EU sanctions target Russian Gas for the first time
European Union countries agreed on a 14th package of sanctions against Russia over its war in Ukraine, diplomats said on Thursday, including their first restrictions on Russian gas. The package bans...
View ArticleHeidmar agrees to business combination with MGO Global
MGO Global, a digitally-native, lifestyle brand portfolio company, and Heidmar, a global commercial and pool management business serving the crude oil and refined petroleum product tanker market...
View ArticleBaltic index falls as larger vessel rates dip
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell on Monday, weighed down by a dip in rates for the capesize and panamax vessel segments....
View ArticleCelebrating seafarers worldwide on 25 June: International Day of the Seafarer
On the International Day of the Seafarer, IMO Secretary-General Mr. Arsenio Dominguez pays tribute to the 2 million seafarers who keep global markets functioning and supply chains going. In a video...
View ArticleIron ore at 2-1/2-month low as tepid steel demand, firmer dollar weigh
Prices of iron ore futures extended losses on Monday to their lowest levels in more than two months, pulled down by signs of dull steel consumption in top consumer China and a stronger U.S. dollar....
View ArticleSevere drought forces corn farmers in China’s east to delay planting
After weeks of scorching heat and little rain, farmer Zhang Yunjing had no choice but to collect water from a wastewaterpipe to irrigate her parched corn field in China’s eastern Shandongprovince....
View ArticleEU adopts new sanctions against Russia, including LNG
European Union countries adopted a 14th package of sanctions on Russia that aims to close some loopholes and hits Russia’s gas exports for the first time, EU foreign ministers said on Monday. Western...
View ArticleMissile attack confirmed in Arabian sea
A merchant vessel in the Arabian Sea reported an explosion in close proximity to it on Monday, the United Kingdom Maritime Trade Operations (UKMTO) said. UKMTO said the crew was reported safe and the...
View ArticleBaltic index hits two-week low as larger vessel rates dip
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell to its lowest level in two weeks on Tuesday, pulled down by weaker capesize and panamax...
View ArticleIron ore pares losses on resilient near-term demand, stimulus hopes
Iron ore futures prices pared losses on Tuesday, helped by demand forthe key steelmaking ingredient and renewed stimulus hopes in top consumer China. The most-traded September iron ore contract on...
View ArticleRussia’s July western port oil loadings to fall 23% m/m, sources say
Russia in July will cut oil exports via its western ports to 1.5 million barrels per day (bpd), down almost 500,000 bpd from June, as processing at its refineries is set to rise after maintenance, two...
View ArticleRussia’s Sovcomflot says western sanctions are undermining safety at sea
Sanctions on shipping companies are undermining safety at sea and pose dangers for trade as ship standards are impacted, the chief executive of sanctioned Russian shipping group Sovcomflot said. The...
View ArticleCarnival Corp raises profit forecast again on steady cruise demand
Carnival Corp raised its annual profit forecast on Tuesday for the second time this year, banking on higher prices for its itineraries and sustained demand from Americans for cruise holidays. The...
View ArticleMOL announces consolidation of equity-method affiliate company Gearbulk
Mitsui O.S.K. Lines announced that it has decided to undertake a business reorganization of its equity-method affiliate company, Gearbulk Holding AG (Gearbulk; President: Kristian Jebsen;...
View ArticleBaltic index gains on strong capesize demand
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose on Wednesday on the back of higher rates for capesize vessels. The overall index, which...
View ArticleSingapore port congestion shows global ripple impact of Red Sea attacks
Congestion at Singapore’s container port is at its worst since the COVID-19 pandemic, a sign of how prolonged vessel re-routing to avoid Red Sea attacks has disrupted global ocean shipping – with...
View ArticleSamsung Heavy launches mega-sized LNG carrier
US. energy company Venture Global LNG announced on June 26 that Samsung Heavy Industries had launched its mega-sized LNG carrier named the ‘Venture Gator’ in South Korea. The Venture Gator is the...
View ArticleIron ore extends gains on sustained China demand, property stimulus
Iron ore futures prices rose for a second straight session on Wednesday, aided by a wave of buying in China’s spot market and bets that the world’s second-largest economy will unveil more stimulus to...
View ArticleTransocean announces $188 Million Ultra-Deepwater drillship contract extension
Transocean announced a 365-day contract extension for the Deepwater Asgard with an independent operator in the U.S. Gulf of Mexico. The program is expected to commence in direct continuation of the...
View ArticleMarsa Maroc to operate Nador West Med container terminal – The North Africa Post
Marsa Maroc will operate the container terminal at the deep-water port, Nador West Med for 25 years, Moroccan media reported. Marsa Maroc will have to invest 200 million dirhams ($20 mln) in the...
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