Following a sharp downturn in tanker contracting that saw the orderbook plunge to new lows before tanker owners started placing new contracts at speed earlier this year, a small volume of new ships will be commissioned in the near term.…
The Far East – Latin America Express (FLX) launched in cooperation with Ocean Network Express (ONE) will serve the ports of Busan in Korea, Shanghai in China, and Lazaro Cardenas in Mexico. The first voyage on the FLX service is…
Heavy seas and strong winds are continuing to batter shipping along the South African coast and the massive containerships on route to sail the Cape of Good Hope due to Red Sea diversions. CMA CGM is reporting that one of…
Tracking services and the AIS signal from the Marshall Island-flagged tanker Advantage Sweet show the vessel underway and bound for Khor Fakkan in the United Arab Emirates nearly 15 months after the tanker was detained by Iranian forces. The latest AIS data…
Ukraine reports it has seized a Turkish-owned cargo ship and is detaining its captain on charges that the vessel was used by the Russians to loot Ukraine grain stored in occupied Crimea. According to a statement from the State Security…
Independently held gasoline stocks in storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose by over 9% in the week to Thursday, data from Dutch consultancy Insights Global showed. Gasoline stocks reached 1.124 million metric tons, the data showed.…
Onshore fuel oil stockpiles at key trading and storage hub Singapore fell in the week ended June 26 after climbing for four straight weeks, the latest data showed Thursday. Inventories fell 15.4% to 19.29 million barrels (3.04 million metric tons)…
Crude oil exports from Türkiye have maintained their downward trend during the first five months of 2024, established since the start of 2023. In its latest weekly report, shipbroker Banchero Costa said that “2023 has been another positive period for…
AEGIS Europe, an alliance representing over 20 key EU manufacturing sectors, urges immediate action from the European Union to address the critical and unprecedented threat posed by economically irrational excess production capacities, especially from China and other emerging economies. This…
For spot tender news stories, click HOIL-O/TEND-O For Naphtha tenders: NAP/TENDA Gasoline MOG/TENDA Fuel Oil FUEL/TENDA To access the Oil Fundamentals Database, click OFD/INFO: Source: Reuters (Reporting by Trixie Yap; editing by Jason Neely)