International Shipping News.

The Baltic Exchange’s main sea freight index declined on Friday, marking a weekly drop on the back of weaker demand in the larger vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by 22 points, or 1.3%, to 1,721 points, its lowest level in over two weeks. ... […]

The International Energy Agency’s (IEA) latest Oil Market Report paints a surprising picture for the future of oil. While global oil demand is expected to notch up some growth in 2024 and 2025, the pace of that increase is slowing dramatically, hinting at a potential peak in consumption sometime this decade. This marks a significant ... […]

Like so many industries, the intermodal transportation sector runs on data. Clear, accurate and up-to-date information informs the strategies and business decisions of terminal operators and port authorities. The digital age gives us different methods to gather and track this data, including direct data feeds and data scraping. Data scraping involves extracting information from websites ... […]

Drewry’s World Container Index remains stable at $2,706 per 40ft container this week. Our detailed assessment for Thursday, 25 April 2024 The composite index remains stable at $2,706 per 40ft container this week and has increased by 55% when compared with the same week last year. The latest Drewry WCI composite index of $2,706 per ... […]

A ship controlled by U.S.-sanctioned Russian shipping giant Sovcomflot (SCF) discharged fuel oil at a western Indian port on Friday, two sources familiar with the matter said, indicating a resumption in the use of SCF vessels to supply Moscow’s key market after a brief halt. The SCF Baltica, carrying 90,000 metric tons of fuel oil ... […]

Asia’s refining crack for 380-cst high sulphur fuel oil firmed to a more than seven-month high on Friday, latest data showed. The Singapore crack spread for May (FO380DUBCKMc1) closed at a discount of $7.73 a barrel, based on LSEG data at 0830 GMT. The uptick emerged as the market eyed fewer incoming supplies from the ... […]

IACS, the membership organisation for the world’s leading classification societies, has published its 2023 IACS Annual Review, which is now available to download at here. This year’s Annual Review includes a broad range of articles highlighting IACS’ work in 2023, with a strong emphasis on the significant advancements made in alternative fuels. This includes the ... […]

Highlights from January–March 2024 Order intake increased by 11% to EUR 1,924 million (1,739), and the organic growth was 17% Service order intake increased by 7% to EUR 949 million (889) Order book at the end of the period increased by 19% to EUR 7,294 million (6,153) Net sales decreased by 10% to EUR 1,321 ... […]

Mitsui O.S.K. Lines, Ltd. announced that the LPG (Note 1)dual-fuel LPG/ammonia carrier (VLGC) Aquamarine Progress II (Note 2), ordered by its group company, Aramo Shipping (Singapore) Pte. Ltd. (Note 3) (Head office: Singapore), was delivered on April 26 by Namura Shipbuilding Co., Ltd. (President: Kensuke Namura; Head Office: Nishi-ku, Osaka). The Aquamarine Progress II will ... […]

Avenir LNG Limited (NOTC: AVENIR or the “Company”) announces today that it has entered into a shipbuilding contract with Nantong CIMC Sinopacific Offshore & Engineering Co. Ltd (“SOE”) in China, a subsidiary of CIMC Enric, for two 20,000cbm LNG Bunker & Supply Vessels which are scheduled to be delivered in Q4 2026 and Q1 2027. ... […]