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Baltic Dry Index at Over 1-Month High, Posts Monthly Gain
The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, soared about 7.3% to the highest since mid-December at 2,148 points on Friday. The capesize index, which typically transports 150,000-ton cargoes such as iron ore and coal, jumped 12% to 3,507 points; and the panamax index, which usually carries 60,000-70,000 tons …
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Asia Adjusts to Shifts in Heavy Crude Availability
Recent developments in oil production and export flows from Venezuela have prompted closer market attention on alternative sources of heavy and discounted crude, including supplies associated with Iran, as Asian refiners reassess sourcing strategies. Asian refiners continue to have access to a broad set of global suppliers. That said, refiners with higher exposure to Venezuelan …
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East/West HSFO paper spread nears 4-year high as West weakens, Singapore tightens
The East/West swap spread for high sulfur fuel oil climbed to its strongest level in nearly four years, reflecting a widening disconnect between a soft European complex and a firmer Asian market. Platts, part of S&P Global Energy, assessed the front-month paper East/West spread — the difference between 3.5% FOB Singapore cargoes and the equivalent …
East/West HSFO paper spread nears 4-year high as West weakens, Singapore tightens Read More »
Shipping’s nuclear horizon
As the global shipping industry stares down the barrel of its decarbonisation gun, a propulsion technology that had fallen out of favour is making a return. According to a white paper released by DNV, nuclear propulsion is today no longer a “distant prospect” but a “real option” that could fundamentally reshape the commercial maritime fleet. …
“Clear Policy Direction on Maritime Expansion and Inland Waterways Outlined in President’s Address”: Sarbananda Sonowal
Union Minister of Ports, Shipping and Waterways (MoPSW) Sarbananda Sonowal termed the President’s address to Parliament as visionary which has reinforced the government’s long-term policy commitment to strengthening India’s maritime sector, inland waterways and blue economy, describing it as a clear affirmation of the national strategy to build globally competitive logistics and shipping capabilities. “The …
Limited biofuel bunker traction across the Americas
There have been pockets of biofuel bunkering progress in the Americas over the past year, but uptake remains sparse and highly fragmented. Biofuel bunker activity across the Americas accounted for around 5% of global biofuel bunker deliveries in 2025, according to ENGINE’s fuel quality data, which represents approximately 60% of all lab samples globally. Houston, …
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Maritime Technologies Forum Highlights Key Activities in its 2025 Annual Report
The Annual Report 2025 from MTF provides an overview of recent reports and events in support of accelerating the safe decarbonization of the maritime industry. 2026-01-30, Tokyo. The Maritime Technologies Forum (MTF) has today released its annual report highlighting recent publications and events organised to promote the safe decarbonization of the maritime industry. Celebrating its …
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ITF warns seafarer abandonment has reached record levels
Seafarer abandonment has reached its highest level on record, with new figures from the International Transport Workers’ Federation (ITF) revealing a sharp rise in both the number of ships involved and the number of seafarers affected. According to ITF data, 6,223 seafarers were abandoned across 410 vessels in 2025, marking the worst year ever recorded …
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Singapore’s fuel oil inventories declined by 9% in January
Residual fuel oil stocks in Singapore averaged 9% lower in January than in December, data from Enterprise Singapore shows. Changes in monthly average Singapore stocks from December to January: Residual fuel oil stocks down 2.25 million bbls to 23.55 million bbls Middle distillate stocks up 140,000 bbls to 8.40 million bbls Singapore’s fuel oil stocks …
Singapore’s fuel oil inventories declined by 9% in January Read More »