The Baltic Exchange’s main sea freight index, which measures rates for ships carrying dry bulk commodities, was little changed on Friday but registered a third straight weekly gain on the back of strong gains in the capesize vessel segment. The main index, which tracks rates for capesize, panamax and supramax shipping vessels, fell 1 point, …
Baltic Index Gains For Third Straight Week On Higher Capesize Demand Read More »
The European Union’s latest sanctions on Nayara Energy, India’s Rosneft-linked refiner, are beginning to impact clean product flows out of the Vadinar terminal visibly. Oil flows voyages tracking India-origin seaborne shipments show that the Naraya Vadinar Refinery handles roughly 10.5% of total Indian clean exports. A closer examination of India’s monthly clean oil exports shows …
EU Sanctions Start to Disrupt Clean Product Exports from Nayara’s Vadinar Refinery Read More »
A cross-sector consortium comprising the marine fuels training, conference and publishing firm ship.energy, shipping and logistics company DFDS, IBIA – The International Bunker Industry Association, and the University of Plymouth has been successful in its application for funding under the sixth round of the UK’s Clean Maritime Demonstration Competition. The Skills 4 Future Maritime Fuels …
The delicate balance of the global natural gas market remains acutely sensitive to geopolitical tremors, a reality underscored by recent events in the Middle East. While energy flows through critical chokepoints like the Strait of Hormuz largely remained uninterrupted, localised disruptions, notably to Israel’s piped gas exports, sent immediate ripples across the Eastern Mediterranean and …
Middle East tensions ripple through global gas markets Read More »
Drewry’s World Container Index decreased 3% to $2,517 per 40ft container this week. Our detailed assessment for Thursday, 24 Jul 2025 Drewry’s World Container Index (WCI) fell 3.3% this week, marking its sixth consecutive weekly decline. This ongoing downturn follows an earlier period of volatility triggered by higher US tariffs announced in April. The market …
Drewry: World Container Index Drops Further Last Week Read More »
Margins for high sulphur fuel oil and very low sulphur fuel oil posted weekly declines in Asia as of Friday, while spot differentials were broadly stable from the previous session, with the market eyeing some more regional tenders. The August 380-cst HSFO/Brent crack (FO380BRTCKMc1) closed at a discount of about $4 a barrel, while the …
Fuel Oil Margins log weekly slide; regional tenders underway Read More »
The 16 OSPAR contracting parties have agreed to phase out discharge from EGCSs in coastal waters of the European north-east Atlantic. Restrictions on open loop discharge are to take effect from 1 July 2027, and closed loop discharge from 1 July 2029. Read more about the ban in this news and on what to consider …
Taylor Maritime Limited, the specialist dry bulk shipping company, Friday announced its unaudited financial and operating results for the quarter ended 30 June 2025. Commenting on the trading update Edward Buttery, Chief Executive Officer, said: “Having already set course to zero bank debt, a goal we achieved in July 2025, we continued to sell vessels …
A new project funded by the UK Government through the UK Shipping Office for Reducing Emissions (UK SHORE) programme in the Department for Transport, is set to redefine how commercial vessels are maintained and managed – marking another step forward in the UK’s mission to decarbonise the maritime sector and drive regional innovation. Innovate UK, …
The “K” LINE Group conducted worldwide cleanup activities during the period before and after World Oceans Day* on June 8, with employees from Group companies joining voluntarily. Along with climate change, the Group has positioned its efforts to conserve biodiversity, particularly in the oceans, as an important environmental issue in its business activities, and has …
Marking World Oceans Day with Worldwide Cleanup Activities Read More »
