there are at least two...

Biden Administration Invests Over $650 mln in US Ports to Strengthen Supply Chains

The U.S. Department of Transportation’s Maritime Administration (MARAD) announced over $653 million to fund 41 port improvement projects across the nation under the Port...