The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry bulk commodities, extended losses and fell to a two-week low on Wednesday, pressured by lower vessel rates across all segments. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 127 points, or 5%, to …
Baltic Index Falls To Two-Week Low On Weaker Rates Across Vessels Read More »
The VLGC market in 2025 remained highly volatile, with occasional rate spikes overshadowed by weak fundamentals. Vessel oversupply and fragile demand, along with factors such as US loading disruptions, fluctuating arbitrage, and tariff uncertainties, weakened TC rates by 22% YoY in 2025. Rates revived in 3Q25 on the back of robust supply and strong Asian …
VLGC market in 2025: A rollercoaster ride with more dips than peaks Read More »
Sarjak Container Lines, a globally recognized Indian NVOCC specializing in project logistics, over-dimensional (ODC/OOG) and special equipment cargo movement, published an important update on the India-Europe freight rates and market conditions on this lane. “Shippers on the crucial India-Europe trade lane are facing unprecedented volatility this December, with spot container freight rates reportedly soaring by …
India-Europe Trade: Why Container Freight Rates Have Surged by Up to 60% Read More »
China Merchants Energy Shipping expects the global supertanker market to remain strong through 2026 and potentially into 2027-28, supported by a constrained supply of modern compliant tankers and a healthy demand outlook, Secretary of the Board of Directors Kong Kang said during an investor call. The Shanghai-listed company, one of Asia’s largest VLCC operators, expressed …
China Merchants Energy Shipping sees robust VLCC market through 2026-28 Read More »
Spot differentials for Asia fuel oil were broadly unchanged on Tuesday amid thin trading momentum, while market fundamentals retained a bearish tone. Bids and offers for Singapore 380-cst high sulphur fuel oil (HSFO) continued to prevail at steeper discounts for prompt loading dates versus the later ones. Meanwhile, spot differential for very low sulphur fuel …
Asia Fuel Oil Differentials Little Changed In Thin Trade Read More »
The Northern Lights joint venture (JV), encompassing oil majors Shell, Equinor, and TotalEnergies, has […] The post Shell, Equinor, TotalEnergies issue first Northern Lights CO2 storage certificates appeared first on Offshore Energy.
Energy and marine consultancy ABL has been appointed to provide marine warranty survey (MWS) […] The post ABL joins Ocean Winds’ team for Baltic Sea offshore wind farm appeared first on Offshore Energy.
UAE-headquartered Mubadala Energy, a wholly-owned subsidiary of Mubadala Investment Company owned by the government of Abu Dhabi, has pooled resources with PLN Energi Primer Indonesia (PLN EPI), a subsidiary of Indonesia’s energy and electricity supplier, to supply gas from its gas fields in the Andaman Sea. The post Unleashing more gas at the heart of …
Unleashing more gas at the heart of Mubadala’s partnership with Indonesian player Read More »
ExxonMobil Guyana Limited (EMGL), a subsidiary of the U.S.-headquartered oil and gas major ExxonMobil, has hired French maritime services player Bourbon on a long-term assignment off the coast of Guyana. The post Bourbon scores multi-year vessel gig with ExxonMobil in Guyana appeared first on Offshore Energy.
Scottish renewable energy company Orbital Marine Power has secured a £7 million (around €8 million) […] The post Orbital Marine Power gets €8M investment boost for tidal energy development appeared first on Offshore Energy.
